New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-15

Cured before the contest began and that the De-
fender ought either to have declined to cross the
line or have accepted the result Instead OF saiins
under protest and obtaining victory when De-
hind at the finish. There are some iH-naNured
critics but the preceding summary represents
the public opinion which deserves to be consid-
cred
Several poiots are not taken up by the Enghsn
writer's: one is the fact that the Vigilant year
ago was forced to accept existing conditions ana
could not obtain the precise sor. OF race which
her owners wanted; another Is that Lord Dun
raven knew when the challenge was arranged
that he could not race off Marblehead. and that
4 was hardly worth while to cross the Atlantic
merely to vlndicate his previous judgment that
1t was impossible to test the yachts in tumbling'
broken water and in the heavy wash from
steamers Still another is that Lord Dunraven'
before he left Glasgow, declared that the Nalky-
RE was specially designed for Sandy Hook con-
ditions OF racing. and that he must nave known
that II was impossible to have gunboats ana
cruisers patrolling the course and DombardlnS
pleasure craft. Many Englishmen are saying IN
private what the journals refrain from saying
publicly. that Lord Dunraven having competed
once before for the cup and knowing all about
the swarm Of excursion steamers. ought to nave
finished the third race. lie ought not. they add,
have crossed the line IN tnt Hrsl idCe IL He
were convinced in advance that a fair test Of the
yachts was impossible. As 1t was he sailed viz
tually under protest, like the Defender in the
second race. and then did not have her pluck IN
making the best Of bad situation and finishing
the contest The Defenders victory on the first
dav in Valkyrie's weather was decisive that
many Englshmen frankly admit in private that
she is the faster boat and that an open sea con-
test at a distance from New-York. IL one shall
be arranged will prove her superiority.
American travellers watched the tickers in the
hotels every racing day, and there was much
talk in the clubs about the contest. Otherwise
public interest in the event has been apathetic
Little interest has been shown in this years
ST. Leger. Sir Visto had so bad lot Of
horses to beat that there was little credit to be
had out Of IT, He won as at EPSON, by holding
back and coming on at the end, when the other
horses had beaten one another With two Der
bys one st. Leger and a Premiership Lord
Rosebery has reached the stage OF his for
tunes where acrid critics advise him to try
new sensation and build yacht for the Amer
'ica's Cup. Possibly they think his luck can win
with poor boat.
The continued export OF gold from New-York
attracts little attention here outside OF Lombard
Street. Financiers are wondering whether LaZard
Freres are shipping gold for the loan syndicate,
as Is reported, and whether the Treasury reserve
can be maintained long through the efforts
Of the bankers who assert that they are willing to
do what they can for the Government. but that
their obligation has been fulfilled already. Well
informed financiers predicting another Gov
eminent loan since they cannot understand how
the gold can be kept up to the right level
solely through the good nature Of the bankers
THE Economist" warns its readers to-day that
American trade has not yet returned TO nor
NAL conditions, as is shown by the bank clearings
and railway earnings, that the vast amount of
damage wrought by bad times remains to be re-
paired and that dangers from renewal Of cur
rency and tariff discus SONS still serious.
Mr.. Gladstone has written letter In which he
describes bimetallism one Of the passing hui
mors Of the hour. He is at once taken up sharply
by the Journals of opposite political views for his
lightness of touch In dealing thus with the double
standard cause, when it was the basis of the
Latin Monetary Union, and has been sanctioned
by the leading fnanciers of India and a majority
OF the Royal Commission. and supported by Ger
many, the United States and an increasing party
In England
Poitics and diplomacy are now equally dull.
The leaders have vanished from Lordon, and are
dsporting themselves on the Continent or in the
country. Mr.. Chamberlain has followed Lord
Salisbury across the Channel, and Mr.. Ellis the
chief Liberal whip. has gone to the Cape in the
wake OF Mr.. Bryce Mr.. Curzon has taken the
Priory at Reigate where he will live during the
winter Mr.. Balfour is still playing golf in the
north. and Mr. Asquith Is learning the game at
St Andrews
q Liberal
conference in October ard a change in the Irish
leadership but these bubbles on the surface
Of the slack water Of politics
The most important diplomatic news is the hitch
IN the carrying out Of Earl Kimberley's
ton for the Pamir region, between the British and
Russian Empires. Something has happened
which may make It impossible for the Commits
soners Of the two nations to plete their work,
so difficult is it for the jealous rivals to arrange
their spheres of action in the mountains Of Asia.
The visit Of the Lord Mayor Of London to Bor-
deaux has now reached its proper level as diplo-
matte burlesque
The German Emperor while he has enjoyed the
splendid military pageants at Stettin, and has
been favored with the society Of his intimate
friend, Lord Lonsdsle. has not wholly regained
his -composure Of mind He is not yet employing
fiS SOLDIERS III Ile IL
Ing editors. suppressing journals and putting
clubs under police guard.
Lord Salisbury has decided to transfer his
cousin. Sir Frank Lascelles. from ST. Petersburg
to Berlin, as successor to Sir Edward Malet. This
Is regarded wise choice. which will bring
diplomat Of sound judgment into position Of
great importance The British Minister at Picking.
Sir Nicholas 0 Connor Will hll the vacancy at the
Russian capital. where his knowledge OF Chinese
affairs will make him specially useful.
Rumors that the Marquis Of Londonderry has
been selected fer the vacancy in Paris which will
be filled next year. are premature. nor is 1t true
that Sir Edward Malet has accepted the offer Of a
.,htc ha tho nffa Of