The Summerville news. (Summerville, Chattooga County, Ga.) 1896-current, November 11, 1896, Image 2

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MM AND DOBART HAVE BEEN ELECTED r- It Is Now Certain That the Ohioan Will Occupy the Presidential Chair. MAJORITY, HOWEVER, 13 SMALL Republicans Sure of Two Hun dred and Sixty-Four Electoral Votes. RETURNS ARE STILL INCOMPLETE Bryan and Scwall Undoubtedly Have One Hundred and Thirty-Five Electoral Vote* and They May Gat Store—Twenty Six In IJoubt—The O. O. F. Invades the | Solid South and Captures Kentucky, Maryland and West Virginia. Chicago, Nov. 4.—lt is reasonably cer tain William McKinley and Garrett A. Hobart are elected, that the majority is likely to be, from all indications, a nar- fF? wk vH. ( IK. ’’a *' Iff Ar- WILLIAM M’KINLEY. [President-Elect of the United States.] row one, a much narrower one than was looked for as the result of earlier dispatches. The following electoral votes are conceded to McKinley: Con necticut, 6; Illinois, 24; lowa, 13; Maine, 6; Massachusetts, 15; Maryland, 8; Michigan. 14; Minnesota, 9; New Hampshire, 4; New Jersey, 10; New York, 36; Ohio, 28; Pennsylvania, 32; Rhode Island, 4; Vermont, 4; Wiscon sin, 13. Total, 220. The three votes of North Dakota ap parently belong to McKinley and the same may be said of the three votes of Oregon and the 13 of Kentucky, but in all other cases the returns are too inade quate to justify a definite conclusion. The following votes are conceded to Bryan: Alabama, 12; Arkansas, 8; Col orado, 4; Florida. 4; Georgia. 13; Idaho, 55; Louisiana, 8; Mississippi, 9; Missouri, 17; Montana, 3; Nevada, 3; South Caro lina, 9; Tennessee, 12; Texas, 15; Utah, 3; Virginia, 13. Total, 135. Nothing but the most meagre and scattering reports have been received from California, 9 electoral votes, Kan sas. 10, Wyoming, 3, and Washington, 4, so neither party can as yet claim these states. North Carolina, with its 11 votes, is claimed by both sides, but has probably gone for Bryan, as also has South Car olina and its nine votes. The situation, therefore, may be re duced to this: Certain for McKinley, 220; almost certain for McKinley, 18; indications for McKinley, 35. Certain for Bryan, 135; probably for Bryan, 123; doubtful, 26. KENTUCKY. Louisville, Nov. 4.—Kentucky seems safe for McKinley, though the majority is close. In 1.265 precincts out of 1,663, his plurality is 3,506. The counties not heard from are: Les lie, Fiord. Johnson, Knott, Magoffin, ! Pike, Butler. Greenup, Harrison, Jack son, Owen and part of Henry. These include some strong Republi can as well as some strong silver coun ties, but the heavy Republican gains everywhere seem to make the state safe for McKinley, although the result is close. Taking the estimate of the missing counties, made several days ago by Chairman Sommers of the Democratic committee. the McKinley majority of the missing vote is 1.235. This would give the state to McKinley by 4.744. The Democrats have elected six out of 11 congressmen. They are Charles K. Wheeler. First district; J. D. Clardy, re-elected. Second district; John S. Rhea. Third district; David Smith, Fourth district: Albert S. Berry, re elected. Sixth district; Thomas Y. Fitz patrick. Tenth district. The Republicans have Walter Evans, re-elected. Fifth district: Thomas Pugh, Ninth district; B. M. Davison, Eighth district, and David G. Colson, Eleventh district. The result in the Twelfth be tween W. C P. Breckinridge and E. E. Settle is yet in doubt The Republicans will have a majority in the general assembly, thus assuring the return of a United States senator to succeed Senator J. C. S. Blackburn. S. R. Crumbaugh (Rep.) succeeds Senator J. I. Landes as senator from Christian and Hopkins counties. George Nell (Rep.) will serve Clinton, Crumton, Adair, Russell and Wayne counties. The vacancy was caused by the death of Senator E M. Ne.l. R. P. Stoll (Rep.) was elected in Lexington. J. L. Mosely, whose home was in Christian county. J. C. Napier (Rep.) was also elected in Garrett county. T. R. Winship (Rep.) was elected in Adaxr and Cumberland. Larue was the only county in which a silver Democrat was elected. Repre- ; sentative George Dieberth’s place wa.t filled in Campbell county by the elec tion of a Republican. L. C. Linney (Rep.) was elected in the Thirty-eighth j district of this city, to the vacany ere- ' ated by Senator Weifsinger’s death. The Republicans originally had 68 members. They lost five by death and resignation, and they gained seven. This gives them 70 votes on joint ballot. An extra session will certainly be held, for Governor Bradley has said