The herald., 1896-06-20

were adding $50000,00 to our currency
on account of the purchases of silver;
but we believe that, as the campaign
progresses the money question will rap
idly become the issue in every section
and if this opinion is sound, it is wholly
within the range of probability that the
platform and ticket approved at st.
Louis yesterday will be defeated by the
greatest majority in the history of Amer
lean politics next November"
DAMNABLY UNPATRIOTIC
DETROIT, Mich, June 19.-The Trib-
une. one of the oldest daily newspapers
in the west, and the leading Republican
paper of Michigan, today unequivocally
repudiates the action of the Republican
convention in declaring absolutely for
the gold standard as against bimetal-
lism. The Tribune says that while the
party's candidate is all right, "the plat
form, the only important issue before the
country, is damnably unpatriotic and
unrepublcan." The Tribune advises an
active campaign against gold mono-
metallism" congressional candidates.
FINANCE AND POLITICS.
LONDON, June 19.-The financial ar
ticle in the Times says:
Spectators in the railroad market
yesterday were disappointed that the
public did not come in as had been hoped
on the mere announcement that a gold
plank had been included in the ma
tional Republican platform. The ex-
planation is that the public wisely de-
termined to wait until a satisfactory So
luton of the question is in fair way OF
being attained. American public men
are journalists, who talk and write as II
European investors and spectators had
some object in holding aloof from Amer
lean securities, but they are utterly mis-
taken. Nothing would please the people
here and on the continent better than
to buy securities if they thought they
wSte safe. Spectators and the public
are only too ready to accept and call at
tention to the slightest sign that there
is a prospect of the currency system of
the United Staes being reformed. But
we have been disappointed too often to
commit ourselves to any extent. A def
mite declaration expressed in vote of
the people of the United States in favor
of gold we are sure would be followed
by great change in the attitude of
European CdpltdllStS, PlONloCu ~ NSiS
accompanied by legislation placing the
treasury in a position to make the
standard effective
THE IMPORTANT NATTER.
LONDON, June Recommending on
the ST. Louis convention, the Daily
News says
The important fact is not McKinley's
nomination, which was generally con-
ceded, but that he was compelled to
stand on a gold platform. 1t shows that
the great party which is now believed to
represent the political destinies of the
United States, has repudiated all de-
signs with tampering with the currency.
1t also forces Mr.. Mckinley to fight
rather as a monometallist than as
protectionist. President Cleveland has
done his best to relieve the Democrats
from the suspicion of financial unsound
ness. But they are not all orthodox
economists like Mr.. Cleveland, and Mr..
Mckinley will have to uphold the flag
of commercial honesty. 1t is true that
the Republican convention accepted
bimetallism as pratical policy if car
ried out by international agreement.
But as no such agreement is possible,
this pious opinion may be neglected.
The Republicans must be congratu-
lated, if not upon their candidate, at
least upon their refusal to have anything
to do with mischievous delusions."
The Graphic says: Mr.. Mckinley will
have his hands full, if he Conscientious
ly tries to realize the platform adopted.
The emphatic declaration in favor of
gold side by side with the solemn pro-
fession of ultra protectionism, is proof
that economy heresy is not hidebound
against the more obvious truths of the
orthodox schools.
VARIOUS COMPLICATIONS.
The st. James Gazette, discussing the
effect of the peoples presidency of Ma
jor Mckinley, and the relations between
Great Britain and the United States,
says.
1t cannot be said that the Democrats
under Messrs. Cleveland and Olney have
shown too friendly spirit, but we fear
we must not hope for better things from
the Republicans. Jingoism is not a mo-
nopoly of one party, and we shall be
lucky if we escape further causes Of
difference during McKinleys regime.
We shall be lucky, too, if we succeed as
speedily as possible in arranging for the
permanent arbitration of which the
Marquis of Salisbury spoke yesterday.
In conclusion the st. James Gazette
congratulates Great Britain upon the
fact that "if Mckinley is elected the
United States will continue to pay it's
obligations in honest money"
The Globe remarks that the outside
world would prefer the installation of
government pledged to both gold
standard and moderate tariff, and sug-
gests that President Cleveland might
consolidate under gold the Democrats
of the non-manufacturing states by pro-
posing to continue the existing tariff
with slight modification.
The Westminster Gazette says: The
protection policy which the party adopts
will doubtless be as injurious to our
trade as before, but for the moment there
will be a sense of relief at the fact that
the Republicans are not again tamper-
ing with the currency
The Pail Mall Gazette says: The hol-
lowness of the silver fraud was shown
at the st. Louis convention.
ENGLISH OPINION
McKinIey's Victory Triumph Of Wire Pull
ing-EIection Uncertain
LONDON, June 19.-The morning pa-