Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-12-21
Tendency to Steadiness in Ameri-
can Securities Shown.
BANKERS NOT TO WITHDRAW MILLIONS
Disposition to See Brighter Out
look
COMMENT OF THE PAPERS

LONDON, december 2l.-PuDlic attention
here is almost entirely diverted from the
political to the financial aspect of the Vene-
zuelan situation. The rumor circulated in
this city that the Rothschilds had decided
to Immediately withdraw f5OOOOOO g., ,0O0.
600 from America Is attracting great at
tention. But the Rothschilds informed the
Associated Press today that this report. as
we'll as that of the collapse of the negot.a-
ton for United States loan, were utterly
untrue and that no negot.a tons were pend
ing regarding loan, and that TO withdraw
ais of gold from the United States had been
ordered on account of the Rothschilds.
representative of the Associated Press
also called on the Morgans, Brown & Ship
leys, Morton & Roses and a number of
other leading banking houses, and es-
pac.ally those connected with the United
States. They generally regarded the situa-
ton as being more favorable.
The head of one of the prominent bank
Ing firms said to the Associated Press rep
resentative: 1T seems that the political
question is now laid at rest by the adthori-
cation of the appointment of a commission
of sensible men, who will have time to
make fthe.r influence felt My kilograms
chow no notices of withdrawal for hoard
Ing
The Outlook More Favorable.
Continuing, the banker said: II am satis-
fed that nothing serious will como of it,
The manager of house whose influence
IL felt in every financial transaction re-
marked: "If European investors take ev-
'erything seriously, there is no knowing
where the declines will stop. But the out
look is somewhat more favorable To-Day.
After ak the merchants and bankers must
make their influence felt and we have In
dications that the really serious business
Of America anxious to undo the
harm the jingoes have done"
The stock exchange opened with ten
Gency to panic. All classes of securities
were freely offered. Foreign government
securities were heavy and the American
market was quite disorganized In fact,
it was difTic ult to obtain quotations. Soon
fell 5. Louisville 4, Canadian Pacific IA,
end Denver preferred Ia. This was fol-
lowed by partial recovery.
Business the stock exchange closed
steadier. There was a recovery from the
worst points shown, though the prices
reached were below those of last evening.
The general feeling on the stock eX
change here that it will be a difficult
task to restore the confidence of ordinary
investors in American securities.
comparative tables. showing the great diff
ference between the prices Of American
stocks before President Cleveland's mes
sage on the Venezuelan question was sent
to Congress and the prices today.
the
The Pail Mall Gazette this afternoon de-
votes an article to an attempt to show that
IN his pronouncement on the Venezuelan
question President Cleveland committed a
big blunder ard has done America great
injury In the course of this article, and
citing President Clevelands message on the
financial situation, the Pail Mall Gazette
says:
I'VE think his expression, 'fatuous fnan-
cial operations should have been fatucus
political operation His message is very
beautiful, but it is not much use TO the men
who failed yesterday. They We're, perhaps,
more blameless themselves than the rech-
lessness of the man who rebukes them.
America is now taking hand in the mat
ter. The commission bill has passed, but
We doubt if the commission will ever re-
port"
The st. James Gazette remarks:
''If the conflict between nations COM
mences when the effects of the strife be-
gin to be felt, then the first round Of the
struggle between England and the United
States. so unexpectedly forced by Presi-
cent Cleveland, has not been favorable to
his own country. Whatever the future Elay
bring. America has already suffered no
contemptible part of the loss which might
be expected to follow the serious disaster
OF war;
The Westminster Gazette expresses the
opinion that president Cleveland's second
message most distinctly improves the situ-
alton. 1t is change of scent at the most
opportune moment, ana IRE likely to
hear more about greenbacks than the
Monroe doctrine for the next few days
The Globe says:
President C!eTalanis 5 arrogant mani
festo appears chiefly intended TO promote
his financial reforms, but now the effect
is assuming larger and more dangerous
dimensions than lie anticipated. His mes
sage of yesterday was sent in an enieavor
to allay the dsquietudc, and lest he be
held up to popular odium as the chief
wrecker of American trade and industry"