The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1886-12-06
A CRISIS IN ICELAND.

iandic diet, convoked in accordance
with the sixty-iirst clause OF tho consti.
tuition of 1874 for the purpose OF con-
sidering the revision of the constitution
of last year, terminated on the 9th OF
August last, the revision scheme hav-
ing been passed by an overwhelming
majority, writes a correspondent OF
The London Times.
In n high worded proclamation OF
November 2, last year, the king an
nounced to his faithful IcclanderS'
that the proposed revision could re-
ceive royal sanction under no circum-
stances Its only eject has been to
consolidate the whole people into one
compact patriotic party, determined
not to rest until Iceland has obtained
what for half century it has been
striving for-namcly, full autonomy IN
home affairs. Never before has such
fcrvid interest been taken in general
election as this year. Never before
has the language of the diet sounded
such a clear note of menace rs at THIS
time. Emigration en- masse ana
complete depopulation OF the country
are limited at rs by no means improb-
able contingency should the present
state of political tension endure mu h
longer and no prospect open to a sen
sible solution. The fact is that the
state of the country is hopeless in al
most every direction. The fishing pop
ulation is in an actual state of starva-
ton, and distress in various stages OF
acutcness is the general condition of
the whole land. Knowing that the
main reason of this is simply m srule,
the government is sending quietly ship
loads of relief to the worst affected
parts of the country. OF course, Mt the
expense of the Icclanders themselves.
The commercial treaty with Spain,
which terminated in 1888, and the re-
newal of which on the basis of the
most favored nation clause, was nego-
tiatcd successfully in the same year,
was thrown out in the Danish rigSdag.
merely by way of retaiat on the re-
suit being that the staple export OF
Iceland, Goldfish, has been practically
excluded from the Spanish market, and
the loss sustained by the poor popula-
ton who earn their LYING by fishing
has amounted yearly to nearly 100000
kroner. Reasons of state forbid
separate treaty being negot atel on
behalf of Iceland, because il might be
construed MS an acknowledgment on
the part of the government OF Dcnmark
of Iceland as separate unit in the
Danish monarchy.
Then the truck system all over the
land is exercising the most grinding OPP
preston over the people. lcclandic
trade is carried on altogether with Dan
ish capital. At an interest of at least
Is per cent. the impecunious lcelandic
trader obtains his loan from the Danish
capitalist, which the formers starving
customers, of course, have to refund
him. The customer sinks deeper and
deeper in debt, and so serious has this
state of tn ngs now become that multi
tudes of debtors have been forced by
the merchants to pledge all their
earthly possessions, and prospective
earnings, moreover, until their debts
shall be liquidated.
Yielding to the clamor Of the coun-
try for a bank, the government has just
established one this year. But IN order
lhat it should be powcrless TO give any
relief to the oppressed trade OF the
country only 100000 kroner of incon-
yertible paper currency were issued; 1t
is made a legal tender, and the conse-
ouence is that customs and duties which
hitherto have been paid in specie will
henceforth be paid in paper. and what
specie imports were formerly required
for the payment of customs, etc, will
now cease. Practically this means
withdrawing from the treasury at least
800, 600 kroner of specie yearly. and in
wolves ultimately the absolute financial
ruin of the island. BY such dcnom-
nation of currency as the bank has at
its disposal no assistance can be afford
ed or impetus given TO the trade of the
country. Starting without any capital
and unable to undertake any money
transactions except in inconvertible
paper, contracts and negotiations with
foreign banks will become all but inn
possible. II it were not for the excel
iently conducted Scotch trade with the
island. which is extending every year
the condition of Iceland would now be
one of unparalleled misery. Perhaps,
however, the worst feature OF the stu
alton is the inscriptions seliishncss
and rare incapacity of the higher rulers
of the people, to whom such thing as
study of national interests seems to be
something mira dignitdtum. Bureau
cratic superciliousness thrives appar-
emily we'll in the midst of misery. The
feeling in the country under these cir
cumstances is anything but reassuring.
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