The San Francisco call., 1896-10-28
AMERICAN SECURITIES,
What Would Happen in Europe
if w. ]. Bryan Were
Elected.
Ejitor Thomas Lloyd of the London
"Statist" on the Present
Campaign.

Thomas Lloyd. editor of the London
Statist, the greatest journal of finance in
England and probably of the world, ar
rived here yesterday and is at the Palace.
Mr.. Lloyd is accompanied by Mrs. Lloyd
and Miss May Lloyd.
The distinguished editor came over to
America several weeks ago to study the
campaign, with the object OF getting the
sentiment of the people on the money
question. He stayed for time in New
York and other Eastern cities, and then
went to Chicago. After he had been there
long enough to view the situation he went
to ST. Paul and Minneapolis.
He came on to the Pacific Coast from
there, and has recently been in Portland.
Mr.. Lioyd's paper is regarded as an
authority among European investors. 1t
has a very large circulation. Mr.. Lloyd
has devoted many years to the study of
financial questions.
He said last night, when CALL repre-
sentative called on him, that he did not
desire to be understood as interfering in
politics here. He had met great many
Americans, and had altogether been
treated so cordially that he hesitated
lieved would happen in case Mr.. Bryan
was elected. Besides this he had no wish
to gain the i'll will of any of the people
here.
II found in Chicago, as in the cities
farther East" said Mr.. Lloyd, ''that the
great ma ajorily OF the people with whom
talked who had any property were for
McKinley. This extended even to the
BARRIERS whom / met. They thought the
Mr MoK inta ut
head than with Mr.. Bryan and Tree silver.
The general belief was that there was too
much risk in electing Mr.. Bryan.
1.-THE Republicans, too, were very en-
thusiastic, and / find they claimed much
greater maiorties than the Bryan people.
The BRYAN men did not claim large ma
iorities. OF course was simply locker
on and do not pretend to say how things
actually were, for did not meet as many
of the others. However, so far as coula
iudg ge, the great majority were unques-
tionabIy in favor of Mckinley.
.In ST. Paul and Minneapolis I found
the condition something the same, except
that when l mentioned to some Bryan
men the great number OF Mckinney but
tons isplayed they claimed they did not
mean anythlng-that they would in
large measure vote for Bryan on election
day. One man would tell me one thing
and another another thing, so that could
not fully make up my mind. But, as
viewed it, there were more Mckinley
men than men for Bryan.
at seemed to me that the Mckinley
men were also in the majority in Oregon,
and at any rate, wherever | was, found
that the men who were possessed of prop
erty were for Mckinley.
NOW, as to what Will result here in my
Judgment in case Bryan is elected-that is.
as to whether there will be o panic-1
hesitate to speak, for l fear the followers
of Mr.. BRYAN might claim / was interfer-
ing with something that was none of my
business. / do not wish 10 do that am
simply looking on and gaining what infor-
nation can duling the campaign.
"Howeyer. ii you ask me what will be
the effect of Mr.. Bryan election, SO far as
American securities in Europe is con-
cerned, / can say in my Judgment it will
be bad They will begin at once to unload
these securities, and so many of them be-
ing unloaded at once it cannot be other
wise than that they will depress the mar
ket and produce abroad what would seem
now to be little less than panic.
s'Such result occurring abroad. think
it will be seen that it must affect things
here, and how much the people here must
Judge.
snTo the countries of Europe the situa-
tion in the United States would seem very
serious. The people there cannot under
stand why any of the people here who
believe in the honest payment of obliga-
tions should want tree silver. OF course,
the people of Europe who have lent
money or become investors even to the
extent OF $100 say for example, want to
get $i00 back.
.sWhatever sums they have lent or in
vested, they do not want 10 lose anything
This is the whole situation, and If the
people of this country would reflect /
believe they would see that this is only
justice.
Trunks Moved 20 Cents