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689

(667) 

Nov. 3/96.

Dear Plumb:

Your cable of yesterday came duly and I at once replied as follows:

“Unanimous belief in McKinley’s election. Family and associates well and send regards. Some indications better business after election.”

The Senator has been here a few days and has looked over the ground carefully, and of course the Colonel and Will also have been much interested in political affairs, so the views I cabled were largely theirs. Personally I know very little about the political situation as I have kept entirely out of even local politics. Rumors from the most reliable sources however indicate that to-day's results will ensure McKinley’s election and also show that a vast amount of common sense still exists amongst the voting classes in many of the doubtful states. Leading financiers and railway managers of the country are beginning to show their convictions by inquiring for equipment and other manufactures. Practically the only tangible thing now in the market is the Wisconsin Central Lines, 500 box cars. I am to meet Mr. Whitcomb in New York day after to-morrow, at which he expects to place his order. There is a general impression I am glad to say throughout all important manufacturing and consuming circles that, if McKinley is elected to-day, late fall and winter business will be very good and that next year will be a generally prosperous one. 

The ups and downs in the New York money market which probably have been mentioned by the English newspapers should not alarm you because its nature has been almost entirely speculative, and whenever things have required fixing the bankers of New York have quietly stepped in and made rates for call money absolutely normal, all of which shows not only sagacity but splendid strength as

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