New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-03
my CABLE TO TIE IRIBUNE.j


rordon Aug 2-Colonel Euan Smith, Sultan
-, zanzibar under the style and title of Brltish
Co,erl- -Cenerol has abolished the Zanzibar slave
"a. Such is the first effect Of the British
nrotectoratc or rather of the agreement ior I"
a,o..ctorate which the Under Secretary OF state
ia ves,erdov in the House of Commons has not
80. haen assumed The decree contains stringent
n,ovisions which Colonel Smith may be trusted
% enforce II closes the last great slave market
on The eastern coast Of Africa. Nearly every
nor. On the coastline through which the slave
trade with Asia has heretofore been carried OIL
4. NOW in the hands of European Powers hostile
70 this trade, and disposed to carry into ehect
the Act Of Brussels
Patriotic BritoAs had the pleasure Of resdlng
an Thursday two separate telegrams, SIDE ny
side in the same evening paper, each announcins
che seizure of a British vessel Portuguese anu
Americans took these liberties in different quarters
~ the globe at about the same tune, ana one VI
them was In Alaska, about which the briUsh Pro-
nle are supposed to be sensitive But no Puo1'0
notice is taken and no comment is mace al"
Pehrinr Sea has hardly been mentioned this week
In English print.
Tho uroposed new Russian code against ule
J.ws-a very barbarous one-ecrts some strong
nro@ests from the English press. Inc EnSHs"
Foreign Office knows nothing about II, ou' q"eS
,ions in the House of Commons are hkeN 10 "e
repeated until the curiosity OF DOWNING ot'ee'
- 90 far stimulated as 10 bring forth some dlpio-
rnatc information from St Petersonrg' ii~ &
R,t;sb Ambassador, Sir Robert Morier, is or uii
lately was, in London on leave OF aosehcc anu
much occupied with social duties
The French Ministry has taken an atutude
a. sweet rcasona bleness and come to terms WIN
Froland about the Zanzibar Protectorate. 90 a'
leas, saw Paris dispatches Better still, they nave
abandoned their claim Of pre-emption right over
the COMO State, as against Belgium. botii o'
these acts are likely enough 10 occasion crlVlOI'i
in France, but are elsewhere approved
The Sultan of Turkey has put aside with cour-
age the Russian protest against the granting OIL
b~rats to Bulgarian Bishops in Macedonia the
berats have actually been sent and MI o'alh-
buoff's triumph is complete
The long official explanation of the Anglo
German agreement issued by the German Foreign
Office is remarkable for its goodwill TO Engaho'
coupled with an anxious desire to assure the Ter
mans that they have got a toleraoly good DAT
gain Both in Germany and in England the fran
ers of the treaty have now discussed it, defensiveN
rather than exultingly and observers infer that 1t
must be very fair treaty.
The approaching visit of the German Emperor
TO the Queen seems meant to be private pu
already is made the occasion for more IMAM oH'
outburst of sycophancy in the English press
leading Tory journal halls as statesman thii
emotional young man who mistakes impulses ioi
convictions bardihood for courage. and headlona
;r,natience for energy. The Emperor's first visit
is TO the King of the Belgians. He arrives II
England next Monday morning OF board hl'
Yacht the Hohenzollern. lie has been extremely
seasck in the Baltic but is nevertheless expected
N reanpear in the uniform Of British Admiral
which he wore last August at the naval review
All the non-offcial news of the Argentine re-
volt has reached the British public through
"Ihe Times, which had good correspondent al
Buenos Ayres lie in the midst OF the
street fighting and sent of long dispatches IRON
amid a shower of bullets lie is strong partlson
of the revolution is his journal, and so aPpar-
emily are the British public, whose views are
entirely financial The Times now calmly, or
perhaps not very calmly. suggests that President
Celman. having been completely victorious should
resign. II is hoped that Argentine securities
might rise if he did. But the news that the
President has acted on this disinterested advice
is unaccountably delayed
Mr Robert Gifen perhaps the first Of living
English statisticans contributes TO the August
Nineteenth Century" an elaborate paper on " The
American Silver Bubble The title sufficiently
shows what vicw Nr Gi1en takes Of the recent
silver legislation. lie expresses, however, many
interesting opinions, and ventures on some pre-
dctions. He asks whether the soft money party
in the United States and the silver interest have
really secured. or arc likely secure their two
inconsistent objects initiation and raising the price
of silver. They have failed in the first, insists
Mr. Gifen. He says: There can be no in
fation al al once. The silver notes 10 be issued
will have exactly tie same sort Of uses as the
silver certificates now in circulation; no more
and less So long as the quantity OF notes
issued is strictly limited. and the Government
receives them freely for taxes and dues, and pays
them out only in exchange for the equivalent of
gold. they will remain a level with gold. That
they nominally represent silver is of no conse-
Quence whateveI TLey vii! really be paper con
vertible into gold on demand. But such a cur
rency so handled cennot cause imitation. Prices
will remain az before, at gold level" There is
danger adds Mr Giffen, that in time il will not
be possible TO handle this currency. That is the
mischief of this Silver act. But its promoters
have missed their END through ignorance Prices
will not rise long the gold standard is main
tanned.
Mr. Gifen admits however, that the other OBJ
iect-a rise in the value Of silver is being at
tanned. He believes, nevertheless, that the rise
will be only temporary, and thinks even the pres
ent rise 70 some extent nominal, forming pa ri
Of the general rise of prices in gold incidental
TO a period of good credit So far it is not
nominal what the owners of silver and silver
mines gain the rest Of the world lose lie looks
forward. in any case. to grave monetary troubles
arising out of the attempt TO make gold and silver
both standard "a thing that is impossible, and
the people of the United States that they
are running most serious risk of financial dis
aster.
Parliament is winding up business with som'
rapdity. The really contentious matters have
all or nearly all, been disposed Of but th'
spirit of contention will not down Scot
land, however. has come 70 the front lnsteat
-. ant fr Enafe fel