The Caucasian. (Clinton, N.C.) 188?-1913, 1896-08-06
THE GRIP OF GOLD.
Now That Mckinley and Hobart Have
Been Nominated on y GOldbug Plat
form, The Following Dispatch Becomes
VERY Interesting.


Very Interesting.
LONDON, March 1O.-The London
Financial News says:
The FINANCIAL SITUATION In the
United States is VERY SERIOUS. The
Senate has blocked all relief meas
ures proposed by President Cleve-
land, and Congress is at dead stand
still on the money question. The
free coinage Senators are masters OF
the situation.
The condition of affairs in the
United States Congress demands the
immediate attention of British tinan-
ciers and statesmen. The TRADE Of
the WORLD is now in OUR hands, but
| it will NOT LONG REMAIN THERE II
the United States goes to bimetal-
| lie basis with free and unlimited
coinage of silver.
| With the addition of silver to the
volume OF money, everything IN
AMERICA would take on new face;
labor and industry would gain NEW
LIFE. The grip Of the gold stand
. ard on the products of the world
would be loosened and PRICES WOULD
RISE. Great Britain would LOSE HER
5 MARKETS in South America, Asia
? and Europe, and American ships
would not be long in capturing the
carrying trade of the world.
= British creditors must not apply
5 themselves quickly to the American
t money problem. The sound money
: men and banking interests, led by
y Senator Sherman, Cleveland ant
n Carlisle, with PLENTIFUL SUPPL,
n OF MEANS have been beaten. Th
IS American people are now thorough.
Q aroused and educated on the powe
l. and use of money, and MADE DEsPER
II ATE by DEBT and BUSINESS DEPREs
3 SION they are forcing FREE sILvE1
l, as the main issue.
Is Great Britain need fear no injur..
!. to her trade or Investments 1t tn
:. Republican party can force "protec
> ton tariff as the main issue IN tn
- coming campaign, but if free sllve
dominates the American mind an
carries at the polls, it will hrin
+ about a change in England that will
- be ruinous from its suddeness an
.. !" severity. The damage that can b
- done British manufacturers by
10 10 protective tariff is slight compare
- - with the disasters that would be 81
~ tailed by a change from single gol
to complete bimetallic standard.
of It is evident that the Democrat
re party will not nominate a man wh
holds to President Cleveland's ides
on money, and the only hope for
CONTINUATION of Mr.. CLEVELAND
FINANCIAL POLICY will be in the su
- cess of the Republicans in the ne:
10 election.
The success of free coinage w
n bring down the rate of interest
Iv money. and cause an immediate ri
re- in the price of all commodltie
nv When silver becomes primary mon'
al. the American mines will pour the
ev products into the mints, and M
NO ERA similar to that produced by t.
in issue of greenbacks during the ci'
ich war will begin. Gold will leave t
AVS banks and enter into competiti
not with silver in the avenues OF trao
I'M and the manufactures of the Unit
,em States, which have been shut do
or crippled since 1892, will AGA
the RESUME their Sight for the Engl
me markets.
ven It is doubtful whether the Rep
NAL lican party can be held much lon
not in check by sound money statesm
or l as it's adherents are divided by p'
con- erful factions. The Democrs
heir party is also breaking up under
hem weight of the free silver agitati
was It matters not to great Britain wh
and party succeeds if the GOLD STA
ula- ARD is MAINTAINED, but either
old the old parties or new party WI
ain goes into power pledged to F
ifice COINAGE will be inimical and pr
heir dicial to English manufactures
held trade.
;ate, The American people cling with '
m as derful tenacity to party organ
ltion tions hnt FINANCIAL EMBARR
con- MENT and BUSINESS sTAGNAT1oN
become TOO SEVERE for their
,ator tience. and they are ready for
WITH CHANGE that PROMISES RELIEF.
was are becoming convinced that 1t
per- not be found in the protection the
citi- az that has been TRIED. and they
been massing now dn FREE SILVER. "
would that issue comes FAIRLY before
cause AMERICAN PEOPLE, England will
has gret her apathy and adherenc
crats the single gold standard.
|emo- -.
me of The nomination OF a feopies
Ad- ty State TICKET TINS year VIII
.tron- more interest," tnan anytning
in re- has occurred IN tne o!a.e " "
most this great pol1tlcai Pe!l1o' ~
ty has want this WORK oone i,sn.' soc
at Re- your delegates are "aue aS4ua
re- not with your WISHES, anu tnat
, Re- come to the conventlon'