New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-05-15
THE EXPLANATIONS INTPARLIAMENT RE
GARDING THE INDIRECT CLAIMS.

COMMENTS OF THE LONDON NEUTRALITY-SUSPICIOUS.
ON THE STOCK EXCHANGE.
LONDON, Tuesday, May IA, 1872.
The London journals of this morning devote much
space their editorial columns to remarks upon the
explanations regarding the indirect claims and the
position of the English Government, made in the
House of Lords last night by Earl Granville, and in
the House of Commons by Mr. Gladstone. The jour
nails approve the negotiations now proceeding, but
doubt concurrence in them by the United States
Senate.
report that the United States Senate has rejected
the proposed additional article to the Treaty Of
Washington relative to the indirect claims is current
In this cIty, and has depressing effect upon the
market for American securities.
THE REPORT IN ENGLANDOFA SETTLEMENT.
INFLUENCE OF THE REPORT ON THE STOCK
HARKET-HOW THE INTELLIGENCE WAS RE-
GARDED BY THE LONDON PRESS.
IPROA THB REGULAR CORRESPONDENT OF THE TRlBUEB.l
LONDON, May 1.-Since yesterday morning it has
been quite generally understood in London that the
Alabama difficulty was settled. 1t was understood
the day before by few persons who got their infor
nation either from diplomatic sources in London,
or by Cable from their correspondents in
America. Shortly before the markets closed
Monday afternoon, there was sharp
rise in American securities, evidently due
10 buyers who came in suddenly the faith
of private intelligence. This movement was the
more remarkable because it followed without any
apparent cause period Of almost complete inactiv-
ity. Fries absorbed the whole attention of opera
tors, and to such an extent this true that one
leading stock-broker on being applied to Monday
morning declined to make price for '67s, declaring
that he was too busy to be bothered with such mat
ters. The same house at that moment carrying
about ten millions of Erie. The operators who ap-
peared on the that afternoon were, presume
those whose American correspondents were thought
ful enough to put the cable dispatches ia cipher
On Tuesday morning The Times published a dis
patch announcing, if 10y authority, that Gen.
6chenck had been instructed TO say to Lord Gran
willie that if England will decide in advance against
the principle Of Indirect Claims America will agree
30 such decision that the principle being thus set
tied. will not have to be discussed by the Geneva
Arbitrators; that the American Case will remain
unalterod, although superseded by this arrange
neDt and that England it is understood, accepts
Tins proposition This H. in effect a confirmation of
the dispatch telegraphed to London last week on
your authority 1t seems to have been further cor
roborated by information in possession of The Times,
obtained this side, for that cautious journal goes
far to trust" that the statement Of its Phila-
delpha correspondent is Substantially correctn
From independent sources it understands that the
United States Government are prepared to unite
with us 10 joint note addressed TO the Tribunal of
Arbitration, putting record the principle that
the liability Of neutral cannot 10 any case, extend
beyond the direct consequences of such breaches
OF neutrality as one against the part Of Amer
ica, and requiring the Arbitratos 10 conduct their
arbitration on this basis" Ii recognizes that the
American Case will thus remain unaltered though
superseded and it acqesces at once in this arrange
nent. Considering that The Times has heretofore
Insisted that the Indirect Claims must be withdrawn
absolutely its present attitude implies something Of
hoonoession its side wen as very large con-
sesson on ours. But the practical good sense Of
&sfhsb political life is ppperpOsh The substapce