New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-04
DISASTER FOLLOWS BRYAN.
A PROMINENT IMPORTERS REASONS FOR
SUPPORTING THE ADMINISTRATION.

SUPPORTING THE ADMINISTRATION.
To the Editor Of The Tribune.
Sir: The great prosperity and commercial activ-
fly that this country is experiencing Is due
the wisdom and sound policy OF the present
Administration and the unbounded confidence that
the thinking and producing classes Of all parts OF
the United States have in 1t. The natural desire
to continue this prosperity and insure our future
financial and commercial welfare compels US to
Insist that there be change; and that can only
be accomplished. of by the election of the
Republican candidates
The thought of the disaster resultant upon the
election OF Bryan and the reversal Of the present
Government financial laws is appalling. Under the
existing Administration have attained the
highest point of prosperity IN business history,
and the reelection of Mckinley in November GER
tainly means continuance of good times: and
commerce, OF the assured stability
In the National Government, would take new
strides in the markets OF the world.
We solidly a sound money basis. and
the balance trade in favor of the United States
during the last year has been twice as great as
that of any corresponding period recorded. All
this means much. and there is reason why II
should not and would not continue. but for the
fear that would attend a state OF affairs. such
as the election Of Bryan would bring about. Cap
ital will embark when even the remote chances
of Bryans election visible Even worse is the
fact that capital already invested is being with
drawn for the same reason
I speak from definite knowledge this point,
because my foreign business relations have result
ed in the placing from time to time of large sums
of money in American properties for European
capitalists and investors: and during the last few
weeks following the nominations at Kansas City
have received instructions to sell these securt-
ties because the holders were afraid to keep them.
fearing the disastrous effects upon all classes Of
United States investments that would follow the
possible election of Bryan.
This being the case when the chances seem so
overwhelmingly in favor of Democratic defeat,
what would be the result in the event that Bryan
were actually elected?
Under a continuance of the present Admins
tration capital will have fear; and, with the
confidence that there will be trihing and no ex-
periments with established currency system
business prosperity. which is to follow where
the future makes threats, will remain with us
and increase trade expands
There is q belief in quarters that importers
all free traders Personally, am in favor of
the protective tariff that has built up our manu-
featuring and given employment to our people and
made II possible and profitable to invest capital In
mills and factories to an extent that other Ma
uonal legislation could accomplish Unemployed
capital means unemployed labor. Experience
teaches that business prospers when the people
purchasers. and the people are purchasers when
they employed
AS regards the cry Of imperialism it is rather
difficult understand jIst what the Democratic
ifeve in Imperialism. and DOUBT if there is an i'm
periast in the United States. II does believe, how
add to markets, keep our factories running and
give American labor steady employment at good
wages. Republican policy means the protection
OF our home markets and the finding and de-
veopment of place TO send our surplus abroad
The balance OF trade is now enormously in favor
of this country, and we have become exporters Oh
a grand scale. and imports are rapidly decreas
ing. To such extent is this true that many OF
the large manufa cturers of Europe who formerly
exported largely to the United States and found in
Us their best customer now realize that this
ket is lost to them Instead of sending us their
manufactured goods, as heretofore, and being able
10 keep their mills and factories going, and EN-
ployes paid largely with American dollars. they
looking to this country desirable
place invest capital and to erect manufacture
ing plants The movement is already on. and will
continue under unchanged conditions to the great
benefit Of American institutions and American
wage earners.
Republican success at the polls this year means
TO the business interests and the workingmen
than before in the countrys history. and with
the records of the last eight years before US the
important question as TO which of the two parties
viii keep mills and factories going and pro-
vide prosperity for the people should be easily
swcred. When Cleveland in office. practically
every mill in the country was partly shut down,
and there was panic of some kind nearly every
sixty days.
During the period of the Mckinley Administra-
ton all records for commercial activity and pros
perity have been broken Every legitimate busi-
ness enterprise has been benefited by the greatly
increased volume of trade and al large prohts and
the very minimum of loss through bad accounts
or failure and his reelection that shall
press forward. leading the nations or world in
the struggle for commercial supremacy.
All this success and prosperity and National sat
which grew OUT of and can only feed and fatten
upon dissa tisfaCtion with current conditions. The
country IS in highly prosperous condition, and
the commercial interests could not be bettered
The party in power should have another four years
at least in which to work out to successful com
pletion the great problems it has so auspicousy
Undertaken under the able leadership of President
New-York. Oct %, 1900