The evening tribune. (Pawtucket, R.I.) 189?-190?, 1897-03-05
is INDORSED ABROAD.
financial Utterances of Our New
President Approved In England.
Newspapers Criticise Policy
of Protection.
British FiHanciers Express Commendasoy
Opinions on Message.

London, Marcn o.-All the InorH-
sng papers contain editorial refer
<nces to- the inaugural address
of President Mckinley.
The Morning Post says that, in view
oe the embittered relations produced pc
tween Great Britain and the United
States by President Cleveland's impu-
dent message, IL is satisfying 10 note
President McKinley's words or weight
and wisdom with reference to the arpi-
tration treaty.
The paper thinks II also gratifying
To find that he does not encourage the
policy of interference abroad and keeps
an open mind on currency and econmic
questions"
The Daily Telegraph regards the mes
sage as "a most relentless and unfiinch-
sng declaration for protection" and
adds. sarcastically: Fortunately, our
conviction of the unassailable soundness
OF free trade principles enables us to re-
gard a comparison with equanimity."
The Daily News considers the address
''inost satisfying and reassuring, and es-
pecially so in its reference to arbitration
and n0n-interfereDce abroad" The pa
per thinks the presidents attitude to-
wards bimetallism safe. soothing and
altogether unexceptionable." 1t adds:
1.-The tariff paragraph is an endeavor at
compromise between conflicting princi-
pies. We know what came of McKin-
Ieyism before: and 1t is unlikely that
there will be any renewal of the legisla-
tion on the old lines" The presidents
references to the development of the
American merchant marine are thought
by The Daily News most significant"
The Daily Chronicle says: THE ad-
dress Is a very safe utterance, showing
that President Mckinley, II not a great
man, is at least a prudent one. Evident
~ high tariff is to be the sheet anchor OF
the new administration. We see no Sc
rlous attempt i'm the address to grapple
with economic problems: and il is hard
10 yyelieve that cabinet of millionaires
and a president whose election was aid
ed by enormous contributions from
trusts will prove jealous antagonists OF
such trusts. President Mckinley will
stand or fall, however, by his strength
of resistance to the encroachments Of or
ganixed wealth"
The Times thinks that the Obvious
prominence given the protectionist idea
IN its most uncompromising form must
put am end to any active cooperation
between the Republicans and the free
traders who assisted them In fighting
against Bryanist propaganda. The
presidents language on the currency Is
encouraging. though vague. He has
given the jingoes cold douche, which
should bring all except the utterly in
durable TO their sober senses; and.
though we do not feel as confident as we
might. IL is to be hoped the senate Will
Tatify the arbitration treaty without
or minimizing Its provisions"
The Standard says:
The address is smooth and kindly.
cut IL ..as one serious underlying pur.
pore. namely, protection. Experience
haa been useless either D President Nc.
Kinley or to the American people. They
rave not yet suffered enough for their
economic mistakes and heresies. Their
rcversion toward high protective duties,
however. relieves us of all fear OF their
destructive competition in other parts
Of the world
The financial clauses OF President Nc.
Kinley's message have been received In
business circles here with every ex-
preston of satisfaction. They were
read to the representatives of the Roths-
childs' banking house, who said they were
much pleased with the position taken
by the president. adding:
ut is excellent, most excellent"
The governor of the bank OF England
Albert c. Sandeman. said the financial
clauses of the message were Thorough
Iy sound. and OF clear, honest, con.
eervative tone" He would not ex-
press an opinion on the international
bimetallism clause.
Mr. Howard Potter of Brown. Shpley
h Co. remarked:
1T Is quite in line with what ex-
Iected. If President Mckinley ap.
points "A good commission to revise the
monetary laws, there IL no doubt that
good will result. The country must be
thoroughly sick of the situation.
In view of Japan's adoption OF the
gold standard and Russia's accumula.
ton OF gold, IL is very doubtful IL inter
national bimetallism will proceed very
far"
Secretary Neal OF the Timetable
league said: We are delighted with the
clause referring to international hi
netallism II is all we hoped for and
the British bimetallists believe they
can also speak for those OF France and
Germany. VI a common internal none
taiy hhdlIS COMMISSION II appointed IL
VIII be the best thing done in the United
States i'm "A long time"
The Gold Standard Defence associa-
tion Is not pleased with the clause i'm
the presidents message referring To
International bimetallism. It's member.
express the belief that when President
Mckinley comes 10 settle down. he will
ind all the government officials against
him.
MIR. Richard ". Martin. chairman az
the Martin bank OimitedD remarked:
president McKinleys work Is cut out
for him. He promises well. Let Va
see tho performance.
We know Mr.. Lyman J. Gage tthe
secretary of the treasury. and have
faith I'm him. as most London bankers
have"
fN2AAn ElNAlE