Omaha daily bee., 1895-12-21

issues or withdrawal Of notes is so ~eifectunl
as the assurance of peace. He must now be
conscious OF his misteke. Our New York
correspondent believes the Will be
so formed as to secure a pacific report. IL
would be a happy ending should the commit
tee uphold the ~Schomberg line. The earnest
prayer Of the chaplain OF the American sem
ate will find an echo in the hsart Of every
good man In the two sister lands"
The financial article in the Times, says:
There are many Instances today where
the salts Of American bonds could only be
Effected at eight or ten PONIES below the
nominal quotations. II is now seen that
President Cltveland's message will be com
mercially and financially disastrous to
America for a long time to come. II viii
be difficult to persuade the ordinary prudent
investor that 1t is SAFE to lend money in a
country where tha responsible head Of the
executive department Cln commit sdch a
mistake and yet retain the confidence OF the
nation he repres5 nts. The more immediate
fleet has been to restrict the credits On
London. hitherto enjoyed by New Ycrk
houses and to cause heavy gold exports.
Everything points to a further pressure
for money in New York and a premium on
geld is looked for unless the political situa-
ton becomes less alarming. In the street
the prices are still wilder. the days declines
being: Louisville & Nashville, IA; Lake
Shore. I; st. Paul. GU; New York Central,
8, and Southern Pacific. 4. In the active
bonds the fall ranged from 1t TO s."
A dispatch to the Times from Rio de
Janeiro. says: THE Brazilian Senate and
Chamber of Deputies have adopted a rHsolr-
ton approving President Cleveland's mes
sage. The press is divided" says the Times
dispatch. "the the principal journals tp-
pose the American pretsnsions. The Jacobin
papers support the Monroe doctrine An
editorial in the Chronicle, liberal, says:
"Presiden mt Cieveland's message must induce
Americans to think deeply over the need
lessness of Tuesdays message. To our mind
1t Is virtually a counterblast, for II appeals
to facts and not to prejudices and presents
neal and not imaginary perils."
An editorial in the Standard, conservative,
says: THE second message Is a natural
sequence of the first, and gives the American
people a singular impressive illustration OF
the truth that diplomatic rashness inevitably
entails monetary distress. Great Britain.
IS the center Of the worlds commerce.. can
not escape injury during a panic in America
and 1t is foolish to imagine that any artif-
cial measures have been taken here to make
the United States issues unsaleabla.
DEVELOPING RAPIDLY.
The Times says in an editorial: 1.-The situa-
tion President Cleveland's policy has created
is developing with great r%apidity, though
possibly not quite upon the lines he would
prefer. His second message Is almost as
remarkable as the first. Whatever happens
in the future. he will always have the proud
vi hiioN ms ho t"fNC
the world within a single week. With an
air Of tho utmost innocence he takes note of
the panic he himself has originated in pre-
cisely the tone he would appropriate to the
discussion Of a calamity due to causes beyond
human control. 1t is rather doubtful, from
the terms OF the message. whether he now
wishes it to he understood that his Venezuelan
policy was designed simply to give an object
lesSicn In finance, or wethEr lie merely turns
to account a catastrophe which he did not
fnyunN Anty ttYa A. Ia 10 nrnnt tho rf11n ~
swapping horses in the middle of the stream.
Neither presidents nor legislators can produce
confidence by a strike of the pen, and bust
ness men will not derive much consolation
from his anxious appeal, while the opponents
Of his financial policy will distruSt and re-
sent the attempt to rush under cover of an
artificial foreign complication. We scarcely
think he has improved his position by his
second message.
I'm American churches tomorrow, we may
expect to h:ar the senate chaplain's example
extensively followed. When the American
people have thus returned to their normal
attitude, they will have time to make them
selves acquainted with the merits Of the
Venezuelan dispute
The Standards financial article says: at
is rumored that the Rothschilds have decided
to Immediately withdraw Go, 900, 900 from
America. Whether this is true or not, the
gravity Of the situation isu ndisputed. No
body fears war, but it is questioned whether
the United States will be able to maintain
the gold standard and whether the silver
party will not bscome supreme and gold be
driven to a heavy premium. President
Cleveland's action has shattered all faith in
the financial future of America"
The Daily News financial article gives as
its opinion that an European loan to replen-
ish the United States treasury is an impos-
sibillty at the present time. $50 severe a
panic in one department" says the Daily
News, "as was witnessed in the American
market today, has net been experienced for
years. The dread of receiving interests and
dividends in a deprecated currency had at
least as much to do with the indiscriminate
selling as had any political anxiety. Faith
has been rudely shattered, and whatever the
outcome of the Venezuela troubles, 1t Is
feared that the work Of restoration Will be
very slow. 1t is impossible to give reliable
quotations from the street. 1t would appear
to be the Insight of folly for responsible hold
ers to attempt further realizatlons upon a
market in a condition which would only be
warranted by an outbreak of war"
NO LOAN IN GERMANY.
The Berlin correspondent of the Daily
Telegraph denies the report, as far as Berlin
Is concerned, of the financial writer in yes
tsrday's Daily Telegraph to the effect that
negotiations are pending on the continent for
a loan Of $50, 900, 900 to the United States gov
eminent. The Daily Telegraph's Berlin cor
respondent says: IAN eminent banker said to
me tnat the IDEA was preposterOuS ana tnat
not one of the leading German banks would
dream Of supplying America with a penny
for any purpose calculated to injure Eng
land"
The Telegrsph's financial article says: at
is reported that other bankers besides the
Rothschilds will withdraw their balances from
America"
A dispatch to the Chronicle from Brussels
quotes an interview had by a representative
of the Soir with w. X. Vanderbilt, In which
the latter said: Everything is possible,
for we shall not yield an inch. We shall
begin by closing our ports against England.
Already l have a private telegram announc-
ing the convocation of a congress Of dele
gates from all the American republics. This
congress viii carry through the project for a
customs union elaborated by the late Mr..
Blaine
Mr.. Vanderbilt talked further Of Edison's
torpedoes being applied to flying machines to
destroy the English feet in a few hours. "Mr.
Cleveland would never have thrown down
the gauntlet" said Mr.. Vanderbilt, were he
not prepared for all eventualities."
EIOcutiSn by MISS Days Pupils.
The rooms of the Montezuma club were
filed last night to listen to the entertain
ment given by the pupils of Miss Day,
teacher of elocution. The program con-
sisted of ten declarations. Those taking
part We're: Misses Scanned, Bates, Geist.