The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-12-29
Special Cable Letter Deals With Matters Of
Current Interest Across the Ocean.
THE VENEZUELA AND BOND QUESTIONS.
a Chartered Company for British
Guinnn-Thc New Governor of that
british Observation-Disclosures lucs-
tions of More Interest tllnu DipIo
nntic-The New nonds.
Especial Gable Letter.)


which was the first newspaper to print
the ultimatum of Great Britain 10 Ven
eHnela on October 18th, publishes to-
day statement that initial steps have
peen taken in British Guiana to form u
chartered company whose operations
shall lie between the Icsseauibo and
the Schomburgk line The Gazette
proceeds To say that the origin OF this
important political development is TO
be found In dispatch which Mr..
Chamberlain, colonial secretary, wrote
In September sketching the new policy
CT the imperial government as regard
ed interior affairs, and inQuiring If To-
cal capitalists were prepared to take
UP large concession in the Northwest
and develop it's mineral and other re-
sources. at the same time limiting that
II not there were people in the United
Kingdom who were willing to do so.
The Gazette then got,S on to print n
report of meeting held III British
Guiana for the purpose of forming 4
chartered company to take np Mr..
Chamberlain's cffer. The paper, which
claims to know the policy of the colo
NAL office, says it is certain that Great
| Britain Will not consent to leave to
arbitration the entire territory claimed
by Venezuela; hence, If not bona hde
Official guarantees of local applicants
are satisfactory there Is mo reason
why Great Britain should stay her
hand in not granting charter, despite
United States.
The financial troubles in the United
States strain the anNietieS of practical
men more than does President Cleve>
lands Venezuelan message. y most
eminent financial authority told the rep
| rescntative of the United Press that
bonds OF n ( per cent. gold loan would be
readily taken here. Three per cent.
| gold bonds would also have n European
market, but coin bonds might be dis
trusted AS matter of fact. European
investors do not doubt there will be n
recovery in the finances of the United
States. Referring To the prophecies of Il
suspension of gold payments by the
United States the same authority holds
that this should not seriously affect the
values of American stocks, though
much would depend OH what premium
gold ATTAINED.
Sir Nicholas O'Connor eX-British Min
lister to China, is spending Il short hOli-
day here prior TO going to his new post
at ST. Petersburg, where he succeeds
Sir f. G. Lascelles, as British Ambas-
sador. 1t has been learned that before
he left Pekin, Sir Nicholas procured
the assent of China TO the cession TO
Great Britain of four States on the
l5urmo-Chinese frontier, giving British
trade direct access to Southwest China.
Much interest is displayed In financial
circles here regarding the proposed
new American bond Issue. Pending
the official announcement, however, of
the issue of the loan the interest 10 be
paid and whether gold coin or coin
bonds will he given to secure the loan,
nothing definite can he predicted as
to its influence on the European mar
kets. There is 4 difference of opinion
here as to the reception the London
market would give even to new bonds
| bearing 4 per cent interest, but II is
significant hhat whereas a few days
ago all idea of taking part of the issue
was secuted, such action is now discuss
ed as n probability.
that the Rothschilds have declined to
take any of the bonds at the present
| moment.
The Statist holds that in any case the
bonds will not be offered in Europe.
The Economist says that short dated
per cent. coin bonds would be unable
TO retain the gold realized by their sale
as 1t hitherto has been unable TO retain
the proceeds of former omissions.
The Daily News, in Its financial arti-
Gle to-day, takes view similar to that
held by the gentlemen above quoted.
This view the representative of the
United Press can positively affirm is
now the leading one entertained I'm the
city where the disposition grows To
consider the loan purely on its merits.
The Daily News contends that any dcfi-
mite official intimation of n permanent
penCCd Will illill a. IettS
financial response here, which will show
that neither resentment nor distrust is
left. Even as the matter stands, n
considerable share of the new issue
could be secured In Europe.
With reference to the Venezuelan sit
uation 1t can be said that the British
Guiana chartered company over which
the st. James Gazette is trying to get
up n sensation. has not been chartered.
nor is 1t likely to get
charter until every ything is amicably
arranged between London and Wash
ington.
The dispatch of the Rt. Hon. Joseph
Chamberlain. Secretary OF State for the
colonies Offering to make concessions
within the Schomburgk line was writ
ten obviously to strengthen the Bri-
tish case against the contentious ad-
vanccd by the Hon. Richard Olney. the
American Secretary of State. An Eng
lish syndicate, relying on Mr.. Cham
berlain's suggestions, made proposals to
the Guiana Government. asking for the
grant of huge tracts of land between
the Essequibo and the sSchomburgk
frontier. The syndicate asked too
much and met with a refusal.
All this happened prior to the send
ing to Congress of President Clevc-
lands message anent the boundary dis
pute. The St James Gazette admits
hot han Io r,,h., IL