St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-12
His Rank .Opportunism Does
Not Inspire Confidence
Among Financiers.
Prospects of an European
Customs Union Against
America Very Slim.
Zanzibar's Dusky Ruler Will
ing to Part With His
Coast Territory.


at Florence is an indirect admission of
tue Figaro interview, which irritated
Austria by showing too open anxiety
for financial reasons to conciliate
France. King Humbert is said to have
conveyed hint to the prime minister
that he had gone little too far In this
direction. Hence his Florence speech
was aimed especially to concili-
ate Austria and assure her tina
it was to Italy's interest to re-
main III the triple alliance. Sig
nor Crispi's remarks have evoked
less enthusiasm here than in Vienna,
because those in political life are con-
fident that whatever hints in that direc-
ton Signor Crispi may make for diplo-
matte reasons. he is never likely to seek
an alliance with France. His rank OPP
portunism, leading to the opinion that
he would not hesitate to abandon any
alliance nor embrace any line of policy
profitable to Italy, does not inspire con-
fidence in the financial world. This
feeling was reflected by the decline on
the bourSe ON receipt of the speech.
The tone of the Russian press shows
teat the speech will assist the rap
prochement with France. The Novoe
Nremya says it makes it incumbent
upon France to come to a definite I'M
derStandIng with Russia in order to
neutralIZe the
DangerOf Possible Aggression
on the part of the allied powers. The
official press does not confirm the re-
ports that meeting will take place be-
tween Chancellor Won Caprivi and Sig.
Crispi. 1t is certain that no date for
the meeting has as yet been arranged,
but the Cologne Gazette says it will
take place in Northern Italy a few
weeks hence. Prior to his departure on
a hunting excursion to Hubertusstock
to-day, Emperor William received
Count de Launay, the Italian ambassa-
dor to Berlin. who presented to his ma
Jesty a portrait of king Humbert. He re-
ceiyed Charles Gibson, an American
professor of law, whom the emperor in
vlted to take luncheon with him. AS a
result of the new United States tariff
law. manufacturers Of clothing are hold
ing back their stocks. A large number
Of operatives will be discharged from
the wooden goods factories in the Gruen-
berg district in Silesia. and the weayers
at NOwawes, near Potsdam, are expect
ing lockout. The press comments on
the new tariff continue, and
tiC quootioH VI European
tariff campaign against Ameri-
ca, or German-Austriau customs
union. is still eagerly discussed. The
rumor that the government had opened
negotiations with Austria caused COM
motion among the manufacturers in
Austria and agriculturSts in Hungary.
But since AuStria'S rejection of Bis
marck's offer Of modified tariff treaty
in 1879, both nations have adopted a
strong protective policy. So many in
terestS are engaged on both sides that
no soberminded man believes that such
a project can be realized at the present
time. The North German Gazette's
warning against
CherisI,ing Such an Illusion
on the subject is too we'll justified. The
German exports to Austria amount to
500, 1000, 900 tlorins, of which OO,OOO,O 900 is
in textile fabrics. The Austrian ex-
ports to Germany amount to 100000
fiorins and consist mainly of raw prod
ucts and agricultural produce. ANY i'll
crease in the latter would ruin German
agriculture. while an increase in the
former would imperil the highly pro-
tected Industries of Austria. Any
change will be hailed with delight by
Hungary, but will be stubbornly re
sisted by the reichsrath and the
farming interest. The reichstag and
the German government are not likely to
risk entire loss of the American market
on the strength of the reciprocity clause
by cooperation with Austria, who loses
practically nothing. The Vienna cham
Der OF trade and commerce has opened
an inquiry into the mother-of-pearl
trade, the turner's in which are willing
to emigrate to America, but lack the
necessary capital to insure their adj
mission to the United States. Rus
sian agriculturlStS are counting upon
expected European reprisals for
the new tariff to find larger
opening in European markets for their
corn and cattle. Numerous deputa-
lions have been asked the government
to apply to the Western powers to IA
cllltate the Importation of Russian cat
tie aud meat. Measures will be taken
to guarantee the health 81 the cattle
and swine exported. The railways
have been ordered to favor exports by
reduction in their freight rates. 1t has
been settled that the sultan of Zanzibar
Will accept 100000 marks for his
Cession of the Coast,
but it has not been decided whether the
government or the German East Africa
company will pay the amount. 1t is
doubtful if the present reichstag will
sanction the payment. and the govern
ment is reluctant to allow the company
to acquire sovereign rights in the terri
tory in question. The negot iations are
still progressing, and compromise will
probably be arrived at, the company
cedlng its supreme rights to the govern
ment, in. consideration of the latter
raising loan to pay the sultan for Civ
ing permission to the company to con-
tinue operations.
A statement in London paper to the
effect that the prospects in Zanzibar
are gloomy, as the trade is leaving the
island for the German mainland ports,
is much commented upon here. The
colonial papers are exulting over the
good bargain made in acquiring Heligo-
land for Zanzibar, which has become