The morning call., 1891-03-08
BEAR .RUMORS
REVIVED.
Depressed Condition Of the Lon
don Stock Exchange.
Evidences That the MCCarthyiteS Are Losing
GrOund-The Feeling in England Re-
sardiDs the Canadian Election.
Special to THE MORNING CALL

NEW YORK, March S.-The Tribune's
this week of bear rumors in the Stock Ex-
change, which are evidently reflex of the
newly aggravated situation in Argentine.
Several houses have found it necessary to
give each other friendly assistance. The
Muriettas have almost ceased to be talked
about, because they are now generally ad-
mitted to have surmounted their difficulties.
Though not customers of the Bank Of En-
gland, the latter has lent them ei00 600.
They have obtained other assistance else
where, and their position is now considered
stronger than it has been for months past
Three of the largest financial houses of the
city were rudely shaken by these bear at
tacks, but there is no substantial ground for
believing that any one of them is seriously
affected, or that we shall witness any big
disaster The suicide of the junior partner
of Coutts will not affect that bank.
Yesterday the Freeman's Journal con-
tanned a history OF the split in the Irish
party from the pen Of j. G. Redmond. He
holds that the brief speeches of Mccarthy
and Healy at the Leinster Hall meeting,
show that with a knowledge of Paraelps
conduct, knowing also that he did not in
tend to make any defense in the OShea
case. these gentlemen gave him their en-
thusiastic support Redmond justifieS Par
nell's revelation of the Hawarden negotia-
tions, and says that if O'Brien and Dillon
had been in England in November there
would have been no split He of course
cOmmends them for having nothing 20 do
with the McCarthyites. The struggle be-
tween the two groups of Irish members goes
on apace. The anti-Parnelites, however,
do not seem to meet with much success. At
any rate they are doing little, seeming to
wait for help, which, however, never comes.
Their missions to Australia and America
are only one man delegations and the fact
of O'Connor's return to England seems to
indicate that the McCarthyites have lost
even his support. When he arrives in En-
gland lie will have to declare to which sect
he belongs
The Canadian question has touched the
still greater question of separation. En-
glishmen are beginning to ask thems selves
what would happen saOnld the federalized
items of the empire. while indulging in free
trade within tleir borders, nevertheless set
up barriers against the mother country.
Lord Salisbury'S speech this week contains
some OIL Tile strongest uecldTdllOBS ever
made on the Conservative side against the
British Government departing from free
trade conditions. This attitude might be
expected from Gladstone or the Liberal
leaders, but the Conservative party con-
tains many advocates of fair trade, some
even demanding protection and large num-
Der favOrlng the imposition of di1ferential
duties if thereby a British Colonial "zoll-
yerein" could be secured. Salisbury's dee
laraton is undoubtedly spreading.
Scores of CObdenites have abandoned, or
are ready TO abandon, their flag, now that it
has been revealed that no other country be-
sides England is prepared to carry out free
trade. As to the Canadian election it is
only conceded that Sir John Macdonald's
craft, trailing red-herring annexation, has
been the chief cause of assuring his elec-
tiOnal success, but there is not one English
man in twenty who does not believe that
sooner or later Canada will be absorbed into
the country of the stars and stripes. The
only practical scheme likely to check this
natural gravitation will be the establish
ment of an imperial federation embracing
all parts of the British Empire with differen-
tial duties.
There is much feasting and dining in the
West End Mrs. Mackay gave an entertain
ment with lavish splendOr at her house in
Carlton Terrace Tonight