so, and his party will demand it. He will probably be a candidate if he can sea ] his way clear. Mr. St. John Boyle ' claims the Republican nomination. There is much talk, however, of giving the honor to Secretary John G. Carlisle. , NEBRASKA. Omaha, Nov. 4. —While Bryan has ’ probably carried Nebraska by a small plurality, Republicans are not conceding that fact, since less than 300 of 1,554 precincts in the state have been heard from. A definite result cannot be known before night, but Bryan is steadily gaining in most of the remote rural districts yet to hear from His majority, however, shows decreasing majorities us the count progresses. It is conceded that Bryan’s greatest strength is there, and it will probab y overcome the 2,000 plurality McKinley has in Omaha. The feature of the con test is the enormous vote polled, proba bly 10 per cent heavier than at any previous time. This is attributed to the element which has heretofore refused to partici pate in elections, but which the final issue of this campaign brought forth. As a result of the generous manner in which the state ticket was scratched, little can be definitely determined be fore night as to the result Holcombe, Democratic Populist gubernatorial can didate, is probably elected, as he ran ahead of Bryan in many sections. The probabilities are that the state ticket is divided between two parties and will be close on all results. The legislature, I however, is largely Ropu’oii an. In the congressional districts, while little is definitely known except in the Fecond, where Mercer is re-elected, ] there is little doubt that tl.c Republi cans have elected four o' 1 the remaining live congressmen. Maxwell, silver] Democrat . n the Third, is probably elected, The complete white vote will probably exieed 230,000. The heaviest vote previously polled in Nebraska was in 18l>4, 210 000. In view of the intense excitement i n Nebraska, it is considered remarkable that no disturbances of im portance occurred election day. Chairman Post, of the Republican state committee, at 10 o'clock, conceded Nebraska to the fusion ticket on presi dential elec-ors and governor, but he says that neither Bryan nor Holcomb —the latter being the fusion candidate for governor—will have anything like the plurality claimed by Dahlman and Edis ton, Democratic and Populist chairmen. He says the representative and congressional tickets are in doubt. It appears quite certain, however, that the Populists will get four if the six congressmen, and they may have five if not the entire six. MISSOURI. St. Louis Nov. 4. —Missouri returns are very in complete, but it is known, without a doubt that St. Louis has given McKinley from 12,000 to 25,000 plurality, the former being conceded by the Democrats and the Utter claimed by the Republicans. There seems to be no doubt that t ,vo of the three congress men in St. bouis will be Republican; Hartholt in ‘he Seventeenth district and Pearce in tne Twelfth district. Con gressman Jcy, (Rep.) appears to have been defeated by Hunt (Dem.) accord ing to the latest returns. The lateness of the returns from the city and the state is due to the compli cations in the election law, recently en acted and put into force for the first time at *this election, added to this the cutting out of the vote on the four con stitutional amendments causing a loss of time, each having to be taken up separately. Indications are that all these amendments are defeated. Less than one-half of the election pre cincts in Missouri have been heard from. They show a lead for Bryan, which Chairman Cook claims give him the state by 7,000 majority. He also claims the election of 12 Democratic congress- GAIRET A. HOBART. [Vice President-Elect of the United States.] men outside of St. Louts and the full st;.t ■ ticket, with Evans for governor. i In the state, the only definite returns as to congressmen are the Third and Fourth districts, the Democratic candi ! date being elected in each. Dockery was re-elected in the Third and Coch- I ran re-elected in the Fourth. Ou the > other hand, the Republicans claim that the state is in doubt. The returns thus far received show a large increase in the vo'e for both par ties as compared with the vote of 1892 and the Republicans assert that the ad vantage is largely with them. Lewis, the Republican candidate for governor, ran aheac. of the national ticket in most of the country districts. INDIANA. Indianapolis, Nov. 4. —Four hundred out of the 3,116 precincts in Indiana, outside of Marion county, (Indianapolis) show a net Republican gain of 4.179, or a little over ten to a precint This ratio of