I agree almost completely with Puryear, the 30-06 while a boring round (to me) and I owned a Winchester Classic Boss in the caliber is more than enough for Elk. Since you have already bought your 1895 I believe you made the right choice and now it's time for the next rifle ..something flat and fast like a 270 or 7mm WSM.
Also, I ran the numbers on the recoil comparing my 1895SS 45-70 and my buddies Winchester Classic Super Grade 338 Win Mag and the 45-70 was still the ft-lb king but below 3" Mags in a Win 1300 Defender IIRC. He is still in denial but I used actual gun weight, highest fps load with the heaviest bullet in the 338 from Nosler's most recent manual.
If you want to check for yourself and have fun with a free program, Google and download Pointblank ballistic software. You can also simulate trajectories and change parameters on the fly.
[This message has been edited by SV (edited 4/15/2009 8:31p).]
[This message has been edited by SV (edited 4/15/2009 8:34p).]