The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-16

Tn FANCY STOCKS an WALL STREET are
unduly inflated. The bubble of speculation is
full to bursting, and may collapse at any
moment. This Is the reason Wall street
desires the nation to disgrace itself by tAs
abandonment Of the American case at
Geneva. They will fail, and then let all
prudent men stand from under.
The DEMOCRATS Now IN Session Al
ROCHESTER have splendid opportunity before
them. Let them denounce in strong and
indignant terms the insult offered to the
national honor by the proposition of Lord
Granville requiring the President and Senate
to surrender Internationally to the demands
of England and to abandon their case before
the Geneva Conference.
SECRETARY FISH MADE SUGGESTION Fon A
COMPROMISE with England on April 81, but
wrote Should proposal to this effect be
made by the British government the President
will assent to it, it being understood that there
is no withdrawal of any part of the American
case, but an agreement not to demand dam
ages on account Of the claims referred to- leav-
ing the tribunal to make such expression of
opinion as it may think proper on that sub
ject.
How does this emo withdrawal declaration
tally with the proposed supplemental rule Of
the Treaty Of Washington, as demanded by
the English, which says ''in consideration
thereof the President Of the United States, by
Jxy;o 80 <bn
thereof, consents that he will make no claim
on the part of the United States in respect Of
indirect losses as aforesaid before the Tribunal
of Arbitration at Geneva
LORD GRANVILLE SAID TO Our MINISTER AZ
LoNDoN on May 9:-'I carefully avoid any,
thing like menace but in consequence of the
views and information you have presented to
me yesterday and to-day, take an unfavorar
BILE view of the chances of any settlement"
After he had thus shaken his diplomatic fist
under our republican nose on May he pre-
pared us his dish of 'humble pie on May TO-
and Secretary Fish, at least, seemed not un-
willing to eat it.
How Our Bobadn Government Talks.
ENGIAND-"These claims of an enormous and in
arbitration"
that this government has never expected or desired
any unreasonable pecuniary compensatons on their
account
ENGLAND-'T carefully avoid anything like
AMERicA-"The President will, therefore, be will
ing consider and, possible will present for the
consideration Of the Senate any new article which
may be proposed by the British g0vernment."-
Extracts IRON, the Treaty Correspondence
This piece of conversation speaks volumes
for American backbone-pliable as that Of
Fish.
PRINCE BISMARCK HAS DECLARED Hrs Con-.
vIcrIoN that the Americans were justified in
their positive refusal to obey the naughty COM
mand of England to abandon their case as
submitted to the Geneva Tribunal What
would our German fellow citizens think of an
administration that, after repeated professions
of determination not to back down, should.
eat British 'humble pie" and consent to
withdraw their case?
The IRISH VOTE, ALTHOUGH CLAIMED Fon
GREELEY, is very likely to be cast for Grant.
But what will the Fenians say if the admins
tration should tremble before Granville's
threats and agree at his dictaion to abandon
their claims for indirect damages before the
Geneva Tribunal?
GEORGE OPDyKE SAYS That THE FAnURE
y
Of the Treaty Of Washington would be great
public calamity Does he think it no ''public
calamity to sacrifice the national honor and
manhood? -. ,s;, Il:
THE STATE DEPARTMENT Is INcENsED AT The
EXCLUSIVE publication in yesterdays HERALD
of the diplomatic correspondence on the Wash
ington Treaty difficulty. They believe the
publication will defeat the supplemental rule.
of the people are against the disgraceful sur
render of the national honor.
SEMENTS.