The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-28

that place. Great Britain must receive
quld pro quo warranto. These musts
ana must nots fairly represent the ideas
entertained by the conservatives, and il
VIII be seen that should the government
make an attempt to carry them 10 their
logical conclusion there will DE stormy
wise
The Pail Mall Gazette dealing with the
subject of the FrancO-Chinese treaty, &C.
cuses France of a breach of faith in OBJ
tanning from China territory from the
Anglo-French buffer state agreement of
1873, and establishing a fortified post there
in. This territory, the paper declares.
must be abandoned. 1t is still further in
tolerable that France still occupies Chan
taDun, thereby defying the promises to
eNacuate the place when the FrancO-Sia-
mese treety should be carried out.
The Statist commenting on the uneasy
feeling in regard to European politics,
says this has led to large sales. Consols,
which during the second week OF July
were quoted at 1OS with dividend, are this
week as low az l06A4, and all foreign stocks
are heavy.
Lord Salisbury has promptly sent a pro-
test TO Pekin and Paris against China
ceding or France accepting territory that
is not and was not held by China.
Newspaper men in the new parliament
per proprietor candidates has been phe-
nOmenal. With the Duke of Norfolk as
postmaster general, he not being likely to
be influenced by newspaper interests, the
prospect is heightened of a committee of in
quiry being instituted TO regulate the press
telegraph charges, which now cause a year
ly loss to the eXchequer of $4,000. The
present rates We're established as a cor
rupt subsidy to the newspaper owners,
given as the price of their support at the
time 10 the bill transferring the tele-
graphs from the private companies to the
government. There is every chance that
the conservatives Will no longer tolerate
the existing condition of affairs, and an
advance in press rates sufficient to pat the
service on paying basis may shortly be
looked for.
A report Of the Neil Brothers. issued
at Manchester, giving the estimate of
Henry Neil of New Orleans on the acreage
and condition of the American cotton crop,
had a distinct bearish effect on the market.
Mr.. Neil calculates that the reduction of
the acreage under cotton this season is
10 per cent. outside of Texas.
The total acreage is placed at
estimated will yield between 100000 and
100000 bales. The Statist, commenting
on the situation, says that the operators
who are expecting a very small crop must
abandon that notion, adding that there
will be an ample supply Of the staple for
the next twelve months, seeing that the
excess supplies are likely to amount to
fully 1250,OO0 bales over those of last year.
Delegates from fifty Of the leading ship
ping firms, including the Cunard, White
Star and American lines, have had an
interview with the Hon. George n. Cur
zon, under secretary Of foreign affairs,
and asked him to request the govern
nent tosahohsh fha afqposts levied under
.athe nome 81 fissAt dSes, and not TO give
the carrying of mails to German or other
steamers without placing them under the
regulations of the board of trade. Mr..
Curzon promised to amend the grievances
of the ship owners, and advised them 10
form a party in the House of Commons
to specially watch shipping interests.
Japan has given instructions that the
whole proceeds of the loan raised in
Paris be transferred to London. A por-
tion of the money thus secured will be paid
out through London firms on account of
debts incurred throughout the war, while
another portion will be expended in the
purchase of ships and stores. The French
bankers dislike this scheme very much,
but there is no way in which they can
prevent the transfer of the money.