The Sunday herald. [volume] (Washington [D.C.]) 1866-1887, 1883-03-04
SPIRIT OF TIE HOUR.

Irishmen are evidently not the stuff out Of
which successful conspirators are made QUITO every
three who embark in that business at cnst one is al
ways ready to betraY tho other two What contrast
to the Nihilists'-1be Hour.
A Colombo correspondent of the London
Times In an account OF some conversation he has had
with Arab on Egyptian affairs and the events Of
the late campaign says; 90 At the last interview
had with Atab read to him telegram Just received
In Ceylon, stating that Lord DuHetln proposed that
Egynt should he governed by responsible Ministers
and two Chambers, asking his opinion ot the scheme.
He said II precisely what he had Intended had he
been allowed to arrange lor the hotter government Of
tho country. asked him what Ministers he would
propose, lie rcpllcd' certainly not Turks or cir
casslans. I inquired N he thought there wero able
and upright Arabs qualified to tho posts lilo hest
tated. Perhaps not yet. Let them he Englishmon.'
was there anything, asked, hc would wish me 10
mention I'm my letter to you. YES was the reply:
tell tho English nation am content TO remain hero
as their guesto tos In peace while they carry out to
Its fullest extent the work I began In Egypt MY
hope win be to hear from time to time how the work
progresses. until at last the Egyptian people may be-
come free, prosperous, and hanpy-a lasting record
OF England 3 goodness and power "
In spite of the fears of statesmen and the
selfish opposition OF ofnIlasm, tho condition and ex-
rerioncc of tho Russian people seem to make them
specially nt tot political Freedom says the Fort
Uightig ReUieW They arc reared In the practice Of
sct-govetnment. Everywhere the peasantfy, the
great bulk OF the nation, are accustomed to meet to
vote and manage their social and local affairs; to
elect the managers OF their commune, and to Inn
pciy obey those whom they have elected. They have
10 provide not individually, hut each commune coll
lectlvcly, for the excessive taxation imposed by the
central government nnd. IN addition TO hear the r
rliatlug and constant interference OF central oni
calism. The extension NJ their experience and ac-
tlon from local and social to political and national
analt9 seems safe and natural step. There are In
fact unusual guarantees In Russia for the right ex-
efclsc oi political power by The people They have
few dcules of CASTE thor present assemblies being
representative and democratic There " the conscr-
vatlve element OF q common ownership In land, each
man being, as rule IN his corporate capacity y
proprietor of the soil aud responsible to the com
mune for his individual contribution TO the common
welfare Consequently they have not had that
tte which other European nations have yet to solve
the existence of vast propertyless class In the mLst
OF an ever t-lncroaslnR national wealth.
Of the project for a new stock Exchange in
New York. " which Senator window and Mr.. Cam
der arc at the head, the ErentBg PoSt says; when
30 great scheme for the Investment OF money and
the accomplishment Ot public ends IL presented to the
community u hitting TO inquire whether there isnny
need NJ new Stock Exchange and whether the estah-
lisnent OF one " feasible II is not alleged by the
has failed IN itsduties. Seats In the Exchange
ATE rather scarce, and they command high price,
but so lar as trading In stocks and hondsls
wa hear complaint Of Inadequate facilities or Inn
proper rulings That IN TO say, there IL need OF
new stock Exchange so far the public concerned.
The question whether new exchange is feasible de-
nends upon the point of view which one takes of
Feasibility. II Is Impossible that there should bo two
exchanges Tor the purpose OF making quotatuns--as
impossible as that there should be two levels bar
tcl oi water two standards Of value, two clearing
houses or two general post Offices one exchange will
take Its quotations from the other, and win be o mere
meeting house FOR persons not members OF the pruci-
pal exchange. This is not saying that the meeting
house may not he useful to those who It, that
VI may bot pay as cooperative building association
where the members erect the building and obtain
tain privileges free OF rent in leu Of Interest elr
money