The San Francisco call., 1896-10-04
of the proprietor of the London Daily

of the proprietor of the London Daily
Telegraph.
The grievous illness of George Du
Maurier shows no signs of abating. The
greatest sympathy is felt for him here,
and 1t will no doubt be echoed from the
United States. The latest news from him
was very serious indeed.
Considera BILE ferment has been caused
in high church circles here by the dis
cussion of the Papal bull on the Anglican
orders. Cardinal Vaughan, at a meeting
of the Catholic Truth Society at Harley,
definitely, but with admirable courtesy
and tact, made it clear that Anglican
orders are not recognized and never will
be. Nothing else was to have been ex-
pee ted and it is more than possible that
the next few weeks will see in more senses
than one many journeys to Rome.
The inhabitants of Black Island in the
River Shannon have their own clear views
about the justice of collecting arrears of
the seed potato rate. This being so, they
and friendly neighbors on the mainland
have drawn upon the shore all their boats
and the Sheriff and his minions cannot
get near them. am cold that the Black
islanders have goodly stock OF pro-
visions and that the Sheriff may be
much older man when finally he effects
landing on the island.
The past week has peen an anxious and
exciting time in the city. 1t came alter
more than two years of abnormally cheap
money, during which speculation for rise
was carried on with unbroken success and
Tom, Dick and Harry were able to borrow
money at from / to 2 per cent upon all
kinds of promising as well as paying
securities. During all that time, too, it
seemed as if really there were no end to
the possibilities of making money in this
way. Suddenly the English store of gold
began to dwindle and drain to the
United States set in. The Bank OF Eng
land raised its rate and the resulting new
standpoint revealed the weakness of specu-
lation and perilous condition OF affairs.
The only wonder is that there was not
serious panic. As a matter of fact the
action of the bank was chiefly precautions
ary. Money is now found in plenty for
every body at no more than 8 per cent and
the city generally inclined to laugh at its
own fears. Stock Exchange men are glad,
however, that settlement and the end of
the quarter are over.
The proposed Spanish loan, complete
fasco now on tie market for foreign
bonds, is under a cloud, which the East
ern question and Continental doubts as
regards the desisns of the British Govern
ment do nothing to tighten. The amer
lean market, however, is much improved
in tone by the dwindling prospects OF the
silverites. while home securities of the
good and better sorts are buoyant.
Meetings were held to-day all over Eng
land to express indignation at the Arme-
nian business, but there is certainly
falling off in the intensity of the lever. 1t
is due, possibly. to hints from responsib BILE
quarters that something is really doing.
Certainly Lord Salisbury had over two
hours of talk with the French En- bassador
yesterday and the latest advices received
tonight from ConstantinopIs tent to
show suspension of hostilities there.
When the English temperature has low.
cred again and when English eyes are less
blinded by fires in the East, people will
find room for sad and sober reflection in
the fact that this week, owing to the ter