New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-16
PRICE FIVE CENTS.
ANOTHER BRYAN FORGERY.
THE FINANCIAL NEWS" OF LONDON
EXPOSES A PoPoCRATIc LIE.

PARLIAMENT-MILI.AIs's SUCCESS
soR-FINE WEATHER AND BAD
CROPS IN ENGLAND.
tBY CABLE TO THE TRIBUNEl
London. Aug 15-Mr Bryan's lamentations
the sad fate which may befall his grand
children If they are compelled 70 fulfil their con-
tracts honestly are regarded here with amaze
ment Men who are accustomed to paying
twenty shillings the pound themselves are
content TO leave their unborn grandchildren TO
work out their own salvation, and they question
the honesty and sanity OF grandfathers across
the Atlantic who listen with approval to the
rhetorical quackery of such vendor Of nos
trums as Bryan, with his sixty-cent dollar and
his blindness to facts" This is the view Of an
influential English journal published at Ply
mouth. whence the Mayhower sailed for New
England with good cargo OF conscience on
board 1t describes his financial proposals as
the very madness of pure folly. since "he seems
to be proposing that all the nations Of the world
shall get dear gold for cheap silver, even though
the United States Treasury shall be obliged to
buy its gold at the market price, and to ladle
out the more precious metal at ruinous loss
to itself"
What Mr. Bryan describes as bimetallism is
pronounced by bimetallists here as monometal-
lism. They cannot understand how the Amert-
can Treasury keep its gold II 1t offers to
coin silver at an appreciated price. They per-
ceive that under his financial system the United
States would soon be without gold to pay for all
the silver which Europe has to dispose Of for
Germany stands ready TO resume the sale Of sill
thalers suspended in 1919 on account OF the
cheapness of the white metal. and both Austria
Hungary and Russia are accumulatng large
stocks of gold in their present schemes OF cur
rency reform, and prepared to dump silver
into the American Treasury In exchange for
the better metal
All bimetalsts in England who not si-
fenced by the population cause that dscredits
their movement frankly concede that the
effect Of Mr. Bryans financial proposals will be
to convert America at once into silver coun-
try and to array all leading European nations
against her. Free silver in America, with the
confiscation of one-half Of hat every one owes
will establish the single gold standard through
out Europe and undermine the credit and pres
tigc OF the United States for a generation to
come This would he uncomfortable for the un-
fortunate grandchildren Of dishonest grand
fathers who don't want 10 pay their honest
debts
If Mr. Bryan's speech in New-York. containing
what to-day's Economist describes forcbly
as most unmtigated nonsense. has not lowered
the prices Of American securities in London. 1t
is because IL is the opinion II Wall Street that
It has not helped his canvass. Prices here SIM
ply reflect prices and speculation there Invest
ment in American securities there can be none
abroad until the November election has decided
the main issue of fulfilling the National obliga-
TONS in good faith. Such details Of the Demo-
cratic Populist canvass are published here,
and reports that Americans are rushing 10 To-
ronto and Montreal To deposit money in the
Dominion banks. tend to confirm the impression
Of cautious Ehglishmen that no class of Ameri-
can securities is now safe This occurs. too at
a time when immense masses of English capital
are idle. and seeking investment
The Bryan press has been unfortunate in one
of its earliest campaign lodges An Omaha
journal published under the title Put This in
Your Hat" a quotation purporting to be from
The London Financial News of March 10. in
which the loss of trade with South America,
China and Japan forecast as consequence
of National folly in allowing the United States
to get ahead of England in the adoption Of BIZ
metalsm This alleged extract has been re-
printed conspicuously by Democratic -Populist
journals in the Western States. 1t is pro-
nounced q forgery by The Financial News of
August Is, which refers explicitly TO 1t. and
says: mo such article was ever printed by u.s.
ard it's whole tenCi is directly opposed to the
view we have taken of the effect Of free silver
in the United States. so far from advocating
free-silver coinage, we have persistently pointed
out that it spells reputation, and the Withdraw
al Of all European capital" The Bryan press
has made an early start in the business Of forged
extracts for campaign purposes.
The reply made by Mr. Balfour TO Sir William
Harcourt in the closing hours of Parliament in
dcates that the Venezuela question is now In a
fair way to be settled al an early date. III was
an explicit declaration that Secretary Olneys
last proposal was regarded by the Salisbury
Government opening a way to an equitaoe
adjustment Of all issues pending between the
two Governments Experts regard this reply as
positive assurance that the affair will speedily
be submitted to arbitration, and disposed OF 10
the relief Of both countries. This is the view
taken by all English journals which comment
upon the matter to-day.
The proceedings of Parliament this week have
justified the cynical view that Irish landlords
like Lord Londonderry have denounced the Land
Bill and made brave show of fighting ii. as the
most practical method OF helping the Govern
ment TO pass It. For II ,ney had been torpid
and Indifferent the tenants would have thought
they were getting nothing worth having, and
would have remained dissatisfied. The land
lords have yielded with bad grace and appar-
ent reluctance. challenging a division and en-
abling the Government TO rejoice over majori-
" Of six votes. four of which were cast by
Bishops. Lord Salisbury. whose lips remained
sealed, rubbed his hands gleefully and Mr..
Gerald Balfour was overcome with emotion. The
Prime Minister'S silence more eloquent than
ANYTHING which had been said in either House.
I,it her he did NOT like the measure or refrained