New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-01
are bent upon continuing their policy "''ho"
regard to public criticism.

bent upon continuing tneir Poi'''
regard to public criticism.
The prospect Of settlement tn lockou. III
the shpbuildng trade Is brighter. but the 'as'e''
stu continue to hold out against the engineers.
They are rendering great service to the genera
cause of trades-unonism Already many Vaiu-
able contracts ha'e been .ost. and much Work
diverted to the shipyards OF other countries
Receipts Of gold from the United States. with
the knowledge that more is coming. tend TO ease
the London market after the severe strain OF the
mining settlement but the action OF Congress
on the tariff and currency questions Is awaited
with anxiety. THE Economist" discusses the
American situation with clearness. explains thal
the Government has borrowed money without
legal warrant to make good the revenue dehci-
ency aside from the maintenance Of the god
reserve and says that the right course is TO IN
crease taxation and cover the deficit but 1t FORE
casts deadlock when the tariff question IS
brought forward In Congress and the President
renews the last years currency proposals. which
IL condemns faulty.
The volume Of inflated mining speculation has
been largely reduced in London and Paris but
so many lame ducks and disabled Kafilrs are
stir carried by large operators that the stock
market is not yet in It's normal condition.
England will probably soon have a chance or
taking the next instament Of the Chinese In
demnity loan since France is already loaded with
Russian securities. and the Paris syndicate has
not yet disposed Of the last block to investors.
The sentence Of Jabez Balfour. the Liberatoi
inancier to fourteen years Imprisonment after
two convictions, brings to a close most amazing
chapter Of rascality While the frauds were con-
Quoted on the most extensive scale. the leader
of this ring Of spectators was technically con-
victed on two minor charges. one of using up the
shareholders capital In paying dividends from
bogus profits, and the other of pocketing fraud
ulent commission in a real estate deal A few
other accompces also punished. but there is
a general suspicion that a good many other
whited sepulchres need disinfection. 1t is a COM
mon trick among London beggars who solicit help
from the wayfarer in the streets to allege That
they have been ruined by Jabez Balfour. This Is
a grotesoue exaggeration. but it is still true that
many thousands of homes and families nave
been wrecked by his gigantic swindling opera
tons, and the penalties are light compared with
the evil which WAS done. The only compensa-
ton for all the havoc and suffering Is the fact
that the town has been adorned with some great
structures Of marked merit which would not
otherwise have been built.
London's municipal parliament has been SO
provincial as to arrange for town clerk In 1u-
ture with a salary Of 1000. Other English cities
have this official and he is virtually the eXecu-
tive manager of the town government, remaining
permanently in office. The same plan for London
was violently assailed, and fears were expressed
that he might become too powerful ana be some
thing like a political boss. The revolt against
excessive taxation has warned the London School
Board that expenses must not he Increased. ana
a report in favor of increased pay for teachers
has been laid on the table. The vestries when
have enforced the DEGREES Of the Board and raised
rates until the taxpayers have become indignant
have taken counsel and given notice that the
education expenses oppressive and intoleT-
able.
The misguided attempt of the Elder Brethren
Of Trinity House TO pull down one of Sir Chris
topher Wren's fine buildings in the East End 10
make room for brewer has caused great IN
dignation and spirited efforts are being made
to prevent so gross act Of vandalism
Theatrical managers have been warned by the
decline in business that the holidays are drawing
near. and the public can be tempted to spend
money only by an unusual attraction. Many OF
them are either changing their bills CT putting
on new curtain-raisers The Markham will be
Withdrawn at the Shaftesoury, Her Advocate
as the Duke OF York's Poor Mr.. Potion at the
Vaudeville and several other theatres will be
closed. "An Artists Model" will hold the stage
at Days until January. "Trilby hourishes al
the Haymarket and Romeo and juliet con-
tinues to draw at the LyceIm although MIS-
Patrick Campbell has fell The strain Of the play
and has suffered from It in health. Mr.. How
ells's comedy, "A Dangerous Rufiian,' Is billed
for tonight at the Avenue Theatre. Wonderful
stories are told Of the Christmas pantomme when
Sir Augustus Harris Is preparing at Drury Lane
J. ~ F.