The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-27
HOW LONDON LOOKS Ar
AMERICAS FINANCIAL fIG!II.
1t is Admitted by Foreign Countries That America Can
Force the World to Birnetaisn.

TRe American whose privilege 1T is
10 make study of the financial ques-
zion at the money centre of the world,
yvhc, goes there with the sincere desire
10 ascertain the views of financiers and
of fac people upon the great question
which is now agitading this country,
who interviews others and attempts to
answer the questions put him by those
~ hu, like himself, are anxious to get at
xhr real facts in the present discus
ysie3.-such a man will come back to
America more strongly convinced Uhan
ever that it is his patriotic duty To DO
lis ,sart. however small 1T may be, to-
4yar,i bringing about the election of the
2g..sss. ut Democratic ticket and the con-
seq1lent opening of the mints of the
country 80 the free, unlimited aud ar-
z!ee&ntlent coinage of silver
{ haye been asked IL the handling OF
a few British Sovereigns, the sight OF
tbs money vaults Of the Bank OF Eng
las..t. and the discussion of the ques-
xics4 IN London had NOT made Vae
s-gx sl3ug, have heard Of people who,
increased with the fact that che Brit
sSh sold sovereign goes for practically
It's face value ia other countries as well
as Sn the British esaggare, and, going no
sleesser into the financial Qaestaon than
the mere surface phase which deals
aisa he circulation of currency, had
Fe1s that the gold standard was neces-
sally what its advocates claimed for
a., 4i.at because it is 10 the interest of
Ct x britain to maintain this policy
ii ;, 91lld necessarily be of interest TO
as. The weakness of such a position is
too apparent TO call for any argument
I dave no means of knowing how other
people were impressed at THE contact
zyitn affairs in London, and / can only
give my own impressions. / cannot
clam to have made an exhaustive
study of the financial question in a
few weeks. for, of course, it is too big
a question to admit of anything
lie such prompt digesting. But | can
gle nv own impressions, and these
may loe briefly summed up in the state
snesSt shat / have come back home
more firmly convinced than ever that
il tie election of Mr.. Bryan lies the
AaAope of this country.
George w. Smalley, who writes for
The Thunderer from this side, has sue
seeded in making a good many people
in London believe that all this is true.
None of THE other newspapers have
had anything extended at all from the
American campaign. Even the Tele-
graph. which boasts of the magnificent
sway ii covers the news of the world,
Stems to be able to find no more than
three or four lines of news about Amer
scaa affairs each day.
EKhe Chronicles letters are written
from the gold standard side of the con-
freyersy, but as / say. they have shown
SAN appreciation of the fact that there
is as least possibility of the election
of Mr. Bryan. They have resulted in
stirring up a great deal of interest
among the business men and statesmen
of London as to the possibilities and
the probabilities here, and in the pres
ence of any American they become a
lot of interyiewers almost as persist
-ent as the Chinese ex-viceroy, who
should have been a newspaper man.
They wanted to know" all about it.
Many of them possessed the ignorance
Of american geography and American,
affairs that is proverbial-c couldn't
understand just what part of Rhode
Island embraced Georgia; couldn't
understand what right the rest of the
country had to object TO New FORKS
desire to control affairs, and were a
little dubious on account of the white
mess of my skin about my claims to res
idence in the South But there were
TlaT1y others who were apparently in
pretty close touch with American af-
fairs, and found an unexpected strong
sentiment among all classes in favor
OF bimetallism. One of the ablest of
fbe bi-metallists of London, Hon. More
ton Frewen, said to me: "All we need
70 bring the issue right ito the front
as strongly as it us in America, is for
vcssr country to take the lead"
Zen he went on to explain that
lie there was a very strong SEN
mt toward bi-mehallism in Great
IT, ain-it is a sentiment not con-
10 the producing classes alone,
"a men in all walks Of life, many
% 2 bankers holding to TIT is
-gr@s1lnent just as the silver sentiment
rs songly manifest in this country.
h xplained that the Britisher does
Nc 70 into the details of the workings
so1 he different political parties in this
country, but that the country as a
whole is necessarily judged by the poll
seF OF the government at Washington.
The United States is the great silver
producing part of the world. IL
Through its government it says we do
not want restoration of silver, as it
has said thhrough the alleged Demo
eraksc administration, which has done
Br.o9e 10 kill the cause of bi-metallism
than was ever done in the administra-
tion of Mr.. Cleyeland's predecessors,
2llen the bi-metallists of Great Britain
ard the other nations of the world
naturally ask: what chance is there
for rs to accomplish anything, if the
silver producing country of the world
goes ON record against silver?" and
The result is apathy.
;sist now there is a rapid growth
in re volume of bi4metalhstic sent;-
Eseat in view of the bold stand taken
b the Democratic party in favor of