The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-11-26
LATEST NEWS FROM EUROPE.
<HEHI0A FIRST TO GET TEE NEWS
OF THE ITALIAN CRISIS.

OF THE ITALIAN CRISIS.
~ stre-g Mas L,hs Cri.pi Needed at the
Hsin-Gr.vs Financial Disaster LIKELY
60 Occur II Lorao--'Ths Irrp.r,.i Fedora
O,a Ceuntry uesss Mr.. Henry white
Mss Rsntsd-A Co-,pists I.ternations,
Bisssiist OF Au.rehist. 60 ne Kept-Th.
Dypsure Coio-y .. Lonaon Growing
1,aoo.ooo Mes Took Fsrt In the Fall
nr..~pvres-sooisi Statistic. In Crowded
Lo.ae.-Prfueess Eiizsb.th Prefers the
Mas Of Her Choiss 20 = Throue-Mrs
. Ls.stry = witusss :, = Suit Against the
Exssptor- OF 'ss-ir. Abipeto.s Estate.
LONDON. Nov. 25.-England reiolees in the
end Of the famine and suffering entailed by
the bloodless but no less disastrous coal war.
She also congratulates herself modestly on
the subiugation Of her helpless foes in South
Africa
Italy. on the other hand. IL taking her first
steps In perilous paths from which she can no
longer be held back. but in which even
progress toward danger is relief from the
dark spprehensions OF the past few months.
II IL curious fact that all the world except
America was compelled to wait till to-day for
an adequate news report Of the investigation
Of Italy's great bank scandal and the exciting
session OF Parliament on Thursday which led
TO the downfall OF the Giolitti Cabinet The
London newspapers Yesterday printed only a
stupid paragraph furnished By q moribund
news agency. while America received. through
the United Press. o full and graphic history OF
these important events.
The situation In Rome 10 indeed critical. A
strong hand seems i'm peratively necessary in
thu and Girnar Crie Ia tha nIv
public man whom IL 10 possible to credit with
great executive ability; but the Rome corre-
apondent OF THE Sun telegraphs that Crispi
himself 10 under such grave popular suspicion
In connection with the same financial scandal
that the wisdom OF an appeal to him 10 much
doubted.
The report OF the investigating committee
was ss mild as It was possible to mako II. The
best possible construction was put on all evil
dencs duplicating public m en-. and the general
belief II that the revelations are by no means
complete. King Humbert knows this, and
hence the impression that he will try to patch
up Q makeshift Cabinet Popular confidence
In personal government 10 felt TO be essential
New taxes must be imposed. but will yield
nothing unless confidence 10 restored. Many
believe. therefore. that Crispi should be re-
served for . greater crisis when only die
tatorship will avail. Such crisis 10 likely to
arise at any moment.
London 10 threatened with great financial
disaster. The danger IL known only to o lin
tied circle. wherein the gravest fears are felt
The weak spot is . house. only less important
than the Earrings at the timo Of their collapse
IL has no American connection OF Importance.
and Is most prominent in East Indian Affairs
and Persian finances. The head Of the firm 10
intimate with the Prince Of wales's set and 10
leader in the highest society.
The Arm has suffered from the prevailing
dulness In the last three years. ana. Il is re-
ported tried 70 improve its ce-Git.s. Z. Ss....A-
class speculative ventures These resulted
disastrously. The house applied to tho Bank
of England this week for help. The applica-
tion was refused. The firm may get assistance
elsewhere, but this Is doubtful Unless 1t sue
eeeds crash will come which will prolong the
present period OF liquidation and distrust
many months longer.
The Official version OF the troubles OF the
Bank OF England, made public this week.
doesn't tell the whole story. The statement that
the banks losses does not exceed 500. 900 10
denied By some leading bankers having extern
sive dealings with the institution. One Of
them said TO me to-day:
The bank was induced by Cashier May to
accept many OF the Murietta securities before
the crash In them He also took many Mid
dlesboro Townland securities on the same
Recommendation. Some OF the load Is borne
By the trustees and executors. An insurance
company. now bankrupt. was also transferred
TO the Old Lady OF Threadneede Street. The
depreciation in securities since received By
the bank 10 fully q million sterling. It does
not follow that the bank loses this amount"
1t IL significant news that the Governing
Board OF the Imperial Federation League voted
as. night to dissolve at the end OF the year
The great scheme OF bringing the British colo |
mica. especially Canada and Australia, into
elossr relations with the empire has been |
abandoned As unpopular and imprncticable |
Tho Idea was to organizes new I'm periAl House |
OF Parliament In which the colonies should be |
represented. but public opinion In the colonies
was either Indifferent or opposed |
20 the idea Prominent men In both parties.
Rosebsry and Salisbury. favored the |
scheme Persistent agitation and flood Of |
pamphlets however. have failed to create any |
colonial sentiment In favor OF closer intimacy
with the mother country. 30 the concern will |
shut up shop
American society in London 10 looking for
ward with much interest to the return Of |
Henry White. who 10 expected before Christ
mas. He has taken . lease OF Loosely Hall.
near Guilford II lie nne old mansion OF Six
teenth century architecture. 1t has an impos-
ing entrance and Is approached through
moat The grounds are spacious. with beau
tful lawns and large gardens The estate
Abounds with game and includes a beautiful
lake and boat house. The house Is delight
fully furnished. including many fine old tapes
tries and much old English carved furniture
cad. OF course. the usual haunted chamber
No one yet prstends to say what are Mr.. Whites
social plans.
Mr.. Roosevelt. First Secretary of the Ameri.
can Embassy. was at work at the Embassy all
the week. Mrs. William Astor Is with him He
will soon take house in the West End.
The important question occupying the at
tsntion OF several European Cabinets this
week 10 whether the time has come for inter-
national cooperation against Anarchists.
Practical steps in this direction will probably
bs taken soon. but 1t 10 doubtful II tho meas
uTes adopted will take the shape OF . formal
Agreement between the powers. The Paris |
Project OF Police suggests the best reason for |