The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-12-26
woITD ION ENCT,AND

to yield force to right, rather than right
to force,
WOULD JOIN ENGLAND.
Madrid, Dec. 22.-Public opinion here
is SO strongly in favor of England in the
Venezuelan controversy that suggestions
are advanced for an alliance between
England and Spain in the event of Pres
ident Cleveland's action involving hostil-
tiles.
The Impartial urges upon the govern
ment the necessity for friendship with
England in order to counteract the Mon
roe doctrine.
UPHOLDS MONROE'S DOCTRINE.
Pittsburg, Pa, Dec. 22.-Governor
Hastings today declared himself on the
war question, unequivocally pronouncing
the Monroe doctrine good.
The occasion was the annual memorial
services of James NJ. Lysle Post II Grand
Army of the Republic. In the course of
the governors address he said:
Lately we have been hearing grows
from the British lion. But the stars and
stripes are in no more danger than when
Lee handed his sword to Grant. Two
great people, speaking the same language,
engaged in the same pursuits, having the
same Bible and believing in the same God,
will not go to war. Let us hope so, any
way. Let us hope that wisdom will pre-
vail and the resorts will be those of
peace. But let there be no change that
will put stain on our flag. Let us stand
for our rights. Let us insist upon the
principles of the constitution and those
great principles of security and self pres
ervation, enunciated by that great presi-
dent, James B. Monroe. Those principles
must stand, and in the future, as in the
past, our people will prosper and our
country blossom as the rose"
COMMENTS ON THE QUESTION.
London, Dec. 23-The Times this
morning prints whole page of telegraph
ic dispatches on the subject of Venezuela.
A dispatch from Ottawa says:
Zone result of the war scare will be in
the thorough equipment of the Canadian
forces. The country will not be salts
fed until all are armed with the Lee
Medford rifles. 1t is gratifying to note
that the scare has brought the people of
Canada closer together than ever. The
determination is to hold by the old flag,
A Vienna dispatch says:
President Cleveland is in no small
measure responsible for the ruin of hun
dreds of capitalists in Austria. The
Turkish and Abyssinian troubles had
shaken the Vienna money market to its
foundation, but the New York panic gave
it the coup de grace, from which it will
take months to recover In Saturdays
panic on the bOurse, prices receded by
leaps and bounds until they reached u
figure lower than for years past. The
Austrian credit mObilier fell 10 florins
the Hungarian credit mobilier 26, and the
Austrian state railways 20 from Fridays
prices. 1t is impossible to estimate ever
roughly the consequences of the panic.
The Berlin dispatch says:
The tidal wave of financial panic, which
has rolled across the Atlantic for the
past two days, has not spared the Berlir
bourse, which was in a state of feverisl
excitement on Saturday, speculative Sc
curities declining 10 per cent. The bourst
courier merely reflects the temper OF
financial irregularities here when it de
scribes President Cleveland as speculat
ing, by his wanton provOcation of Eng
land, on the meanest form of nationa
feeling.
1t is argued that country which OF
the first appearance of war cloud suf
fers losses, according to one estimate
from New York, equal to the whole wal
indemnity which France paid Germany
is not in position to wage war, and es
pecially on such a trumpery issue. Their,
| is little inclination here to take up al
American loan, while Paris can scarcely
| meet the requirements of its old clients
in Turkey and Spain. The want of mon
| ey, it is true, never yet prevented coun
| try from rushing into war. But seldom
does the decision rest SO largely, as il
A .ry.t .1n -,
| interests are so largely at stake. On th
other hand, fears are expressed that tn,
| magnitude of the losses already sustained
! will induce feeling of desperation, ant
| there are business men who still remem
| ber the enormous fortunes made il
| America during the Civil war.
The dispatch from st. Petersburg says
| 1t is easy to see that the Russians cal
not help showing satisfaction at the Sc
rious turn the dispute has taken.
The Novoe Vremya is at no pains t.
| hide its real sentiments and animus to
ward England. 1t declares that Lort
| Salisbury has already radically change,
his Eastern policy by positively refusing
| any further support to the Armenian agi
| tation, on the ground that the Turk doe
not sympathize with Armenia.
The dispatch from Rome says:
Public opinion is unanimous agains
| President Cleveland. The financial pani
| had no perceptible influence here.
The financial article in the Times to
morrow will say:
Although the panic has subsidized it will
| take long time to repair the injury done
| In the first place, many investors have be
come impressed with the idea, which il
new to them, that the attitude of man!
educated persons in America in refer
. z.