Republican gain has kept steadily up, and if it continues it will give the state to McKinley by over 30.030. With such a heavy Republican vote all over the state, the Republicans have probably elected a'.l the congressional candidates, though there is doubt about I Sulzer, in the Fourth district; Trace- I well in the Third and Landis in the Ninth. There is little doubt that John son is elected in the Sixth. The Repub licans will have a majority in the legis turn, which the Republican managers place at 42 on joint ballot, Marion county will probably give a Republican I ] majority of 7,000, and this is a big in crease over the last vote. The ratio of Republican gain in this state has stood in the neighborhood of I ten to the precinct since the election re -1 turns began coming in. While not one fourth of the state has been heard from, the returns already m are sufficiently scattered to indicate pretty definitely ] that McKinley’s plurality will not fall i below 25,000. The heaviest gains were iin the cities and towns. It is impossi | b’.e to state just how many congressmen I the Republicans have elected, or just how the legislature will stand, but there ] is little or no doubt that the Republi cans will poll a big majority of both. MICHIGAN. Detroit, Nov. 4. —Returns incom plete as yet from the 83 counties of Michigan, indicate McKinley’s plural ity in Michigan to be 40,00). The same returns give Pingree, for governor, an e-’tiniated plurality of 58,000. That Pin gree should have run decidedly ahead of lis ticket generally through the state is regarded as something of a surprise, I MARCUS A. HANNA. [Who Managed Republican Campaign.] in view of the combined interests allied against him. In Detroit Pingree got more votes than he had ever receivedin his candidacy for mayor. The Repub lican state ticket ran considerably be hind Pingree’s vote and several thous and behind the McKinley vote. The Republican members of congress are elected in each of th > 12 districts of the state except the Third and Eighth; in the Eighth the issue is still between Congressman Linton and Drucker. I Wayne county elected her entire Re | publican delegation to the legislature, ten rerepsentatives and four senators, al though ex-Mayor William C. Thompson for senator narrowly escaped defeat. The legislature will be overwhelm ] ingly Republican, but by what majority ] is not yet determined. CALIFORNIA. San Francisco, Nov. 4.—California has joined the east in the McKinley landslide and its majority for the Re- ! pub lean standard bearer will pass a,ODO , at least. Many of the counties have not 1 yet sent in returns, but the more popu lous and those in which the fate of the elections hinged have been heard from ' and sweil the Republican majority to a point where nothing to come later can possibly disturb them. Los Angeles, which was the strong- I hold in the southern tier of counties, is estimated as giving from 1,200 to 2,000 majority for McKinley. Great interest is centered on the congressional ticket. Outside this city only one Democratic representative seems to have been chosen. The legislature has gone with the general result and may safely be classed as Republican and insures the return of a Republican to the United States senate. WASHINGTON. Seattle, Wash., Nov. 4.—The Popu lists are claiming eastern Washington by 5,000 majority, based on esitmates of less than half of the count. The most j populous counties in western Washing ton are giving McKinley small majori ties. The Post Intelligencer returns in dicates that Bryan has carried the state by a majority of 3,C00. Sullivan, Republican candidate for governor, concedes the election of Rog ers, his fusion opponent. Bryan and fusion state ticket apparently carried the state by a majority of less than 5,000 and will control the legislature. Complete returns from 59 precincts in I Washington outside Tacoma and Seat tle give McKinley 2,890; Bryan 3,320; Sullivan, Republican candidate for gov ernor, 7,819; Rogers, fusion, 3,413. COLORADO. Denver, Nov. 4.