New-York tribune., 1896-01-12


yet broken. although crcumstantal evidence
implicates him in the raid Certainly Mr.. Cham
berlain has thwarted by his infexible will the
project of conquering the Transvaal. For once
the ambitious and self-reant leaders of South
Africa have found in the Colonial Office a master
whose hand cannot be forced.
A good deal of gunpowder lies scattered about
Guiana and Venezuela. antra spark snss- acci-
dentally set it ablaze The English. with their
fying squadron in commission and war with
Germany a Jingo fantasy. are not in hot has'e
10 negotiate a settlement with America al
though they really desire it. They stln re-
member President Cleveland: mehacms l'"-
guage and consiaer it his duty 70 max 'ne
first amends. That is the tone oi hlluch''a
journals like THE Scotsman" and The Times
as shown in the latter's leader to-day ii l. pos
sible that Americans by too much ardor Ill
peacemaking may defer the settlemeht GER
tainly they need not say too much ABOUT 'he
Utopian scheme OF permanent arptra"""
board. Venezuela ana the Monroe Doct'l"e
should come first. the millennium py-ahu-oS'
England has set the example in armaments
which are worthy Of imitation Measures Tor 'he
construction of a fleet Of commerce destroyerS
and Of coast Notifications might be as pac!hc III
tendency as the English naval demonstration
against Germany.
English opinion on the present state Of Ainerl-
can finances is confused and unfavorable IN
perts assume that whether the new loan De
success or failure. gold will continue 10 H'"
Hrom the United states 10 this side ana thdt MI
C1eveland's bond negotiation. whether wl'h 'he
people or with a syndicate. will be only tenn
porary palliative which will leave the existing
evils Of the currency system as menaclng as pe-
fore While the prices OF American railway Sc
curit!es have risen with the improved feeling OF
the market in the last few days it is not proba-
be that new issue OF bonds will find takers
here Talk about conciliation and good feeling is
amiabe enough. but investors will distrust
American securities of all kinds until the Treas
ury at Washington is relieved of embarrassment
and the currency question is settled in some way
The civil war in Cuba attracts less attention
here than the financial straits of the Madrd Gov
ernment The news from Havana is confusing
hut indicates the ultimate failure of Marshal
Campos with his garrison Of hundred thousand
men 10 suppress the rebellion. The impunity with
which marauding parties of rebels have overruh
the outlying districts Of Havana and Matanzas
can be explained only on The Assumption that
the population OF the western end of the island
Is discontented with the Spanish ruiz and in
sympathy with the movement The news from
Havana has had a serious effect on spanish
funds in every European exchange. the fal III
London being two points in two days FROM
Paris come rumors that the Spanish Government
is trying to obtain a considerable advance from
the National bank and is promising in return
assistance for increasing the note-lssung power.
The limit IS now two hundred million dollars
and this has been practically reached this week.
The sharp rise in exchange proves that the proc
ess Of imitation cannot continue much longer
~ 70
payments.
Wars alarms have not been so serious as 70
interrupt the gayety of the passing holiday
season. The Juvenile ball at the Mansion House
was the usual picturesque scene. with swarms OF
children masquerading the famous figures OF
history and romance lingering under the kissing
bush and dancing merrily until midnight. The
county bali at Hatfield House occurred on one or
the critical nights of the week. and the Marquis
Of Salisbury was there host without showing
signs of the cares efs state. There was also
brilliant ball at Lady COwper's and there has
been much social gayety IL London. The Prince
Of Wales has been entertained at Lowther Castle
for several days and has had excellent shooting
In the preserves where the German Emperor
went cunning few months ago Jenkins
not present either count the birds in the game
bag or to admire the furniture Of the Princes
bedroom. and the world does not know whether
Lord Lonsdale took the side Of his friend, the
German Emperor in the Delagoa Bay episode or
the English succession question.
This last it will be remembered. was raised
not long ago by the Frankfurter Heltung,
which argued that the Empress Frederick as the
Queens eldest child would have precedence over
her brother. 1t is curious fact that in the
present excited state of feeling agains; Germany
this old question OF the succession to the Engllsh
throne which Fyoude and many Other WsiteIs
have discussed, And which Won Moltke and Bis
marck are known 10 have talked about, has
been suddenly revived and the German En-
peror is seriously charged with aspiring to be
King of England in place Of he Prince of Wales,
on the ground that the succession laws make
no difference between sons and daughters, but
apeak of children only. Serious men will begin
by talking about the insOent dispatch sent by
President Kriiger and end by affirming that the
German Emperor, as the eldest son Of the
Queens eldest child. will lay claim some day 70
the English throne.
The Queen. meanwhile. Is IN excellent health.
although she has been Isely occupied with
public affairs this week. Messengers have been
on the road every day between Osborne and the
Colonial and Foreign Off ,es. Her Majesty is
constantly consulted at every turn Of affairs.
Mr.. Chamberlain Will return TO London to-day
TO attend a Cabinet meeting. after prolonged
consultation overnight with the Queen at Os-
borne Probably recent state OF affairs has
engrossed her attention so completely as her
grandsons adventures in TIE politics Of South
Africa.
Purcelrs Life Of Cardinal Manning" is re-
viewed copiously Dy the press, but few notices
are free from theological bias. The biogra-
pher while doing his work conscentously and
candidly, still cOntryes TO light up the contro-
versial question Mr.. Gladstone's edition OF
Bishop 81 tiers works will be published next
week from the Clarendon Press. The editor has