Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-11
Financial News Letter
special Correspondence Of The Star.
BY W. j. NICHOLAS.
NEW YORK OcfOher 10

| NEW YORK, October 10, 1905.
The underlying bullish feeling in the
stock market continues to rest mainly on
the deep conviction that Mr. Taft will be
elected President and that that event
Will signaiize the beginning of another
great industrial and business boom. The
important people Of Wall street are clear
~ inspired by renewed and fortified con-
fidence in the political and business out
look. They have heard something within
the past few days which has greatly
strengthened their faith. There have
| oeen developments of the highest i'm
portance IN the campaign. and. according
10 Information in the possession of the
leading interests of the financial district
| all doubt OF the result is practically dis
missed. They hear that the farming ele-
lining up once more for the republican
national ticket, and that the business in
terests everywhere are taking the posi-
t,on mat the election of Taft will be for
question impressed by that most potent
OF pohtical arguments. to wit: That q re-
vivai OF prosperity will date from Mo-
vemoer 3 In the event of Mr.. Tafts cleo
postponement of such desirable beginning
MT Bryan should triumph. This sort
or talk is heard everywhere
IS that which leads the financial
leaders and the great capitalists of In
dustry to pin their faith on a republican
victory They say among themselves, and
their correspondence is full of it, that the
country must look for another indefinite
PERIOD PER- ,e OF political turmoil and of asita-
democrats should get control of the ma
tienaI administration: hence the neces-
slty Tor getting safe and for putting the
country In position where 1t cannot be
shaken any further by political expert
Of Toll oh,
ing may be partisan and may be con-
sidered unfair, but the gospel Is never
tneless being proclaimed in every quar-
YER and 1t Is Individually having it's ef-
1t is the strongest political argument
ever preached. 1t is more effective a
thousandfold than all the oratory of all
the speiibinders in creation. 1t touches
mass of business men ana the welfare Of
every community. Against 1t Mr. Bryan
ana MS campaign managers are finding
nara TO contend. Wall street hears tina :
aae democratic headquarters both at Chi
eograged and that the high hopes they
indqiged In up to q very recent date are
sivlng way to dependency, The rank
ana me OF politicians are charging their
They are accused of making almost no
use OF powerful ammunition placed at
their disposal and are leaving fhe whole
Cufueh VI tne campaign upon the candi-
dates themselves.
4
In New York there is every indication
of political drift of the greatest inn
portance locally. as we'll as in broader
sense On every hand-in the banks. in
the counting rooms. In the stock exchange
quarter, and up and down Manhattan
Island wherever men gather together to
talk. word is passed that the voting com
binafion in New York state on election
day will be Taft for President and Chan
Ter for governor. If there has net been
an open deal to that effect among the
leaders of both parties. then the signs are
all wrong. Gov. Hughes has aroused the
il-will OF influential people and has in
spired fears In the financial district that
he may carry his reform ideas to the ex.
tent of q crusade against the stock ex-
without the slightest warning and knock
ed them out. He has not openly declared
himself against the stock exchange. but
the same influences are at work upon
him that led to his action against racing
and the stock exchange interests are
full of fear that he may turn his batter
les against them in the event Of his re-
election.
X X
Hence it is that throughout the whole
Wall Street section sentiment against
the governor is weil-nigh unanimous. Tens
of thousands of men were financially
hurt by the destruction of racing as a
business and their votes will unanimously
90 to Chanler The nersona1 liberty idea