The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-30
LONDON THE HEAVIEST LOSER.
EVEN THE GERMANS MADE MONEY
BY THE ENGLISH PANIC.

The German BOurses Never So Badly
Ratified over American Securities
ns the EngIish-SpecuIatO ut Ber-
lin and Frankfort the First to He
gin buying on the SIump--Baron
Hammerstein Arrested After LeRv-
ing Greece.
Berlin, Dec. 29-The reaction toward
confidence in the future of American
finances. especially as affecting interna-
tional monetary relations, has been sur
prisingly rapid within the last few days.
Berlin and Frankfort took the lead Of
London in speculative buying of American
stocks, and operators here have on the
whole. benefited by the selling which was
done in London, and at no time during
the Wall street panic have the German
bourses been so much influenced as was
the English market. The buying set in
earlier here and even investors took
chance in securing stocks at low values.
The bourse closed notably firm on Satur-
day, after considerable buying of Ameri-
can railroad securities. The course OF
operations here gives evidence of the de-
creasing influence of London upon mat
ters of finance in which German finan-
ciers or investors are interested. Finan-
ciers are no longer inclined to accept the
tendencies of the London market as a
good guide I'm important monetary enter
prises at the present moment 1t is not
forgotten how Germany absorbed the
American loans at low values during the
war between the American states when
the bonds were almost unsaleabe in Lon
lfat, HVn nfu1
houses seem to hesitate over the recep-
ton of a new bond issue the Washington
government, If ii is desirous of having
foreign markets take part In the loan,
gotiate The belief here in the perman-
ence of peace between the United States
and Great Britain is absolute, and the
general conviction in the recovery OF a
healthy condition Of American finances Is
mistaken.
The capture I'm Athens of Baron Won
Hammerstein, the former editor or the
Kreuz Zeitung. who absconded under
charges of forgery and embezzlement,
created a tremendous sensation in polit-
ical and social circles when his arrest be-
came known on Saturday. The arrest or
this fugitive has cut the ground from un-
der the feet of the socialist leaders, and
may even be said to have carried away
the feet of some of them. All along one
of the chief weapons Of the socialist press
and the socialist parliamentary leaders
has consisted OF insnuations that the
government lAu cOnniNeu at Baron HAM
merstein's escape and froWned upon gen
uine attempts TO bring him back in order
to prevent disclosures affecting the con-
servative supporters Of the government.
The capture of Baron Hammerstein has
taken the wind out of the sails of the
socialist craft, and rendered the Ham
merstein letters, which the socialists were
holding over the heads Of many conser-
vative members of the Reichstag, almost,
II not wholly valueless as terrorizing
measures. There has never been a mo-
.lH rE
Hammerstein that the government has
not been earnest and unceasing in its en-
deavors to find him and bring him back
to justice, no matter who might be in
iured nv anv revelation which HIS pros-
ecution might entail.
The political police tracked him through
Switzerland and Italy and finally spotted
him as he was landing from q steamer at
Piraeus the port of Athens, FIVE miles
from that city Having run him down
the police commissarles watched him
in making applications In secret to the
Greek government for his surrender The
government OF Greece does not extradite
culprits except for capital ofenses, but
under pressure from Berlin, the Athens
authorities took advantage of Baron
Hamr1m1lse,rstein having recorded himself
the kingdom as an anarchist suspect
Baron Hammerstein was therefore com
PEELED to leave and embarked on q steam
er for Brindisi. The German police also
took the steamer and the moment the
vessel sailed commissary Wolf OF the
Berlin political police. placed him under
arrest. The conduct of the government in
the Hammerstein matter having thus
been vindicated the police will be allowed
free hand 10 pursue their plan of So
cialist repression, while the conserva-
tives, no longer deferred by socialist
menaces Of damaging revelations will
urge repressive measures in the Reich
stag.
Berlin now has the prospect of an ex.
tremey racy scandal season between
the Hammerstein case and the revelations
contained in the Won Kotze documents
which are in the possession of Fritz Fried
mann, the absconding Berlin lawyer. Ac-
cording to current report friedman is
now in, London. where he has prepared a
pamphlet attacking high legal and po-
litical persons which he threatens to pub
lish if the German authorities molest him
anywhere. It is understood that Fried
mann wants formal permit to return Ia
Germany, nominally incognito, in order
to settle his affairs and is now negotiat-
ing with the proper authorities in Berlin
to that end.
RAILROAD TO SOUTHPORT.