—Scattering returns I show that Bryan and Sewall carried Col orado by over 100,000 majority in a total ■ of about 175,000 votes. No effort has yet been made to tabulate the returns, i I The Democratic-Silver fusion state ' I ticket, headed by Adams, Democratic 1 candidate for governor, apparently has i a plurality of 12,000 over the Populist -1 Silver party fusion ticket. Bailee, Populist candidate for gov- ( - erncr, carried this (Arapahoe) county by about 1,200 plurality, but most of the > other populous counties give large ma : jorities for Adams. The McKinley state ticket got fewer votes than the Repub i lican electors and Waite, the “middle- - of-the-road Populist, was a poor fourth ! in the race. WEST VIRGINIA. j W. Va., Nov. 4—There is absolutely nothing received at Demo cratic headquarters by which a major ity can be based by either party. A few . telegrams received by Secratary Olney announce gains, but not enough conn- • ties have been heard from to form an ) idea as to the result The Democrats r claim the state by 8.000 and the Repub -3 licans by from 10.00-J to 18,000. t \ Returns from the state, which are ’ j dow, show Republican gains over 1892. * 1 and there is a strong probability that ; the state has gone for McKinley. Wet zel county, which gave Cleveland 627 majority, will probably not exceed 300 for Bryan. Gilmer county gives 850 Democratic majority; Mineral county estimated 800 Republican; Brooke . county 180 for McKinley. ARKANSAS. Little Rock, Nov. 4.—The fusion ticket in Arkansas was elected by a ma jority of from 25,053 to 80,000 Ret »'ns from over the state indicate that about I the usual v >te was polled. The Democratic candidates for con gress were elected by good majorities. Terry, in the Fourth, receiving about 8,000 over Waters, Republican; Mcßae, in the Third, carried one of the strong est Republican precincts in Hempstead county. It will be several days before all the election returns aie in from the back counties, but from die figures at hand, the Democratic majority is con servatively estimated at 25 000. The three Populists on toe ticket ran about 2,000 behind the Democratic, which about represents the gold stand ard Democratic strength in the state. KANSAS. Topeka., Nov. 4.—lt seems practically certain that Bryan has carried Kansas by a small majority. Chairman Breiden thal of the Democratic state committee claims the state by 13,000. Chairman Simpson, of the Republican state com mittee, however, refuses to surrender and declares that complete returns will show a victory for the Republicans. The Democrats claim the election of congressmen in the Third, Fifth, Sixth and Seventh districts by majorities from 2,500 to (>,OOO. The First district is con i ceded to Broderick ( Rep.) and the Fourth is classed doubtful. Returns i generally indicate Republican losses. LOUISIANA. New Orleans, Nov. 4. —The election was the most peaceable and quiet ever held in this state. In the country par ishes the Australian ballot had the effect of keeping many negroes away from the polls, resulting in a light vote. With half a dozen polls missing Bryan’s majority in the city was 10,000; his ma jority in the state may exceed 80,000. A full Democratic delegation is elected ' to congress. WYOMING. Cheyenne, Wy., Nov. 4.—Thirty nine Wyoming precincts give McKinley 1,400; Bryan 1,45'2; Democratic gain of 281. Incomplete returns from two pre cincts in Evanston and eight in Lara mie give Democratic gain of 632. At this ratio the entire state will give Bryan 1,800 plurality. Congressional and state tickets are pretty nearly the same as the electoral ticket. NEW YORK. New York, Nov. 4. —New York state approximated the most sanguine expec tations of the Republican campaign managers, the only crumb of comfort; remaining to the Democrats being five’ congressmen elected in this city. The ; closest estimate it is possi lo to make indicate that McKinley’s plurality in the state over Bryan will exceed 250,- 000. OREGON. ; Portland, Or., Nov. 4. Nearly three-fourths of the total vote of Ore ' gon has been received. ‘ McKinley, 32,- 123; Bryan, 27,400; McKinley plurality, 4, 724 Palmer’s vote in the state will be about 100. It is estimated that the precincts yet to be heard from will re duce McKinley’s plurality 1,500, mak ing his plurality in the state 3,200. OHIO. Cincinnati, Nov. 4. —Hamilton coun ty, 0., complete gives McKinley 57,782; Bryan, 88,003; Palmer, 186; McKinley’s plurality, 19,779 Shattuc (Rep.), con gressman First district, has a plurality of 905; Bromwell, Second district, will be elected by 9,299. The pluralities for Republicans on the state ticket are al most the same as for McKinley. GEORGIA. Atlanta, Nov. 4. —Returns from the state are coming in more slowly than »•- ■ ' jfy -k'ssN. '-'4. . <•? J ‘ I / WILLIAM J. BRYAN. / [Defeated Candidate For the Presidency.] usr. il. The party managers are making I noiffort to collect them, and they will I be i.lowed to drift in through slow official sources. The Democratic ma jority will probably be about 25 009, and all of the 11 congressmen are Democrats. TENNESSEE. Nashville, Nov. 4. —Returns from the state are very meagre. The Demo crats are claiming the state for Bryan, and there is a probability that he will get a small plurality. The Republicans still claim the state by a small plurality and are more confident of the election of their candidate for governor. SOUTH DAKOTA. Yankton, S. D., Nov. 4. —One hun dred and fifty-six out of 1,007 precincts in South Dakota give McKinley 10,632; Bryaa 9,411. On the same ratio tk«. state will go to McKinley by only iX the country precincts may wipe this out. ALABAMA. Birmingham, Ala., Nov. 4.