Los Angeles herald., 1891-09-27
,Caprivi Repudiates the New
Russian Loan.
He Denies That the Govern
ment Sanctioned 1t.
German Bankers Acted on Their
Own Responsibility.
The Explanation Taken with a Grain of
Salt-Minister Phelps Dimes Nota-
BILE Company-German
Cable Letter.
Associated Press Dispatches.

BERLIN, Sept. 26.-[Copyrighted by
the New York Associated Press. THE
government finds it necessary to explain
the policy of permitting German banks
to take part of the new Russian loan.
The unanimity of the press protests
convinced Won Caprivi that it would be
grave political error if denial was not
made OF the rumors circulated by the
syndicate that the loan has the tacit
sanction of the government. The North
German Gazette, the official organ, pub
fishes communication tonight, in which
it denies that the government is in any
wise departing from the path of political
finance which it has trodden. The Men
delssohns made confidential inquiries
from the foreign office as to the attitude
of the government towards the issue. In
reply the foreign office informed the bank
ers that the present political situation
afforded no occasion for the government
to interfere in any form. The chancellor
did not design in reply to convey the
slightest idea of approval. The bank
ers, the reply declared, are in most
cases. perfectly capable OF acting upon
their own judgment.
IT WILL NOT GO.
This semi-official statement wants
frankness in suppressing the fact that
the German houses before joining the
syndicate, were led to believe that the
foreign Office favored the issue of the
loan, here, on political grounds. Public
clamor against supplementing the cash
balances of Germany's enemy, has
obliged Won Caprivi to drop his COM
placency toward the loan. 1t will not
go here. Probably the government
never intended it to succeed.
AMERICAN DEMAND FOR BULLION.
A comnittee of the Reich's bank held
an unusually prolonged meeting today,
and decided not to increase the banks
rate of discount. The American de-
mand for bullion is in the meantime far
below what it was expected it would be.
czAR AND KAISER.
1t is reported that Emperor William,
who is at his shooting lodge near
Eydtkuhnen, met the train conveying
the czar on his trip to Russia from Den
mark and had conversation with him.
wALDERsEE's RETURN TO FAVOR.
The Post tonight, referring to Won
,Waldersee's restoration to imperial ia
vor, states that the emperor has nomi-
mated him to the command OF the Garde
Du Corps. This will keep Won Walder-
see in Berlin and give him the ear OF
the emperor, with whom he will have
greater influence than ever.
THE GERMAN ARMY PRAISED.
In an interview, Captain Bingham,
the military attache OF the American
legation here, who has just returned
from the military maneuvres, dilated
upon the courtesy he had received from
the Bavarian and Prussian authorities,
who gave him every opportunity to see
every thing of interest.
Captain Bingham said he was greatly
impressed by the wonderful uniformity
of training shown by the soldiery on
parade as we'll as in the field. The
marching power of the German army,
he declared, was almost incredible.
Speaking of the fighting qualities of the
army, Captain Bingham said the main
factor in real war is the marching
quality OF the men, adding: "When
you can count on having your forces
always on hand at the right moment,
you can win by force OF numbers"
EMPEROR WILLIAMS ENDURANCE.
Captain Bingham spoke in the highest
terms of praise OF Emperor William IS
untiring energies in the saddle. His
majesty, he said, took the field at a.
m. and remained until 3 O'Clock in the
afternoon. Even the empress, who
attended the reviews, remained in the
saddle for four hours, although the heat
and dust were sitting, she smilingly
saluted the troops as they passed, filling
the soldiers with the greatest enthu-
siasm.
In conclusion Captain Bingham said
he had learned enough of value and
interest to the American army to com
pensate him for his fortnight's fatigue
and hord riding.
PHELPS GIVES A DINNER.
A dinner was given tonight by Minis
ter Phelps at the American legation, to
ex-United States Senator Warner Miller,
Mrs. Miller and Miss Miller. There
were present Chancellor Won Caprivi,
Herr Won Berlepsch, Prussian minister
of commerce; Secretary Rittenburg,
Mr.. Memorial, chief engineer of the
Nicaragua Canal company; Baroness
Berlepsch, Mesdames Bingham and
Ruecker, Misses Halstead and Phelps
and the British and Dutch charges
.d'affairs.
During the progress of the dinner a
dispatch was received from Johnson,
American consul at Hamburg, which
was read aloud by Mr.. Phelps. 1t read
''The first American pork certificate was
presented at Hamburg today for fifty
Tour cases from Chicago. Other ship
ments are in port, and many on the
way"
Mr.. Phelps told his guests if they
conld hold their sappetites for a few
hours they could have course OF Amer
ican pork.
PROF. wNsCHEID's CONVERSION.
The published stories regarding the
conversion of Professor Winscheid, Of
Leipsig, to Professionalism, are not ex
-actly accurate. His conversion was not