New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-10-30
AMERICAN CREDIT ABROAD
THE BRITISH PRESS ON INITIATION

NEUTRALITY-SUSPICIOUS. INFtSi'Ho 'i'ni'' '
| rsrfp-sEcTARIANIsM IL EUROPE.
,,o,, rup pror,t An CORRESPONDENT TIE TRIBUNE
Io>Doy Oct l4.-lho good news from ONO u
HEARTILY welcomed by Americans and by all lriehds
| of America in London. As 1T ~ probable no ques
tion touches our credit abroad so nearly as tha' Vi
| financial honesty, 80 no recent event h'S oo"-
tributed 80 much to enhance the reputation Oh our
country abroad as the defeat of the iniiationists
| We all accept it IA final.
The comments of the English press on the victory
aro all pretty much in one tone The morning papers
dscusst at length. They agree in regarding u as
nroof of the good faith and good sense of the people
| of Ohio Such differences as there are II these
views are upon minor points, not upon the main
issue. Not long ago, The Standard was OF opinion
that the success Of tho Democratic party WAS to be
desired. notwithstanding it, support of Imitation.
To-day it il a convert to events and finds the result
of the election looked III in its broad aspect from
the point of view Of impartial foreigners, einentiy
| satisfactory As TO the Impartial foreigner 1t
| may be remarked that s'ch person does exM-in-
deed, his impartality in vast number OF IN
| diyiduals amounts to complete indlterence-Du1
| he seldom or never makes his appearance III
the columns of the Tory organ. 4 he partiaiity
| which it 30 steadily maintained in favor OF the Con-
fcdcr,cy il has transferred with undmniShed feryor
| to the Democracy Of the North. Ont OF the nettie
| defeat-to change the quotation sGghtly-it plucAs
| the flower comfort and is inclined to believe that
tho reverse in OHIO will in the long RIM benefit the
| Democratic party; rs indeed it undoubtedly MI,
though not precisely in the sense Intended ~ rs
Tory friend over here. But The StqHdad Ike Other
journals secs clearly enough that reputation was
mixed mp with imitation, and it holds np TO just
| rcprobation the speakers in OHIO who songht TO
r,use obi i'm against the public creditor II remarks:
Very large numbers OF Englishmen have invested ihor
savings in American securities OF al kind an II Is
mated by III feeling such investors teye al. 70 Sc
cure position in which thy might hyo Dc," p9 ~,
aud Tough; ont the battle aal ~ hey have been sE9,y
defeated we may hope that TNionsls ana tpNl'tIoh-
/ iats viii disappear from American pOhlc'
In which it is pleasure to be able 10 agree with
ont any qualification whatever. So Of lis trbnte TO
Mr. Gail Schnrz whose powerful Influence in the CON
test inst ended d recognized Mr.. Thurman and Mr..
| Hendricks. thanks to Their weakness on question
of principle for partys sake have to bear to b. told
that the control of the party passes b. right to
Gov. Tilden.
In the opening Of The TINE, leader there is note
of symnathy often to be heard in these days III It's
discussion on American aifairs:
The politics o. the United stats baye so many POINTS
Of o0niac OF sympathy with ENGLISH iic1s and interests
that their dryordnce from Formidable danger M mat
ter Cor which We are 1ound to De tlnnig ! 81, ~ T,o
| day. may bs supPoscd 10 have pro icdN srt, tIe
| mn 81
ami The eytf doctrine OF state l;-ni were hl!F OK
| poGod 10y the defeat OF tins C"iicieidrJ'
| Tie Tine examines at length the situation AMI
the events which have led mp 10 IT, lis article ind-
cafe.-as do otlers--a careful study Of Mr. Horace
Whites letter of Tuesday to The Daily Ners; letter
the value Of which has scarcely been nparcdby its
mistaken expectation OF a Democratic victory. The
| Tipes is willing to believe that Gov. Allen and Mr..
Kelley did not mean to injure fUrsign interests but
reminds them that their arguments bear starting
fc, mblance 10 the commuhistic theories OF Euro
pean fanatics. The most lenent Wow ona can take
! +, that they did not moan all they sau. Nor are
tbcr follie. 10 be- Justly charged upon the American
people Remarking now difficult il would have been
10 entertain an entirely hopeful view Of the political
| prcspncts of tho United States IL young, pro
| pressiye and Presumably Intelligent community
| like Ohio had committed by deliberate vote
20 the support Of schemes which ere not simply foil
ISL, but have an unpleasant SAVIOR Of dishonesty
! about them, Tie 9imos observes acAtrlJ:
The defcat OF Gov. Allen proves that these dangers
not after al. 80 urgent ~ had ncen ehrndei'
ual.ir. hight Hr2iyh ne Gp'NB nj me- sJH26itV OF
tl mass the American people, VINO nave sLo"n neD-
selves once a.n, as often brure to be shre"d ah'i
,ea.y ia their grasp of the main actse 81 orderly govern
,oeit, social stability. and economical advancement
Taos, pie ne results oi witch 49, americans hlve mnst
reason be proud aud in the dcDionsi 1lon Of whicA
! we heartily lie Oice
!
orcns for the publication OF parties, the breaking up
| Of R,ugs, aud The nomination next year Oh both
sides Of Presidential candidates Of high character.
! So much abortion as the Ohio contest has at
| tracted in England is seldom. ~ TIE Daily AeCs
pnin;s out bestowed on State conflicts. The reason
Of The interest row felt is clearly given:
Tho civilized world has tile IL Inc Character Of the
Government and ic-siIlto u the bultrd states, auG
womb be pfeluioed %, any ltsl iccoH, on .Vc 10 hc
dishonest pn'posal> regarding The clunsy wacd have
of late iv0r among slnc classts 81 public mon "a
An'cricl 1b,s ohio election has iHIr'd upon lhore
proposals and II mas Dn nntc't'3d on al han That
lls I.su would have fei! aeciae' mn'ol's '""sHoul
| the Union.
The result is regarded by this Liberal Journal as
equivalent to the rejection Of the seml-tomn!uns-
tic principles % the infitcuiste by The people Of
the Union remark almost idontical with that
! have iust quoted from The Tines. | -licye Mr..
| kelley an1 Gov. Allen look upon all British news
papers in the pay OF the RO;h,chltds aud OF other
| evil disposed persons who are guilty Of owning
money and of having lent some of II to Us when We
wanted ii badly. Thoy viii probably, therefore, re-
gard it rs merely b'oated bondhold-r's opinion
which The Daily Aeics expresses, that the imitation
policy is ono OF the widest schemes !Or perpetratng
| robbery OF which the word has heard for long
time Yet they may be certain that that Intelligent
and influential paper does not 20 beyond the truth
in assuring us that their pTojecta for degrading the
| currency and dcfrauding the public creditor have
grieyed tho best friends Of the United States That
| they have cost lis many millions Of dollars, some of
which GOV. Allen and Fir. Kelley and their friends
must pay, win possibly affect them more when they
come to their senses and look the facts in the face.
Tho opinions expressed in the other principal
papers are 40 uniform with those that analysis of
each il scarcely necessary. The Daily Telegraph de-
! ca,cs that death blow has been dealt at a most
| perncious financial doctrine, and that herein the
whole wo. Id may be fairly said to have had IN inter
est in the Ohio election since il has determined the
| future policy of the Union vital point" 1t sees