The Republican journal., 1908-11-12

verdict Nov. Sd.
Near the close of the Presidential cam
paign Mr.. Bryan, evidently seeing his
impending defeat, declared that the Re
publicans were preparing to buy the cleo
ton In other words Mr.. Bryan profess
ed to believe that a majority of the Amerl-
can people who would otherwise have
voted for him would be bought up by the
Republicans. That statement, rejecting
as it does upon his own followers, does no
credit to Mr.. Bryan. Since the election
Norman E. Mack, chairman of the Demo-
cratic national committee, whose political
forecasts have made him the laughing
stock of the country, has issued state
ment in which he says:
"There is not much for me to say and
no apologies to make relative to the vic
tory of the Republican party. Mr.. Bryan
made the most magnificent fight ever
waged bv candidate The party was
made the victim of Misrepresentation
Misrepresentation that Democratic sue
cess would retard the business interests
of the country. That was, of course, an
argument without foundation in fact.
This statement is as widely at variance
with the truth as Mr.. Mack forecast OF
: 1913 electoral votes for Bryan. There is
no question as to the disastrous effect
Mr.. Bryan's election would have had
upon the business of the country. The
financial and trade journals and such con-
sentative newspapers as the New York
Evening Post and Boston Transcript
agree as to that. The Post in canvass
ing we'll known authorities on business
found that business was making grad
ual but healthy growth, and that in the
opinion of one of the foremost authorities
on conditions in the wholesale dry goods
commission trade the election of Taft
would be followed by revival in many
lines owing to the release of contingent
orders. This opinion has been amply
verified The vice president of an i'm
portant mercantile bank, and an acknowl-
edged expert on business conditions, did
not think that Bryan's election would be
death blow to returning prosperity,
but said, ''it would keep US at stand
still for several months, and Immediately
deprive US of great deal of European
capital which will be invested in Ameri-
can securities if Taft wins.
There is no better business barometer
than the stock market, and that respond
ed at once when the result of the election
became known. Last Friday steel com
mon had gone to 81, the highest price
touched by it in the last seven years, and
there has been a general advance all along
the line. The revival of business in other
directions is surprising: 1t is seen in all
lines, in every trade and industry. The
man who works with his head and his
hands, the business man, the manufac-
turer, the capitalist, the laborer, all will
be sharers together in the new prosper
ity which was assured by the Republican
victory on November Sd. The prevailing
opinion in business circles is that the cleo
ton of Mr.. Taft will give stability to
commerce and finance, and it has already
restored the confidence that was lacking
while the result was in doubt. Speaking
last Thursday night in Cincinnati to the
Cincinnati Commercial Club, Of which he
has been a member for fifteen years,
William H. Taft brought every member
of the club to his feet in his address,
sounding the keynote of prosperity for
the country for the next four years. He
said:
s'Everv business man who is obeying
the law may 60 ahead with all the energy
in his possession; every enterprise which
is within the statutes may proceed with
out fear of interference from the admin
istration when acting legally; but all in
terests within the jurisdiction of the fed |
eral government may expect rigid en-
forcement of the laws against dishonest
methods. y /
In other columns we present some OF
the evidences of great business revival.
These reports are from the Associated
Press, which is non-partisan, of course,
and appear in Democratic and Republi-
ran papers alike.