New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-21
THE SENTIMENT IN ENGLAND BEFORE Mr.
GLADSTONE'S SPEECH


THE FEELING AMONG BUSINESS MEN.
TFROM TIE REGULAR CORRESPONDENT OF THE TRBUYBI
LONDON, Feb. G.-After day spent mostly in the
city among business men aud Journalists, matters
look TO little cheerful than they did this
morning. The Queens speech, with its unexpect-
cdly pacific sentences about the Arbitration diff
Guilty, had no very great effect on the stock ex-
change yet its influence on mems spirits was con-
siderable If congos and American securities stood
about as before, that ia due to the fact that they
have undergone but a slight depression throughout
this period of attack the Treaty. The financial
houses whose opinion is law in the City have
not believed in the possibility of q rup-
ture Their confidence has been reflected
in the steadness Of prices. The market
has certainly not been buoyant, but there has been
nothing like panic People do not feel yet that
we are out of the woods but they see the light break
ing through. l called the language If the Queens
speech unexpectedly pacific and 1t is go both with
reference to the general expectation, and with par
tcular reference to the foTeshadowing of 1t in The
Dailg TELEGRAPH this morning The attitude OF that
paper requires a word Of explanation.
Although il is not the custom here to give copies
of the Queens speech to the Press in advance OF its
delivery, the substance of it is communicated to one
or two favored journals. The Daily Ners and Dd'y
Tcleqraph both published pretty fun abstracts this
morning; the speech itself net being delivered nor
given out till this afternoon. But these abstracts
are understood to be derived from oral commune
cation, il is not surprising II they dliler III some
points from each other What is important TO u.s.
however is the article which The Daily TELEGRAPH
after being in possession of the forthcoming Minis
teral announcement, saw fit to publish The tele-
grams from Nev-York have indicated good deal of
surprise on the part Of the NcwYork journals at the
violence Of the English Press The surprise is well
4 p,,tp he Dali
ON the eve of the delivery Of an authoritative an
nouucement by the Ministry OF their action or pur-
pose declares that the English Press, instead OF
being too violent has not shown sufficient vehe-
roenco and IGOR in resisting claims so utterly indie
fcnsible 1t has observed that the majority Of It's
cotemporarlcs "have debated the American
demands with hesitating tone in their criticisms
deeply to be regretted tending to encourage erro
ueous notions about the real will and purpose OF
England in this grave matter The DG'iy IctgfdPn
for its part is resolved to impress on the minds OF
American statesmen and the American public that
their present demands cannot by any possibility find
the slightest shadow of justification in this coun-
try" and il adds:
In the interests OF peace, Of Justice. and permanent
good understanding between the TWO Alsl9ohAo leO
njes ia behoovcs insist more strenuOIfy imam ever
on the monstrOus character Of the claim lsc ana OF
hercd That the communications between the two Govern
nents are lust point which makes every lhule-
dT evil i'm the scale Of events We have sufficient reason
for saving that OF the Statements Whlch nave Dee
own and the American Government accuraely deS3lOe
method in which the views of our Ministry nave peh
submitted at Wa -hugton. Communications neVerthc-
less through whatever channel directed to sucb pur
nose can only gain in effect by frank and fearless eX
rcssons OF public opinion; for we teei convinced tnat
the United States will persist IN the indirect demands
hat u tl English Government aud the Englsh people are
harmonious and determined in their reputation
There is column of this sort of thing, but one or
two further specimens must suffice. The Daily Iee-
graph does not think
! "That the American demands were ever before set
forth with such painness, such preclsion-we "Odd
even saw with such efrOncry-As IN the case pres ned
the war costs came upon the English Government ana
nation like thunder-clap Even the wllues VI
Fct that we "yc witnessed there has been singular
mixture Incredibly and anger, OF amusement ana re
sentiment
| 1t sees
ono sound reason for believing that the Americans are
I'm earnest their arrogant claim Tor the war cO VIC
believe that their plan Is merely to irghten us Ile w
glimpse Of the possibilities 80 as 10 extract some mort
money by dangling before our es a greater n yer
| danger We could not but dcSplse sucn pOhcy lot
we cannot afford to let the claim be admitted even 10 tne
rcoon of discussion. 1t Is baseess and unusthaole IL
should he emphatcay met with dlgnlhed ana conta
| responsibty for whatever untoward issue may be
| brought about through their persistence.
And that il may not be responsible for conse-
onences The Ddily telegraph protests loudly that:
I'VE have ourselves from the outset dealt with the
American Case in the plainest and strongest
bdinr firmly to the point that the indirect claims are
inadmsibe even 10 discussion while also demon
that If they could come to De dlscusseu DIT all my
would be found utterly baseess
Yet inst a week ago before Ministers had made up
their minds or before they had impaired their views
70 their organ) The Telegraph was making light OF
the whole matter, saying "The public VINO ai-
plauded last year the Treaty OF Arbitration win
America have found TO their horror and surprise that
the counsel for the United States are deficient In u
dicial impartiaity, and make statements that can
not be proved" So much for consistency
When wrote this morning about the tone Oh inc
English Press had not read the belhgerent article
from which have quoted above. 1t had, and must
have been meant TO have, the air Of preparing the
public mind for a strong declaration IN the queen
speech Now that no such declaration is TO be iouhu
it is difficult to know what purpose it answers. lts
possible indeed that Ministers are arranging an u-
welcome surprise for us, and that MI GLADSTONE VI
Lord Granville are pregnant with speeches III me
Daily Telegraph style. l prefer not 70 believe th"t
till hear them. The Queens speech gives Us
right 70 believe that the communications from tis
Government to ours have been friendly In spirl anu
in tone That they firm, don't doubt, nor tii-'
their character what have indicated IN former
letters. -o
I; cannot escape notice that oil the intemperance
and menace of ministerial journal leh
harmless among business men. u u"eS
NOT oureor 10 have sent stocks down a single
| -, an, Glad 70 lear that there ID equal con-