The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-10-22
Rneered at the postoffice at Raleigh,
r. g. "a second-class matter.
THE EXPECTED HAS HAPPENED.

The English Government has, after
shining and dining the commissioners ap-
~ointed on a wild goose chase by Presi-
,Aeut Mckinley, stated that it cannot take
art in an international agreement look
Eng to the universal adoption Of bi-metal-
tsm.
During all the last campaign the Re-
publicans repudiated the charge that
they favored the policy of gold mono
netaIlisnl, and declared their belief that
they could secure an international agree
ment. Mr.. Mckinley kept up the de-
eeption all during the campaign, while
Mark Hanna got all the gold men to
vote for Mckinley by explaining that
NAe international agreement plank was
only a little buncombe put in the plat
form for fire works. In order to carry
cut the deception, the President sent
three commissioners abroad to negotiate
sor q conference looking to an interna-
4ional agreement. These gentlemen have
had very pleasant experience hob
sobling, at the public expense, with roy
atty. Mckinley is enabled to fool the
sredulous by saying he tried to carry out
kis pledge; and the Republicans who pre-
tended to favor the free coinage Of silver
are put now in position of having to
get out Of their hiding, quit the party,
q advocate gold recommendation.
Secretary Gage Is now engaged upon
q plan be will propose to Congress to
withdraw the greenbacks, Involving the
provision of gold fund for the redemp-
&iou Of United States notes, these not to
Be reissued except for gold, and provi
sion for an elastic banking currency"
HAe gold organs are advocating this
seasure. for further increasing the price
II gold and diminishing the price Of pro-
sDOdueed under the title IAN Act to Make
Farm Products Lower and to Make
Money Bearer, and to Turn the Country
Over Forever to the National Banks" /
The people are getting what they voted
for. They will find that while there will
Be temporary employ ment during the fall
and winter months in certain lines where
.s-as stocks have been exhausted, per
nanent prosperity that reaches men who
Toll will not come under the gold stand
ard and the high protective tariff which
have been saddled upon them.
In the teeth Of these two policies.
which are grinding out the life ana
sitting the hope Of the masses, there are
those who tell us that all is well and
shat the people have no room for COM
plant: Men with big salaries and large
incomes, seeing that the gold standard
enables them to buy more acres OF land
and more of the products Of the farm
than they could buy with a larger cir
aulating medium, naturally favor the
yoricy that works for their enrichment.
Talking few days ago with Richard ii.
Battle, President Of the State Fair, that
well posted gentleman said that at re-
cent sale of a tract Of land within four
miles of Raleigh, it brought less than
one-third Of what it sold for ten or fif-
teen years ago. This is not exceptional,
and it shows that when such shrinkage
occurs something is radically wrong. 1t
1in not be remedied by decreasing the
sxolume Of money, destroying half the
money Of redemption, and increasing tax
alton.
TO show that Mr.. Mckinley was not
IN earnest about desiring an internation-
nj agreement, while sending an excellent
commission abroad to try to secure it, h<
preceded them by appointing well known
monometalists as Ministers to Germany
and Great Britain. The Minister II
Germany, in the last campaign, denounc
ed all bi-metalists as repudiationists, ant
the Minister to England obtained hi
place by purchase, having contribute
largely to the campaign fund. If tn
President had honestly desired co-opera
eion, looking to bi-metallism, with thes
two countries, he would not have az
credited strong mono-metallists as tn
resident ambassadors. The appointmer
C such men as ambassadors plainly sal