New-York tribune., 1877-03-13
ANGLO-AMERICAN AFFAIRS.
EUROPE AND TIE PRESIDENCY.

WIDELY ASIRAl-luE NAiloNAi
INJURED BY RECRIMINAToNs-DmTIsH LOSSES
by AMERICAN RAILRoADs-A CALL FOR EXPLA-
NATONs-THE RISE AND FALL OF STOCK COM
PANY.
IrRoM THE REGULAR CORRESPONDENT OF TIE TRIBUNE.
LONDON Feb. 2s.-The Times tells us that the
struggle of parties at Washington has been pro-
lOnged beyond the endurance of the civilized world
1t does not say what the civilized world is going TO
do about it. | am yOu will be moved by its
pitiful appeal 10 your sympathies perhaps also
fattered by the interest Europe is good enough to
take in your troubles. For nearly four MONTHS
continues the leading journal, "our attention has
been held upon the stretch, harssSed by surprises,
pcrplcxed with multiplied technicalites confused
in the hrong of arguments, apologies accusations,
and criticisms We are at last near the close of this
period of protracted suspense Has the cable APP
prised you of these sufieTings Did you know that
Europe had been on the rack suppose not nor
do quite see what You could have done if you had.
unless YOU had substituted for the Electoral lrl-
bunal the more primitive method OF tossing up
cent No doubt il is true that, from time TO time.
the ycissitudcs of the contest in Washington have
aroused a keen anxiety here But it cannot be smd
confidently that people have had very clear notion
OF what Is goingOn. The newspaper comments have
been as the wTtor above quoted naivcy confeSHes,
confused by the tlrong of arguments. Tbey.have
bPcn. even IN IicltlS JOuIHdlS, Nciy hitNh u'pi''
the mark. and in some cases strangely unjust. L
read week ago in the daily paper we have been
wont to consider and rightly So most fair to us, an
editorial article on the Presidential dispute which
] thought as offensive as anything | had ever read
in England, which is saying a good deal Yet i
don't suppose it was meant to be offensive. An En-
glishman is constituted that he seldom puts him
self in the place of the person he is discussing II
an English Tribunal including some OF the most
eminent Lords and Commons and judges, were
charged with sharp practice, and its decsion de-
nounced as fraudulent" by an American Journal,
the Enclishman might have seen that this strong
language. If Republican paper in New-York had
said that the Liberals in England WILL oil through the
next Parliament have to bear the odium of having
cooked the electoral returns i'll order to defeat the
popular will il voald probably have been set down
to bad manners. But when an English Liberal paper
uses similar language about the Republicans IN the
United States, only accept 1t as the Just cen
sur Of some superior being who chaSteneth those
whom Inc loveth 1t is in this spirit, no doubt, that
The same oracle informs its readers this morning
that the United States have submitted the choice OF
their First Magistrate to "a bogus tribunal ap
pointed to register a bogus return" OF the accuracy
Of ns political information you may further judge
from the remar. that, in case of fresh election,
"t Is scarcely conceivable that ii Mr.. Adams were
put up as the Democratic candidate. he would not
secure an amount OF Republican support which
would make his election virtually uno3p0scd"
We can afford to laugh at this yet the rapid deto-
rioration of American reputation abroad Is 10 laugh
ING matter. The scandals Of the election and the
disrite following have made, fear, hardly less
unfav0rablc impression than the exposure 0t BEL
lnap aad his comrades and the letter Of Gen. Grant
respecting Delknap, which has just been published
here does not ncp matters. Careful observers DIS
!, tI,. ,t,1lr Oli tr I
the people, hut the maicIsty are not carcin OBJ
servers. The frauds in Louisiana ar charged upon
III, Rrpublicans and the frauds in Oregon upon tie
Democrats The testimony Of Republicans is quoted
TO prove the violence Of Democrats. ana the tcSt-
mouy of Democrats to prove the yilcncss OF Hcp"h-
LEANS In this way arrive at a convenient ave
rage for the whole nation; and the principle ot GOV
eminent which tn" nation las adopted is dScroditcd
with the rest Until lately the Democrats nav"
been cvtollcd for their loyalty IN submitting to t.c
decision OF thc Tribunal 1t has been a grataca-
ton if not q surprise 10 the Briton, to ind the lead
cr, Of that party GcccIding adverse verdict from
Tribunal which they believed they had organized
10 elect Mr.. Tildcn. But Mr.. Fields leadership has
robbed rs of even th;, small tnoditum of praise.
in acprayation Of oar political disrcpute, came the
crash of some of she coal-caTymg railways: nota-
biy tae Philadelphia and Reading, and now the Cen
trai OF Ney-Jcr,cv; in both of which there are
large British interests. Only two years since the
British public took up S'300o,H0O Of Central
jersey consolidated mortgage bonds at %; and
now that thCy al down 10 G}, there ar" people
so unreasonable as to want to know why, a. II
that would put them up again. The loan WIS
brought out by Nessl.. Brown, SEiilcy u Co., which
is REGARDED as 10 some extent, an American house.
and is at any rate. 9 house of very high Standing
in EEriDe. 4 letter published in the money article
of Tie Tync this morning calls attention to THIS clr-
cumStarcc. the writer allcping that the bonds Were
subscribed for solely Oh the great reputation OF the
house introducing them AID upon the faith o! the
statements contained iii the prospectus to which iha
house pat their name. Surely, he continues, The
moral responsibility of MeSsrs. Brown ~ ShpIey
cannot terminate with the successlu! sale Of the
boDds. He docs not ask much; the only thing sug-
ec,ted is that Mes>rs Brown. Shiplcy u Co. should
call together their clients TO give them AL the IN
formation attainabc not as Il. W." poetcally
puts il. leave the bondholders scattered flock
without a shepherd. If that policy should be fol-
lowed. "if NessIs. Brown, Shipcy y Co. should
persist in keeping silence and ignoring the fact that
il was by relying the faith of their great standing
that the public here have suffered disastrous loss
blow will be given to public credit which II VIII
hot easily recover"
Were these opinions the opinions of single CORE
spondcut only they might sti from Their inherent
good sense deserve attention. They sure to re
ceIve il when reinforced they are by the anthor-
ity of The Time, ITSELF which declares its entire &c
ouieSccnee in this view OF the duty which agents
owe to investors when undertakings which they
have iathered thus come to astandstlll. To an out
slider il seems strange that honorable house as
that of Messrs Brown, Shipley Il Co. should have
waited for such an appeal as this; an appeal which
amounts to a public rebukc for diiatonncsS, II for