, 1881-09-26

LONDON, t3G},t. -h.-In0 IrAH3fnHI f0}E5.
raad ',as rejected tho convention with Eli
land. This decision, though nut expected at
South Africa, ca,lsel excitement.
BY:MA1I.
now ENGLAND r1ouM,si1Es CSnEn FnEE
TiIAt1E:.
London Spectator. Sept. 10.
How the Tory leaders must Into Lord
DCrbyt They ITO sooner lNyn promising cRg,
than that 1nnn sets his heavy fuot On it
They wuro hopine great things from, tl.etr
cry Of "Fair trade" Wien Lord derby must
take tile opportunity Of n fGte nt Southport
Oh Wednesday to say that lle did not believe
business to be 10 very slack. "IAU heard
about losses, but mot about profts." British
exports lind Increased from Ell, ,00O, ,tO0 In
1870 10 9s,stj, ,000U00 In 1880, and tiie imports
within the snsne ten years from 4e~;,oI. OK, goo
to E,ll 100000. Tint did not look like de-
cllning trade. It might ba less profitable,
but a. to ilnpoverishment. the savings banks
held In iB70, G43 O00, QUO, md lii 1850. 47S.0]D,-
QUO; while III 1870 the aggregate !ncu,ne-tax
wns Ra450 0oo 0oo, and IN 1880, 457B, ,00D. 900, an
increase Of thirteen millions year ii, the
income Of tic we!l-to-lo. That tho poor
are equally welt oil ls proved BY the con
sumption Of tc.!, o. wl'lcll they frank l10o0.-
wv u Eut1huS y! to'"s ns!n As,iv1otovv ~ AH5u.
Eysn o. Sn,ri ,;1 ,t t'J@ staa,a;r nS ;it:,.
ffarMs,s ,v,,rc smifrrinv. I',t Il tyns frnn, n
cycic Uf batl harvests. Corn was not espe-
cially clcAp; mud, rs for competition, there
Were 1i ;sin,. u ~ 9enp ~ Snie.S tomMs1oR, @
~ ,,1n .viti, fnnd M1,st @ iav IL, nivioa SIa
hearers to buy lanu, Altogether, his spe cch
must DO terrible blow to tll0se who are 10
greatly enjoying e lae dna nIesaa!tnt uGpression.
- mus.u m.',,Isf. mt. on,n.,t H.,
hs tiisiodxsI iroM lis industrlnl positiSn''
we doubt, however, whether this Is quite nil.
We ltnagne that the diminished spending
power ot ale s aMIuaolu @ enss, a1n Lle ptlic u
s;"n'I .PnaI otTnrt.H sn.ne lsiHds ~ I1.a,m.i
trade: Wills tho steauy stlrlninge of tile re-
turns on solid Investments, though III itself
sigh OF prospetiiy' WORRIES ana alarms N.
ssoIs G nnc @ ~ a,ev5 f3,, sG iii it t
.inra . not sen fhat lila n,nn,t,,t yfs1tls mich
icss Income Wills tiie scale Of Iiying Is
niwaVs T,,i,ly mi. tia scais If INTEREST ottn;,1-
ni,ip m 81 I'm II Il 'ajwnvs Et,lnr i}nwn. Ihnt
is. Mt icnst' one cntse Of tlie dupressiou: and
, e nerais wsri % Viii s,iiic. Satons },a ve nloos
ni1tl list Ilow EnEln11d is in d inuod Of angry
ttaieStinns MI lie ,,nrs snyrsre hecn,,sn sl,e
cnnl,ot sny wt1y. The why is tho absence Of
pleasant things to thInE about. There is
i,ntEtnr hit iri,jnnil.
rots. 1,u r.r1ov -, rxcr.xp
9ukf ',1 HEAIlloS ~, IN ENonASp. ;S.n S -
Says tue London Fdtt tlltiH Gazcffc OIL
Sept. IL: Tie Lord Advocate conlfortcd hin.
self and the Liberals Of Nortl, Ayrshire on
yyo1nosdav viii, the Insurance lint ,bere
Weuaesa, ~ o '.t ~. .s.s ...o.o ~
was notllng III lne recent os-elcctlons 10
show that the Government had In any degree
lost the confidence Of tho country. lie fs
mite riclt IN slnnrecate tl,e exc,.ss,ve imyor-
v tNnco @ ot;ac,,ed IN ~ tho cnn.r M NJ twn 1,t,nra
tlnce nttaS'eu " .a'o s1ps"Ie ~ wv L'pc'n ' ~
seats by Conservative irosecflonists; but At
tho same time 1t would be nn even ulure seri-
mis- mistake to closo our ,.yes to the evidence
."i,,sl tho hv,aiccttona as n vt,oI., ofrnrJ nf
~, Mi'tcs llo ns.'stuas 10 n ",.u'1 amu'" "
inc existence VI nceI1a.h Ieacllon III the con-
stltncnc1es. North Durha'n inay be put down
10 Sir George ElIlot's personal popularity,
uius tt,o irIs|, yote: and ;;orth Lincoln ex-
pt pua w -, .,.,: .,t =. r., .t.,;s,,..,. VI
pialheu on the gfouM4s ot co'. 1oMl'he,s
unpopularlty and protection; but tho exist
eucc of certain reaction from tic extreme
enthusiasm Of the general election Is ttenlo,-
stfate1t only too clearly by tho almost uni
form course Of all tho by-eecsions which
llavo taken place this ypur.
SINCE tho general election thirty seats-not
INCLUDING tjle Liberal victory lii Tyrone, tito
,niiuuyr IN n{tnmi,riftursllrn nr lin kprntItt