The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-10-30
FAVOR FREE COINAGE.
Foreign Journals Show tho Weak
ness of McKinleyism
Bry.n's Victory Would Facilitate an In
ternstionsi Agreement ON the Money
Question and Tighten the Burdsn
of American Debtors

the public by the Democratic Press
bureau of Chicago by way OF com
ment the correspondent who fnr-
nishes them 10 the bureau says;
IF Mark Hanna's hired men. now at
tempting in q clumsy way 70 carry our
his plans and those OF j. Pierpont Nor
gan, were not totally ignorant OF the
money question in this country-to say
nothing of the money 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
itorials. There is powerful bimetallic
movement in England. For the beneiit
of the goldbug press that is now blum
dering through the primer class in the
money school. a few extrects from Eng
lish periodicals are herewith submit
ted. They are genuine. They were no;
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 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-
nm OF September &C, 1890, and is as fol-
lows:
since the opening OF the campaign be-
tween Mr.. Bryan and Mr. Mckinley for the
presidency OF the United States. we have
taken the view that the victory OF the
former and the Chicago platform would
be more likely TO result In the speedy as
for the settlement OF the silver question
than the triumph OF Mr. Mckinley ard the
St Louis platform. We have formed this
opinion Notwithstanding the fact that
while the Chicago platform pronounces
IN favor Of national bimetallism In the
United States. without regard 10 the opin
ions and convenience OF other countries
the St Louis platform expresses a desire
90 cooperate with other nations in meas
ures for the monetary rehabilitation OF
silver. We now have the important decla-
ration by Prince bismarck that he also
hold. that opinion. In his extremely in
terestng letter 70 Mr.. Culberson. the gov
ernor OF Texas. the most redoubt4ble Of
German chancellors. who was, moreover
in Office at the time when Germany adopted
the single gold standard, declares that he
has always had a prediction for the
double standard and he adds not only
that he stli thinks IL advisable TO seek
10 bring about an understanding between
the states, which are principally interested
IN the worlds commerce ia the direction
OF double standard but tAat should the
United States utilizing their greater free
dom Of movement in economic matters.
take an independent step in the dire lotion
Of a double standard such step would
have favorable influence on the establish
ment Of an international agreement and
the adhesion OF the European states
prince Bismarck's statement that when
in Office ne did not regard himself a. in
fallisle as against experts. is only repc-
ttion 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 10. are. OF course
not the professors OF political economy u
the German universities. but Camphausen
Delbrueck. Hambergcr and the other
statesmen who were Immediately respon-
sioie for the German characterization OF
silver. ON the occasion referred to. Prince
Bismarck stated that at the time Of tho
German monetary reform he was toe
much occupied with other important mat
tiers to give attention TO the question, and
therefore left 4. to the experts. that he
had since discovered that he. had beer
misled by the experts. and that he IN.
tended henceforth. with more leisure. K
think for himself.
1.-THE reasons why the victory OF Mr.
Bryan would be likely TO induce IN interna
tional conference are not very absiruse
They really lie on the surface hut tn,
position has been obscured by the i'll lin
formed denunciations OF Mr. Bryan and hi
supporters as anarchists. revolution
aries socialists and repudiatonists.
which have Leen so common since LON
bard street was startled by the adoption .
silver a free coinage plank by the demo
cratic convention. Prince Bismarck
whose letter IS practically an expression
OF wish for the success Of Mr. Bryan
can scarcely be regarded. even 10y tn
Times as person predisposed in favo
OF either anarchists, repudationists Q
revolutionaries. In order to understand
his view OF the situation We must conside
the probable consequences or the rncCts
OF Mr.. Mckinley on the one hand and o
Mr. Bryan on the other as bearing on tn
interests OF Europe.
Should Mr. Mckinley be successful. n
government would be pledged to maintai
the parity OF the silver dollars. the silve
notes. and the Erefrbacks with gold. a
whatever cost to the American evchcquei
The attempt has already cost the Unife
States IA time OF peace an additional det
OF $50. 1000 within two years. Europea
investors, nnanciers and bankers woul
probably take the view that so long a
America continued TO make such sacrifice
fn order to pay IN gold they would have n
reason for interfering: and the fnancier
and stock exchanges on this side or u
Atlantic would probably rejoice rattle
than otherwise at another-to them
profitable issue OF bonds backed by IN
credit OF the American government TO TAX
the place In tho European markets of tf
hopeless American railway securities
which European investors are gettin
tired. As for the European merchant
they would OF course. view with regret u
probable imposition of another prohibition
Mckinley tariff On imports into the Unite
States in order TO protect the Americs
gold reserves. but they would probab
console themselves with the reflection tn
30 long as America remained under q
gold standard she would have no adva
tage over the gold standard nations
Europe as an exporter TO the world $ ma
kets. Her farmers and planters might
hit by a further decline of the Argent
md eastern exchanges as well as the fari
ers OF Europe. but that would have
persuasive influence on the bankers, tina
ciers and merchants OF Europe.
Moreover, Notwithstanding the Int
national blmctallism FLANK In the
Louis platform. II seems unlikely that
Mckinley government would make any
tempt TO secure an International bimet
lie agreement It's first effort would be
securo highly protective tariff. and q
would scarcely be a promising prelude
nm international agreement on comm
cial and financial question. Moreover,