The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-06
WHAT rs CONC ON IN EUROPE


had sued for peace. declaring that the war was
forced upon him by an unprovoked attack on
the part OF the British troops III somebody
had translated and teleRraphed for the benefit
OF tho Zulu sovereign the recent Parliamentary
debates. his statement would not have boon diff
ferent. He asserts just what the opposition
have maintained The cable despatch adds.
however that Cotywayos overtures did not
produce any peaceful feeling on the British
side. and II s not improbable that resolution
will DO taken by the British Government to dis
regard these overtures. and to prosecute tho
war for the sake OF avenging the sad fate of the
brave Twenty-fourth Regiment.
The boat race has ended. as was anticipated.
In n victory for Cambridge. The success OF tho
stronghold OF British torysm s mainly due to
the old hands re6nlisted in the crew. Oxford
was unable to get any OF its old cracks.
The financial depression in Great Britain
continues undated and British capitalists be-
gin to concedo that England is losing her pres
tige even as money oaninR centre. Mr. Glad
stone has predicted that the United States
would ultimately wrest from England her
financial and commercial leadership. He has
pointed out that Great Britain has no more
chance of averting this supremacy OF tho
United States than old Venice. Genoa or Hol-
land had Of avertinR that OF Great Britain. The
London World says OF the recent loan Of the
city Of Quebec placed in this market:
The ntimston tina. the city ofouebec has negotiated
of ionann er 4. pr STe ss me ss
which admonishes John Bull that his financial slprem.
fore whatever miseiyinss may have occasionally been
classes OF goods beceus OF their greater I'm tic
employment Of labor there mas been no hint that
a. The =, centre All Io.rIwer we have
where else there The stores capital which make
loanmongerig possible Occasional foreign loans might
be hoated az Paris or Amserdan but the United states
have up ~ now remained outside the sphere Of
quebec borrowing will be the mrs. ioTelgn l sa,
eyer negotiated within the limits Of he land
have many successors tor one thing. capital has ac
tent INT he case IN Great britain but secnt S to to
supply the mean, OF lending on modest scale The
but mainly in the hands Of the citizens Of the model
nsT"s Heyn ST."iht nome wn TIE last two
and renewals Of railway bonds recently ncgo
uaed on unusually favorable terms
England has tho money still and is likely to
have 1t for long time to come. in far greater
abundance than any other country. but she has
fallen into grievous discredit and has made for
herself very bad name as lending centre.
especially with borrowers from beyond the seas.
The same journal says:
whether the loan to be negotiated is State or railway
everybody wants to have pull out OF IL The London
require heavy commissions 10 begin with The follows
the cost of rigging the market bribng sweetenng
s ssSsSSs P55o;EsGiSss iss'sts "l9,@sH and G
Of The pockets OF the borrowers II our Kin beyond
sea undertake TO do the whole business for or
and as capital and credit grow randy together. they
When we recall the monstrons amount Of swindnng
which stands revealed having been perpeirated in
cannot wonder the business shows tc ndency to go
don has maintained an easy supremacy because as The
monetary centre the money balances OF the world have
been made But money balances follow the course OF
may some dav Mi pas ~ ana he financial centre NAV
be transferred to New York
Some Of the English newspapers. however.
take a more hopeful view upon the financial
and commercial situation They argue that tho
present depression is simply the result OF the
over production Of the three great years OF
commercial activity. 1924. Business in
Great Britain began to decline in 1875. and has
gone on declining ever since. till II has now
reached the minimum: production is less than
at any time in the past eight years. Hopeful
British economists predict that a new period Of
activity is sure to begin soon and attain its max
imum before 1885. The London Ne,cs says:
The n ard SGS Of @cta 1s nj" be ss Yin q
course such events as big wars may disturb the calcua
tons by bringing on premature crises European wars
also make crises last much longer than would
np the aow Of eI,isTauoq toward new soaS.
o surplus Population is oected as pTaeuenS Sy tSe
sauI Ter OF hAtue a. by cm.srauon are mistaken. Bat
thousands OF women aud Old men, who are ,he poorer by
,us , 81 Mvss sV'ii WIG Wouh nav become
surplus population n European States would INV
real rci to the regions whence Il issued by taking ~
women ana children as well as men and by opening up
Emsraugn seems IN fact to be the ony.natural remedy
s,og s oygT qnG every District Of
have no business 10 exist at all.
France will be considerably agitated to-day
on account OF the elections which arc 10 take
place in twenty-one districts or circonscrip-
hons. These elections are due TO the death Of
five deputies. the retirement Of one the election
Of thirteen to the Senate the appointment OF NJ.
Andrieu TO the post of Project of Police. and
the elevation OF NJ. Grevy to the Presidency.
Tha, the struggle is no longer between Mon
archists and Republicans appears from the fact
that the combination Of all the Monarchical
fractions proved unable to bring forward more
than three candidates. The contest is between
the Moderate Republicans and the Radicals.
and all indications promise u victory for the
former
Lent has as usual. made social life very dull.
To counteract this dulness the intelligent por-
ton OF the wealthy classes OF London have
started q " Peoples Entertainment Society" the
object OF which is to provide rational amuse-
ment and instruction for the poorer classes OF
London. in tho hope OF winning them from
lower recreations. Large halls have been Sc
cured in different parts Of the city and entertain
ments, consisting Of music. recitas and read
Ing. are given 10y the members of tho society
Tho visitors are admitted for very triing
foe. and are supplied with light refreshments at
cost price. The assistance OF members Of the
best families has been given to the project Iand
thus far 1t has proved completely successful.
The halls are always crowded. and tho working
men. their wives and children seem to highly
appreciate the opportunity given to them to at
tend good entertainment and TO como in con-
tact with the upper ten.
The grand opera season OF London begins soon
after Easter. and promises to be unusually bril-
liant. Maploson's contingent. which started for
Europe yesterday will double his troupe on the
other side while Gye is eNerting all his efforts
to render his competition more formidable thnn
ever io has announced the engagement of no
less than eight prime dOnne-Patti. Albani. Co.
pcda. Smcroschi. TalberR. Valleria. Turola
and Garbini. The tenors nrs to be Nicolini
Capoul, Gayarre, sylvia. and Nouvelli The