The times. [volume] (Richmond, Va.) 1890-1903, 1896-11-01
LORD MAYORS BANQUET
LORD SALISBURY EAPLCTED 40 RE-
PORTIN mr. TCRKIsH QUESTION
That Terms Have Been Agreed on Likely
to Result in P.ace-1he Price OF
Wheat Expec. ed To Hold Up.

LONDON. Oct. 3i.-The progress OF the
negotiations for the holding Of con-
ference on the Turkish question, propos-
ed to the Powers by Prime Minister
Salisbury, is favorable. Tho official eN-
pectatlon in London is that Lord sails
bury will be able to announce at the
Lord Mayors banquet az the Guild Han
on November 9th that the conference has
fixed on terms That are likely 10 result
in the preserving Ct peace. The fact
that the holding Of such a conference Is
virtually a crushing defeat Of British
diplomacy does not enter the mind CT the
average Britou. Reliable reports through
the Foreign Ouiec credit the sultan WITH
appointing a private commission' CONF
posed Of distinguished and veal ny Turks,
with other pcrsO cages outside OF oihclAl
circles. 10 inquire independently into the
Auatolia troubles and the Constanunop'e
riots. The obvious intention Of the sui
tan fs 10 pose as truthsecker and I'M
partial investigator
VENEZUELAN BOUNDARY.
Another intended announcement at the
banquet, towards the enabling or which
fine Foreign Ohco is making strenuous
D. a.
zlelan difficulty has been settled. Sir Ju-
liam Pauncefote the British Minister TO
the United States. has been instructed
bv the Foreign Office d accelerate the
negotiations.
,rhe Cabinet will meet on November
4th. and again on November 1th when
the ministerlalists hope that Lord SANS
bury will be able 10 tell his colleagues
OF the success of his diplomacy regard
ing European and American questions;
with the resumption Of Cabinet councils
there begins the reign of the speculation
anent the government programme lor
the coming session.
The list Of bills 20 be promoted Is
known by the lapsed measures OF asst
session. Chief among those IS the educa-
ton bill. the failure Of when - nouDe
fully said to have fastened the death VI
the Archbishop Of Canterbury.
Tho sin under process OF amendment
has become very much TRANSPORTED from
rs original sectarian character. sir Johh
Gorsrs article I'm the North American
Review Is spoken Of In Jnionist c!ups
and generally in Conservative circles os
having given the whole ministerial case
away. This implies that the bill, II II
Is 10 have the countcn9nce OF the Duke
OF Devonshire and Sir John Gorst' must
be presented 10 Parliament, without the
PROPOSALS insisted upon by LORD sans
bury and inspired by the Bishops. sir
John Gorsts allusions in the North Amer
lean Review 10 the territorial aristo-
cracv's persistent hostility 70 intellectual
nrogress are true enough, but cannot
from q ministerial point of view be con-
siderod discreet They will add 70 the
governments difficulties In shaping
COMPROMISE bill. Education. II Is be
lievel. will be the chief measure OF the
session.
Alr. Chamberlain's old-age pension
scheme may be mentioned in the Queens
speech but there is little chance OF any
bill on this subject being introduced.
RISE IN WHEAT.
4 representative OF the Southern Asso-
ciated Press has had an interview re-
earding tho wheat situation with Mr..
Seth Taylor. the largest miller In Eng
land a committeeman OF the Baltic
salesrooms, and the principal trader in
Mark Lane Mr.. Taylor said:
considering the condition OF supplies,
the rise I'm wheat is likely 10 be maintain
ed. Business Is knit with sentiment.
which cannot be controlled IN London.
IL follows IN nay opinion that fluctuations
must continue until the nervousness
arising from the American elections has
subsided London dealers do not rely
upon any estimate OF the result OF cleo
toral struggles. They hold that IT is
impossible TO foretell. and that il is inn
possible TO calculate lmpartially whose
election will be OF most benefit"
Summing up the position Mr.. Taylor
said II know enough 20 know that no
body knows anything about IT,"
The underwriters at the Lloyds. IN the
absence of speculative shipping risks. are
willing To bet on anything. They are
insuring Mr.. Mckinley as the successful
candidate at premium of q per cent.
That Is 90 say. If a person hands the
underwriters twenty gulneas. and Mr..
Mckinley is not elected, the person will
receive one hundred guineas. These are
pretty long odds. but the Mckinley be-
levers show the courage OF their convlc-
lions In laying them.