, 1877-05-06

rurope kfndled into the flames of war. am
r. = C4r1r1E,
enes ne row. cnelsea' nay .,,,,,-,va-
BRITISH TRADE AND AMERICAN SECURITIES
THE COURSE OF POLITICS.
Correspondence Neso fTx Rofta.
LONDON, April 2l-The London papers nav.
at last begun to discuss the subject to which
ns:.s ,o.s 49, . psehah1,. there 3s scarce1y an,
ot'1lsn uaae. ',s ..s,t.;ra - +.11 ~ .r,,ol.
journal which would venture 10 te4i tnc "no''
truth, for fear OF being called an aiaFmtst' ou
still the 1imes and the World have given th'
n,,t,;c n1sinly to understand that the depression
pnple p'aany ~ - 1--WE n,,s;nsss ;s NJ, = 1,ere 1oss
IN every o1ap'1 ~ ou0'1os s-3na -. sss,l Nv ~,
Ing evil. Nr. Goscnen pe11ofhea the sa'ne u'f
pleasant Office in the House OF Commons OF
Thursday night, and was called a s'croaker " fol
1:t :. ;e aoater f,owexer IN dub him a
n's p'lus, ~ ssa-1. sa, ~ H. ;,otr T,at F,.
cToaker than 70 o.spoee % nts 4a1s' no. ~, ~
giish trade with Ametaca mas 1a1!eh OIL LII IL
reaches a comparatively insignificant amount
cannot be disguised from anybody, for the great
- ca,,sh;1 comnantcs no LONGER run weekly yes.
ftcamsn.p compan Nv VIZ. ~ ~ , 80.
sells. with one exception. "nat We ea'1 seem u
want now is new market Ihe Old ones are
oyerstocked, and II the Chinese could be in.
duced to take all surplus wares of our hands,
the loug-talked-of revival Of trade might at last
be seem War, with its inevitable destruction,
would perhaps answer the same purpose,
especially Il it extended toother nations besides
Russia aud Turkey.
been decided improvement in the demand for
most Of the best American securities. People
hcpin 10 see the obvious fact that the United
States cannot be injured by the European war,
but that In all probability their railroads will
ram immensely br It. y Coneeousntiy. buyers Of
The leading bonds have once more appeared in
The rarket. for The first dine in many weeks.
Some of the papers-notablr the Dduy TEX
oruph in its city article-stilf do their best to
Keen uD the scare: but the public generally hare
ton to pick ND the stocks which they
were recently throwing away in wild
,onfusion. Althouph quotations are very little,
if any, higher, ret the leading dealers all agree
in reeognfzing q better feeling in the market.
! hare no doubt that the corner ,s has been been
from your side prices will from this time con-
time to ADVANCE. Should, however, there be
INV more agreeable little surprises like that OF
the Philadelphia e. Reading collapse In store,
the burnt child vii! once more run as hard as
lie Gnu from the fire. There was an advance
Yesterday in New York Central bonds, Pennsy1-
yanta Consolidated, Allegheny Valley, and
other descriptions. but fau Of per cent in
New York Central stock, in sympathy With the
continued depression Of that stock In the New
see in a London letter to one OF your weekly
contemporaries In New York the opinion cx-
pressed that the Liberal party in England is
gaining ground. and that the leaders OF that
anxious TO bring about dissolution Of the pres
ent Parliament. am not, OF course, protesting
to quote literally, for quote only from mem
CRY; but this. Oeliere, vas the gist Of The let
ter in question. It is hard 70 isnagine what
opinions. In the first place, opportunities
without end have been afforded to the Liberal
leaders to test their strength, ana the
Government has gone out OF its waT to
supply the ordinary facilities for bringing about
dissolution II the Ministry can be defeated
in the House Of Commons on any important
measure 1t would, OF course, resign, and new
Parliament would doubtless be elected. But
the fact is that the Liberals are not united, the
leaders do not agree with the followers, and
Yneu like Mr. Fawcett and Sir Charles Dixie
upon having policy Of their own. Any at
tempt, therefore, to infict 4 defeat On the
present Ministry breaks down, and even if 1t
could be carried out with success, there is
no reason to suppose that the Liberals would
carry the daY In the country. On the con-
trary, I am satisfied that the people arc
getting more and more afraid Of the Liberal
party as it is at present constituted afraid Of
placing the Government Of the country in the
hands of Mr.. Gladstone, whose eccentricities
afraid OF the revolutionary ideas which are
avowed by many OF the rank and file; afraid Of
that Irritation with the Irish Home Rulers which
Iiberals With some reputation to lose are now
ashamed to carry on. rhis feeling Of distrust
is well expressed BY Liberal who writes to the
Ualv Ttteqranh this morning, and who
declsres that the course Of the o.
position has made him and others re-
solve that their <syotes shall be given to
Tories on every occasion. because they, at least,
are determined to uphold the Empire whenever
and wherever its territories or its influence may
be ipsidiously undetermined or openly assajled.,,
There is no doubt whatever that this kind Of
eentiment is at work much more actively in the
country than some writer's or politiciaus sup-
NOSE.
Facts on such question are far more impor-
tant thau conicctures. nnd one fact Of the great-
est imnortance has tobe cited This week in proof
of fhe continued nonularitT of the ConserTa-
fires r il the Iefeat Of the liberal car-
dfdate At Stafford and The return of the Con-
ses7atives was returned from this Lancashire
oorongn. anu upon Inc deatn OIL one OF these
ueterinca @ engit & Mas naae 70 recover @ one ,4 o.
m in Nr. Ear. who has contested the bororoh
j,cfoye, and the CONSTITUENTS we're specially ap-
pealed TO By the Liberals to express their feel
ings with regard to tue Government policy
F Ef a