New-York tribune., 1900-11-09
PROSPERITY HERE TO STAY.
GREAT INCREASE EXPECTED IN DOAIES-
TIC PRODUCTION AND EX-
PORT TRADE

The keynote of the Republican National cam
paign which has just closed with decisive a
victory was prosperity. The advocates of that
cause declared with confidence that II the Re-
publican policies should this month again pre-
vail at the polls the industrial progress made
by the country during the present Administra-
ton would not only suffer check. but would
during the next four years show results far
surprising the record of any previous similar
period.
Mckinley has been reelected and with his
reelection has come an instant and complete
restoration of confidence and a marvellous
quckening of industrial and commercial and
financial enterprise. inactive and paralyzed Tor
months under the dread of the possible success
of Bryan Prosperity is to continue, is to-day
the unanimous and freely volunteered opinion
OF business men and financiers all over the coun-
try-even in the South, it may be said.
The persistent effort to put the United States
on a silver basis, which would mean repudation
Of Natona! obligations and debasement of the
currency, has been once more defeated. this time
finally, 1t is believed. The virulent appeals Of
the Bryanites in the endeavor to excite class
hatred have been disregar1ed by the masses OF
the voters The indlscriminate assaults upon
combinations OF capital. whether good or bad.
have failed. Now peace is assured. and, in the
judgment OF the best informed men in the busi-
world. it needs only the assurance of peace
TO enable the country to win prosperity and
position greater than any nation of modern
times has ever enjoyed. On the New-York
Stock Exchange are handled the securities of a
large proportion of the great industrial and
transportation companies of the country. COM
panies every Of which vitality interested
in the outcome of the election, for all had
shared in the semi-stagnation of business which
showed no Improvement until within the last
few weeks, when it became apparent that Bry-
anism would be rejected by the people.
Into the Stock Exchange, few hours after 1t
was known for a certainty that the Republican
Administration had been continued in power
there poured an Irresistible and enormous flood
of purchasing orders. rejecting Enthusiastically
the confidence Of the people that prosperity had
come to stay at least four years longer and
their belief that with prosperity in sight and
virtually an assured fact, the properties repre-
sented by the stocks traded in on the Exchange
were worth more money than they had Deen
worth when the credit Of the Nation and the
credit of the Individual had been menaced by
militant Organism. Capital. too. the fear of un-
settling and hostile attack removed. came FORTH
and call loans on the day before election ruling
as nigh as 25 per cent were made the day
following the election at rates as low as and
even per cent while time loans showed a sim
day. the tremendous transactions at the Stock
Exchange represented in large measure buying
for investment account.
With the reelection of Mckinley. there seems
every reason to believe. will come a vast IN
crease not only for domestic production but
also for export trade. The United States Is now
the worlds greatest producer Of iron and cop
per. OF coal OF grain, of cotton. and OF lumber
From present estimates II seems prooaoie that
she will this year become the largest exporting
nation In the world and that she will long
maintain that position. Her export demands
cannot but increase the business of the rail-
roads OF the country and stimulate the activi-
ties OF the great shpbuidng yards. and the in
creased needs of these Industries necessarily in
turn must enlarge the demand for the products
OF the steel mills and the mines. With her en-
trance into the markets OF the world as an
active force. too. especially in the Far East,
the United States will export increasingly large
quantities of manufactured cotton goods, a
trade from which the South will largely profit
From all quarters are already coming reports
Of the pronounced revival Of business The con-
tracts contingent on the success Of Mckinley.
cases of the making OF which within the
personal Knowledge of every business man. al
though denied with vigor by the Bryan cam
paign orators, now being formally executed.
and preparations for work on them are
being actively made. Great industrial COM
panies and transportation companies are full
OF hope for the future, and important
financial plans nearing perfection and an
nouncement. CanitaL proverbially timid is
ready to take the minimum of risk, which is
involved in it's employment under the safeguards
afforded by Administration pledged to ad-
here the gold standard and to uphold the
National faith. Foreign governments are turn
ing TO this country. expecting with reason to
obtain here loans representing the surplus re-
naming after the expanding and developing IN
dustries Of the United States shall have been
financed. Prosperity is here.
WESTCHESTER CORRECTED RETURNS.