The record-union., 1895-09-16

est Speculation Being Induiged in,
and Millions of Shares of Stock Be-
ing Floated, and lie 2 Predicts That
the Bubble VIII Soon Turst, Scat
tering Ruin Moro Widely Than Has
Been Experienced for Generation.
NEW YoRK. Sept. 15.-Chauncey NJ.
! Depew arrived from Europe last night on
the steamship Paris. In an interview to-
day concerning his vacation trip, he had
the following to say:
I'VE arrived at Southampton at the
close of the elections in England. after
| the smoothest of passages on summer
sea. The progress of American methods
IN the old country is extraordinary.
lucy say we have already ruined their
| weather. Five years ago the London
newspapers sent me a letter politely re-
questing the appointment of time con-
venient TO myself when representative
might call, and afterwards submitted
proofs. Editors called and sent up their
cards, but asked further questions, prin-
! clpally about American securities. This
year the steamer lande ed at o'clock in
| the morning. At6 I went down to break
fast. to find reporter by my chair, say
ing Ill the weIl-rememD Dered New York
wsy: Are you MIR. Chauncey Depew?
| Well, then, L want column upon these
/ subjects upon which l am instructed to
get your views There were a dozen
| questions covering the elections, finance,
industrial prospects and the policies of
both parties. Ii was impossible not to
recognize and respond to such q home
| touch. The Interview in whole or part
appeared In ali the English papers.
In one respect the result was interest
| ing, ana showed the development of
America in England. with social ambi-
tons. The Interview gave the Anglo-
maniac the opportunity, and they inn
! proved 1t In the press, at dinners and in
the drawing rooms. one OF these ques-
! tions was: w hat is the American Idea
| of Home Rule-and How Generally are
Americans OF one Mind on That Subiect?'
My answer was substantially that home
! rule Is the cornerstone OF our institu-
lions, and our people are practically
unanimous on that subject; that there
never had been any diversion among US
regarding nome rule. On the contrary,
we thought the adoption of the 1ederative
principle would beneht England, Ire
land, Scotland, Wales and the colonies;
that we were heartily in favor OF English
speaking people leading the world, and
willing that the British Empire should
have first place in the affairs OF Europe,
India, Africa and Australia. but would
neither consent to nor permit the control
nor occupation by an European power of
the Tepu blics Of America.
The excitement IN South Africa gold
mines equals the widest speculations IN
Colorado or California booming times.
Both London and Paris are crazy one
of the best informed bankers IN Europe
told me that 100 men had pock eted in cold
cash within the past year 500, 600, O0U by
the sale OF the stocks or shares OF these
companies. The money had come from
| the coniiding British public and the
usually cautious French. Forty millions
of it vas won by man who went to the
| Cape as juggler in a circus, and is now
| climb bIng rapidly the social ladder. The
stocks are constantly rising in prices,
! and, of course, capitalization. and at no
distant day the Dubb;S will burst scatter
| ing ruin more widely than has been ex-
perienced for generation.
after leaving London | won't to Lu-
cerne, in the Pyrenees, where some OF
my family were staying. l was in Ger
many on the twenty fifth anniversary of
Sedan. The celebration reminded me of
the rejoicing OF US alter the surrender at
AppomattoX. Palaces and cottages, stores
and houses were alike covered with flags,
and the bunting obScured the sky. Pro-
cessions, music, illuminations and every
form of popular joy were universal. The
enthusiasm was wild and contagious 1t
| developed a deep-seated national and al
most passionate desire for war with
France now, and on any pretext. to settle
forever the possession OF Alsace-Lorraine
and so cripple the French that they would
no longer be q menace to the peace of
and "a 70 mi io(,
ments might be reduced.
'Being in Lourdes while in the Pyre-
nees, l paid visit to this world wide
shrine. The village church stands on a
hill, and one side Is Il precipice running
down 10 the river about 200 feet AT the
| bottom is a grotto about 100 feet deep,
irregular in shape. The legend is that in
1855 the Virgin appeared to a child in this
grottO with promises of healing for the
sick, and fountain burst forth, the
waters of which have miraculous power.
Alongside the grotto is a bathing place,
with four bath tubs filled with ice-cOld
water from the spring. Into this the pa
tients are plunged, no matter what their
disease or Qeioynity. / was told that
I.122 people were dipped during The day
l was there. They are plunged into the
water and instantly taken out, under con-
stant and loud suppIications for their
healing. III night the sights and scenes
torches and singing hymns are seen
marching over the winding roads. Other
thousands are on their knees in the space
in front OF the grotto. praying. singing
and imploring the Virgin for help. Hun
dreds upon hundreds of candles flicker
and glare in the grotto and send 8 weird
light upon the white -robed statue OF tho
Virgin, which stands just above.
I'm the afternoon vast procession
forms at the grotto and marches along the
river, turning into the plaza as it passes
the point where the road rises from tho
plain upon the arches to the church. On
one side Of the plaza were placed in a row
some hundreds of wagons, each holding
an incurable sufferer. The sight OF these
helpless, and, except by miracle. hopeless
men, women and children, is affecting
beyond words to express.
For many years the press on my re-
turn home has wanted my experiences,
and certainly | never had more remark
able one to relate than that encountered
at Lourdes."