The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-11-05
ENGLISH GOLD BUGS SAY.
Mckinley's Election Viewed by the
London Press.
UNITED STATES MINISTER BAYARD
Leading Freuchmen Interviewed on tho
Resu,s aud Eject of Tuesdays
Election In America.
D STATES MINISTER BAYARD

| lean securities here today. Business on
the stock exchange began with buying. Mil
waukee ana LOUISVILLE led The advance.
I quickly followed by the entire list, with
advances Of 2d6d, which sent the bears
flying hatless In every direction TO join
the wild hubbub inside. while IN the street:
customers were coming up b. the dozens.
According to the general impression, the
election will result in rapid distribution
Of the gold Withdrawals for the United
States and there Is no doubt that IcKin-
/ ley's victory fayorably affected the stock
exchange throughout. Consols opened 3-sd
higher than yesterday.
/ A leading English stock broker. in an
! interview with representative OF the AS
soc.ated Press. said:
/ "McKiulcy's election has doomed the
whole market. Large buying orders from
New York were cent after the result Of
the election Ia the Quilted states and start
81 he market"
The Star remarks: I'VE. In England
/ have grea: reason TO rejoice az the over
Nhelmlns defeat OK the attack upon gold
standard. Great evils may be IN store
hut high tariff can inAict 1.-THE OF
the ruin which Bryan's victory would have
cHiallcd. There Win be an immediate I'M
pfurcmeut OF business. Cor tbe election q
Mckinley. or rather fhe tefelt o. bryan
( Will restore confidence in he financial hon
osty and stability Of the United States.
( Common sense OF the American leople
has saved the Republic from worse than
( civil war"
The Westminster Gazette says: with
the election of Mckinley great scare van
lshcs for the moment. But. while the perns
Of free silver are avoided Tor the present
the perils OF protection anl capitalism IN
O., 10
counfered."
The Pan Mall Gazette. In The course o.
column editorial. headed "A Landslide"
says The decision Ia The United States
Is accepted with universal cons0n. "a this
country as beng enphatia1lly 20 he credit
OF the American electors. 1t imp les that
democracy. when confronted with ihe Is
sues vital to It's future will RI Iy 10 tai
reality and repudiate he scheme betweeA
Governor Altgeld aud Bryan aud ther sue
eocded IN puiveriling thelr rause into dust.
Is substantial in conpn"isOl.'
United States Ambassador rnyari re
ceived last evening from the London osncr
OF the Associated Press dispatches regard
ins the election \ representative Of the
Associated Press had an interview with Nj
heyald. The ambassador sad
THE keynote that rises above the con-
fusion and excitement rejoices in my
car is that the people Of the United states.
SNidcI by The instincts OF patriotism and
s,t preservation regardless % past party
Affiliations, have unmistaAahly repudl-
otod reputation in any form and in.
stguctcd those who seek official power that
they must at least assume a virtue If they
nave II not, and that the public and prl-
waite obligations must be placed beyond the
reach OF the political Jack Cades OF this
century. II will strongly tend TO re-estah.
lsh international confidence In the sta
hisity and security OF property entrusted
30 democratic government ana harmonic
IN National interests and assist good rela,
tons.
~ in common with ali London have
received the news Of McKiney's election
MI delight ana satisfaction beyond
this | can not comment either upon the
campaign uses made Of our name or discuss
the monetary question"
The representative OF the Associated
Press had an interview with NJ Ribot of
Paris, the former minister OF France. who
recently returned fiom visit to the
United States ", Rlbot said "The cleo
tion OF Mckinley does not surprise me any
moro than the majority he gained Yes
ttrdoy marks an important day in the his
tory OF either party in the United states"
NJ noubmer, who was minister Of finance
IN the late radical ministry, was also inter-
viewed in Paris today by representative
or the Associated Press. He said in part:
~ Is without enthusiasm that the cleo
ton OF the promoter Of the American Gus
TOMS teriU Is received here. In Europe 1t
Is generally approhcudod that McKinley's
presidency will be unfaVcrablc 10 the de-
velopmont OF the commercial relations be-
tween the now and old worlds on the
DINER hand the success Of Bryan would have
such economic consequences and the per-
Irritation caused in the great financial
markets. Of the world might have bccn so
rrcnt that few We're those who could have
desired his election In fact Il was never
believed he could be elected. For a month
we hayc had reason to feel absolutely GER
tain Of McKinlcys success"
Harry Marks. proprietor Of the London
Financial News. said the news gave un-
bounded satisfaction in English financial
circles
The Hamburger Nachrchten says that
the action of the gold standard democrats
has averted danger and that the European
houses can breathe again in the reassuring
knowledge that their manifold relations
with the United States will continue In
their old courses.
Business at the Baltic closed firm at %
20 Is higher than yesterday
The Paris, Berlin. Vienna and Frankfort
stock exchanges were IN excellent tone and
active today In consequence of the result
~ the election in the United States and
Tho dealings in american securities showed
edyances.
a u.apatch 70 the press association from
Glasgow saws the general opinion there is
NiAAA AAN ~ ll4leA erection VIII greatly
stimulate export trade in order TO rush
merchandise forward before Mckinley goes
into office. Higher tariffs are then ex
poetcd to be enacted
The sugar houses Of Glasgow say they
expect the duties on refined sugars i'm
ported into the United States viii he IN
creased. II is believed that Americans Will
commence to buy largely Tor December,
January and February delivery,
There is no doubt that there will he
rush To export woolGns and soft goods 10
America. Ship owners foroace little ben
eft as most OF the steam tonnage has al
ready been chartered for spring. The iron
masters say they have gone without Amer
lea for two years and viii be able 10 CON
tinue without single American order.
The chief sensation In business circles is
the maintenance OF the financial status
QUO.
CONGkE SSI0NAl.
~. .t,,.. stst.