The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-05-14
AN INDIAN HERO.
England Has One Great
General.
GREAT CROWDS HONOR HIM.
The Most Conspicuous Figure at the
Recent Dedication of the I'M
perial Institute.
Special to The MORNING CALL

LONDON, May 13.-The week has wit
messed remarkable tightening of the
London money market, aud all rates of
discount and the bank rate have increased.
We have had an unusually large number
OF failures among the smaller men OF the
Stock Exchange, and there is prospect of
more.
This little crisis is largely attributable
to the consequences of the Australian
bank failures. which has LED to con-
siderable export of gold to the colonies.
These failures represent eight banks, in
volving nearly 10000. 900 sterling, of which
100000 represent British deposits.
The Australian collapse was brought
about by undue elasticity of the Austria
liam banking system, which is very like
pawnbroking. and is very largely the re-
suit of panic. which has brought down
several perfectly solvent institutions.
The opening of the Imperial Institute
was magnificent function. The weather
was splendid, in fact too fine for the agri-
culturst, for we are now in a ten weeks
drought. The crowds were enormous. A
quarter Of a million people must have been
gathered within and without the building
along the route. and all were we'll dressed
and orderly.
There was no confusion, no cident no
Earring. After the royal Princes the men
most warmly received were Lord Salisb bury.
Balfour and General Lord Roberts, who is
just back from the East, and it was suit
able compliment to the great Indian
Princes who were present that Lord
Roberts had seat close by them.
The crown never had more capable
and popular servant in India thanthe dap
per little white-haired gentleman who,
with his breast ablaZe with decorations,
was seated on the fringe of that mass Of
oriental splendor where were grouped the
Indian chiefs and their suites.
1t is recognized that the British armies
have never had more skillful general
since the death of the Duke of Wellington.
The feats of Lord WoIseley will not COM
pare with Lord Roberts achievements in
Afghanistan and his skill as an organizer
Of the defenses of India as they stand to-
day from Beoochistan to the Peshawur
frontier.
Those defenses have been made impreg-
nable and some OF the stronger positions
are equal to Gibraltar or Ehrenbreitstein.
These successes of Lord Roberts career
were appreciated by the thousands in the
well-dressed crowd at Kensington on last
Wednesday and hence his magnificent ova-
ton.
The popular part OF the show was tie
presence of the colonial Indian troops.
The appearance Of this handful of mag
nltlcent soldiers brought home to the
spectators the consciousness of imperial
union embodied in the massive building
before their eyes. Gladstone was not
present at the function.
The prospects of the general election In
Germany are not at present very encour-
aging to the Emperor. Though the Radi-
Gals stood very firmly together during last
Saturdays division. they have since split
into two factions, but even this circum-
stance is not likely to give Count Won
Capriyi majority.
The Social Democratic vote is sure to be
increased probably from Sc to 90 and the
Catholic Center. which proved to be the
pivot of disaster, Will lose none of its
strength at the polling booths.
The Emperor's language to his generals
ut Tempel Hof is interpreted throughout
Germany as his declaration that patriotic
minority was overborne by majority
which did not represent either the allied
Princes. the people or the army, and has
greatly irrtated the constituencies.
The week has also witnessed revival OF
the auti-German particularst feeling in the
Southern States of the empire. 1t is prob
able that the first vote will be taken upon
many general issues, and that it will show
the anti-Prussian feeling above indicated
1t viii also be felt in the second ballots and
may decide the fate of the army measure.