The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-10-23
FAVOR FREE COINAGE.
Foreign journals Show the Weak
ness Of McKinleyism.
Bryan's Victory Would Facilitate an In
transitional Agreement on the Money
Question and Tighten the Burden
OF American Debtors.

Of American DebtoTs'
The following editorials from for
eign journals have just been given to
the public by the Democratic Press
bureau of Chicago. By way Of com
ment the correspondent who fur
nishes them to the bureau says:
'If Mark Hannas hired men, now at
tempting in a clumsy way to carry out
his plans and those of J. Pierpont Nor
gan, were not totally ignorant Of the
money question in this country-to say
nothing of themoney question in Eng
land-they would never have chal-
lenged the authenticity of the London
Financial News article. Scores of
English papers have printed similar ed
itoriais. There is a powerful bimetailie
movement in England. For the beneti
Of the goldbug press that Is now blum
dering through the primer class in the
money school, a few extracts from Eng
lish periodicals are herewith submit
ted. They are genuine. They were not
printed two years ago. They were pub
lished last month and they were not
paid for by the silver trust. Sit down
and read them and absorb a little IN
formation on the subject which is inter-
esting a large part of the world outside
of Maine and Vermont. The first Sc
lection is from the Manchester Guardi-
an of September 26. 1896, and is as fol
lows:
"Since the opening Of the campaign he
tween Mr.. BRYAN and Mr.. Mckinley for the
presidency of the United States, we have
taken tie view that the victory Of the
former and the Chicago platform would
be more likely TO result in the speedy as
sembling Of an international conference
for the settlement of the silver question
than the triumph of Mr.. Mckinley and the
ST. Louis platform We have formed this
opinion Notwithstanding the fact that
while the Chicago platform pronouRces
In favor of national bimetaliism In the
United States, without regard to the opin-
ions and convenience of other countries,
the st. Louis platform expresses a desire
to cooperate with other nations in meas
uTes for the monetary rehabilitation of
silver. We now have the important decla-
ration by Prince Bismarck that he also
holds that opinion. In his extremely in
terestlng letter to Mr.. Culberson, the gov
ernor Of Texas, the most TedoUbtabie nf
German chancellors, who was, moreover.
in Office at the time when Germany adopted
the single gold standard, declares that he
has always had prediction for the
double standard" and he adds not only
that he still thinks it advisable to seek
to bring about an understanding between
the states, which are principally interested
in the worlds commerce, in the direction
OF double Standard but that should the
United States, utilizing their greater free
dom of movement in economic matters,
take an Independent step in the direction
of a double standard such step would
have a favorable influence on the estab lish-
ment of an international agreement and
the adhesion of the European states
prince Bismarck's statement that when
in office he did not regard himself as in
fallible as against experts, is only repe-
tition of an explanation which he made
about the time of the suspension Of the
German sales of silver, When. he compared
the gold standard to a narrow blanket
The experts referred to, are, of course,
mot the professors of political economy in
the German universities, but Camphausen,
Delbrueck Bamberger and the other
statesmen who were Immediately respon-
sible for the German decentralization of
silver. On the occasion referred to, Prince
/ Bismarck stated that at the time of the
German monetary reform he was too
much occupied with other important mat
ters to give attention to the question, and
therefore left it to the experts that he
had since discovered that he had been
misled By the experts; and that he in
tended henceforth, with more leisure. to
think for himself
"The reasons why the victory Of Mr..
Bryan would be likely to induce in interna-
tional conference are not very abstTuse
| They really lie on the surface; but the
position has been obscured by the Him
formed deEunciations Of Mr.. Bryan and his
supporters as anarchists revolution
aries socialists and repudiationists,
which have been so common since LON
bard street was startled by the adoption of
silver free coinage plank by the demo
cratic convention. Prince Bismarck
whose letter is practically an expression
Of a wish for the success OF Mr.. Bryan,
can scarcely be regarded, even by the
Times, as a person predispOsed in favor
Of either anarchists, Tepudiationists or
reYolutiOnaTies. In order to understand
his view Of the situation we must consider
the probable consequences of the success
Of MT. Mckinley On the one hand and OF
Mr.. Bryan on the other as bearing on the
interests Of Europe.
Should Mr.. Mckinley be successful, his
government would be pledged to maintain
the parity of the silver dollars, the silver
notes, and the gTeenbaCks with gold, at
whatever cost to the American excheuuer
The attempt has already cost the United
States in time Of peace an additional deb,
| of $50, 0G0000 within two years. EuroDean
| investors, financieFs and bankers would
| probably take the view that 50 long as
/ America continued to make such sacrifices
| in order to pay in gold they would have no
reason for interfering; and the financiers
and stock exchanges on this side of the
| Atlantic would probably rejoice rather
| than otherwise at another-to them
profitable issue of bends backed by the
| credit Of the American government to tai
| the place in the European markets of the
! hopeless American railway securities OF
which European investors are getting
tired. AS for the European merchants
| they would, OF course, view with regret the
probable imposition of another pTohibitory
Mckinley tariff on imports into the United
States in order to protect the American
gold reserves; but they would probably
| console themselves with the reflection that
SO long as America remained under the
gold standard she would have no advan-
tage over the gold standard nations OF
Europe as an exporter to the world mar
kets. Her farmers and planters might be
hit by further decline Of the Argentine
and eastern exchanges as well as the farm
ers of Europe, but that would have no
persuasive influence on the bankers, linan-
ciers and merchants of Europe,
Moreover, Notwithstanding the inter
national bimetallism plank in the St
Louis platform, it seems unlikely that g
Mckinley government would make any at
tempt to secure an international bimetaI-
lie agreement Its first effort would be 10
/ secure a highly protective tariff, and that
would scarcely be q promising prelude TO
an International agreement on a CONNER
cial and financial question. Moreover. the
so-caled sound money or republican par
ty has already begun to find that its dec
laratiOn in favor of maintaining the gold
standard until an International agreement
Is arrived at has placed It in a very il
logical position, aud has put s powerful
argument into the mouths Of its opponents
If, AR. Bryan and his supporters say to