New-York tribune., 1896-10-18
THE NEWS OF EUROPE.
ENGLISH INTEREST IN THE AMERICAN
CAMPAIGN.

sHIP-IRRITATION AT GERMAN UN-
FRIENDLINEsS - THE LONDON
COUNTY COUNCILS WORK
ADJUSTMENTS IN
LONDON.
fBY THE TRIBUNE.1
London Oct. 17.--Englsh interest In Ameri.
can affairs. when measured by the space al.
lotted them in the daily press, Is steadily in
creasing. Every prominent journal now pub.
fishes at least half column Of cable news from
America every day. and often full column.
with the adventitious aid of cock-and-bull
stories like that Of the little Bancrofts passage
Of the Dardanelles. The excellent service OF
the United Press enables THE London Chroni.
cle," The Manchester Guardian" "The Scots.
man." Of Edinburgh and nearly all the strong
est provincial journals to print every day an In
telligent, impartial account Of the American poti-
cal canvass and to contradict promptly and en,-
phatically every fresh fiction respecting Venez.
uela or the Intervention Of the United States in
Turkish affairs The most sanguine view OF
McKinley's prospects is that taken by THE
Daily News" whose New-York correspondent
has written three luminous and convincing let
ters the political situation. THE Daily
Chronicle" whose travelling correspondent has
been with Bryan seems half inclined to believe
that he may wir. and "The Manchester Guar
dian occasionally prints conspicuousy arti-
cles the silver question In which the Popu-
list assumptions respecting India and Argentina
are reported.
The Increased English interest in American
affairs is natural, because the United States Is
the storm centre Of the financial world. The
vast increase Of its export trade In the last few
oyDlA
England and nearly compelled the Bank Of
England to make third change this week In
the bank rate speedy rise Of the rate Is
expected by expert tnanciers, since the balance
Of trade continues heavily in favor Of the United
States Bankers and spectators are looking
for a great activity In American securities DUR
ing the next month. II Bryan be elected Euro
pean investors will want to sell out their Ameri-
can interests as rapidly as possible, and secur'-
ties will be sent across the Atlantic In place OF
gold. If Mckinley triumphs all along the iine'
the same investors will be anxious to increase
their American holdings in anticipation OF
sharp rise Operators Of all shades OF opinion
are convinced that the market for American
securities will be profoundly affected by the
result of the election. and hence there Is an
intense anxiety to forecast Alright what Is ABOUT
to happen.
The failure Of successive attempts to revive
tho booun In South African stocks invests tns
American list with a speculative interest. since
prices after election will inevitably go higner
or lower. by a long reach. with the triumph OK
honest finance or repudiaton.
"The Quarterly Review has an article In its
new issue which reflects the cynical Enshsh
| opinion respecting the present tendencies IN
American politics 1t Is not a hattering View'
for IL assumes that no Protestant nation In the
world has so little personal knowledge OF tho
Bible as America, and that the ordinary cltizeh
depends on his wife for his knowledge OF litera-
ture and on his Sunday preacher for his knowi-
edge Of religion 1t accurately represents Eng
lish opinion in the impartiality with which poth
Mckinley and Bryan are condemned with nne
irony. Cleveland being the only American leader
who Is singled out for cordial commentator, IN
spite OF his conduct in the Venezuela affair.
The Quarterly" reviewer correctly gauges Eng
lish sentiment Mckinley is not liked in Eng
| land although he is recognized as champion
Of morality and righteousness in National
| finance. He stands for an American tariff
policy which is regarded anti-English. Cleve
| land as the leader of the low-tariK movement
! is accepted without reserve a true American
| statesman and the affront which he offered :.
year ago to the dignity Of the English Govern
ment Is condoned and passed over In silence a.
"a matter to which no attention Is paid 5us'
now by the American voter"
Sir Edward Clarke has referred to the Vene7-
uela question as a matter OF more immediate
and serious Importance than the Armenian mas"
sacres Apparently he was justified In taking
this view, since the Chancellor Of the Ex-
cheouer, a few nights before, had declared tha.
Russia, Austria and Germany were pledged t.
prevent English interference in Turkish affairs.
II 1t be true that both the triple and dual al-
ances are against English Intervention. then Eu-
rope is united against England. and the Ar
menian question might as we'll be dropped and
the Venezuela dispute taken up and settled Sir
Edward Clarke discussed the latter question more
seriously than any one else has done for long
time. There are many rumors respecting the
final conferences between Lord Salisbury, Mr..
Chamberlain and Sir Julian Pauncefote on the
eve OF the departure OF the Ambassador for
Washington: but II Is idle to consider them in
detail. Lord Salisbury is an old-time diploma
tjst who does not conduct negotiations In a glass
house. His recent lack Of success In European
| diplomacy increases the probability that he will
make strenuous efforts to clear off all old
with America while Cleveland remains in Office.
| especially as he knows with certainty that any
| equitable method Of settlement and scheme of
| general arbitration will be welcomed In Eng
land as a triumph Of craftsmanship and sign
Of the progress OF civilization.
London is dull and torpid under the depressing
effects OF the most inclement October weather
known for many years: but whenever two OF
three are gathered under the same umbrella
within close touch Of sensitive rheumatic elbows
there are three questions which asked Who
will be the next Archbishop Of Canterbury; who
will be the next Liberal Prime Minister, and who