The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-29
ENGLAND NOT A BIT EXCITED.
PEOPLE NOT LOOKING FOR WAR
WITH THE UNITED STATES.


Speculation on the Floating of the
New United States Bonds.
London, Dec. Notwithstanding the
condition of excitement under which the
country was alleged to be laboring owing
10 the attitude of the United States on
the Venezuelan dispute, which excite
ment, by the way, was only manifested 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 Hat
field 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 a trace
of the recent supposed excitement. Few
communications have been received durins
the week from any quarter, and most
of those that were received were from
COnstantinople.
Lord Salisbury, in appointing Sir Au-
gustus Hemming to the governorship of
British Guiana in succession to Sir Charles
Cameron Lees, had in view Sir Angus
tus' services in delimitng French terri
tories in West Africa.
The nomination of Sir Augustus was due
to the Right Hon. Joseph Chamberlain,
secretary of state for the colonies, who
persuaded Lord Salisbury to make an un-
precendented departure from official GUS
tom in raising Sir Augustus from a chief
Clerkship in the colonial office to a colonial
governorship. Sir Augustus has studied
The Venezuelan frontier question. He
coached Mr., Chamberlain on the subject
and probably supplied Lord Salisbury with
material information.
The financial and tariff troubles of the
Unirsd States strain the anxieties of
practical men more than does President
Cleveland's message on the Venezuelan
question. City opinion remains in a kind
Of suspense, behind which, however there
is feeling of greater confidence in the
Immediate future than the financial press
assumes. A most eminent financial au-
thority told the representative of the
United Press that bonds of a per cent.
gold loan would be readily taken here.
Three per cent gold bonds would also
have European market but coin bonds
might be distrusted. As a matter of
fact, European investors do not doubt
there viii be q recovery in the finances
of the United States.
Referring to the prophecies of sus-
pension OF gold payments by the United
States the same authority holds that
this should not seriously affect the values
OF American stocks, though much would
depend on what premium gold attained.
Sir Nicholas OConor, eX-British min
lister to China, is spending short holiday
here prior to going to his new post at
st. Petersburg, where he succeeds Sir f.
G. Lasceles, as British ambassador. 1t
has been learned that before he left Pc
kin, Sir Nicholas procured the assent of
China to the cession to Great Britain of
four states on the Burmo-Chinese from
tier, giving British trade direct access to
SlS-Ithwest China. The teuitory IS in
area eight times greater than the terri
tory recently ceded by China to France.
British diplomats therefore chuckle and
paf 1tnt o.
umen. An AnglO-Chinese commission is
about to meet for the purpose of dellm-
iung the new frontiers contained within
the ceSSiOn. special military commlS-
sion has gone to Yunan and Szchuen and
prepara tions are being made for the es-
tablishment of British consulates in these
Chinese provinces.
Much interest is displayed in financial
circles here regarding the proposed new
American bond issue. Pending the oti1clai
announcement, however, OF the issue of
the loan, the interest to be paid and
whether gold or coin bonds Will be given
10 secure the loan nothing definite can
be predicted as to its influence on the
European markets. There is difference
of opinions here as to the reception the
London market would give even to new
bonds bearing 4 per cent. interest, but 1t
is significant that whereas a few days
ago all idea of taking part of the issue
was secuted, such action is now discussed
The Times to-day repeats the report that
the Rothschilds have declined to take
1t adds that doubtless capitalists will be
found here ready to participate in the
issue at a satisfactory price.
The Statist holds that in any case the
bonds will be offered in Europe.
The Economist says that short date
per cent. coin bonds would certainly not
be taken up in London, and although they
We're placed in the United states the
treasury would be unable to retain the
gold realized by their sale, as it hitherto
has been unable to retain the proceeds of
former issues.
The Daily News, in its financial article
to-day, takes a view similar to that held
by the gentleman above referred to as
its authority for the statement that a 4
per cent. gold loan would be taken here.
This view, the representative of the Uni
ted Press can positively affirm, IS now the
leading one entertained in the cityg where
the disposition grows to consider the loan
purely on its merits. The Daily. News
contends that any definite official intima-
ton of a permanent peaceable character
VIII find a ready financial response here,
which will show that neither resentment
nor diStrust is left Even as the matter
stands, a considerable share of the new
issue could be placed in Europe.
With reference to the Venezuelan sltua-
tion it can be said that the British Guiana
chartered company, over which the st.
James Gazette is trying to get up a SEN
sation has not been chartered, nor is 1t
likely to get charter until everything is
amicably arranged between London and
Washington.
The dispatch of the Right Hon Joseph
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 Seq
fetary of State. An English syndicate,
relying on Mr.. Chamberlain suggest tions
made to the Guiana government, asked
for the grant of huge tracts of land be-
tween the Essequibo and the Schomburgk
frontier. The syndicate asked too much
and met with a refusal A meeting of
colonial residents held in Georgetown,
chiefly representatives of the planter in
terest, formed a board which was au-
lhorlzed to petition the government for a
limited concession. All this happened
prior TO the sending to congress Of Pres
t4tnt tleVeland's message anent the
boundary dispute. The ST. James Ga
1ette admits that though there Is no rea-
rou why Mr.. Chamberlain should delay
Nis decision iu the matter OF the conces-
ION out Of consideration for the feelings
.ui venezuela. Dee win probably hold the
matter in allegiance ia view of the tension
.#een Great Britain and the United
Developments in the east point 90 AN
cute between Russia and Great Britain
Itt winch Russia viii temporarily oc-
wy ihe disturbed provinces ln Asia Mi-