The comet. (Johnson City, Tenn.) 1884-1916, 1896-10-01
VERY ANXIOUS.
John Bull Anxious for Mckinley to Win and
Believes that He Will.
THE AMERICAN MARKET


Believes that He VIII.
THE AMERICAN MARKET.
From the London Statist, August 90,
1895, page 3O6 For ourselves, we do
not attach very much importance to the
feeling of New York, firstly, because
New York is the banking and the COM
mercial center of the Union, and is
therefore more UNDER THE IN
FLUENCE OF CAPITALIST OPIN-
ION than any other city, and secondly,
because the geographical situation of
New York prevents it from exercising
the same weight as is welded by the
great European capitals. The country
is of vast extent, and the distance of
the west and south from New York is
immense, and New York itself lies on
the very northeastern seaboard, and is
quite as closely connected in many
ways with Europe as with America.
The mere opinion of New York, then,
has not the Importance which would
naturally attach to the opinion of a
great European capital. Besides, no.
body ever feared that the north and
the east would insist upon the free
coinage of silver.
We ourselves are inclined to say that
the moneyed classes are always and
everywhere able TO take care of them
selves, when they are not taken COM
pletely by surprise. In the United
States they have had full warning and
plenty of time to take precautions. If,
therefore, we felt an inclination to pre-
dict, we should say that the money
bugs would win, and THE MONEY
BUGS UNDOUBTEDLY ARE ON
THE SIDE OF Mr.. MCKINLEY.
There seems no ground for hope that
the constitution of the senate will be
very materially changed, and therefore
it is to be feared that, even if Mr.. Nc
Kinley wins, the senate will refuse to
allow any contraction of the currency,
and so the uncertainty from which We
have been suffering for the past three
years will continue. If the senate were
completely altered, and if the new ad
ministration were to call in all the
greenbacks and BORROW AS MUCH
GOLD as might be required, even 1
Mckinley victory would not restore
order in the currency. The disorder
in the currency will very soon MAKE
itself felt, gold shipments will begiI
again, the talk OF THE NECESSITY
FOR A NEW LOAN will be revived
and thus the old uncertainty will re
main.
FINANCIAL NOTES.
Page 30S: We know, of course, hoy
difficult it is to form any correct opinion
of the voting over SO vast an extent o
country. Still, because discussion mus
convince many waverers that silverit
victory would be disastrous, and sec
ondly, because THE WHOLE MON
EYED INTEREST OF THE UNITEI
STATES rs AGAINST MR.. BRYAN
and We know of no cause in whicl
wealth, when it has had time to organ
ize has been beaten
The new administration will, @
course, fulfill IT'S OBLIGATIONS II
GOLD. If Mr.. Mckinley is electe'
doubtless the majority in the house G
representatives will be republican an
will support him. The question is, wha
will be the senate
To bring the senate into harmon
with the sound money party there need
to be changed six senator's. There seem
to be excellent grounds for believin
three of them will be got rid of aad vii
be replaced by gold republicans, bu
there is very great doubt respectful
the other three. If they are re-electe
then it will be extremely difficult t
carry any measure through congress
for contracting the currency, and
contraction of the currency is what
really required.