The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-06-20
THE LONDON PRESS.
How British Editors View the Candi-
date and Platform.

date and Platform.
LONDON June 10. Nearly all of the
morning papers comment upon the result
of the St. Louis convention yesterday. The
Chronicle says: Yesterdays ballot shows
that high tariff and sound money are TO be
the watchwords OF the Republican party.
We should heartily congratulate the Re-
publicans on the second Of these IL we
did not fear that our words might be used
to injure them. Al high tariff would un-
doubtedly injure our trade. but we must
take comfort I'm the thought that nothing
the United States could do would expose
our commercial interests to SO great a
danger as would face trade in America
With regard to McKinley's personal char
acter. no word has been heard here which
is not to his honor We offer him our con-
gratuations upon the position he has at
tained in the eyes and hearts of so many
OF his countrymen.'
The Times says: Mr.. Mckinley has won
the first heat of the presidential race hands
down, but the battle is not finally won
The silverites appear TO have found some
comfort in the coincidence of the date or
Waterloo. which seemed an evil omen for
a leader who purchased his victory at their
expense. Possibly the same spirit prevails
In the Republican constituencies, especially
In the Western States. to greater extent
than among their delegates to St. Louis.
Moreover. the Democrats have still to settle
both their platform and their candidate,
and even IL they were not tempted as a
party to adopt silver plank coalition
OF the Republican and Democratic silverite
dissidents might yet bear out the views OF
some competent observers of American af-
fairs. that the future will show line OF
cleaveage in the United States between the
To 81 0n1 f.al Ipce doc Lose
dangerous than that which formerly diyid-
ed the North and the South"
tory was a triumph of wire-puIling. Not
only had Mckinley guides beaten off the
opposing candidates or judiciously squared
defeated the Capitalists of the East. Nc
Kinley has no fixed opinions on any politi-
cal question under the sun, that we could
discover. except protection. But the silver
infiationfsts thought he was their man. and
he undoubtedly gladly would have been SO
Ii the cat had jumped that way. But IL did
not. and. TO the extent that the wording Of
the currency resolution was softened and
modified. the East may be said to have
been victorious. In most other respects.
the Standard continues. 1.-The East suffered
eclipse. McKinley's victory over his rivals
was the victory Of the commonplace well
organized: or He IS not distingnished man
made himself popular as Governor of Ohio,
and he knows how TO manage the ma
chine"
Referring to the platform. the Standard
says: 'rhe gold standard platonic affirma-
ton and protectionsm of the barricade or
der are impossible together in one pro-
gramme. We take IL that If hard and fast
protection wins the day next November a
debased currency is almost certain 10 fol-
low. The victory of the Republicans means
an era of exclusive tariffs and jealous i'm
migration laws and regulations. Powerful
industrial monopolies vial be brought back
TO their fullest strength. Ii Is time when
| the United States is no longer in position
TO stand such mischievous experiments.
and just when our mutual trade was reviv-
ing, we do not like the outlook. II is not
| good for the United States. nor for US"
The financial article I'm the Times says:
| Spectators in the American railroad mar
ket yesterday were disappointed that the
I public did not come In. had been hoped.
| on the mere announcement that a gold
| plank had been included in the Republican
| platform. The explanation is that the pub
| lie wisely determined 10 wait until a sat
isfactory solution Of the question is In
1 a fair way of being attained. American
| public men and journalists who talk and
write as If European investors and specu-
| lators had some object in holding aloof
| from American securities are utterly mis-
| taken. Nothing would please the people
| here and on the continent better than TO
buy securities. IL they thought IL were safe.
/! Spectators especially. are only too ready
| to accept and call attention TO the slightest
sign that t. there M ,, Is prospect & of the currency
| but we have been disappointed too often
| to commit ourselves to any extent. A
| definite declaration expressed I'm a vote OF
J OF gold. we sure. would be followed by
! a great change in the attitude OF European
| capitalists. provided IL were. accompanie
! by II gisiation placing the treasury I'm po-
! sifird TO make the standard effective"
TIE Daily News says:'The important fact
| is not MIR. McKineys nomination. which
was generally anticipated. hut that ne Is
! compelled TO stand on gold platform. IL
shows that the great party. which is now
believed TO control the political Gestinics
| of the United States has repudiatcd al.
designs OF tampering with the currency.
IL also forces Mr.. Mckinley TO fight rather
as monomft ftall.st than rs a protectionlst
| President Cleveland has done his best TO
relieve the Democrats from the suspicion
or financial unsounducss. but they are not
| all orthodox economists like Mr.. Cleveland
| and Mr.. Mckinley Will have TO uphold the
| nag OF commercial honesty. IL rs true that
/ the Republican convention accepted BIZ
/ metailism as a practical policy IL carried
+, out by international agreement. But as no
such agree ment is possioie this promlse may
! Continued ON second Pagel