The San Francisco call., 1896-03-09
Berlin Hopes That Humbert Will
Be Forced to End the
Campaign.
ITALY PRESSED FOR FUNDS.
No Longer Able to Negotiate Loans
With Her Neig ighbor-Attitude
Toward America.

BERLIN, GERMANY, March S.-lt Is De-
heved and, indeed, almost desired in Off
cial circles here that King Humbert will
be unable to find an Italian statesman to
form Ministry who will be willing to con-
struct Cabinet on the basis of a continu-
ance of the war in Abyssinia, and will,
consequently, after an interregnum of a
week, be Obliged to recall S1gnor Crispi,
who, after strengthening the Cabinet. will
order General Baldissera to seize the first
chance to fight a successful pattle with the
Shoans and then terminate the African
campaign.
In the course OF current discussion in
financial circles yesterday upon the possi-
biIity of Italy's concluding loan in Ger
many the report got abroad and became
generally credited that this view has been
commended to King Humbert by per-
sonage high in German official circles.
In regard to the floating of such loan,
however, there is only one opinion. Ger
many already holds more than enough of
Italian securities and nothing that Italy
has to offer could induce the open opera
tion of a new Italian loan in Germany.
With crushing national debt, her banks
of issue practically insolvent and her rate
Of taxation at the maximum figure, the
Italian Government, in order to obtain the
sinews of war it needs must secure them
through private arrangements outside of
the ordinary principles upon which finan-
cial houses work. There are still resources
in Italy for which, if they were pledged,
loan syndicate could give the Government
q substantial loan, but not otherwise.
hot |,
ruption in the administration Of the Ital-
ian Government and the absolute corrup-
ton prevailing in the civil service have
been potent factors in the decline of the
country. and that if any more German
money goes to Italy it must have much
better guarantees than the existing loans.
Only within the last few days advices from
Rome have reported it as probable that
the Government would pay its foreign
creditors in paper currency. which is now
at a discount of IA per cent. The Italian
rentes and Italian railway securities,
which have been thrown upon the market
by general holders, have been partly taken
up on speculative account.
As representatives of the official and
popular views in Germany of the attitude
of the United States houses of Congress in
regard to Cuba, the expressions of the
Vorwaerts, the principal Socialist organ,
and the Cologne Gazette, the leading
National Libera, organ, may be contrasted.
The latter journal. affecting national i'm
partiality. accuses the Americans of pur-
suing schemes of trade and conquest under
the guise of feeling for oppressed and
suffering humanity. Spain, according to
the Gazette, ought to repel the interven-
ton of the United States between herself
and the Cuban rebels upon lines similar
to those upon which the United States re-
jected the Intervention of France and
England in behalf of the secessionists of
the Southern States of America.
The Vorwaerts, on the other hand, holds
that the vote of the Uniled States Senate,
favoring the recognition OF the belligerent
rights of the insurgents in Cuba, was of
such enormous moral import that Spain
will henceforth be unable, by any possible
successes in the field, to accomplish the
subjugation of Cuba. This utterance of
the Vorwaerts may mean to imply that a
revolution in Spain is among the prooabili-
ties; but it must be accepted as referring
to the reports now current of an alliance
between France and Spain against the
United States. The Vorwaerts adds:
"Such an idea as Franco-Spanish alli-
ance against the United States is fantastic
The great Republic was founded with the
aid of the French, who have ever since
admired their sister Republic
Baron Won der Recke Won der Horst
Prussian Minister for the Interior, has for
warded communication to Washington,
through the regular diplomatic channels,
stating that he is astonished to find that q
certain State of the American Union is
seeking to negotiate directly with the
Prussian Government, through a special
envoy, thus ignoring the established usage
The Minister says he has taken cognizance
Of the fact that Governor Morton has not
acted upon the proceedings of the Albany
Senate and Assembly, and i'll turn admits
that there was chance that the DEGREES
canceling the licenses of two New York
insurance companies might be repealed.
But, he adds, since the interference of the
amateur special envoy from New York
State to Berlin the position has been SO
completely altered that the Prussia an Gov
ernment cannot repeal the decree, and it
must now be represented to the public that
the influence of an amateur diplomat has
caused Prussia to yield.
Even at the risk of Governor Morton s
application of the recent resolution of the
Albany Legislature refusing to renew the
Licenses of Prussian insurance companies
doing business in the State of New York,
this decision, he says, will in the mean
time be adhered to.
The Emperor will receive Count Golu-
chowski, the Austrian Minister of Foreign
Affairs, tomorrow, with unusually great
state ceremony, and this announcement is
accepted as marking the importance of
the Austrian Minister'S visit to Berlin,
which. it is generally believed, has for its
object a. conference upon the subject of
the future of the Dreibund in view of the
recent events in Italy.
The Hamburg Chamber of Commerce
has held meeting which was attended by
all of the prominent merchants and bank
ers of that city, to protest against the
pourse laws which are proposed by the
Government, designed, as the proposal
sets forth, to prohibit dishonest transac-
tions on the bourses.'' . The meeting passed
a resolution declaring that the proposed