The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1912-08-09
COMING NOVEMBER
ELECTION WILL NOT
AFFECT THE BANKS
WILSON Is GENERALLY ADMIT
TED WILL BE NEXT PRESl-
DENT.
is Considered SAFE MAN
Change in Government Policy viii
Not Be Sent as to Disturb Pros
perity That Is Now Being Enjoyed
BY the Country.

NASHVILLE, Aug. What ef
feet will the coming Presidential
election have on business?' was
asked a prominent banker of this
city, and the answer came, Very
little, if any at all" The reason
for this, as it was explained, Is be.
cause the result Of the election Is al
ready practically settled, Gov. Will
sons election being generally oex-
pected, and business will have time
to gradually adjust itself to the con,
ditions of the change of government.
Again, there is no great issue at
stake in either platform that would
affect business especially the bank
ing business, and there is no reason
for anyone becoming disturbed over
the probable outcome of the Presi-
Dental campaign. The change in
the government policy, it was said,
may have tendency to affect the
trusts and corporations adversely,
but so far as banking is concerned,
things will move on as smoothly as
they have been for the past few
years.
An out-of-town banker also ex-
planned the reason why the Presi-
dental election will have no in
fiuence on the financial prosperity Of
the country. He stated that so far
as his information went, and person
ally. he thought Mr.. Wilson all right;
that the bankers and financiers gen.
orally regretted his position on the
initiative and referendum as imprac-
teal and chimerical, but that this
was really a local question and that
in all great National economic ques-
tons they though he would be pro-
gressive but safe-for necessary re-
forms, but nothing revolutionary.
Above all, he said the possession Of
power was very SOLDERING in its ef
iects and the coming change Ia the
National Government would be no
exception; that the action of the
party would be more conservative
than it's talk. Good crops, plenty of
money and safe man like Mr.. VIII
son at the head of affairs, he thought,
an era of prosperity
and fiourishment.
1t is generally admitted throughout
he country by business men that |
Iov Wilson will be the next presi-
lent of the United States. With two
republicans and one democrat in the
ace, there is no other probable way
or the election to result. 1t is this, ,
t is claimed, that causes the calm
hat accompanies this approaching
election. Formerly the people were
n an uncertain mind. They did not |
lnow which way the cat was going
o Jump, and were therefore alarmed
Is to the effect it would have on their
There has also usually
,een some strong political issue in
'olved, which attracted the attention
# the people to great extent. All
hese things, it is said, have a ten
ency to cause temporary uneasi-
less in the business world.
This time it is different. Reports
rom all over the country go to show
hat the crops have been satisfactory,
nd everything is in good shape for
prosperous year. The banks all seem
o have plenty of money. Even in
'anada a recent publication stated
hat the deposits for this year were
yer a billion dollars. George J.
iould, one of the biggest financiers
n the United States, stated just prior
D his departure for Europe a few
avs ago, that indications were that
he coming year was destined to be
amer year for the financial adj
ancement of the people.