The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-17
BARNATo SAVES THE BROKERS.
THE INAFFIR KING CONES TO THE
RESCUE OF THE STREET.

tiOn Yet TO BE Accomplishments
owner of the Half Rater Spruce
Satisfied with HIS Treatment in
This Country.
London. Nov. 16.-The English news
/ papers, even the best informed journals
Of London, give no idea of the crisis
in the stock exchange during the fort
nightly settlement that is just over. The
announcements made by the press that
only three brokers had been declared de-
faulters caused chorus of misleading
congratulations. Those on the inside know
how weak the speculative position con-
/ tinues TO be and that nearly forty firms,
including some of high reputation. had
to appeal TO their creditors to allow them
/ extra time. or obtain assistance TO con-
/ tinue in business. OF these firms four
/ teen were involved in Barnato stocks.
| They received support from Barney Bar,
! nato, who did not finch in giving help
| right and left Though "A crushing panic
/ was averted, the difficulties are such as
/ to make liquidations slow. No material
recovery is expected before Christmas,
i and it Will be later than that if several
| firms who paid short on the settlement
/ do not succeed in closing arrangements
that are now pending.
| In an interview, Mr.. Brand, the owner
of the half-rater Spruce ", which was de-
feated by Ethelwynn, said that he re-
| ceivcd the fairest treatment while in
America. The racing was properly con-
Quoted. The steamers did not interfere
in the least except orce by accident, when
the owner of the interfering steamer apol-
ogized. His only complaint referred to
his protest, the refusal to support which
lost him the cup. Ethelwynn, in the sixth
race, he says, certainly violated rule "a, by
not keeping clear. The commit
tee threw out his protest be-
cause nobody on board of the
committee boat was able to see any vio-
lation OF the rule. The committee, he de-
| clares, ought TO have taken evidence on
/ both sides before deciding the matter.
| The Ethelwynn had just crossed the fin
! ishing line in the last race, after the
boats had been running with their sheets
| well eased, when the wind shifted dead
| ahead, and the Spruce " was compelled
| to peg to windward against the tide to
! get to the line 1t was this that made his
boats time look so very bad. fact that
the American press had not noticed. Al
| together, the Ethelwynn, as an all round
/ craft, especially for American waters,
/ proved TO be the best boat.
! The russ over the expedition that is to
! go to Ashantee to compel the king Of that
! country TO comply with the demands
/ Of the British ultimatum recently sent to
/ him is not justified by any aspect of a
| genuine war. The war office aftlcials call
| the dudlr police coercion, not war Five
| hundred white troops, armed with Mart
| lnl-Henry Carblnes and a contingent of
Houssas and West Indian troops, with no
Maxim or other guns, save their rifles
VIII march to Commassie, the capital of
Ashantee, where the king Is ready to sub
nit. A British resident viii be established
IN tne capital with suitable guard. No
hghting is expected as the power of the
KING is mere shadow. King Coffee, whose
power was destroyed by the expedition
led by the then Sir Garnet Wolseey, who
is now commander-iu-chief of the British
army, cost 10000 pounds to the British
eNchequer, against which an indemnity Of
9VOOO ounces or gold was eXtorted
Few of the newspapers viii send special
correspondents with the expedition, the
war ONCE advising that correspond ents
VIII receive no assistance. The CORES
pondents will have TO provide for their
own safety and viii have to furnish their
own food and ammunition. Each cores
pondent Will require 10 bearers 70 carry
his supplies.
Mr. Timothy Healys adherents boast
of his act in declining TO take his eX-
pulsiOn from the parliamentary commit
tee of the Irish party as a severance from
the party, and upon his insisting on his
right TO remain in the ranks Of the anti
Parnellites. Mir. Healy is at the same time
free TO take an independent lead, rely
ing upon his power as a parliamentary de-
batter ana his skin as tacucian TO COM
pei the anti-Parnellites to follow him.
Having thus free hand he can reaSserL
himself against the recognized leaders Of
the party in the House Of Commons,
while still claiming to belong TO the party.
1t is an astute policy, and is far more
| dangerous to the leadership of Messrs.
Mccarthy and Dillon than If Mr.. Healy
formed faction of his own. Mr.. Dillon,
recognizing the danger last night, told
a meeting in Dublin that should MIR.
q
followed hitherto the men who removed
him from the Commons would expel him
altogether from the party Mr.. Dillon
must have known that this was an impos-
sible menace. The anti-Parnellite leaders
are impotent to prevent Mr. Healy from
| figuring IN parliament as an anti-Par>
nellite They may repudiate him, bur
their power Of expulsion has been carried
as far as IL can be.
of the treasury and government leader
in the House of Commons made i've
speeches in Glasgow Thursday, but he
cOntrived in all of them to avoid making
the slightest reference to the govern
ment's programme at the coming ses-
sion According to all precedent, the
cabinet must have already decided upon
what bills win be introduced, and given
Instructions for the drafting of the meas
Sir Michael Hicks-Beach, chancellor of
the eXchequer speaking at Bristol,
vaguely promised the earliest possible
consideration of measures for the relief
Some revelation Of the governments
policy is found in a statement made by
Sir Robert Peel in a speech delivered by
him at TamWorth, which constituency
he represented in parliament for thirty
years. He declared that he had learned
from exclusive and authorized sources
that the government intended TO consOli-
date and take over all mortgages on land
by lending money to landlords at per
cent, thus enabling them TO save 2 per
cent, as most landlords have been obliged
10 raise loans at 5 per cent. The scheme,
according to Sir Robert, has the support
of several of the ministers. The West
Minister Gazette, describes the measure
as landlords cabinet bill. Such a bill
would certainly be the salvation of many
land owners, whose properties are heavily
mOrtgdged, but it would require the gov
ernment's fun majority of $50 TO pull it
through the House of Commons.
The Rt. Hon Sir Matthew White Rid
ley the home secretary, promised a dep
utatiOn of trade unionists who visited
him a few days ago that the govern
ment would introduce an employers liza