—Full re ; turns have not yet been, received from every county in this state and no esti mate based on any actual count of votes can be safely made. Bryan, however, has carried the state. NEW JERSEY. Newark, N. J., Nov. 4.—Chairman Murphy of the Republican state com mittee claims the state by 40,000 plural ity for McKinley. Chairman Price of the Democratic committee will not con cede anything. TEXAS. Dallas, Nov. 4.—The count is slow, nothing official can be obtained and it is hard to ascertain the result in Dallas. Bryan will carry the state by nearly 50,000, with the Democratic state ticket. MINNESOTA. Minneapolis, Nov. 4. Congress: Fifth district, Loren Flether, re-elected. Hennepin county gives McKinley 4,000 majority, while for governor, Lind, fusion, will get nearly 1,000 majority. FLORIDA. Jacksonville, Fla., Nov. 4.—Bryan gets 10,000 majority in Florida. The first 23 precincts out of 632 give Bryan .A ARTHUR SEWALL. [Defeated Candidate For Vice Presidency.] and Sewall 1,262; Bryan and Watson, 17; McKinley, 570; Palmer, 107. NORTHJDAKOTA. Eargo, N. D., Nov. 4.—lndications are that the state will give from 3,000 to 6,000 Republican. Johnson is re elected to congress and the whole Re publican state ticket is elected. NORTH CAROLINA. Raleigh, Nov. 4.—The returns up to 2 a. m. indicate that Bryan has carried North Carolina by 10,090. The returns at that hour were not complete from the state. SOUTH CAROLINA. Columbia, S. 0., Nov. 4. —The election passed off quietly in this state. The Bryan people had everything their own way. VIRGINIA. Richmond, Nov. 4.—Bryan’s majority is probably 25.000, Eight Democratic congressmen are certainly elected. CANTON GREATLY EXCITED. McKinley’s Home City Goes Wilt! Over the Result of the Election. Canton, 0., Nov. 4—Canton is in a fever of excitement. On all sides there is an uninterrupted din of scieeching steam whistles pulled open to their full capacity and tooting a savage cheer; bands and drum corps marching and counter-marching, uninformed and uu uniformed clubs parading, and artillery companies shaking the town with can non salute. The town people en masse joined in the demonstration of rejoicing over the result of the election. What ever doubt there may be as to the result of the election, Canton is convinced that their townsman, Mr. McKinley, is the president-elect of the United States. Major McKinley was about the house by 8 a. m. after a three hours’ nap broken by the demonstration made around him. At 4 o’clock he stood on roof of the porch reviewing the Tippe canoe club. It was a stirring scene in the gray of the morning. Major Mc- Kinley took a final survey of the esti mates up to 4:15. There had been marked fluctuations after midnight. But in any view of the situation, the feeling about the McKinley home was that the contest was over. In order that the Major and Mrs. McKinley might have rest. The members of the local Republican committee were on hand to keep away visit* et” delegations until later in the day. A curious crowd filled the sidewalks and the streets at the home, but no visi tors were admitted. Telegrams by the hundred accumulated through the early morning and were delivered in huge bunches. They were mainly congratu latory with some additional advices on the situation. Word came that Oregon had given McKinley a majority of 7.090 and that Louisville would give a major ity of 13,500. In a general way the returns led to the conviction by Major McKinley’s closest friends that 239 electoral voles were assured beyond peradventure, 48 more were regarded probable for Mc- Kinley, and 18 doubtful. Those regarded as certain are: Con necticut, Illinois. Indiana, lowa, Min nesota. Maryland, Massachusetts, Mich igan, New Hampshire, New Jersey, New York, Ohio. Oregon, Pennsylva nia, Rhode Island, Vermont and Wis consin. These counted as probable for McKin ley are: North Dakota, South Dakota, Delaware, Kentucky, Montana, Wash ington, We*t Virginia and Wyoming. The doubtfe? Kansas and Ne braska. Joseph Smith, political secretary of I Major McKinley, says; “The electoral vote of McKinley and Hobart will ba somewhere between 259 and 854, leav ing to Bryan and Sewall not mor* than 92 to 158. In my confident judgment, I McKinley and Hobart will receive nearly, if not quite 1,500.000 plurality of the popular vote.’’ ADMINISTRATION PLEASED. Cleveland and His Cabinet Satl.ftad With the Result of the Elrclion. Washington, Nov. 4. —There was an air of unconcealed satisfaction in ad ministration circles over the result of the election, yet this was tempered in many instances with pity. From the president in the White House down to the lowest official there was an indispo sition to exult over the defeat of their oldtime political associates, and the members of the president’s official fam ily preserved a dignified silence in the hope of thus making easier the task set for the future heal of the breaches in the party. All of the members of the cabinet who were in Washington remained with the president in the white house until 2 a. m. listening to the reading of the re turns from ths Associated press and other sources by Private Secretary Thurber. By that Inur they had satis fied themselves completely” as to the general result. The cabinet officers refused to make any statement as to their views of the election. As for the president, Private Secretary Thurber said he had com menced the preparation of his annual message to the congress and, as has al ways been the custom, he would bo obliged to deny himself to the public until it was completed. The month of November is usually devoted to this purpose. EX-MAYOR HOPKINS TALKS. Says Ho Does Not Kejoico In McKinley's Victory, but In Bryan's Defeat. Chicago, Nov. 4. “We know,” says John P. Hopkins, chairman of the gold Standard Democratic committee, “that McKinley has received an overwhelm ing majority in Illinois. This is not a surprise to those who had an opportu nity to observe the trend of public opin ion in this state. The Palmer and Buckner vote was insignificant, which is a matter of no surprise to the mana gers of the sound money campaign in this state. “Democracy and the Democratic par ty still lives; its principles are eternal. I do not rejoice at McKinley’s victory, but Ido rejoice in Bryan’s defeat. Our committee will meet this week and pro claim to the people of this state and to the United States that we are Demo crats and claim to represent the Demo cratic faith. We have no donbt that the conservative element of the party will assert itself, and now that Altge-ld ism and all it represents has been ut terly repudiated by our state, the sober sense of the people will assert itself and the Democracy will be re-established on its ancient lines. “I rejoice as an American citizen that the capacity of the American people to govern themselves in peace as in war has been demonstrated by the most cru cial test to which the republic has been subjected.” NEXT HOUSE FOR GOLD. Yellow Metal Have a of One and One. Chicago, Nov. 4. —The Timesrilerald gives out the following table as to the complexion of the next house of repre sentatives: Republican, 229; Democrat- Populists, 128. Majority over all, 101. Divided as follows: Anti-silver Re publicans, 226; anti-silver Democrat- Populists, 3; for silver, Republicans, 3; for silver, Democrat-Populists, 125; sound money majority 101. From returns thus far received, the next senate will stand as follows: Re publicans 42; Democrats 82; Indepen dents and Populists 11; doubtful 5. To tal 90. PAYNE IS HIGHLY ELATED. Thinks the Country Is to Be Congratulated on the Result of the Election. Chicago, Nov. 4. Mr. Henry B. Payne of the gold standard Democratic executive committee was highly elated over the result and said: “The country is to be congratulated that the majority is so great that it will inspire confidence in business circles. Too much praise cannot, in my opinion, fc?. ~ w H A' JAMES K. JONES. [Who Managed Democratic Campaign.] be given to patriotic men who have broken away from their oldtime affilia tions to support our ticket. “It is not to be forgotten that our adopted citizens have contributed their full share towards this splendid victory. ” ECKELS ON THE RESULT. *lhc Comptroller of *he Currency Is Not Surprised at the K-publ.rao Victory, Chicago, Nov. 4 CmnptroTer Eck els, who was at the national Demo cratic headquarters, said: “I think the result is just what might h-ave been expecte 1. When the ques tion was put to the voters: ‘Will the American people pay their debts?’ it has always been decided that they would. We pay our debts. The nation pays its debts. The importance of the result in the business world is that it means the rehabilament of American credit abroad. That means investors a e willing io put their idle capital in our enterprise.