The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-23
CANADA'S ATTITUDE.
Firm Determination to Hold by the
Old Flag.
FOREIGN MARKETS DEM0RALlzED.
Russians Pleased at the Serious Turn
Of the Dispute.
OREIGN MARKETS DEMORAllzED.
MANY SERMONS on SUBJECT,
Sir \. X. Koilit Talks About the venc-
Eueian Anair-Govcrnor Hastings,
of Pcunsylvnnia. Outspokcn.

London, December 2s.-The Times this
morning prints a page of telegraphic dis
patches ON the subject of Venezuela, A
dispatch from Ottawa says:
"One result Of the war scare viii be
in the thorough equipment OF the Cana
dian forces, The country will not he
satisfied until all are armed with Lee
Meiford rifles. II ia gratifying TO nQte
ada closer than ever TO England. Every
where the firm determination is proposed
TO hold by the old flag, come what may, g
Vienna dispatch says: President
Cleveland is In no small measure rcspon-
sihle for the ruin OF hundreds OF cap
italists In Austria. The Turkish ana
Abyssinian troubles had shaken the Vi
emma money market to It's foundation,
but the New York panic gavo It its coup
IL grace, from which 1t will take months
TO recover. In Saturdays panic on the
bourse prices rcceded by leaps aud bounds
until they reached "A figure lower than for
years past.
The Austrian credit mobilier fell IA
forins. the Hungarian credit mobilier q
and the Austrian State railways 20 from
Saturdays prices. 1t is impossible 10
estimate even 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 Berlin bourse, which
was in state of fcverish excitement Sat
urday. speculative securities declining
10 per cent. Tho bourse. OF course, mere.
ly reflects the temper of financial circles
here when II describes President Cleve-
land as specializing by his wanton provo
cation OF England on the meanest form of
National feeling.
II Is argued that a country which on
tho ilist appearance of a war cloud suffer-
losses according to estimate from New
York equal TO the wlaoie indemnity whtch
France paid Germany, 1t not IN posft,pn
10 wage war especially ON sthch q trump
cry issle. There Is little inclination here
TO take up an American loan, while Paris
can scarcely meet the rpuuirt,rleuts of lts
old clients in Turkey and spain. The want
81 money, II ~ true, never yet prevented
a country from rushing into war But
sc'uon uogs the decision rest 10 largely
a. IN America with the c!as whose peculiar
interests are SO largely at stake. Dn the
othrr hand Tears are expressed that the
nsagnitudc OF the losses already sust atnru
VIII induce a feeling of desperation ana
there are many business men who sun
roinember the enormous fortunes made
IN America during the civil war.
The dispatch from st. Petersburg says.
II Is easy TO sce that the Russians can
not help showing satisfaction at the snrI-
GUS turn the dispute has taken the
NoNoe Nrcinya Is Mt no pains TO hide
is real sentiments and animus towards
England. Ii declares that Lord Salisbury
has already radically changed his Eastern
policy by refusing positively any further
support to the Armenian agitation on the
ground that Europe does not sympatnise
with Armenia
The Dispatch from Rome says. fuDnc
opinion Is unanimous against President
CleVGand. The financial panic had no
perceptible Influence here.