New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-04
THE NEWS OF EUROPE.
THE MONETARY CONFERENCE AND ITS DE-
LIBERATIONS

a1LL-uGANpA-THE SOUTH MEATH
ELECTION CoxTEsT-TnE LON
DON COUNTY COUNCIL
-, cAp1E TO TIE IRIpUxEI
tcopvr,on,; 1892. BY The Tribune -4s'o'o''o",
London, Dec. 3.-There is an lnpre' thc
h,, erroneous. that the American deiesa'cs u"
w w 80 C...noo ot Prussels are overmatchfo'
T1o, do NOT ne a body hold their own' eaS o'i"Na
- vo ,nfr;endlv They understand siiNci ,''t
,uou from, tho Nevada and silver baroh P''"' -
,,;.,, not CO we'll as a great international d''
t,r There are one or two e%cepWohs' o
two. American delegates who nave '"e ''i
knowledge and financial competence n, 4,
The interest of the week has turned oh ~.
fred de- Rothschild's proposal EUROPA" 49, 80
tics seem surpri.cd that this scheme s.'o"'' "
cenerallv condemned in America lneN wv NV
grasn the fact that America, thon9h IL ""'
silver interest, objects to pnihhe cne'''uF ps.S
Oh. fire for European Governments Inc ho'"
s.hud nronosal was made in perfect good iai'h'
hu, tho share assigned TO America IN SUSTAINING
49, si,ver market was none the less e\cessl'c'
:, seems 70 have been assumed, both In brusScis
and New-York that Mr. Alfred &c ho'nScnii'
r.nrcecnted both the British Government anu lid
avn firm. II is doubtful whether he had any au-
.horitv 10 commit the Government whoSe oeicS"'o
Ia 10 or any intention of doing so, ana SUN noic
aouhtfnl whether his views are shared py t'o
Grm or firms of Rothschild IN London or oh '"o
Continent ~. o;n.od
10 examine this project is oeheN'" " .~Np''' ~
~. rrenonderancc of opinion in the Conference
~ whole Whether its substantive recon-
,nsndations are likely to he approved is another
r,o,,er H. may be useful 10 add that Mr Alfred
do Rothschild's opinion seems lately to have un-
derpone some change. and that the chanee uocs
not affect him only. lie is mohometalis'' DO
he ALWAYS was and as he must ne nut IL j.
~ a monometallist that he thinks II deSiraoe
IN do something TO avoid that smash III SILVER
which. without some remedial measure on iarsc
scale seems inevitable. The disappearance or
decadence: of silver would create great "e-
mand for gold all over the world ihe one
Anahcial aim of England. the basis OF her o"'iA
inc and commercial system, is to keep great
reserve of gold in this country. She uoes no'
wish TO be forced to strong measures IN order
,o teen H. or TO see the value of gold much
increased beyond its present stanhard Hence
Tho readiness AMI yhe strong desire oil 'Ie
r,orometallists who include almost everybody
in ENGLAND, to do something for silver
Tbe main causes of the overthrow Of the
roroh Ministry are two: NJ Loubct's weak
NOES in dealing with the Car1nauX strike, an"
his weakness in dealing with the Panama sc'n
dal The first shook the confidence OF the ".-
for classes, which his previous conduct oi a.
fairs AS a whole, had fairly won. "heh he
fcmporized with riot and compromised WIN us
srder and condoned violent attacks on pr'p'y
and life, he forgot that the first duty OF
f;ove,ruent is TO govern even when general
.,oct;on is near About Panama he Tacfi1ated
He allowed his hand TO he forced by NJ Dela-
have. He made himself the monthpiece OF one
NJ those emotional impulses which so often MASTER
the good sense Of the Frcrch Chamber lie FOL
loved. instead of leading. Then, after COM
mitting himself TO a parliamentary inquiry nc
sought TO limit IT, TO put legal technlcall'N Ill
the path of justice. 1t is ridiculous tha' 1"
st,onc Ministry should be upset the qucs-
tion whether corpse should or sh0nm hoV
be exhumed It could not have been upset had
not its strength been exhausted in previous com
,es.s NJ Ioubet might have fallen with honor
m either of the two issues. had he taken a
firm lire on either: or he might more probably
have survived both
NJ Brisson's failure to form Ministry in sue
cesson 10 NJ Loubet need not be regretted. 10
was NJ Brisson who brought in the corp". 10
is lust as we'll that he should take 1t away anu
himself with it. NJ. Carrot proceeded according
t ,,aditon in Offering nc Presidency Of tho Coun-
ell 70 the man who had defeated the late PreSi-
dent Of the Council. This tradition he observes
excent when the executioner is an extreme Radi-
cal like NJ Clemenceam. lie EOw carries II a
atom further ir asking NJ Casmir Perier to form
Ministry IL was VI. Pericr's refusal 70 take
ofico under NJ Brisson which spoiled his COM
bination NJ Pericr is, TO say the least De'Ur
known than M Loubet before he became
Prime Minister. 1t is supposed that nc VIII 'fS
70 rcconstitute the old Cabinet, minus NJ Lonoet'
NJ Ricard and NJ Roche NO man can eApec'
IN form a solid or stable Ministry during "' iie
OF the present Chamber Of Deputies bnt u'ere
must be a Ministry and a President OF 'o"nci'
and NJ Perier may fill the gap as well as announcer
The Panama Committee has at last snccefueu
in getting some positive testimony in support oi
the general belief Of widespread corruption. Money
was paid in large sums 10 Baron Reinach, ana
nv Baron Reinach 10 various persons and papers
Some names have been published. and more are
to come The list includes both Deputies and
Journalists Most of the Paris papers at flrst
suppressed the names of the journals said TO
have been brbed. Then they took bolder lire
and began TO argue that it was right to be brloed
So do some of the Deputies. The argument i
worse than the offence, reveals deeper state
of corruption, The incriminated papers ucludc
some of the most prosperous and powerful OF
the French journals, and some OF the most re-
spectacle, also. The two things do not always
go together.
Conflicts continue to arise between the Panama
Committee and the legal authorities, and very
curious acts are done on both sides. Ihc French
have ideae Of their own on such matters There
is however, a change, there are many ndlca
tions Of a change, in public opinion. The lnve.-
tigation WIS at first disapproved as was the Judl
cial prosecution Of NJ. de Lessep3 and the other
directors Everybody knew, believed, that
there had been corruption. Few wanted 1t hroreh