The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-09-15
BUSINESS CONDITIONS STABLE
AND THE COUNTRY HAS HAD A
WEEK TO PREPARE ITSELF.
Interviews with Local Men of Bust
ness and Finance Follow
the Same Line.


concerned about the possible effect of the
death of the President on the markets. Ev-
cry effort has been made to prevent even
the slightest panic. Thus far the indica
tions that there will be no damaging tend
ency have been favorable. The stock ex-
changes did not open yesterday and there
was, therefore, no accurate method OF judg-
ing what the effect of the Presidents death
amounted to commercially.
John ]. Appel, president of the Board of
Trade. thinks that the country is too large
to be seriously affected commercially by
the death of President Mckinley and the
succession to the office of President Roose-
welt. Most of the stocks and bonds" said
Mr.. Appel. ARE owned by the moneyed men
Of New York, and they control the market.
The little fellows may make a noise, but
they can do nothing. Mr.. Roosevelt has
the confidence Of the men in power. The
stock exchanges closed to head off any
trouble, and they may remain closed for
several days to come. OF course, there may
be slight furry. but think it will be only
temporary. and the substantial condition of
the country will continue"
XXX
Mr.. II. P. WATSON, in speaking of the sit
uation, said: IL do not expect a business
slump on account of the change in national
affairs. Mr.. Roosevelt is a man capable of
running this country in the same ideal
manner which characterized President Nc
kInley's administration
XXX
1T is not surprising that a change of
Presidents, whether for better or for
worse" said John Perrin. president of the
American National Bank, should cause
monetary hesitation in commercial and
financial activity, but the main force of the
shock already has been felt. For more
than a week the possibility Of President
McKinley's death was imminent and the
immediate effect on financial affairs, there
fore, already has been discounted. Under
has shown marked ability. He enjoys the
confidence of the people and his succession
Will not disturb our tranquil prosperity"
Xxx
Business is on such a sound basis said
Volney T. Malott, president of the Indiana
National Bank, that any disturbance
would be only temporary Stocks may be
affected for short time, but 1T will not be
permanent. Besides. the balance of trade
for the last four years has been heavily in
our favor and our credit abroad is great"
XXX
Mr.. Henry Schnull, wholesale grocer on
South Meridian street. expressed surprise
that any thought should be entertained by
people OF doubling the ability of President
Roosevelt to carry the affairs of the
country in the same manner as did Pres
iGent Mckinley. THE shock is indeed
very great said he, but the American
people have had one week to study this
matter carefully and / see no reason why
any furry in the business world should be
caused do not expect any in our bust
ness, at least
Mr.. Brooks, general manager of the Ma
tional Malleable Castings Company in
Haughville, said: II can see no reason
why there should be any change in bust
ness on account of the change in chief ex-
ecutives. The business of this country is
In such stable condition that l apprehend
slump.
Mr.. Vonnegut, OF the Vonnegut Hard
ware Company, in speaking on the bust
ness outlook said that people will talk for
a few days discussing the situation and in
business. THAT is the only reason he
said, why any lull in the business world
should occur. All we must do now is to
await developments.
Mr.. r. s. Sinclair. of the firm of Kingan
& Co.. said: II do not anticipate any
falling off in our business on account of
affairs of this country. The fact that the
the people of this country time to study
the matter. Business affairs, L think, will
continue as before. Mr.. Roosevelt is
man who is capable or keeping this country
in the same great commercial path that
Mr.. Mckinley built.
Mr.. d. NJ. Parry, of the Parry Manufac-
turing Company, said: while this matter
is to be deplored greatly. do not why
there should be any decrease in business.
There may be a slight slump during the
period of mourning but this will be dissi-
pated Immediately, as the affairs of this
country to-day are in such shape that they
can hardly be shaken.
Mr. Clark, manager of the Levey Broth
ers' printing house. said that he had talked
the matter over with number of business
men and the consensus of opinion was that
there will be no perceptible change in bust
ness Mr.. Mckinley could hardly be sue
ceeded by a man better qualified TO trans
act the great work which this country is
now putting forward in a commercial way"
He said: "Of course, We expect slight furry
in the market during the next few days
but after the funeral of the President we
are certain that business will go back to
its normal state.
said: THE financial condition of the
United States at this time is so strong that
it can hardly be shaken. We expect a
slight falling off in some of the stocks at
opening Monday morning but by o'clock
of the same day the confidence OF the
American people will have sufficiently re-
covered that the prices will soar above the
first quotation There Is no reason 10 think
Mr. Roosevelt will not have the entire con-
hdence of the people"
Mr. W. ]. Holiday. wholesale dealer I'm
iron and steel on South Meridian street.
said: II do not expect any difference in
trade on account OF the change in Presi-
dents There may be a slight indisposition
on the part of the people 10 transact bust
ness for a few days, but that will PASS
away by the time the funeral or President
Mckinley has been held"
Mr. Theodore f. Griffith. OF the wholesale
millinery firm of Griffith Brothers. in speak
ing OF the situation said he could see no
real reason for a shake-up in business In
our business he said, Il know that there
will be no change and the market will
keep that steadinesS which has marked il
since Mr.. Mckinley became President"
Mr.. A II. Nordyke said: Business in
terests are on solid basis Most Of our
come. and the future is full OF promise In
the money and stock centers there can be
but little check i'm the prosperous condi-
tiOns nov prevailing. The conservative
go-ahead policy OF the administration. in