People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-08-27
English Fears.

London, ilsr:h 1O.-Tue London
Financial News says: The financial
situation in the United States is
very serious. The senate has blocked
all relief measures proposed by Presi-
dent Cleveland, and congress is at q
dead standstiiloa the money question.
The free coinage senators are masters
of the situation.
The condition Of affairs in the
United States congress demands the
immediate attention Of British finan-
ciers and Statesmen. The trade Of
the world IS now in our hands, but II
will ms lpag remain there il thu
United States goes to bimetallic
basis witl the free aud unlimited
coinage of silver.
With the addition of silver to the
volume Of money, everything in
America would take on a new face;
labor and industry would gain new
life. The grip of the gold standard
on the products of the world would
b. lCosened and prices would rise.
Great Britain would lose her mar
kets in South America, Asia and
Europe, and American ships would
not be long in capturing the trade of
the world,
British creditors must now apply
themselves quickly to the American
money problem. The sound money
men and banking interests, led by
Senator Sherman, Cleveland and
Celisle. with plentiful supply of
= means, have been beaten. The
American people are now thoroughly
aroused and educated on the power
and use of money, and made desper-
ate by debt and business depression
they are forcing free silver as the
main issue.
Great Britain need fear no injury
to her trade or investments if the Re-
publican party can force protective
tariff" as the main issue in the COM
ing presidential campaign, but if free
silver dominates the American mind
and carries at the polls, it will bring
about change in England that will
be ruinOuS from its SuddennesSs and
severity. The damage that can be
done British manufactures by a pro-
teCtive tariff is slight compared with
the disasters that would be entailed
by change from a single gold to a
complete gold standard.
1t is evident that the Democratic
party will not renominate a man who
holds to President Cleveland's ideas
on money, and the only hope for a
continuation OF Mr.. Clevelandis fnan-
cial policy will be in the success OF
the Republicans in the next election
The success CT free coinage will bring
down the rate of interest on money
and cause an immediate rise in the
price ofall commodities. When silver
becomes primary money the Ameri-
can mines will pour their products in
to the minis, and new era similar tt
that produced by the issue of green
backs during the civil war will begin
Gold will leave the banks and entel
into competition with silver in thu
avenues Of trade, aud the manufac.
tories of the United States which hav,
been shut down or crippled since 1892
will again resume their fight for thu
English markets.
1t is doubtful whether the Republi
can party can be held much longer il
check by sound money statesman a
its adherents are divided by powerful
factions. The Democratic party il
also breaking up under the weight o
the free silver agitation. 1t matter
not to Great Britain which party sue
ceeds if the gold standard is maintain
ed, but either Of the old parties or ;
new party which goes into powel
pledged to free coinage will be mimi
cal and prejudlcial to Eaglish manu-
factories and trade.
The American people cling Will
wonderful tenacity to party organiza
tiOns, but financial embarrassment
and business stagnation has becom,
too severe for their patience, and they
are ready for any change that prom
ises relief. They are becoming con
WINGED that it cannot be found in thu
protection theory, as that has beer
,Stried, and they are massing now OF
( free silver. When that issue c0mei
I fairly before the American people
Z England will regret her apathy am
adherence to the single gold standard
I NoTE.-This article appeared in the
= London Financial News" during tn,
week of March 10 last, but it escaped
observation until recently, when tn
Philadelphia Item" noticed it ami
printed it in its issue of July 26.
What rlcKinley's Election Means.
I e0motimas wOndar phau bo.