New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-17

Chamberlain, In his new charact r as PROTECTOR
Of the colonies. is at work on his reply TO Mr'
Olney's long argument In the Venezuela case
Lord Salisbury having entrusted it TO him. ana
the Governor of British Guiana being here 10
coach him.
Senator and Mrs. Lodge have greatly enjoyed
their tourney TO Spain. and returning to
Washington In excellent health. The Senator $
delight over the results Of the recent American
elections was expressed with keen twinkle OF
the eye and glow of enthusiasm in Els race
He considers a Republican President as good as
elected and is unwilling to concede that the
House. with Speaker Reed to direct its policies
can make any blunder grave enough to prevent
that result.
Mr. Balfour after long period Of recreation
and retirement. has emerged in Glasgow. and
hes made a series of speeches In his best man
ner or criticism of the recent Government ana
badnage at Lord Roseberys expense there was
r,uch but Of exposition OF the policy of the
new Government there was little; still. he de-
lighted his audiences. made strong defence of
the reversal Of the previous Governments pohcy
in Chtral. and sustained his reputation as lead
er with rare discretion and large resources OF
tact and good sense.
Mr. Balfour unlike Lord Rosebery, does not
make the mistake Of being so jocose and Jaunty
that his argument ceases TO be serious ms
audience laughs heartily over his epigrdms and
caustic w.t. but is impressed with his seriousness
and dignity; as when he warns Englishmen that
prestige means many battle-ships and many
army corps. and that loss of it will imply the
downfall Of the Empire Mr.. Balfour. like his
colleagues paid high tribute 70 Mr.. Chamber
lain. and the important work he would be SURF
70 do in expanding British trade and strengthen
tnx the ties between the moth er country and the
colonies.
1t is really touching to observe the solicitude
shown by Her Majesty's Ministers respecting the
Colonial Secretary and their unwingness 10
have him disturbed in or diverted from his de-
partment work. The Government ought 10 sta
ton two hussars from the Horse Guards in front
of the Colonial Office. with instructions to say
to every passerby: Mr.. Chamberlain is there
evolving great policy; pass on quietly and don't
disturb the master mind by talking general poll
tics" Meanwhile he is devoting himself to his
office receiving depCtatiOn after deputation
making many speeches, but keeping quiet re-
specting the precise method by which "the ne
elected estates of the Empire" are to be made
prosperous through the inv ,stment of Imperi Il
money. Not even the West Indian sugar plant
ers received any inkling Of st when they raised
the question Of the ruinous condition Of tfoir in
0ustry under destructive competition from Gnr-
many
There has been much political oratory during
the last few days. but only one courageous
speech on the Liberal side. Mr.. Asquith. at
Bristol, took the sensible view that the Liberal
strength out Of all proportion greater in the
country than in Parliament; that the party drew
its vitality from the very roots of the National
character and that the time would come when
people would return 10 it and call upon II to re-
sumo the work Of progress. The bracing tone Of
this speech was a cue that might well be fol-
lowed by his associates. who are either silent or
respondent. Mr.. John Morley who now has the
chance of a seat in Scotland, will soon speak at
Newcastle but Sir William Harcourt is saving
himself for Parliament Mr.. Bryce is in South
Africa and Mr.. Arnold Morley on vacation
Journey the Continent.
The Irish Nationalsts, meanwhile, have en-
ployed the party machine under Mr.. Dillons con-
troll as the instrument for evictng Mr.. Healy and
his four followers from the party. As this result
was secured by the narrow majority of seven
votes, 1t will hardly operate to discredit Mr..
Heay. He will keep up running fight on the
island and A. Westminster. and expects some
day 10 capture the machine and reverse the vote.
Messrs. Dillon and Sexton who hate Mr.. Healy.
are doubtless gratified. and Mr.. Mccarthy has
done something TO enforce discipline, but there
what was once the united Irish party. with the
power of forcing the Home Rule question upon
the attention of the English people. Some good
people have argued that many sects and churches
were useful for the purpose of quarreng among
themselves and keeping alive the interest in re-
!gon. Perhaps the Irish faction leaders take the
same view of their politics. and really believe
that in disuniOn there is strength. one theory Of
this Irish feud is based upon the support which
Mr. Healy is receiving from the priests 1t is be-
lieved by some writer's that the clergy are weary
OF Home Rule agitation and anxious to substitute
FOR II a demand for religious education at public
expense. Whether this be true false. English
Roman Catholics have sent 10 Lord Salisbury
memorial in favor of putting denominational Or
voluntary schools on level OF equality, in point
Of financial support with board schools In Biz
mngham the friends OF voluntary schools. includ-
ing Churchmen. Roman Catholics, Wesleyans and
Jews. have held conference. An Anglican Bishop
presided. and arrangements were made for form
Ing permanent association and holding public
meeting. This is not the form Of church unity
which has been talked about lately, but ii is
something amazing II there be a similar CO.
operation among the friends OF voluntary schools
In London and elsewhere the Government may
be forced to take UP this vexatious question.
Lombard Street has passed an anxious week.
but the long deferred settlement Of mining
counts has been concluded with a great shrink
age in prices. but without disastrous results
Many members of the Stock Exchange who have
been specializing beyond their means have beer
assisted and unusual forbearance has been dis
played by the creditors of firms which have been
involved deeply by the rashness of their clients.
Hence there have been few defaults and only
few minor failures. The settlement here. in
Paris has been facilitated by the return of
fdence in the maintenance Of European peace.
for which Lord Salisburys Guildhall speech
opened the way. While South African stocks
depressed, the tone Of the market has greatly i'm
proved. The fact is clearly discerned that the
financial centres have narrowly escaped the