New-York tribune., 1888-03-28
GosCHEN AS A FINANCIER
rIgERAI.s LOUD IN PRAISE OF THE TORY.

iBY CABLE TO TIE IRIBUNgt
Copyright; 1883: Bv The New York Tribune
Loxpsx, March 27.-Mr. Goschen's Budget IS
Thought as q whole to Justify the most sanguine
auticipations of his friends His bitterest enemy
In the press describes it as Ingenious elaborate,
and partially sound Tho impression on the House
was altogether good. The crowded audience sat
immovable during speech Of three hours and
quarter. Lord Randolph Churchill himself, whose
affection for his successor In the Chanceorship Of
The Exchequer has not been supposed to be warm.
was among Mr.. Goschcns eulogists So was Mr..
Childers and so, heaT, was Mr. Gladstone. The
feeling Of the House and Of the financial world
Is that since Mr.. Gladstone himself England has
bad no Finance Minister equal to Mr. Goschen.
either in theoretical or practical knowledge.
Stock Exchange friend tells that the
National Debt Conversion scheme was hailed In
the City with enthusiasm, because apart from oil
other merits, 1t smpliHed or rather unified exist
ing securities ~Never." cried he, have we had
70 good a stock to deal in as the new two-and-
thrce-quarter per cents. They are magnificent"
lie went on to predict that they would presently
rise to 103 or 104. Grateful operators have al
ready christened them "Goschens" This how
ever is also for convenience's sake to distinguish
them from the existing and-three-quarter per
cents My friend doubted whether they would be
1t was among other things the striking success
Of this gigantic conversion scheme which raised
30 high mems expectations of Mr.. Goschen's fnan-
cial statement. 1t was known that he had
surplus Of over two Millions but that all this and
more would be wanted to float the new Local
Government scheme. He had, IN fact, framed two
Budgets: one for the ratepayers, and one Tor
the taxpayers. He was expected to find means to
do all this, and yet remit penny from the income
tax also. Where was he to find the money!
What new taxes would he impose? These and
many other questions he answered, on the whole,
TO the satisfaction Of the House. and seemingly
of the country. 1t is once more the Liberals who'
sorcy against their WILL praise this Tory Minister
most heartily because his taxes relieve the masses
at the expense of the classes Mr.. Chaplin made
himself the mouthpiece Of social discomfort at the
taxing Of pleasure horses and race horses Con-
servative organ grumbles loudly this morning.
Liberals declare that this Tory success like the
new Local Government bill, Is due to the adoption
Of Liberal principles. But. whatever opposition
may be developed on particular points, the Budget
As whole is thought sure to be accepted
To-day's meeting of the Liberal party OF Spencer
House has been reduced in dimensions, and Is
meeting of the leaders only. 1t cannot be
cheerful gathering. The flowing tide is for the
moment with the Government, not with the Up
position. Nothing has happened since the Deptford
election to relieve the deep depression which that
disaster brought upon the Home Rulers. Mr.
Gladstone himself, hear, is in bis usual spirits
His followers certainly are not. They separate
for the Easter holidays with the conviction that
both in Parliament and the country the Tory
Ministry is stronger to-day than at any time since
Its formation.
Budget night over, the members are rapidly
leaving town. Mr.. and Mrs. Gladstone go nrse
on short visit to the Earl and Countess OF Aoer
deem at DOLLS Hill, then to Aston Clinton as the
guests Of Mr.. and Mrs. Cyril Flower Aston
Clinton is one Of that group Of country places IN
Buclxing ghamshire belonging TO various members OF
she Rothschild family, who among them monopolize
half the county. Mrs Flower was daughter OF
The late Sir Anthony De Rothschild, who created
Aston Clinton. His widow. still lives there with
her daughter Mr.. Flower is one OF the Liberal
whips. and the able, energetic and ph1lanthropic
owner Of Surrey House In London, renowned ior
Its beauty and for fashionable parties.
Lord and Lady Spencer leave to-day for Althorp,
their place In Northamptonsbire. Echoes OF the
animated discussions to which Lady Spencers
Home Rule party of Inst week gave rise have not
ret died away. Political austerfty, 1t Is now
known, was carried TO the point OF withholding
Invitations from every personal friend, no matter
Rule shibboleth. Yet but five Irish Members OF
Parliament are said to have been invited including
ar Parnell and Mr.. Justin Mccarthy. Society,
which saw itself thus for the first time excluded
from Spencer House, Processes to wonder wnst
sort of people can have been present. Yet, IL
Lady Spencer, Lady Rosebery, Lady Granville
and others who might be named are not competent
Co giye the stamp Of distinction to poiltlcal
drum, who couldP
Perhaps the real struggle will begin after Easter.
Lord and Lady Rosebery are gone abroad Tor three
weeks When they return 1t will be to their new
bouse in Berkeley Square. People are already ask
lnp whether they will adopt Lady Spencer's policy
whether Mrs. Flower will do the same at Surrey
House and whether London is really to be divided
socially into two political camps.
There Is. I believe, foundation for the report
chat the German Emperor desires to confer
German order on Sir Morell Mackenzie. The
Emperor's confidence in his physician ana ms
gratitude to him are boundless Sir Morel' what
ever Letides him hereafter has kept his patient
alive long enough to ascend the throne, which was
the Emperors one chief wish for personal and
family reasons. The brief period OF his reign has
been used to reward old friends with lavish
hand 1t has rained Black Eagles In Berlin
Decorations Of every grade, and promotions civil
and military, have been freely granted, the moro
freely lest delay should prevent their being granted
at all Sir Morell has sacrificed much to the
wishes Of the Emperor, and remains with him re-
eardless of his own interests, and at some risk
even to his life. He cannot accept or wear
foreign order without the Queens permissions
which in this case Win almost certainly be given.
Miss Mary Anderson has passed successfully
through the ordeal by which her English reputa-
tion was to stand or fall. There can be no ques-
tion that the season at the Lyceum, which closed
on Saturday, has been q commercial success. As
an actress she stands where she did but as
fsvorite of the English public Der position is now
after three seasons secure. The critics have dis