New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-23

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BOOTHS cAMPAIGS-MRs.
LANGrRYs CLEOPATRA.
rBY CABLE TO THE r,dBuSEIs
Copyright 1897. By The tribune A''e'a"'~
London, Nov. 22.-The English papers OF Mon
day 50 far overcame their dscretion-a beauuiui
thing in itself-as to name the Earrings II be
came right TO print on Monday what all the wor'a
knew on Saturday Down To Saturday the secret
had been singularly well kept. True. rumors had
been Aying about for months. But not TIL iass
week had this great firm male up their minus
10 take business friends into their commences
and to confess that they could not go on without
HELM While the negotiations proceeded WIN tne
Rank of England and others, about six men knew
the facts. Yet was the secret kept TILL the ums
came to apply to larger number
II H. be necessary to apporton Diane ana
.nraise In such matter, it Is to De said 'nas
City financial opinion runs all In one channel
was Lord Revelstoke who brought the HOUSE Oh
barring to its present condition. IL was because
Mr.. Thomas Barring could not dssuade Lord hevei-
stoke. the senior partner in the hrm, nom MS
reckless courses that be Withdrew some Year.
since, taking his millions with HIM. Lofo "e'ei-
stokes mistakes were two: an o'er-s"nsu'ne
temner in great speculative operations-for their
nearly 70 wreck. were essentially speculative, to
use no harder woodland a rooted belief that what
ever the Barings touched must succeed There
wore other mariners who agreed with Mr.. Thomas
Barring. But Lord Revelstoke bore down all opposi-
tion. Mr.. Francis Barring. the youngest partner
in the firm, is the one who comes best out OF
all this trouble Whatever concerned his department.
Of credits have been found by the committee who
examined the whole business in perfect order. lie
IL was. moreover, who took the helm when LORD
Revelstoke. seeing into what distress he had
brought the fret merchant house in the world,
broke down. He conceived and carried ont on the
part of the Earrings the arrangements by which
the house has been saved; and not this house only
but the financial world Of London and OF much
more than London 1t is agreed here that II the
Earrings had gone, anybody might have gone.
None can say to what extent the disaster mighs
not have reached.
II was upon this view that the Bank OF England
acted. The chairman of its Board Of Governors,
Mr. Littledale a man Of courage, Of resource ana
of the highest business qualities, took the lead
He took not only the initiative, but enormous
responsibilities. Next to him, perhaps comes
the First Lord of the Treasury, Mr. w. H. Smith,
he, too, prominently man Of business. When
his assent, and Lord Salisbury's and Mr.. Goschens
easy. The guarantee fund now amounts to some
thing like fifteen millions sterling. or the whole
amount of the Earrings acceptances out Tho
list not published nor likely TO be published, in
cludes some private names Of very wealthy men
in addition to great financial firms and banks
Il was known on Monday that the guarantee
would be ample. Yet there have been two bad
panics since These seem to have been due to
the extreme timidity Of the largest banks ana
money-lending firms, whose anxiety to strengthen
themselves led them TO refuse for awhile loans 70
ANYBODY on any terms. There was dimcuity.
moreover, about discounting the Earrings accept
ances. The Bank of England, when applied TO-
refused saying, The acceptance will be paid wnen
il natures but we cannot discount II. This
| locked up large sums.
The worst is now believed to be over Ar
| ,eptine finances are to be taken In hand BY the
Strongest committee that can be formed in Lon
don. and, if the Argentine authorities cooperate II
is believed to be perfectly possible to bring things
round within reasonable time, certainly long
before the three years now allowed for the liquda'
| ton of the Barring estate and the realization Oh
their great mass of securities. Their other pusi'
ness sound, and every effort is being made 70
keep hold of it by recognizing the hrm, into
which both new partners and fresh capital are
ready b enter. Lord Revelstoke is expected to
retire. Yesterday witnessed great reaction on the
Stock Exchange. confidence and buoyancy sue
ceeding = depression, and prices going up py ieaW
and bOuns.
An interesting account of Professor Koch's con.
sumption ere appears in Berlin dispatch TO this
mornings "Tmes, which evidently proceeds from
a. specialist His summary of the whole matter
| . vyh
monary. internal or external, can, when taken In
season. before the bacilli have done their work.
be cured, and is now being cured in Berlin by
the new treatmnt of Professor Koch" This writer
has seen over a hundred patients convalescing and
others cured, APPARENTLY for good, though ne ad.
mits that nobOdr can say whether the oaclih
NAV not return. lie gives an interesting descrip-
ton of Professor Koch's personal appearance.
which must be an awful shock to the readers OF
n journal from wfsh such vanties are supposed
to be vigorously excluded
Professor Koch is ,nhappily i'll from overwork;
perhaps also from consumption, due to his living
constantly in an atmosphere impregnated win
bacilli The secret ofthe lymph remains secret
Professor Koch exhibits it in vial. put stis
declines to say how it's composed. though many
of his assistants and medical friends Know H.
The world may know it, a few weeks hence. He
admits that there is use in treating patients
who are too far gone, ht believes that he can
cure those whose physica condition, tuberculosis
in early stages excepted. good: lie has twenty
patientG under his persaal charge, Of whom
fifteen are getting well, andive are no better than
when the treatment began. Berlin, says this hVsS
chronicler is consumption-razy. More patiene
are arriving than can find rom or doctors to iooA
after them. Lymph is excessively scarce.
The Ritaualistic party in tn, Church OF EnglAnd
have won very consderablcvictory. For them
IL is a victory not to be detected and outlawed.
The Judgment pronounced yesterday by the Arch
bisbon Of Canterbury in the Rsiop Of Lincolns
case absolves him from neart all the charges
against him. To the lay mind te points at isss,,
seem trivial enough, but there a great body u
earnest Churchmen to whom theI are profoundly