The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-12-07
SALSBURY'S ANSWER
To Our Governments Note Re-
A garding Venezuela aagas
WILL BE MADE PUBLIC NEXT WEEK

! Less Autocratic Than John Balls Com !
munications to Weaker Nations-Mnls'
4 Biii to Preserve the Treasury Surplus.
II WARRINGTON, Dec There was pretty |
general discussion Of Venezuelan affairs
among members Of the house yesterday.
The general opinion among those who will
hnve the conduct Of foreign affairs in
charge In the house is that lord Sails
burys reply will be diplomatic evasion
Of the main issues; that 1t will be couched
IN tho most friendly terms and while ex-
pressing willingness to arbitrate as to q
portion of the disputed territory, will deny
The right Of the United States to ask Great
Britain to arbitrate as to the territory the
ownership Of which Great Britain claims
IL hers beyond dispute. In other words II
is believed that Great Britain's reply will
temporize with the subject and simply
open tho way for further correspondence.
Salisbury S reply will be sent to congress
next week, having been presented to Sec
retary Olncy by Sir Julian Pauncefote,
tho British ambassador, today.
"A glance at the correspondence" said
. prominent Republican member today,
twill show that this has been Englands
position and policy for fifty years. She will
Seem to yield something, but she will stake
on a line beyond which she will go in the
matter of arbitration. That was Lord
Granyille's policy. 1t will be Lord Sails
pury's. Though Salisbury Is imperious by
inclination, he will be exceedingly eau
EIous The considerations involved in an
open breach with England or anything ap-
preaching an open breach would be great.
Credits would be Immediately shaken.
The question Of the tariff is infinitely OF
more Importance to Great Britain than the
ownership OF few gold mines Of Vene-
zuela
"Above all things, depend upon it that
England will not by any act of hers ag-
gravate an anti English feeling in this
country or givc cause, If the most delicate
arts Of diplomacy can prevent IT, for war
agitation here England breads unfavor-
able tariff legislation. She knows that the
drst result of bittor anti English feeling
would be retaliation upon her through a
radical revision of the tariff. A tariff In
duced by hostility to England growing
out OF England's encroachments in this
hemisphere which had aroused the resent
ginent OF the American people would send
100000 Englishmen to bed without their
quppers, Such material considerations
England never overlooks. The loss of our
commerce stopped the war OF 1912"
Senator Mills attention was called to-
day TO the fact that objection had been
madc to the part Of his bill directing the
secretary of the treasury to pay out silver
when tho reserve Is below 500 900, 900, viz,
that It would put gold at a premium.
f'This reasoning" he replied, "is utterly
fallacious. That result can take place
only when the volume OF silver or paper is
% Increased as to increase prices in this
country when gold would be exported but
no mere manipulation OF the silver OF
paper now in circulation can change prices
~ mr. If tha trAa rafttzaa .rpId
for export the exporter must buy bills of
exchange. II the treasury notes arc all
paid or all bonded the result would be the
dame. Exporters would pay premiums on
fold when exported, but the gold standard
would remain unchanged.
when the gold reserve is over &10o, 900, !.
900 the treasury Is in easy circumstances
and may redeem Its notes in either gold or
silver as it.may be desired by the holder oi
Its notes. When the reserve is under 500,
100000 the cautionary signal Is up, and
the secretary should protect the govern-
mont by paying in standard silver coins
and stop n run shat may be made to en-
barraSs the treasury and compel 1t to sell
bonds to foreign and domestic capitalists =
The house was in session but half an
hour yesterday, when 10 adjourned until
Monday. Mr.. Baker. of New Hampshire
who has proclaimed war on Secretary OF
Agriculture Morton because OF the latter's
refusal TO expend an appropriation for the
purchase OF seeds for distribution among
congressional constituents, attempted to
put through q resolution calling upon the
secretary for information upon the sub
3ect, but Mr.. Mcmillan, OF Tennessee, OBJ
3eeted. Later Mr., Walker, of Massachu-
setts In whose district reside nine tenths
Of the naturalized Armenians in this coun.
try, asked for the printing In The Record
Of their resolution reclting tho outrages
committed upon their relatives In Turkey,
and pledging the support of congress to
any steps that might be taken by tho ex
ecntiye for their protection, but to this
Mr.. Turner, of Geqysia, interposed an OBJ
lection.