New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-24


SECURITIES COLOSSAL FAIL
URE IN cUBA-"JAMEsoN's LAST
STAND" EXHIBITED IN LONDON.
[BY CABLE THE TRIBuNE.1
London. May 23.-With the majority In the
House Of Commons more or less at the mercy
Of the faction-rent Opposition. and with the
legislative results OF the session foregone con-
clusion, which has already ceased to interest the
public. foreign affairs again command attention.
to the exclusion OF everything else The sor-
rows Of one dynasty are foil for the gloriee OF
another The death Of Archduke Charles Louis
leaves his son. Ferdinand. who is incuraoly III
from pulmonary disease the heir presumptve
to the Austrian throne, with Archduke Otto, the
nleasure-loving sporting squire. next In the line
The question Of the succession TO the throne OF
the cong1omerate empire of two monarchies ana
eighteen states. with antagonistlc races PuiNns
in various directions is frauSht with DANGER
but The nresent Emperor has outlived four heirs
already and while he IS an unhappy and un-
lucky sovereign he Is hale and hearty at sixty
six. Moreover. the Austro-Hungarian monarchy.
like the French Republic. hangs together be-
cause no other form Of government Is possible.
The coronation in Moscow, with their
antique ceremonial and stately spiendors' ars
described in minute detail by the English press.
. renewal Of the Nihilist outrages IS not appre-
hended since unexampled precautions, unknown
even In the most despotic periods OF the Roman
Emntre. are taken to prevent their recurrence.
and since moreover the revolutionary con-
spirators are almost certain 10 wait until tho
tone Of the new sovereigns domestic policy
Is disclosed before beginning afresh their work
underground. The maintenance OF European
peace depends mainly upon the foreign policies
and nersonal caprices Of the Car. and the cere-
monies in Moscow are chiefly interesting from
this point Of view. The only disquieting sign. In
the Judgment OF English censors. is the con-
spicuous display Of friendship for France. Tho
most honored guests seem TO be the diplomatic
representatives of the Republic, and The Mar
seillaise" is the favorlte tune Of the military
hands in the squares Of Moscow. This is =
narrow basis for the assumption that the Car
has any intention Of interrupting the peace or
the world
The fortunes Of Continental dynasties interest
the Englshmen less than the inextricable COM
plcations Of South African affairs. The Ger
mans are also keenly alive 10 what is going on
in that quarter of the world. Several Berlin
Journals are clamoring for an offensive and de-
feDsive alliance between Germany and the
TransvaaL but these not authoritative
voices The German Colonial Association, which
will meet In Berlin next Saturday. is expected
TO take strong ground in favor OF declaration
Of neutrality toward the Boer republics and the
Increase OF the Imperial Navy. The utterances
OF the press and the Colonial Association are
chiefly important because they are tolerated.
and 10 that extent sanctioned by the German
Emperor He himself is mute regarding South
African affairs. The Beers. however do not ap-
pear to need foreign ally. being abundantly
able to take care OF themselves. Their chief
danger IS arrogance resulting from the advan-
tagee Of their position and their amazing suc-
cess in defying English opinion and outmanoeuv'
ring Mr.. Chamberlain. They are incapable Of
the high virtue Of magnanimity in the hour or
triumph They regard their political prisoners
as hostages. whose sentences can properly be
reduced by easy stages. in order to compel tho
British Government 10 prosecute Cecil Rhodes.
punish Jameson vigorously and abolish the Char
tered Company. They exact a ransom in tho
form OF fines 10 the aggregate Of over half
million dollars. yet do not release the prisoners
but keep them IN jas where the sanitary condt-
tons are Infamous
Apart from the severity Of the so-called COM
muted sentences. the Beers lose no chance OK
batting and drawing out Mr.. Chamberlain. Moth
ing could be more irritating than the insolent
renewal Of protests against imaginary arma-
ments and war prepare tions at Mafeking. But
Mr. Chamberlain brought this affront upon him.
self by the unnecessary pains taken by him re-
Gently 70 assure the Boer Government that the
email reinforcement sent out for the relief OF tho
Cape and Natal garrisons was not intended as
menace TO the Transvaal While i, is evident
that the capitalist prisoners at Pretoria, II tho
Beers are allowed to continue their present
~ al n,f, htr ha acrifc Of
Brlteh interests. Mr.. Chamberlain, with all his
shrewdness and pride. is APPARENTLY incapable OF
doing anything more than 10 ring the changes
on the magnanmity with which he credits
President KRUGER Barney" Barnato is the only
Englshman who has accomplished anything at
Pretoria; he has secured the release of his
nephew
The legal representatives OF the Crown have
returned from South Africa with q budget Of
evidence for Against DR.. Jameson A dozen
Witnesses Will follow them. and cOmmitta pro-
oeedings will be closed in Bow Street by the
middle of June. Under the usual procedure the
main trial must be brought on within a month
or six weeks and. as the witnesses from South
Africa will be the ground. there Will be 10 de-
lay. The Beers, having played off set Of
prisoners against another when they made the
disarming and surrender OF the Johannesburgers
the condition for the release of jameson and his
troopers last January. can now repeat the game;
they can squeeze the millionaire convicts we'll
and prolong their Jail residence indefinitely IL
there be any nnching on the part Of the British
courts in the jameson trial or any hesitation In
prosecuting Cecil Rhodes the real head OF the
whole conspiracy. They are holding back tho
development Of the Rand. with its untold min
eral wealth. paralyzng investment and indus
try. and killing the proverbial goose that lays
the golden egg.
With easier quotations for money caused by
the release OF the Japanese funds. there is little
speculation in South African shares, and almost