Show ENGLISH PUESS COMMENT How the Message is Viewed by the London Lon-don Papers LONDON Aug 9The Daily News says In firmnest tones uncompromising uncompro-mising thoroughness of policy Cleve lands message will fully meet the expec ations of the country Choplins and ialfours arguments are practically answered swered from the other side of the Atlantic At-lantic The president lets tho fanatics down easily suggesting that although perhaps the larger place claimed for silver in the worlds currency rency may be brought about by general international cooueration the United States will not gain a hearing whist trying to bring about the result single handed What our bimetallists will say of this terrible exposure of the allure of great bimetallic experiment we need not attempt to forecast I will jrobably exert a great effect upon the wavering members of the United States Congress and bring about the complete repeal which the president advises The president and Congress can only remove the original causes of inflation of I prices and growth of rotten speculation I which led to the present disasters The latter cannot be immediately remedied by Congress The panic of 1873 was followed by five or six years of depression Unless matters grow much worse than now the present panic ought not to have equally severe prolonged effects The financial JVcics Clevelands plea for a repeal of the Sherman act is virtually virtu-ally unanswerable The question whether wheth-er astoppage of the monthly silver purchases pur-chases would immediately end the crisis is not easy to answer and we are not in clued to reply offhanded in the affirma ive I the American people show as much faith in their currency when the watering ceases as they did in the first two years of silver purchases the effect of a repealing of the Sherman act may be immediate There is more reason for such faith now than three years ago The Standard I international bimetallism bi-metallism has not been brought about the reason is that the balance of advantage advan-tage or disadvantage is dead against us The agreement to keep up a fixed ratio Between the two metals would certainly do much mischief The latest chapter of the transAtlantic currency trickery may be read in Clevelands message Therein he sets forth in terms the substantial accuracy ac-curacy of which cannot be contested the confusion into which the indefinite substitution sub-stitution of hoarded silver always depreciating depre-ciating in value for comparatively staple gold coinage has involved all the transactions transac-tions of which credit is the element The moral though we do not expect the bimetallists bi-metallists to agree with us is that its it-s infinitely safer and wiser to let the metals find their own level and that it is hopeless by any artificial arbitrary system to give permanently per-manently to silver a value in exchange largely exceeding its value as determined by the cost of production It will truly be said that Cleveland fulminates against silver legislation because he owes his election largely to the antisilver party but the fact remains to be explained why the community which has had along x perience of the practical effect of artificial appreciation ol silver declared at the polls against a party committed to a continuance continu-ance of the experiment The Daily Telegraph The presidents message i a very striking document and goes straight to the root of disquiet or stagnation existing in America Assuming i Assum-ing that Congress will hasten to repeal the Sherman act it is perhaps as well in the interest of financial stability every where that the disastrous experience has been gained The Post says America cannot well stop at the mere repeal of the Sherman act The president throws out no suggestion sug-gestion but some action is certainly necessary It is probable that the problem which the United States has to solve may lead not to bimetallism but to a more mature unbiased consideration of the possible uses of silver As part of the worlds currency the metal cannot be demonetized with safety and i through America some method for its more extended ex-tended employment is devised the benefits bene-fits to the world would be of supreme importance The Daily Graphic Yesterdays pro ceding in the United States Congress and iu the house of commons ought to broadside b-roadside by side Clevelands striking picture of the evil wrought by free silver in the United States constitutes an effective effec-tive answer to Chaplins economic fallacies falla-cies It passes human comorehension that in the lace of a change of policy in i the United States English bimettallists should advocate a return to free silver in India The Times I may perhaps be thought that the president as the head of his party and on the eve of a party fight would not likely undertake a case for action which his party contemplates But it will be difficult to convict him of exaggeration in the lace ot the daily returns re-turns of American prices and exchanges No permanent improvement can be looked for until Congress abandons the task of attempting to maintain artificial ratio between silver and gold It is one of them the-m steres of politics how a comparatively small body of men has succeeded in die tattng the financial policy of a great nation na-tion for its own ends President Cleveland Cleve-land is manifestly doing everything possible pos-sible to terminate the evil but silver interests are certain to make a tough fight It is not easy to predict the precise pre-cise issue of the struggle rredict |