It is now considered certain that the Republican Convention will
nominate Mr. McKinley as the candidate of the party for the Presidential election. He has a majority among the delegates of a hundred. This means that the party intends, if victorious, to establish a high Protective tariff. It is also probable that the Republican leaders will accept a programme which, while civil to silver, will leave gold practically the only standard. The Democrat Convention, on the other hand, though doubtful as to its candidate, will, it is believed, decide that silver must be freely coined at a ratio of sixteen to one of gold. As between the parties, no one professes to have a fixed opinion on the result, for the pivot of the election will be the currency, and the cross-voting will exceed all pre- cedent. The latest accounts represent the hopes of the gold men as reviving, but it must be remembered that English opinion is mainly guided by men who sympathise with the leaders of the Eastern States.
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