New-York tribune., 1896-08-30
HOSTILE TO MKINLEY YET.
EVEN HIS LETTER FAILS TO RELAX
BRITISH PREJUDICEs.

BAR MELoDRAMA AND THE NILE ADVANCE
MR.. cHAMBER1.AINs VISIT TO AMERICA
MISS pARToNs PARTY RETURNING
HOW THEIR WORK WAS DONE.
rBy CABLE TO THE TRrBUNE.l
London. Aug 2J-America remains the storr
centre in the financial world Discount rates
continue 10 harden here under the influence ot
additional Withdrawals OF gold for New-fork'
but far more disturbing than the temporary loss
of a few millions OF coif from the oVers'ocheo
vaults OF the Bank OF England is the condition
OF financial unsettlement under when shipments
are made The keercst financial experts mere are
unable to explain what is going on In America,
and the mystery envelopng these exports OF go'd
tends TO increase the feeling of uneasiness ana
uncertainty.
Such comment as there is in the English press
on McKlnley's letter OF acceptance. and there IS
not much OF H. Is coored by the old-time >sus-
pcion and distrust OF him a a consistent pro-
tectionist THE Times describes him as laying
aside at the eleventh hour the impenetrable re-
serve which has marked his candidature for the
Presidency and atoning by vigor Of language
for his long silence 1t sneers at his utterances
on finance as having a secondhand ring ana
does not have a single hearty word OF commen-
dation for his defence of sound financial doctrine
While admitting that his election. according to
the hest Judges is now assured IL asserts that.
as the gold candidate. he leaves much to he de-
sired and that his success, even with the largest
majority anticipated by any political prophet
will not bring arv permanent settlement even
OF the gold standard question. Repeating Thomas
G. Shearman's gloomy forecasts OF the propaole
movements in American politics, 1t expresses the
hope that things will turn ont more favorabiy'
but adds:
"Yet. as regards tie Immediate future. It must
be confessed tina the chances OF financial Sc
curty seem somewhat small
Other English censors are not 80 acrid as The
Times" but Mckinley Is not liked here, even
when his election is distinctly perceived to be the
only hope Of salvation from financial ruin.
The Manchester Guardian" which is always
we'll Informed OF American questions, recog-
nzes the evil Of constantly recurring Treasury
deficits and asserts that assured financial
position. strengthened by revenue surpluses' IL
the first requirement 10 enable the United states
Government to deal effectively with the question
Of the maintenance Of the parity between It's va
rious paper issues and gold and silver. 1t re-
marks: TT seems obvious that so long as these
deficits prevail gold reserves provided by sue
cessive loans VIII continue TO ebb away, because
the loans are eventually really used TO make good
the difference between income and expenditure,
which has been conspicuous and continuous
feature of American finance during Mr.. Cleve-
lands Administration"
This is AfcKiney's argument repeated in the
great stronghold of English free trade; yet nearly
all his English censors find fault with him for
clouding the currency question by dragging in
the tariff
The curtain has been rung down upon the
Zanzibar melodrama suddenly that there Is
barely time to catch glimpse Of either the hero
or the villain. The British admiral hardly rises
to heroic stature for his only exploit is his sue
cess in sinking an old tub and battering down
a coral-stone house with cement facings ana
wooden verandas Nor does Said Kalid appear
az villain of the deepest dye. for his claim 10
the throne is admitted to be better than that
of Hamond. who now regns In his stead. lie lost
Il once before, when he thought II belonged 10
him. and this time he made crazy fight for IT
with his barbados and rusty salutng cannon.
The bombardment by the British fleet Of the de-
fenceless fve-storv house swarming with natives
and the old hulk armed with pOpguns might an
swer for a scene in a Gilbert and Sullivan opera.
but is hardly event OF historic importance. al
though the Poet Laureate may yet conclude 10
write a ballad about ii. II comes so near 10
making Her Majesty's navy ridiculous that Lord
Salisbury is reproached on all sides for setting
up another Sultan instead Of annexing the island
outright and putting an end TO the slave trade.
In the Nile Valley the English policy is moro
Ineligible The long lked-ofexpedition TO Dom
COLA seems imminent. With the Staffordshire regi-
ment going TO the front. and every one knows
that it cannot end at the unhealthy town. where
the garrison could not be maintained The ex-
pediton will not halt permanently until the
British flag once more floats over Khartoum.
The Youthful sovereign who has entered VI
emma in triumph is surrounded with detectives
when he travels and every palace where he lodges
is guarded by a strong military force. Yet with
the atmosphere electric with suspicion. his will Is
perhaps the most powerful force I'm Europe; for
Russian diplomacy has acquired exampled
prestige since Bismarck's retirement. The rumor
that he will leave the Empress at Balmoral and
visit Paris alone Is not credited in France where
her absence would be regarded a national
affront after she had made the rounds OF the
European capitals with him.
The departure Of Mr.. Chamberlain for America
has no political significance apart from the fact
that he would not be crossing the Atlantic IL the
state of colonial affairs. especially in South
Africa, had not greatly improved. so that he
could be spared from his post. Lord Salisbury
has not deputed him 10 settle the Venezuela aues-
ton. He has earned his holiday by arduous pub
lie service since December and chooses 10 take
it by accompanying Mrs Chamberlain on a visit
to Salem. where they will remain several weeks
The rumor mongers have started a story that he
resents the structures OF his colleagues upon hi.
Zollverein proposals and his colonial policy and
will resign his Cabinet post. 1t is silly hction
His Cabinet associates have more sympathy With
his Zollveren thar is generally supposed and
there divisions respecting his colonial
policy. His influence in the Cabinet and with
the Queen is very great Mr. Laurier. the Cana.
dian Premier desires to confer with him on-ths