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Music Trade Review

Issue: 1896 Vol. 22 N. 19 - Page 4

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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
EDWARD LVMAN BILL
Edltor and Proprietor.
PUBLISHED
EVERY
SATURDAY
3 East 14th St.. New York
SUBSCRIPTION (including postage) United States and
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
insertion. On quarterly or yearly contracts •.-. special dis-
count is allowed.
REMITTANCES, in other than currency form, should
be made payable to Edward Lyman BilL
Bntered at the New York Post Office as Second Class Mutter.
NEW YORK, MAY 30, 1896
••THE BUSINESS MAN'S PAPER."
THE POLITICO-FINANCIAL SITUATION
HE politico financial question is at
present the dominant one in this
country. It overshadows everything else.
While Europe seems to be sailing along in
a contented way regarding industrial mat-
ters, the United States is in a sea of discon.
tent and fermentation.
. If we could only vaccinate some of our
alleged leaders with the microbe of com-
mon sense we might easily fall in line and
become wh t we really should be—the most
prosperous nation on earth.
That time will come only when men will
inject a little more patriotism and a little
less of the partisan feeling into their poli-
tical beliefs.
With the Government running behind in
the matter of finances, with the disburse-
ments exceeding by several millions the
monthly receipts, how can we expect a re-
turn to the flood tide of prosperity with
this constant backset before us?
Our present Congress instead of consider-
ing these matters from purely an American
T
standpoint, and passing measures to afford
immediate relief, have been devoting their
time in abusing the Chief Executive, in
passing jingo resolutions, in the mean-
while blocking successfully the wheels of
national legislation by forbidding the pass,
age of the tariff bill, which would have
placed the Government at least on a paying
basis.
During the past two weeks there has
been widespread inteiest manifested in all
parts of the Union regarding the relative
position of silver and gold in the platforms
of the two great parties of the country.
Wi.h the utterances of the ranting dema-
gogue in Colorado, the discontent due to
sectionalism becomes more marked daily,
particularly in the West, where the silver
influence is dominant.
There has been much agitation in all
business and financial circles of this country
regarding the monetary plank which will
be incorporated in the platform of the
parties which will hold conventions in St.
Louis and Chicago.
There has been a rapid turning of the
public mind toward the principles of pro-
tection.
The people who absorbed the statements
made by the campaign orators during our
last Presidential election regarding the
purchasing power of a dollar, have been
ever since seeking to find the dollar.
They have learned that no matter how
cheap an article may be, it is just as fa re-
moved from their power of ownership as it
was when its value was placed at four times
the figure, provided they lack the necessary
funds for its purchase.
Never before in American history has
the belief that American advance depends
upon protection to her industries been so
thoroughly grounded among all classes as
at the present time.
Of this we have seen ample evidence
in the numerous conventions, which
have been held in the various States, in-
structing their candidates to vote for the
man who stands as the exponent of that
principle.
Never before in American history, pre-
vious to national conventions, has a man
been so honored as has William McKinley.
As an exponent of protection the entire
sentiment of the people has crystalized in
him as their standard-bearer. This not
only on account of the fact that the famous
tariff bill bore his name, but because he,
more than any other man, has intelligently
championed for many years the protection
idea.
Since the fact has become almost assured
that his nomination at the Convention in
St. Louis was as good as already made, his
numerous enemies in his party and out
have been seeking to draw from him some
statement regarding his ideas and convic-
tions upon the relative position of silver
and gold.
He has been censured in many quarters
for his failure to come out fairly and state
precisely where he stands.
Grave and elderly men in discussing the
politico-financial situation have spoken
with an earnestness in their belief that the
time had arrived when the logical candidate
of the Republican party should define his
position.
In our opinion the silence of Major Mc-
Kinley regarding this situation is perfectly
justified.
He has men within his party who are
seeking to remove him from the leading
position. Should he attempt personally to
create a platform for his party he would be
justly criticised and his utterances would
be not only misconstrued, but would be
used to his disadvantage in certain sections
of the Union where the silver interests
dominate.
In other words, the vote of a delegate
from Idaho, Mississippi or Wyoming
counts just as much in a convention as a
vote of a delegate from New York, Massa-
chusetts or Illinois, and by a premature
announcement McKinley would not only
endanger his own personal success, but
would endanger the success of the party of
which he is in the truest sense the logical
candidate.
He owes it not only to himself, but to
the millions of voters who have the best in-
terest of America at heart, to maintain his
silence until after the St. Louis Conven-
tion.
We may rest assured that at that time,
the Republican party will speak in un-
equivocal language regarding its position
on the currency question.
The utterance of its candidate before
that time would be a grave political error,
and a national misfortune. The party will
at that time give assurance that the
country's business will be safe in its hands
by the incorporation in its platform of a
plank which shall be fixed with golden
spikes as the standard under which the
battle for the Presidency will be fought.
If the party fails to do this it will be
false to its traditions. In fact, if the plat-
form maintains any uncertain or wavering
words regarding the position of gold and
silver in our national currency, then the
party leaders may look forward to a bigger
fight.
But this is not to be.

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