The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1896-10-02
VERY ANXIOUS.
John Bull Anxious for Mckinley to Win
and Believes that He VIII.

John Bull Anxious for Mckinley to Win
and Believes that He VIII.
From the London Statist, Aug. %, 1891
For ourselves, we do not attach
very much Importance to the feel
ing of New York, firstly, because
New York is the banking and the
commercial center of the Union, and
is therefore more under the infu-
ence Of capitalist opinion than any
other city, and secondly, because the
geographical situation of New York
prevents it from exercising the same
weight as is welded by the great
European capitals. The country is
of vast extent, and the distance of
the West and South from New York
is immense, and New York itself
lies on the very northeastern sea-
board, and is quite as closely con-
nected in many ways with Europe
as with America. The mere opinion
of New York, then, has not the i'm
portance which would naturally
attach to the opinion of a great
European capital. Besides, nobody
ever feared that the North and the
East would insist upon the free coin
age of silver.
We ourselves are inclined to say
that the moneyed classes are always
and everywhere able to take care of
themselves, when they are not taken
completely by surprise. In the
United States they have had full
warning and plenty of time to take
precautions. If, therefore, we felt
an inclination to predict, we should
say that the mOney-bugs would win,
and the money bags undoubtedly are
on the side of Mr.. Mckinley.
There seems no ground for hope
that the constitution of the Senate
will be very materially changed,
and therefore it is to be feared that,
even if Mckinley wins, the Senate
will refuse to allow any contraction
of the currency, and so the uncer-
tainty from which we have been
suffering for the past three years
will continne. II the Senate were
completely altered, and if the new
administration were to call in the
greenbacks, and to 6OrrOW ds much
gold as might be required, even a
McKinleyite victory would not re-
store order in the currency. The
disorder in the currency will very
soon make itself felt, gold ship
ments will begin again, the talk oI
the necessity for a neoO loan will bt
revived, and thus the old uncer
tainty will remain.
Financial Notes.
We know, of course, how difficult
it is to form any correct opinion o
the result of voting over so vast al
extent of country. Still, we are our
selves inclined to think that Mr.
Mckinley will win-firstly, becaus,
discussion must convince many
waverers that a silverite victor!
would be disastrous; and, secondly
because the WbOle nOneyed interes
of the United States is against Mr.
Bryan, and we know of no case il
which wealth, when it has had tim,
to organize, has been beaten.
The new administration will, o
course, fulfill its obligations in gold
If Mckinley is elected, doubtless
the majority in the House of Repre-
sentatives will be Republican, ant
will support him. The question is
} what will be the Senate?
To bring the Senate into harmony
with the sound money party ther,
needs to be changed six Senators
There seems to be excellent ground
for believing three of them will b
got rid of, and will be replaced b,
> gold Republicans; but there is yer
great doubt respecting the remain
= ing three If they are reelected
then it will be extremely difficult t
= carry any measure through Con
gress for contracting the currency
and contraction of the currency i
what is really required.