New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-04
BRITISH TOPICS.

IDEA IN BANKING--THE DUKE OF BEAUFORT On
PUBLIC AFFAIRs-THE MARQUIS OF LoRNEs POEM
rrRox r1tE REGULAR CORRESPONDENT OF THE rRIsuSE'l
LONDON, Nov. 1S.--The correspondents OF the
rondon nress with the Prince of Wales continue to
send home glowing accounts of his progress, and
there certainly lie a general feeling of satisfaction
that things seem to be going well. Making all
due allowance for exaggeration, natural IN the
circumstances the reception of the Prince has been
Unexpectedly brilliant. Whether il has all the po-
ltical Importance Mr. Disraeli wished TO attribute
70 it, we can tell better by and by. Between
London and Bombay there is direct com
munication by telegraph but the London Journals
have, as a rule, and with perhaps one exception
contented themselves with brief dispatches IL was
stated last week that the wires of the Eastern Co
panys cable were to be put at the disposal OF the
Press on sundays. at a reduced price, and that the
whole eorrespondence of the week would be regu-
larry forwarded in this way. The suggestion was
good one and ought TO be perfectly feasible, II by
chance the Company knows it's own interests. But
il has been carried out to very limited extent
only The greatest degree of enterpnse-real OF
apparent-has been shown in the paper where IL was
least looked for The Standard. That journal has
nubhshed two or three columns day under
Indian dates of the day before, and duly
headed by Eastern COmpany's Cable, from our
sDecial eorrespondontr They have been interesting
and readable but skeptcs have been found who hint
that the proportion of matter printed to the matter
actually transmitted by telegraph at dollar
word il rather large They certainly do seem to be
like the stock Of some cable cOmpanies-hberany
watered. and they contain passages which might no
doubt be written in London by man who knows
India and has certain quantity OF raw material
.upplied him This feat, are told in weekly
Journal is not uncommon with American papers, and
IL tells a story that one of them receiving a
message stating that the Oxford Music Hall was
burned down. il thereupOn produced four OF five
eolumn account Of the eOnhagratiOn, which 1t an
fortunately located in the university city. That
fact. however. enabled the writer 10 give history
Of nearly all the Oxford colleges, and 10 write an
exciting scene of the dOns" and students pitching
The books and manuscripts out Of the windows OF
the BOdleian.
Whether Mr.. Gladstone means. or does not mean,
ever to lead the Liberal party again, may be ques-
ton. But there be question that for man
of so retiring disposition bis name comes quite
frequently before the public. What he says or does
il pretty sure to be of interest He is too great
man TO sink Of view, and too restless TO seek OBJ
scurity in inaction. l not sure that he is not
more talked about and written about than Mr. Dis
raeH He has made two more speeches within a
week one 10 his tenants and another very long one
on education lie is announced as the author of an
other article IN the forthcoming number of The
trade has Just been published-it written, 10 be
sure some months ago. THIS letter is to an Austria
liam II expresses Mr.. GladstOnes cordial pleasure
IN learning that the public sentiment of New South
Wales is thoroughly favorable to freedom of com
merce. Then comes q passage IN the usual tree
trade strain: How sad it s to reflect that, after
the mother country has with so much difficulty and
struggle relieved herself from the mischiefs of pro
lection. the moral weight of an example which has
been powerful in Europe should not have been more
effective IN checking the disposition Of Of her
youngest colonies to create for themselves similar
mischefs" A missionary. explaining to the Congo
pirates the superior merits of the Sermon
on the Mount could not adopt q more
dogmatic OF compassionate tone. Except
with English free traders and their
disciples IN America it is not usual 70 urge economi-
cal doctrines moral grounds. But the truth Is
that the Free Trade party in England owes Its over
wheming strength TO the fact that general rule,
m the present circumstances Of England free trade
IL profitable. In trades where freedom is not profit
Able-sugar refining, for instance-there is a stTonQ
feeling the other way. We heard something about
that al BRISTOL and the demonstrations of theOTeti
cal economists that the sugar bOunties OF France
were in fact given to this country, imposed upon
nobody and convinced nobody. The English
refiners know that the French able
e. compete with them Is the English market, and
that they not aDic 70 compete VIII Lle fIeIcD
in the French markets. and that the explanation Of
both facts to be sought in the bounties There is
telegram from New-York this morning TO the effect
that American cotton manufacturers have sent
committee 10 England to make arrangements for
the introduction Of American prints Such al effort
may OF may not be successful. But should it prove
successful on "a great scale, it will soon bring the
cotton manufacturers to the same state OF mind
the sugar rcfners
new financial idea has faied-for the present
with the vote Of the shareholders of the Cheque
Bank this afternoon 10 wind up the concern. No
money has been made, and about $50 share has
been consumed in the experiment. This bank
IN which anybody might deposit any sum from g.
upward-no introduction" any Of the usual
formalities by which English bankers q rule try
to prevent people from lending them money being
requisite Checks were issued by the bank
each for a expressed on its face, from
s. to $50, capable Of being filed up
for that or any lesser sum, but not for
larger. Each depositor received checks to the
amount of his deposit, and more. And they had
this advantage over ordinary checks that they
certain TO be paid. Every check a certified
check Ia thing unknown heTe) from the start They
were a far more convenient means of paying sums
up 10 $50 than POst-Otlice orders and lad the sys
TEN been extended they would have been con-
venience for travellers everywhere. But there Is
nothing the average Eng.ishman is much afraid Of
as a new idea. The bank had not capital enough TO
go on with till the idea became old, and it stops.
The chairman remarked at the meeting that If the
scheme had been started in America, the checks by
the present time would have covered the continent
from end To the other.
Some notion Of the extraordinary prices ruling in
the City OF London for real estate may be got from
Tn al flro+l are fha 1 nd