The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-23

alism, except with sacrifice of national
honor.
LAS rule the English newspapers have
not as vet taken sides with either candi-
date Hitherto it has been their policy
to say something good OF at least one
candidate At the present time, how
ever, comment is very scarce, and opinions
can only be formed by conversing with
prominent people When, however, En-
Siishmen can he made to understand that
Mckinley would hardly advocate an Excess
sive tariff, the papers. at least, will Ger
tainly favor his election.
THE money question is paramount and
supersetes the tariff. They would prefer
to receive gold for whatever the balance
OF trade might he than to be paid for their
securities in deprecated currency. or even
perhaps receive their interest in silver dol
lars.
WOULD LOSE FOREIGN CAPITAL.
I'm the event of Bryan's election large
sums OF foreign capital would undoubtedly
be withdrawn from this country. The
Americans. as a nation and as individuals,
are considerably Indebted to the European
countries, and when, by reason OF
change OF administration or threatened
Legislation, which would have the effect
of depreciating currency, the European
would hasten to withdraw his capital, dis
puse Of his securities, We would I'M
doubt eddy have a panic exceeding in It's
severity any that has Overtaken this coun-
try. No one would venture to predict the
value OF our securities should such state
of affairs come about.
AT the present time those who have
capital invested in this country are on the
fence. They do not know whether to dis
pose of their securities at 8 or 10 cents
loss on the dollar or hold until such times
as President shall be elected and the
party who elects him endeavor to carry
out their platform.
ut is current rumor in this coantry that
money is tight at the present time, but
with Eryan's election the scarcity Of money
of today would be like the horn Of plenty.
The Englishnan, however, has great faith
in our good sense, our energy and ability.
He believes that the better Judgment Of the
American people will prevail and that they
Will never suffer any depreciation Of the
currency which would allow the debtors
to pay off their Indebtedness in deprecated
coin.
AZ arm neither a prophet nor the son OF
prophet, but I venture the assertion
that If next November the American people
choose Mr.. Bryan for President we shall
8 see within fifteen days the greatest up
heaval OF values that the world has ever
witnessed. 1t may be said that our &C.
. curities In this event would come 70 this
country, and we could possess what others
now own. There may be some ruth in
this argument. but II we must purchase
our securities with dishonor it is better
that others should hold them, for a time
at least.
"A great deal is current In the American
newspaper OF today about the free silver
countries OF Europe. Our editors are be-
ing educated In the legal tender qualities
of French and other silver Whatever may
be the laws upon the subject, OF whatever
the number OF francs France is out, or
in what ratio she is coiuing the same. is
of little avail.
"a gold coin of any value passes for
its face value anywhere 10 Europe, but II
one is unfortunate enough to secure. az =
did, an italian five franc silver piece and
endeavor TO pay a Jill in France with the
same he win find that 1t Is oply worth-2
francs, so ceutimes, being one half OF ixs