The herald., 1895-12-23

Venezuelan policy by his second message.
he says of the outlook on Wall street:
''lhe interval of Sunday is thought likely
to steady mems views, and if no misfor-
t,ino occurs on Monday in London, :. is
believed that Wall street will recove. a
good part of it's confidence"
Speaking of the action of the senate on
the HIT bill, the correspondent says:
"Mossrs. Lodge and Chandler took COM
mand of the party amid applause from
gallery crowded with jingo spectators.
The voice of the American people is de-
clared in the senate by delegates from the
streets, much as it used to be in the French
convention by the representatives OF that
large popular constituency which Bismarck
in his time described as gentlemen Vi the
pavement
'But do not think the best Americans
approve OF this new method of influencing
legislation, nor will even submit perma-
Iiently to the leadership of Messrs. Chand-
Ter and Lodge.'
OF names which are suggested for men,
bershIp in the commission the correspon-
dent mentions ex-senator Edmunds, ex-
Minister Phelps. Andrew d. White of New
York and Chief Justice Fuller as excellent
names.
"Mr Coudert of New York; he con-
tinues, "a Tammany Democrat. belongs to
different category. He is an able law
yer, very hostile to England, who last
Tuesday declared his conviction that Ven
ezuela was right and England wrong. If
the president wants commissioners who
have made up their minds in that sense,
Mr.. Coudert will do as well as anybody.
Men like Messrs. Edmunds, Phelps and
White, and the chief justice, may feel a
difficulty in serving on a commission nom.
inally Judicial, but in fact purely ex-parte
in its object and composition. 1t has, how
ever, been suggested that true patriotism
has here an opportunity Of service. What
ever the president may intend, a commit
tee of independent men of high character
might arrive at conclusion which would
m Ike peace"
The dispatch concludes as follows: ''It
is upon the various grounds that are indi-
Gated at the beginning of this dispatch and
upon the evidence which I give and much
more that / do not, that l venture to ex-
press my belief in better condition of the
general mind of the country than that
which existed last week. The end of jingo-
ism is not yet, but there is at least be-
ginning of better things and a brighter
hope for the immediate future"
In addition the Times this morning
prints whole page OF telegraphic dis
patches on the subject of Venezuela. A
dispatch from Ottawa says:
One result of the war scare will be in the
thorough equipment of the Canadian
forces. The country will not be satisfied
till all are armed with Lee-Metfork rifles.
1t is gratifying to note the scare seems to
have drawn Canada closer than ever to
England. Everywhere the firm determine
ton is proposed to hold by the old flag,
come what may.
Vienna dispatch says President Cleve-
land is in no small measure responsible
for the ruin of hundreds of capitalists in
Austria. The Turkish and Abyssinian
troubles had shaken TIE Vienna money
market to it's foundation, but the New
York panic gave it its coup de grace from
Saturdays panic on the bourse, prices re-
ceded by leaps and bounds till they reached
figure lower than for years past.
The Austrian credit mobilier fell nine-
teen fiorins; the Hungarian credit mobilier
twenty-six, and the Austrian state railways
twenly from Fridays prices. 1t is impos-
sible to estimate even roughly the conse-
quences of tie panic.
The Berlin dispatch says:
The tidal wave OF financial panic which
has rolled across the Atlantic the last two
days has not spared the Berlin boarse,
which was i'll state of feverish excite
ment on Saturday, speculative securities
declining 10 per cent.
The Bourse Courier merely reflects the
temper of financial circles here when it
describes President Cleveland as specula-
ting by his wanton provocation of England
on the meanest form OF national feeling.
1t is argued that country, which, OH the
first appearance of war cloud, suffers
losses, according to one estimate from New
York, equal to the whole of the war in
demnity which France paid Germany, is
not in position TO wage war,
especially on such trumpery issue
There is little inclination here to take up
an American, while Paris can scarcely
meet the requirements of its old clients in
Turkey and Spain. The want of money, 1t
is true, never yet prevented a country from
rushing into war. Seldom does the decision
rest SO largely as in America with the class
whose peculiar interests are so largely at
stake. On the other hand, fears are ex-
pressed that the magnitude of the losses
already sustained will induce a feeling of
desperation, and there are many business
men who still remember tho enormous for
tunes made in America during the civil
war.
The dispatch from st. Petersburg says:
1t is easy to see that the Russians cannot
help showing satisfaction at the serious
turn the dispute has taken.
The dispatch from Rome says: Public
opinion is unanimous against President
Cleveland. The financial panic had no
perceptible influence here.
TRUTHS REGRETS
Mr.. Labouchere, in Truth, regrets the
bullying tone of MIR. Cleveland, but con-
tends that England ought to submit the
whole boundary question to arbitration.
1.-The Monroe doctrine has become
doctrine of faith with America" says Mr..
Labouchere. "Plenty of Americans are
willing to fight for it. Such a war would
soon become stale mate on both sides.
After incalculahle injury on each other was
committed we should both realize what
fools we haG been, shake hands and 60
back to where we were."
FINANCES FIRST
The daily papers this (Monday) morning
in their editorials generally comment upon
4he financial side of the panic and express
confidence that in the long run the COM
mon sense which Mr.. Gladstone advises
will prevail and extricate the public from
the difficulty caused by President Cleve-
lands precipitation. The Standard, Con-
servative, while admitting this, thinks
whatever remedies congress adopts, Ameri-
ca must for some time to come in an
economic sense, GO from bad to worse.
The Sunday Observer, Unionist, says in
an editorial, the passionate affections of
the Americans for the Monroe doctrine
may be unntelligible here, but it exists,
and if our rulers are wise they will neglect
no means short of national humiliation, to
avoid ruffiing the pride and feeling of the
Americans Sooner or later, public opinion
in America will awaken to the fact that
England neither desires to take liberties
with the United States nor will she brook
insult from any power whatever"
Edward Dicey, G. B., who was formerly
an editor of the Observer and also of the