New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-17

THE ST LOUIS PLATFORM AND AMERICAN CRIED
1.-THE TINES PROPOSES SERIES OF MIR
AcLEs FOR CUBA INDIAN TROOPS FOR
THE souDAN-MoDERN MAGIC IN LON
poN-NEws OF THE THEATREs-A
CURIOUS PIECE OF CHURCH
RESTORATION.
[BY CABLE TO THE TRIBuNEl
London May 16.-The strong probability. now
almost reduced 10 a certainty. that Mckinley
will be nominated for the Presidency does not
excite enthusiasm In England. Such comment
as appears In the press Is clouded with suspi-
cion as to his soundness on the currency ques-
tion but that is not the real motive for dislike
and dstrust He is known to represent better
than anybody else the American principle OK
employing home labor and developing National
industries and for that reason he will not run
we'll in England McKinley's nomination is OPP
posed here on other grounds. The commonest
remark made Is to the effect that he 10
trimming on the silver question and that his
election will be a blow to American credit.
English critics do not pause to consider that
Mr. Cleveland and his party have transformer
the conditions Of American credit In four years
by their deficiency, due to the Wilson-Gorrnan
tariff and the heavy increase OF Nauenai IN
debtedness. They rejoice over their own sur
Mus revenues as sign OF British prosperity.
but fail to discern the importance OF success IN
America or the Republican party. when IL
pledged to bring about the restoration or FORMER
conditions Of National solvency and wealth.
The adoption of a plain straightforward hnan-
cial plank in the ST. Louis platform VIII have
q most salutary effect upon American credit
abrc ad Financiers are now endeavoring 70
placa various blocks of American municipal
and railway securities here, but investors are
not vet reassured respecting the hnancal ten
dencies of the United States. A marked I'M
proyement In American credit Will follow tne
adoption Of a clear and explicit currency PiahA
at 81. Louis. for it is taken for granted that
Mckinley. il elected. will stand upon the plat
form on which the party nominates him.
The effect OF the transfer Of large amount OF
! money to the Bank Of England on account OF the
Japanese indemnity has been to tighten the mar
ket and to raise discount rates but the dram iroin
| the Chinese loan operations Is now al an eho'
Great masses of capital are awaiting investment
| here South American stocks are no longer sought
after owing to political uncertainties, and returns
,ror, homo investment are not remunerative
| American securities will again hold the field u
investors here can have assurance that there -
no danger of the United states becoming silver
country like Mexico or Peru.
"The Times" publishes to-day'a most dismal
| and depressing account by Its Havana corrs-
spondent Of the Generalization and ruin OF Cuoas
which inspires it to declare in leader tnat inc
| only hope for the maintenance OF Spanish connec-
ton will be TO effect speedy reconquest OF the
island. to redress grievances and to abolish cor
ruptlon. That certainly would be a startling
series Of miracles IL all these marvels could %
wrought The island could not regain prosperity
| and attract immigration and lucrative trade with
a ruinous war debt saddled upon IT, The Specta-
tor" while declaring that there is no reason why
Englshmen should regret, far less oppose tho
liberation Of Cuba, is not disposed 10 believe that
the United States will either enfranchise or annex
the island II remarks judiciously that English
men who have shrunk from protecting the Ar
renians cannot blame Americans II they suffer
colonsts and negroes to fight their own battle
| with their masters, though the effect produced
by the action Of the Cleveland Administration In
demanding the suspension OF the death sentences
and fair trial for Competitor flibusters has been
distinctly favorable to the American reputation.
Vapid writing there has been in some journals
about American bombast and bullying. but the
contrast between Mr.. Oney's and Mr.. Chamber
| lains methods of dealing with filibusters con-
| demned to death has been striking one which i'm
nresses Englshmen. The English Government
could do nothing for Jameson, and afterward for
the Reform leaders, but assume that the Beers
would be marcful The American Government
| have not pleaded for mercy helplessy, but have
s;outy demanded justice
Another batch OF cipher dispatches from
the Transvaa is published this morning.
but the additional evidence is inferior In
interest to the previous budget. President
KRUGER delays the settlement OF the SEN
tences passed upon the Reform leaders. and
takes exception in an offensive way to the
| Colonial Secratary's recent speech on the cipher
dispatches. He has ceased to be an amusing
person in the English estimation; he Is irritat-
ing. harassing and suspicious. Mr.. Chamber
lain contrives to keep his temper in his dis
patches with remarkable patience. but the
| Transvaal affair, from the beginning to the
end, has been CALLING to English pride. The
news from Buluwayo continues favorable. and
Rhodes's arrival from Gwelo under strong
patrol is confidently awaited. The Matabeles
| are the least formidable adversaries OF tho
| English in South Africa. The triumphant and
| suspicious Beers are the real enemies The MILL
ionaire spectators Of the Chartered Company
are conspirat6rs with whom 1t is difficult for
| the Government to Cea,.
The decision of the Government to employ .
force of 300 Indian troops at suakim fore
| shadows a movement in the autumn toward
| Berber and Khartoum. The question OF pay -
| not vet settled but India hardly be ex'
| pected 10 meet the extra expenses OF this rorcss
| which must fall either upon Egypt or upon
| England The subject will probably pring on
a spirited debate in the Commons where MI.
| C;ladstone's former colleagues remember now
| effective was the assault made upon Lord Bea.
consaeld for sending Sepoys to Malta The pub
lie has become accustomed to the Idea that
| sikhs can be pressed into the foreign service
anywhere 1t Is resource which tends to prove
how formidable England really is as a military
| Power. Now that the flying squadron Is 70
| ~ tba Indian garrison SuakiM -