The Progress., 1896-08-29
THE GRIP OF GlOD.
Now That Mckinley and Hobart
Have BEEN Nominated on Gold
bug Platform, the Following
Dispatch Becomes Very
Interesting.


London, March lO-The Londo
fluantra| News says: The iiuancie
sltuation in the Un,tad States il YER
serious. The senate has blocked a
relief measures proposed by PresI
dent Cleveland. and congress- is at
dead standstill on tho money ques
ton. The free coinage Senators AZ,
masters Of the situation The con
d'tlou Of affairs in the United State
congross Demands tho Immediate at
ten'lon OF thu British Gnnnc,era nnl
statesmen. Tho trade Of tho worl,
IA now ~ QUE hands. but It will not
long remain there If the United States
goes TO n hlmotnlIlc basis with fro,
hhh nn'lm'l"d coinage Of alvn,
With the addition of silver to tue
volume Of money. everything i,
America would alln on Il now face
'"h"r and industry would gan now
"'"' tn" grip Of tho gold standard
on tie world would hp loosanel and
prices would rnlse. Great Britian
would loose her markets in Sontb
America, Asia and Europe. and Amer
'can ships would not he long in cap
turing the carrying trad. Of the
woIid. British creditors must now
apply Themselves quickly to the
American money problem. The
soVnd money men aud banking inter
"sts, ted t." e''"'"" Sherman Cleye
'en" an" Carlisle. with plentiful
supply of means, have been boeten
'"' american people are now
Thoroughly aroused and educated ON
tue power and use Of money, and
nude desperate by debt aud business
depression they arc forcing free
silver ~ a main issue.
Hroat Britain, need fear no ini,rv
TO nor trade or Investments If ,he
Republican party can force "pro,ec-
ton tariff" ~ the man jssue N tho
coming presidential campaign, but if
tree silver dominates the Amer,cnn
mind aud carries at the pole. it will
BRING about q change in England |
'"a' Will tie ru!nous from it's sudden
ness and severity, Tho damage that
"a" he done British manufacturers
'y a protective tariff is slight com
Jared with the disasters tibet would
70 ensa'led by change from single
yold to a complete blm etaIiic stnud
Ird.
IL is evident tEat the D,mocrot;c
'arty will not enominate a man who
'o'ds to President Cievelaud's ideas
IA money, aud tho only hope for a
''nt'nat'on Of Mr. CIevsIsul', tinan-
tai policy will be in the success Of
he Republicans in the next election
The SUCCESS OF free Coinage will
ring down the rate O; interest an
honey, aud cause an Immediate r,se
the price Of all commodities
'heh SILVER becomes primary money
10 American mines will pour
le'r products into the mints: and a
CIV era similar to that produced NV
10 issue of the greenbacks during
le civil war will begin. Gold will
ave the banks aud enter into com .
etltion with silver IN the avenues of
ade, and the manufactures of the .
nIted States, which have been
'0t down or crippled since
'92, will again resume their fight +
+ the English markets. ;
1t is doubtful whether the r ,1ub- A
IAN party can be held much longer Z
check by sound tn III " statesm N, G
its adheren's are divided by pow +
fal factious The Democratic $
'rty is also breaking up undsr the I.
sight of the free silver agitation
matters not to Great Britain which 1
rty succeeds if ths gold standard :,
maintained, but either of tn old !
rites Or 4 new purity which goes q
TO power pledged to free coinage J
il be inimical to EuaIish mauufac- r
rle5 and trade. -
The American people cling with II
tenacity TO party organ. -
ions, tut financial embarrassm ent |
d business stagnation has become
} severe for their patience, aud
y are ready for any change that
'mises relief They are becoming