The Forrest City times., 1896-10-23
FAVOR FREE COINAGE.
Foreign Journals Show the Weak
 ness of McKinleyism.
Bryan's Victory Would Facilitate an In- ternationai Agreement on the Money Question and Tighten the Burden
 of American Debtors.


 the public by the Democratic Prass bureau of Chicago. By way of com ment the correspondent who fur nishes them 10 the bureau says:
 If Mark Hanna's hired men, now at- tempting in clumsy way to carry out his plans and those of J. Pierpont Nor gan, were not totally ignorant of the money question in this eountry-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 bimetallie movement in England. For the benefit of the goldbug press that is now blum dering through the primer class in the money school, a few extracts from Eng fish periodicals are herewith submit ted. They are genuine. They were not printed two years ago. They were pub- lshed last month and they were not paid for by the silver trust. Sit down and read them and absorb a little in- formation on the subject which is inter- estlng large part of the world outside of Maine and Vermont The first se- lection is from the Manchester Guardi m of September 26, 1896, and is as fol- lows:
 Since the opening of the eampaien be- tween MT. Bryan and Mir. 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- sembling of an international conference for the settlement of the silver question than the trium ph of MT Mckinley and tba St. Louis platform We have formed this opinion notwithstanding the fact that while the Chicago platform pronounces in favor of national bimetallisn in the United states, without regard to the opin- Ions and convenience of other countries the St Louis platform expresses a desire To cooperate with other nations in meas ures for the monetary reha Utilization of silver. We now have the important decla- ration by Prince Bismarck that he also holds that opinion. In his extremely in- terestlng letter to Mir. Culberson. the gov ernor of Texas, the most redoubtable 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 predilection for the double standard;' and he adds not only that he still thinks 1t advisable to seek uuQeTSIdHQln2 between the states, which are principally interested in the worlds commerce, in the direction of double standard;' but that should the United States, utilizing their greater free dom of movement in economic matters take an independent step in the direction of double standard, such step would have favorable influence on the tablish- ment of an International agreement and the adhesion of the European states
 Prince Bismarck's statement that when in office he did not regard himself as in- falible as against experts is only a repe- tition 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 to, are, of course not the professors of political economy in the German universities but Camphausen Delbrueck, Bamberger and the other statesmen who Were immediately respon- sible for the German characterization of silver. On the occasion referred to, Prince Bismarck stated that at the time of the German monetary reform he was too much occupied with other important mat ters to give attention to the question, and therefore left Il to the 'eXperts.' that he had since discovered that he had been misled by the experts; and that he in- tended henCeforth, with more leisure, to think for himself.
 "The reasons why the victory of Mir a. tional conference are not very abstruse They really lie on the surface: but the position has been obscured by the ill-in- formed denunciations of Mir. Bryan and his supporters as 'anarchjsts.' revolution aries, Socialists and 'repudiationists,' which have been so common since Lom- bard street was startled by the adoption of silver a free coinage plank by the demo- cratic convention. Prince Bismarck whose letter is practically an expression of a wish for the success of Mir. Bryan can scarcely be regarded, even by the Times as a person predsposed in favor of either anarchists, repudiatonists or revolutionaries. In order to understand his view of the situation we must consider the probable consequences of the success of MT. Mckinley on the one hand and of MT. Bryan on the other as bearing on the interests of Europe.
 Should MT. Mex finley be successful. hts government would be pledged to maintain the parity of the silver dollars, the silver notes, and the greenbacks with gold at whatever cost to the American eXchequer The attempt has already cost the United States In time of peace an additional debt of 950,00O 900 within two years European investors, financiers and bankers would probably take the view that so long as America continued to make such sacrifices in order to pay in gold they would have no reason for interfering: and the financiers and stock exchanges on this side of the Atlantic would probably rejoice rather than otherwise at another-to them profitable issue of bonds backed by the credit of the American government to take the place in the European markets of the hopeless American railway securities of which European investors are getting tired. As for the European merchants. they would, of course. view with regret the probable imposition of another prohibitory Mckinley tariff on imports into the United States in order to protect the American gold reserves; but they would probably console themselves with the reflection that so long as America remained under the gold standard she would have no advan- tage over the gold standard nations of Europe as an exporter to the worlds mar kets. Her farmers and planters might be hit by a further decline Of the Argentine and eastern exchanges as well as the farm CTS of Europe, but that would have no persuasive influence on the bankers. finan- eiers and merchants of Europe.
 Moreover, notwithstanding the inter- national bimetallism plank in the St Louis platform, it seems unlikely that a Me FSinley government would make any att .sIapt to secure an international bimetal-