New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-06
POINTING OUT THE MORAL.
.nv1cE FROM OUR ENGLISH COUSINS
TO THE REPUBLICAN PARTY.

fly cAm.E TO THE rRIBUNE.1
copvyfohf: 1905, RS The Tribune Assoctation.
,ordon Nov. 5-The English press is still
..,rlv occupied with the congenial task of
,,nt,ne out the moral Of the American election.
r,,erv journal has leader on the subject and
many have interviews with business men on
,he probable effects on English trade. From
c,eseow. Bradford. Manchester and Liverpool
,.norts are already received that manufacture
Arc have secured large orders from America
s,pce Tuesday. There is no reason to doubt
that similar orders had already been received
-, mail throughout England, with the stipua-
.on that the goods should not be shipped unless
WcK,nIev were elected. In Bradford. where the
.xnorts 10 the United States have been decln-
Inc sinc> January. and where the decrease Of
,.et month over the corresponding month OF
Iso5 was S1.S1l,76O great Increase OF trade
!. now confidently expected and orders are al
ready coming IN.
The following paragraph appears In the
,,ysrnool Post: 1T Is believed in Liverpool
that Mckinley will put on a new tariff on GER
tain classes Of goods but that the tariff will
.hs regulated by the voice Of public opinion. and
Gin he moderate The new President does not
..re ONCE until March next. so that there Is
.nn,e time for shipments of goods to escape
any tariff which may be imposed"
I,verpool ideas of the celebrity with which
..r;o Hesitation can be effected may need cor
rsc,,on but the expectation is general in Eng
,ond that American trade will become BRISK at
onca and that English manufacturers may as
usu make hay while the sun shines.
.1Na birmingham Post remarks that Eng
w.hr.n IN this American conflict either had to
.,,,norf the candidate who would connscate
.hs.r property or else the one who would serl-
o,s,v iniure their trade; but II now nnds rea-
am 10 hope that the second nightmare may De
escaped
The English press shows remarkable unanim-
fly In advising the victorious Republican party
10 consider their obligations TO their temporary
allies. and 10 modify the tariff policy with which
McKinley's name has always been associated
II fails to point out Row the recent denclts oi
revenues under the Wilson act can be over
come and converted into surplus without taxing
I'D the tariff question. No English Chancellor
of the Exchequer could remain long IN ONCE
who allowed a similar deficiency In revenues 10
exist without discovering additional sources OF
revenue.
American stocks and bonds remained steady
to-day. without any material advance from the
previous days rates. Operators were disposed
TO believe that with rise OF five or seven points
on certain stocks. they had got ahead OF New
York dealers and must allow the latter to over
take them The tightness of the money market
interferes with anything like a boom in Ameri-
can stocks and there Is no reason to expect that
this condition will be altered Immediately. The
best expert opinion untes IN declaring that gold
exports have not yet ended and that English In
vestment in American securities, which has al
ready begun. will tend to increase them
Sir John Tenniel could have furnished men In
the Street ten days ago with tips which would
have put them on the right side Of the market.
His cartoon published In Punch" yesterday,
which was drawn and engraved the previous
week. represents Columbia as overwhelming
Mckinley with congratulations. while the shade
Of Washington in the background pronounces
the benediction that sound money is the best
policy. l. N r.