The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-07-27
Chauncey DepeV Interviewed in
London.
Harrison and Cleveland to Be the Next
Presidential Candidates.
success Of the Republicans Predicted The
Mckinley Bill and the Silver Question.
Position Of the Two Parties.
sreoiai to THE MORNING CALI

LONDON, July 26.-An interview with
Chauncey NJ. Depew was published in
London paper on Sunday morning. Depew
deprecated the suggestion that he was likely
TO be the man TO champion the Republican
cause in the next Presidential election in
the United States. He said he believed
Harrison would carry the election as the
Republican candidate. "Mr. Blaine" he
continued, sis the strongest man politically,
and most popular, but still, in my belief,
Harrison will be renominated That is my
decided opinion, no matter what candidates
other than Harrison may be spoken about"
When asked who the Democrats were
likely to nominate, Depew said he beliyed
Cleveland was the most likely candidate,
but that the Democrats would not be as
unanimous for Cleveland as the Republ-
cans would be for their candidate. Bad
times, Depew said, would disappear under
the assured prosperity of the farmers. The
Mckinley tariff will do very great deal to
carry the election for the Republicans. Es-
peeially will the reciprocity clause do a
great deal. Harrison would win ON the
tariff and silver questions. Certainly the
Republicans erred in passing the Mckinley
Dill just before an election. The worst eff
fects OF the bill were felt at once, just in
time to cause Repu blican defeat. But it
was not Democratic majority, but a ma
Jority Of Democrats and crauks. American
politics were very mixed just then. Now
they are clarifying and the benefits of the
mckinley law are becoming felt As an
Illustration the Farmers Alliance is an out
come
" Then am to understand the Republi-
cans viii stand strongly by the tariff ques-
tiOnP"
Certainly. You will ask Inc what pro-
gramme Democrats are TO oppose to us. On
this point they will advocate a modified
form of free trade; tariff for revenue. not
protection, sufficient tariff to keep the Gov
ernment going without any regard for safe
guarding American industries. Now let ME
pass TO what will be the second plank in
the Tight for the Presidency. L mean the
silver question, or bmetallsm, as you
would call it in England. Upon the silver
question the Republicans are practically
unanimous, while the Democrats are d.
yided among themselves.
What Will be the Republicans pro-
pGsals? Shortly, that we shall coin only
silver produced IN America. BY this means
We should keep ourselves on gold basis,
which Is the standard basis of the world.
The Democrats Will propose TO coin all the
silver, not only what is produced in America
but also what comes into the country. They
would make silver equal to gold, which we
Republicans say would ultimately cause
confusion and bankruptcy. The Democrats
say it would mean the Improvement of trade
ana the conditions of the people, since there
would be freer circulation of currency"
"One last question, Mr.. Depew. not con-
nected with American politics, but exceed
ingly interesting to the commercial people
OF England, why have American railroad
StOcek been going down recently on the
Stock Exchange?"
- can't explain that in n sentence. The
trend downward is merely temporary We
have sent S7S.000,0O0 of gold to Europe
within the past few months, and money
went West to move crops. Consequently.
there Resulted stringency of GOLD in New
York. Whenever that occurs rails 90 down.
Now good crops are assured, gold is return
Ing, and American railroad stocks will
shortly be better than ever before"