Birmingham state herald., 1895-12-29
LANGUAGE OF THE CABLE Excitement Over the Venezuelan
 Dispute All a Fake. NEWSPAPERS RESPONSIBLE Our Financial and Tariff Troubles Attracting $ Europe's Attention. CHlNA's CESSloN TO GREAT BRITAIN ANew Issue of Bonds by the United States Is Watched With Much Interest
 and the Demand Is
 Questioned.
CHlNA's cEssIoN TO GREAT BRITAII

 condition of excitement under which the country was alleged to be laboring ow- ing to the attitude of the United States on the Venezuelan dispute, which ex- citement, by the way was only mani fested by the newspapers and not by the people, Prime Minister Salisbury spent the whole week quietly at his residence, Hatfield house, with his family and a few guests. Two messengers went daily between Hatfield house and the foreign office carrying dispatches. Those whose business, even during the holiday period, obliged them to visit the foreign office found the atmosphere motionless, and not trace of the recent supposed ex- citement. Few communications have been received during the week from any quarter, and most of those received were from Constantinople.
 Lord Salisbury, in appointing Sir Au- gustus Hemming to the governorship of British Guiana in succession to Sir Charles Cameron Lee, had in view Sir Augustus services in delimiting British and French territory in weJ1t Africa. The nomination of Sir Augustus was due to the Rt. Hon. Joseph Chamberlain, sec retary of state for the colonies, who per- suaded Lord Salisbury to make an un-
  tom in raising Sir Augustus from a chief clerkship in the colonial office to a colo niat governorship. Sir Augustus had studied the Venezuelan frontier question. He coached MT. Chamberlain on the sub ject and probably supplied Lord Sails bury with material information. The financial and tariff troubles of the United States strain the anxieties of practical men more than does President CleVe- lands message on the Venezuelan dis pute. Opinion remains in a kind of Sus- pense, behind which, however there is @ feeling of greater confidence in the imme- diate future than the financial press as sumes. A most eminent financial au- thor,ty told the representative of the Unitad Press that bonds of a per cent golc loan would be readily taken here. Thr..e per cent gold bonds would also find a European market, but coin bonds might be distrusted. As a matter of fact. European investors do not doubt there will be recovery in the finances of the United States. Referring to the proph- ecieE of a suspension of gold payments by the United States. the same authority holos that this should not seriously affect the values of American stocks. though much would depend on what premium gold attained.
 Sir Nicholas O'Connor, ex-British min ister of China, is spending a short holi- day here prior to going to his new post
 
 F. c. Lascelles as British ambassador. It has been learned that before he left Pekh Sir Nicholas procured the assent of China to the cession to Great Britain of four states on the Burmo-Chinese frontier, giving British trade direct access to southwest China. The terri tory ceded is an area eight times greater than the territory recently ceded by Chi na to France. British diplomats therefore chuckle and congratulate Sir Nicholas upon his acumen. An Anglo-Chinese commission is about to meet for the pur- pose of delimiting the new frontiers con- tained within the cession. A special military commission has gone to Yunnan and Zeichuen and arrangements are be- ing made for the establishment of British consulates in those Chinese provinces.
 Much interest is displayed in finan- cial circles here regarding the proposed new American bond issue. Pending the official announcement, however, of the is- sue of the loan, the interest to be paid and whether gold or coin bonds will be given to secure the loan, nothing def- mite can be predicted as to it's influence on the European markets. There is a difference of opinion here as to the recep-- ton the London market would give even to new bonds bearing 4 per cent in- terest, but it is significant that whereas a few days ago all idea of taking part of the issue was secuted, such an action
 
 The Times repeats the report that the Rothschilds have declined to take any of the bonds at the present moment It adds that doubtless capitalists will be found here ready to participate in the is- sue at satisfactory price. The Statist holds that in any case the bonds will not be offered in Europe. 5. - The Economist says that short dated 3 per cent coin bonds would certainly not be taken up in London. and, although they were placed in the United States, the treasury would be unable to retain the gold realized by their sale. as 1t hitherto has been unable to retain the proceeds of former emissions.
 The Daily News, in its financial arr ticles today takes a view similar tothat held by the gentleman referred to as au- thority for the statement that per cent gold loan would be taken here. This view, the representative of the United Press can positively affirm, is now the leadinglone entertained in the city. where the disposition grows to consider the loan purely on its merits.
 The Daily News contends that any de- finite official intimation of permanent, peaceabie character will find ready financial response here. which will show that neither resentment nor distrust is felt Even as the matter stands, con siderable share of the new issue could be secured in Europe.
 with reference to the Venezuelan sit- uation, it can be said that the British Guiana chartered company, over which the St James Gazette is trying to get up a sensation, has not been chartered, nor is if likely to get charter until every thing Is amica ply arranged between Lon don and Washington.
 A dispatch of the Right Hon. Joseph Chamberlain, secretary of state for the colonies. offering to make concessions within the Schomburgk line. was written obviously to strengthen the British case against the contentious advanced by the Hon. Richard Olney, the American secre- tary of state. An English syndicate, re lying on MT. Chamberlain's suggestions, made proposals to the Guiana govern ment asking for the grant of huge tracts of land between the EsseQuibo and the