The herald., 1895-10-06
ALL QUIET ALONG THE ATLANTIC


again coniuring up complications between
the United States and Great Britain and
in figurat;ve sense twisting the lions
caudal appendage all out of shape. This
little indulgence of their imaginative
faculty and display of heroic hostility
to the queens government, leaps into evil
dence with little or no provocation. Be-
cause a syndicate interested IN a large
land grant in Venezuela is meeting In
Washington. the men who fight foreign
wars on paper, have telegraphed the
statement all over the Union that the
state department has made demands,
which in their nature would be rrepos-
ferrous, on England that require that
country to agree to submit her Venezue-
Ian claims to arbitration at once or take
the alternative of war. But in matter
of fact manner the president Of the be
fore men toned syndicate takes the heart
out of the Jingosts' romance by announc-
ing that the meeting of the memb befs in
New York has no political significance at
all, being for purely business purposes,
and that his company is not intending
to embroil this government in trouble
with England. In addition denial has
been made at tile American embassy in
London that any extraordinary instruc-
tions have been received regarding Vene-
zueian affairs. IL would be very singu-
lar proceeding for this country at this
stage of the differences between Great
Britain and Venezuela to demand that
she submit her claims to arbitration
within limited time. Up to date Eng
lana has done nothing but claim q GER
tain quantity of territory now held by
Venezuela; she has taken 10 steps to en-
force the claim. When, if ever, she evin-
ces a disposition to do ths latter, it will
be time enough, if this country still ad-
heres to the Monroe doctrine and consid-
ers England's action an infringement of
the same, to make some sort of a deman d
of her to submit the controversy to an
arbitration tribunal. 1t is safe to say
that there will be no blood letting be-
tween two countries having such inti-
mate and valued commercial and social
relations over any part or all of Venez-
uela. The common sense people of both
will find some other more sensible and
amicable way OF settling disputes.
Neither country can bs bullied out of
stand for what it deems its rights, and
both countries have learned the unws-
dom OF war between them.
We would invite the attention of th ose
people who are continuously clamoring
about the scarcity of m oney and uonse-
quent high rates of interest to the fact
that New York City recently sold large
quantity of its bonds bearing only per
cent interest at small premium. OF
course there were NJ lis or butts about the
kind of money IN which these evidences
OF debt were to be paIu. Consequently
the capital was obtained low. Money on
gilt-edged security has never been so
cheap as at present, and the very dearth
of opportunities of the kind just noted is
bound to compel large amount OF the
vast accumu ulation in the centers OF
finance TO see6 industrial and developing
enterprises SO that their holdings may
earn something. Even capital becomes
tired of being idle, and returning conf
dence will stimulate it to enter produc-
tive enterprises with resulting benefits to
all.