The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-19

have granted. and OF which the effect must be
dlametrcally a5tdgonistio TO the purpose which We
ought TO have and the Chinese embassy itself pro-
tends to have IN view. In Paris Mr.. Burlingamc Is
not reported to have done WELL but II was hardly 70
DO so easy victim as che Foreign Secretary OF o
radical Cabinet In England. Foreign policy was
never the strong point even OF the wings. ana their
modern successors are still less distinguished IN
diplomacy. In Berlin and st. Petersburg, however,
the envoy from Pekn has new neld OF operations.
new hospitates TO receive ana new laurels 10 win
by o0truslvely doing nothing. Moreover, 1t Is OBJ
viousy law OF MS political existence that he must
keep moving. He Is necessarily an itinerant am
bassador for 1t would be Impossible 90 remain In
one place and do nothing In striking and impress
sive manner for several years continuously.
II may have been noticed, however-Ond while on
this subject It may be worth while TO point out Tor
the benefit OF all believers IN the Celestial EN-
OF Ednbury visiting Pekn has to 60 fncognito to
avoid the slight which would other wise be offered to
mens L appears only nlting and seemy thar gentle
men honored with IT'S confidence should be received
with marks or distinction and respect by the
soveregns and ministers OF European States but TO
imagine that tn r courtesy ought to be recprocated
In any way Is preposterous. A Chinese ambassador
may be the equal or barbarian king, but 1t does not
follow for a moment that barbarian prince is
worthy to be admitted to the glorious presence OF
the Chinese Emperor. Perhaps indeed the present
incumbents or the Treasury coincide In this vew
Radicals In their foreign policy often enlOy-like
Uriah Heep-the sense OF being tumble" especially
when their 'umDeness Is accomplished ut somebody
eses expense.
Inc IsOuuOn money iuAfAct NJ AueCte4 Ny
the Situation Abroud.
From the London Times (city article), Dec II
decided impulse Ii being given TO confidence by
the continued rise on the PARIS Bourse. where the
rentes have closed this (Nonday) evening at fresh
advance Of One-half per cent yet the English funds
remain altogether without movement The I'M
proycment to-day was chiefly observable in foreign
bonds. including Italian spanish, Egyptian,
Argentine, Turkish, Brazilian, Honduras, New
Granadian, Portuguese and some or the Russian
railway loans Italian bonds were strengthened
by a belief that General CIaldini will succeed In
forming a cabinet; spanish, by the restoration oy
the executive oil constitutional guarantees Portu-
Quese by the favorable character or the financial &C
counts from Lisbon, and Turkish by the reported
cancement OF "A large amount OF five per cent stock,
by way OF Compensation as 10 would appear, for the
suppression OF the action OF the sinking fund. some
OF the principa transactions were 10 United States
government bonds, which, though falling back in
the aftei noon from the best prices OF the
day, closed one-quarter TO three-elghths per
cent higher than on Saturday. Much confidence is
inspired by statement that the liquidation OF the
deot mas proceeded during the last live and half
months at rate which, II continued would ensure
It's entire extinction, enormous though Its amount
is In thirteen years. Throughout the foreign stock
market the tendency was upwards, purchases being
induced by the approach or the January dividends.
Neither does II escape attention that the orelgn
loans lately introduced have been OF sounder
character than usual Home railway stocks closed
III many instances ut an advance or one-fourth 10
Oue-l..lf