New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-16

cOnliicatiOlS which NOBODY exactly ui"'''''''
which every body Therefore handle, SinscrN '"'
Governments evasion Of all explanations II 10 wv
silver situation In India. together with their d'c''o"
10 postpone debate on the subject until ;f i"'io
duciOn OF the Indian budget. proves how NV" -"
experiment Of reNOuiOnIzinS the currency y UNIV"
stood in the highest Official circles here. FIo" '
time when the first news OF lndia'S action ANN "
umtil ~ present moment responsible mchV' VI
the Government ha, gwen any indication ol hio"'',
whether The rupee Ia, absolutely hN'd Na'ur y"
sixteen p~G or not. The rndrrsecrctary Tor l''u'
Informed the House OF Commons that the r"Pre
would be- valued at sixteen pence unless It's 5o,"
value reached that sum- bat WHe" 81
John Lubbock asked whether or not inc
Indian Government would give goa "'
rupees at the rate OF sixteen pence. Nj "E'u''o"
declined to give any direct and positive answer ~,
confusion Of the official mind III hi, matter + reI"o'u
generally complete and IT battle, the 'kill oil 'h'
best financial authorities in London to construct
method from the racmrnlary facts nj la H. Tue con-
scnsls Of opinion H.. however, that the Indian '""o"
has committed gigantic blund"r and l. trusting U" ~"
future for some lucky To modify The consequences
Of lis bungng. Meantime the only luck attendant
upon the Councils course has been the placing VI d"
loan Of cl,3OO,00c at % per cent. or about IL
per cent above the fixed minimum. Ihi- loan has
enabled the Council 10 refuse tenders for ioriy I''
Of bill, offered in London. The applications for t''"
ILLS called for only = IL laos lraoto below
sixteen pence.
On the stock Exchange the Council + believed to
have got Itself into the worst muddl" That any
reputable Government ever "a hcrcd round II. Inc
>lrinhagc OF values on the stock ENchangr III c"i-'
qucncc Of India, action /, estimated to have been
already $50 OOO0p0. rhc loss 10 commerce las been
ncalculabc. The financial newspapers dl-ct-s IA
vorably the proicct of international agreemcn is
the best way out Of the trouble. y, Il ha>i, al me
agreement they suggest the free coinage Of silver at
Flf a. WtnfN a. Y
the situation is that despite the closing Of the minis
the free coinage Of silver, there 10 fair demand
for silver for India.
Considerable anxiety Is felt 4, TO the course Of the
Foreign Office amid tir diplomatic comp Hions which
are multiplying fast around II. The farl Of ho,c
berry. whose rcroen2et tact in guiding th" British
foreign policy formerly inspired general confidence.
Is known To- have been rendered less COMPETENT som"
time either by Ill health or ecr"nir'iy In ih'
absence Of his steady hard The Foreign Office has
drncd int, dangerous ways ana sc'rn, 10 b, making
no effort ~ be- ter IT. position. Although Great
Brilains relations To Franc" in Egypt. siam AMI
Matchmaking have hrc9WG Hngi~l-ani. Il -. not
has been absent from hi, post sine" early IN
last month. No French Manifestation Ia. been in
Egypt, who ought To be- In Cairh. remain, at Carl
bad. sir Francis Clare Ford + absent from hi, post
in Con,tanmope. Ills acknowledged incompct' nee
10 deal with delicate situation. moreover, Ia, caused
Il general demand that special British Envoy be-
sent 10 the Porte. to remain there rs long ~ III"
international horizon shall be- cloudcd. Nothing l.
done. and Great Britain's foreign policy drifts Mean
time France and Russia are eNcrting themselves In
rotary indposcd and the I'rim, Minister d"vu,d in
cc>,anily t. the Home Rule struggle" they ar" cN-
plotting their rarc opportunity to bring matter, in the
East their way.
The United States cruiser Chicago which has been
stcamine along III" lri-h coast VIII proceed to 'ows
that ia" officers may hr present thu Yacht 10
be- contested by Royal Phelps CARROTS Navlh1r.
Sir samuel rakcr the AEcan explorer advocates.
I'm letter concerning re sinking Of The war~hip
Victoria. that FlglanG form nOtilla ~ rams. each
with speed capacity ~ twenty knots an hour.
The first public appearance Of the Duke ~ York
since hiS marriage radc AZ caiil" sal" In san
dIineh1m. lie ch'"frd h.ar'uy. II" and hl-
lrid" seen frequently driving together In
phacron round Wolfor'|n. II" Duchess alWat- Lls
the rcln>. She look happy.
The Dul." 81 Ecdf,i. on" n the richest AM most
unpopular ~ London arfold-. ua, refused {" r'icw
n" lease 81 the EiurN In" Theatre. Therefore.
after existence Of 26 ycaIs tn theatre viii De- de-
molshed.
The Rev DR.. rerSon. Of Philadelphia. who preached
for time I'm >purgcon~ Tabernacle. VIII sail Tor
Ncw-york July 30. since bidding larewrll 10 The
Tabernacle congregation he ha. passed several week,
ou the Continent