New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
fBY CABLE TO THE TRIsUNE.1

London Feb 22-The proposal FOR joint conn
mission communicated through Mr. Smalley's dis
patches to "The Times has revived the discus
sion OF rhe Venezuela question That Journai
has ted tfe Washington plan intelligertly
and sympa thetically, and Mr.. Henry Norman
while suspectng an infringement upon one OF his
many patents. has also approved this method OF
settlement. THE Daily News" whose new Edi-
tor was the first 70 suggest IN Inc Westminster
Gazette a conciliaton board In place oil aroitra-
ton. also sanctions this diplomatic undertaking.
The subject Is generally discussed by the pro-
vincial press in q spirit friendly to the United
States English critics think that Mr.. Cleveland
IS trying 10 open a bridge behind him for the re-
treat OF his commission: hence there Is some as
perity in the comments upon the alleged WASH
ington demand that the proposal or joint COM
mission with referee attachment. shall be ac-
cepted or rejected whole.
Journals like The Scotsman" remark that II
was Mr. Cleveland who established the impasse
and brought conflict between the two English
speaking races within view by closing the door on
arbitration and directing the appointment OF
commission TO fix the English boundary iney
contend that he should draw back rather than
Lord Salisbury VINO stood quietly in his place.
Other journals also complain that Mr.. Clevelands
proposal Is not approved by the American press.
compelled to accept 1t as whole without the
privilege OF dotting an | or cI ossing 7. Mean
while Lord Salisbury remains Foreign Secretary
and Is not likely 10 surrender his functions
While direct settlement with Venezuela would
offer the spcedies method Of settling the dispute,
Lord Rose5ery has pointed out the advantage or
having u responsible nation like the United
states TO deal with. and 1t Is thought possible
that informal neg citations are now going on for
a compromise on the lines indicated by Mr. Small
leys dispatches. although no decisive action has
vet been taken. Interest In the subject is con-
fined mainly TO leader writer's; the Venezuela
question Is no longer a topic Of conversation In
clubs and private houses Everybody takes 1t Tor
granted that Lord Salisbury and Secretary Olney
will find some way Of settling the dispute and
will not be too anxious TO points each at the
expense Of the other The public conviction Is
ais, deepening that permanent arbitration
board would be a vas; improvement upon either
professional or amateur diplomacy. OF which the
processes are slow and uncertain. The Blue
Book on the Venezuela case will be issued next
week.
| Dr. Jameson will not enter Plymouth Herbor
In triumph as Drake and other famous hlibusters
/ and corsa!rs have done in the past Indeed. ne
may not enter it al all since II is suspected that
where else and bring him quietly to London.
Mystery enveops all Official plans tor his recep-
ton and the preliminary legal proceedings. what
over trey may be- Mr. Chamberlain, who has
been irdugent 10 the newspapers in every other
branch of the South African affair Is now uncon-
rnunicative He evades questions In the House
Of Commons and refers nquirers blandly to the
law officers OF the Crown, and they are as mute
as Justice IL bronze.
some things have leaked out like the visit Of .
d.spa bearer to the Colonial Office 10 communal
cate the details OF Jamcsons refusal TO turn back
when ordered in the name Of the Queen to retire
from the Transyaal. and also rumors OF the en-
gagement OF distinguished counsel for the de-
fence Of the prisoner but the officials have taken
extraordinary precautions to keep their plans Sc
cret Apparently every mouth on shipboard has
been padlocked. and Dr.. Jameson and his COM
panions will arrive prs s)ners Under the charge
Of detectives and forbidden to hold any converse
with inquisltive reporters. Probably they will be
taken ashore at night and every effort made to
forestalI anything like public reception.
Earl Grey who succeeds DR.. Jameson as ad-
mnistrator. knows South Africa we'll and Is q
man os sobriety and judgment. and one of the
founders os the Eighty Club. He IS now a Union
is. not a Home Ruler Ike Rhodes. He has
taken an interest in many side issues. apart from
noli;ics such as university extension. Church
! form and the cooperative movement. His APP
pointment will be regarded In the Transvaal as
| check upon Rhodes and as assurance that no
more raids will be allowed. at least until the
Jameson trial Is over.
Mr. Chamberlain is still waiting for President
Krager's reply to the invitation to come to Eng
! land and talk over the whole matter. That wary
veteran is in no haste to commit himself on the
/ ic Inc 70 fujO Op, h,ov "
Jameson will be received and whether any real
| attempt will be made TO prosecute and punish
the raiders.
Barney" Barnato is foll)wing Cecil Rhodes 10
South Africa sailing to-day. Eighty friends ten
dered him farewell dinner at the Savoy Hotel
Sir Rivers Wilson proposed his health and the
company including many titled guests. gave MIN
a hearty greeting. He took pains to diseiaim
personal responsibility for recent events IN '"e
Transvaai. and asserted that he could producs
documentary proc. that his firm had possessed no
| knowledge of what was going on uhtii the o"'
| break occurred. He even volunteered the inio'
| nation that he had done everything IN MS power
% avert tho crisis Although he goes to South
Africa for business reasons. 10 look 'l'e' HIS e"o
mons speculative interests there. nobody suspects
| that he is anxious to be caiieu 10 '"e "''"es
stand in the Jameson trial.
The continued cheapness OF money IN Lohaoh
| amazes financial experts. The prices or cohsois
ore tho greatest ever recorded, and the market
| quotations on many classes OF securities are
| s,,,sr than they have been since the flush period
| preceding the Barring crisis. For two years the
| omcial minimum OF the Bank OF England has
stood at per ce 1t. Never before was that rete
maintained for so long period. The high prices
| OF consols and the low rate OF Interest Indicate
that In spite of foreign complications no war
cloud Is really In sight in any quarter OF the hor-
zon The In crease in capital is forcing down the
rate OF interest all over the world. Experts pre-
dict that unless an outbreak Of war intervenes.
Nor will become the standard rate OF interest