Birmingham state herald., 1895-11-17
LONDON CABLE LETTER The Powers Are Closely Watch
 ing Each Other.
HE SPECTATORS ASSERTION
Russia and England May Settle the Eastern
 and Northeastern Troubles.
THE TROUBLES OF THE IRISH PARTY
MT. Brand, Owner of the Yacht Spruce ", Which Was Defeated by the Ethel Wynn, Takes His Defeat Llkea
 True Sportsman.

London, Nov. 16.-(Special Cable Let ter)-No root or branch of the policy of the powers towards Turkey has yet been decided upon Official opinion here con- CUTS with all reliable adviees from the European capitals that an agreement be- tween the powers as to how they shall actively intervene in the event of the sultan evading his promise to effect re- forms in the administra tion in Armenia, or his proving defiant to the demands of the powers still remains to be obtained. Even a revolution in Constantinople with general Moslem rising, would find the concert incomplete. In the mean time the main function of the fleets as- sembling off the coast of the Levant will be to watch each other while the gov ernments continue to try to arrange the limits of their common action, If such should be forced upon them. Sir Philip Currie, the British ambassador tn Tur- key, who has been in England foA sev- eral days on leave of absence, passed few hours at the foreign office today prior to starting on his return to Con- stantinople on Monday It is impossible to glean from official sources definite in formation as to the proposals initiated by
 
 are still under discussion. It Is under stood that the most likely solution of the question will be the administration of Armenia by an international commission with the occupation of the country by Russian forces under an European man. date. The reinforcement of the Austrian troops in Bosnia points to a projected ad- vance on Macedonia in the event of ris- ing there. It is an absolute certainty that should naval force be required be- fore Constantinople the British squadron will not be allowed to appear there alone.
 The Rt. Hon. A. J. Balfour, first lord of the treasury and government leader In the house of commons, made five speeches in Glasgow on Thursday but he contrived in all of them to avoid making the slight est reference as to the governments pro- gramme at the coming session. Accord ing to all precedent the cabinet must already have agreed upon what bills would be introduced and given instruc- tions for the drafting of measures
 Sir Michael Hicks Beach, chancellor of the exchequer speaking at Bristol, vaguely promised the earliest possible consideration of measures for the relief of the agricultural depression.
 Some revelations of the governments policy are found in a statement made by Sir Robert Peel in a speech delivered by him at Tanworth, which constituency he represented in parliament for thirty years. He declared that he had learned from exclusive and authorized sources that the government intended to consoi- date and take over all mortgages on land by lending money to landlords at per cent, thus enabling them to save per cent, as most landlords have been obliged So raise loans at 5 per cent. The scheme, according to Sir Robert has the support of several of the ministers. The Vest minister Gazette defines the measure as landlords cabinet bill. Such a bill would certainly be the salvation of many land owners whose properties are heavily mortgaged. but it would require the gov ernment's full majority of 150 to pull it through the house of commons.
 The Rt. Rev. Sir Mattehws White Rid ley, the home secretary, promised dep utation of trade unionists, who visited him few days ago, that the govern ment would introduce an employers lia- bility bill, giving workmen compensation for every accident that befelI them in the course of their labors with the Tories favorite nullifying clause enabling work men to contract themselves out of every right given under the bill
 These measures, with an Irish land bill, now form the fixtures for the ses- sion. The ministers desire to postpone for another year the denominatonal ed ucation to the bill
 The English newspapers, even the best informed journals of London. give no idea of the crisis on the stock exchange during the fortnightly settlement that is just over The announcements made by the press that only three brokers had been declared defaulters caused chorus of misleading congratulations Those on the inside know how weak the speculative position continues to be and that nearly forty firms, including some of high reputation. had to appeal to their creditors to allow them extra time, or ob- tain assistance to continue in business Of these firms, fourteen were involved in Barnato stock. They received support from Barney Barnato, who did not finch in giving help right and left. Though a crushing panic was. averted,. the difficult ties are such as to make liquidations now necessary. No material recovery is expected before Christmas, and it will be later than that if several of the firms who paid short on the settlement do not succeed in closing arrangements that are now pending.
 In an interview MT. Brand, the owner of the half-rater yacht Spruce w, which was defeated by the Ethel Wynn, said that he received the fairest treatment while he was in America. The racing was properly conducted. The steamers did not interfere in the least, except once by accident. when the owner of the in- terfering steamer apologized. His only complaint referred to his protest, the re- fusal to support which lost him the cup The Ethel Wynn in the sixth race, he says, certainly violated rule 34, by not keeping clear
 The committee threw out his protest because nobody on board the committees boat was able to see any violation of the rule. The committee he declares. ought to have taken evidence on both sides before deciding the matter.
 The Ethel Wynn had just crossed the finishing line in the last race after the boats had been running with their sheets well eased, when the wind shifted dead ahead and the Spruce was compelled to windward against the tide to go to the line. It was this that made his boats time look so bad, fact that the Ameri- can press had not noticed. Altogether, the Ethel Wynn as an all-around craft, especially for American waters. proved to be the better boat.