The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-11-05
NOTES OF WARNING.
4 Paris Paper Points Out Dam
ger In Colds Victory.
4 German Paper Says 1t Us a
Blow to Producers.


Berlin. Nov. 5.-The news of the cleo
lion in The United States was received
throughout Germany with enthusiasm
BY the anti-bimetallists. They con
graduate the American people on rid
ding themselves for good of an incubus
and danger Of financial upheaval which
would follow the unsettling of sound
currency. All civilized nations viii
profit by the outcome of the election
and especially Germany. owing to the
intimate, important commercial ana
economic relations with the United
Dr- Otto Arendts editor of the Deutsche
Nochenschreif and prominent bimet-
allist leader, in an interview said; Il
nave heard the news with unfeigned
sorrow. The defeat OF the silver move
1nent in the United States viii I'M
uoubtedly act unfaVOrably upon the BIZ
metallic movement in Germany and
the rest of Europe. Stu 4 viii not
despair 1T viii not be long deferred p
The German newspapers yesterday
morning had no news regarding the re-
suit of the election with the single ex-
ception of the LokaI Anzeiger. in
which there were five lines Announcing
Major Mckinley'S victory, and last
night many Of the papers har no edi-
Iorlals on the subject. The stock ex-
change. however was jubilant and
keenly awaited the information. Stocks
generally rose.
"a nightmare has fallen ire -n the breast
of the whole civilized World. Never
before has an election Inspired similar
interest. Bitter judgment has been
executed upon the Democratic party
because it was unfaithful to its princi-
pies. The result was awaited anxious
ly by all Bryan's election would have
been celebrated by the enemies of pop
ular liberty throughout the world and
McKinleys victory decides ia favor OF
those who believe in the ability Of ma
lions to govern themselves. The Amer
lean people nave again SHOWN them
selves worthy of its traditions. Nc
kinley means restoration Of security.
II is true that the shadow of his mar
row-minded tariff policy threatens To
darker the victory but we hope ne viii
not repeat the error while president
The Hamburgicher Correspondent
says. Europe, and Germany in par
ticular viii hail the election of McKin-
ley with satisfaction. since it is sure
that the foundation of regular CONNER
cial intercourse and the stability Of the
currency viii thereby be maintained
Continuing, it says it does not expect
the policy viii lead to an Improvement
of the relations between the United
States and Europe, and it also ex-
presses the belief that the silver aglra-
ton viii not be destroyed by one blow
The Boerzenha11e of Hamburg ap-
proves the result as being in the inter
ests Of trade and says it does not fear
an extreme protection policy
The Tages Zeitung, organ Of the
"A grariams says THE victory has
been won by bankers gold and the
great capitalists who distributed in
credible sums among the electors The
result is probably better for the bimet-
allists than if they had won by small
majority. They have now time to or
ganize for the election in 1900
The National Zeitung says. For the
present an orderly development of at
fairs at home is guaranteed to the re-
public, while the foreign nations VIII
experience no such shock as Bryan 8
currency policy would have entalled-
Rryan's fiascO means another severe
defeat for the bimetallists throughout
the whole world, and especially IN Ger
many"
The Vossiche Zeitung says: THE
downfall of the American silverites
means the downfall of the German sill
verites."
The Neuste Nachriehten remarks:
Just as the Democrats, during Cleve-
lands regime, did not abolish the pro
tectfve tariff but only slightly lowered
If now the Republicans viii not restore
the Mckinley tariff. They must obey
the wishes Of the influential circles
within their own party
The Volks Zeitung says. ''The result
Of the election viii lead to general de
sire upon the part of European export
ers to hasten the accumulation in
America Of the largest possible stocks
IF wares before the new congress makes
the tariff prohibitivve. The victory Of
Mckinley is thus an evil, but 1T is the
lesser of the two A commercial crisis
viii result but it will not be 50 disas-
trous as a currency crisis The tariff,
IF found to be injurious. can be abolish
ed. but to substitute bad for good mon
ey would have Influenced the world Tor
decades"
Das Vollzs Special says. THE reform
er Bryan is in every respect a social re-
former His opponent is carved differ
emily Mckinley IS q kind of Merton
gturnn. brutal fighter for capitalists
and gold currency and all owners of
American securities Capitalism enter
prfses were strongly interested in his
victory. and the golden harvest now
comes for the bondhOlders, but the re-
verse for the producing classes In Ger
many Mckinley viii lead the agrarian
depression and our industry in shipping