New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-26
THE NEWS OF EUROPE.
ENGLAND IS IN NO HURRY TO SETTLE
THE VENEZUELAN DISPUTE.
CHANCE FOR AMERICAN sEcuRITIEs-THn
FRENCH cRIsIs-MoRE TROUBLE FOR JANE
soN-cHAMBERLAINs PRESTIGE LOW
Erred BY RECENT NEWS FROM
SOUTH AFRIcA-BARoN DE
HIRsCHs ESTATE DUTY
THE EPSON

SOUTH AFRlCA-BAHON DE
HrRscHs ESTATE DUTY
THE EPSON
MEETING.
FEY CABLE TO THE rRrBUNE1
London, April 25-The furry over the venso.
uelan question was as a bubble rising to the sur
face Of stagnant diplomacy American secura.
ties were depressed for day. but quickly rallied.
II is evident from Mr.. Curzon's answers TO Mr.
Labouchere in the Commons and THE TfmesC
leader to-day that nobody In the Foreign omse
is alarmed by diplomatic inact'on' ana tnas
dawdng is regarded as sign or progress. Mr.
Cleveland may be In a hurry, but Lord sai's-
bury Is not. What those nearest the Foreign
Office have said from the beginning Is that the
adjustment Of the Venezuela question should %
attempted on the line Of least rather than great
est resistance. The resumption OF diplomacc re-
lations between England and Venezuela wouId
have been the more natural and easy policy D.
cause 1t would have opened the way for tns
settlement Of the frontier dispute without the
Intervention of third Power. Secretary O'neS'
Il Is reported here. while protesting
willingness to have the question adJusteo
in this way. has proposed a complex
method Of international mediation by q new
commission which could take the place OF the
present ex-parte American Commission. Thie
was an unnatural and difficult policy, since 1t In
vo,ved the recognition Of the American claim to
exercise a consultative or decisive influence n
determining the frontier Of the British Empire.
English critics assume that Mr.. Cleveland ana
MIR. Olney having deliberately chosen the more
difficult method Of adjusting the controversy,
ought not to complain Of the inaction ana de-
Law for which they themselves are mainly re-
sponeible.
One thing Is evident: The British Foreign
Office is not in hurry to settle the quesuon.
and cannot be spurred into action by rev1val
OF the menace of a hostile report by the. An,eri-
can Commission. Nothing Is gained by'waving
the red rag before the eyes Of John Bull Loro
Salisbury naturally prefers to deal directly with
Venezuela. and expects to dispose Of the dispute
in that way, after wearing out the patience Of
the State Department at Washingtop.
The condition Of the money market In London
Is such that the surplus capital now lying Idle
would 20 into American railway bonds ana
stocks Of all kinds If the Venezuela nenace were
removed and the triumph Of sound money prin-
ciples in the United States were assured. Never
before have consols and the best classes OF Eng
lish stocks been so high as att present. I'm
mense masses Of capital are already locked up
in South Africa and South America. and with
political turmoil prevailing fn one country ana
financial uncertainty In the other neither neid OF
investment Is now favored. II American credit
had not been damaged by the Treasury oencitss
the increase OF the National debt and foreaSn
complicatons the United States would now D
the natural outlet for the unemployed capital OF
England Investors want a good return for theis
money which they cannot get by buying consois
and good English stocks at current rates. All
that Is needed is reinsurance on the currency
question. and American securities will rise I'll
along the line.
The French sis raises a constitutional Quee'
ton which may require meeting OF the Ma
tional Assembly before 1t can be settled M.
Bourgeois who defed the Senate so lorg az II
passed votes Of censure. has surrendered wnep
1t stopped supplies. In explaining the resignd-
tion of the Ministry he has declared that the
power of making and unmaking Ministries be-
lorgs 10 the Chamber Of Deputies alone. and the
popular House. elected by universal suffrage haa
passed a resolution sustaining this view, but
neither Premier nor Deputies have pursued
line of conduct consistent with that position.
BY resigning office NJ. Bourgeois admitted by
act what he denied by word, namely. the right
of the Senate to unmake Ministry; and ths
Deputies. by accepting the resignation. virtually
sanctioned what they declared by resolution Q
liz urpaton OF power. Logically, the Senate has
established precedent that a Ministry cannot
rule independently Of it's support. What remaina
to be proved is whether the French people are
true to the traditions of the first revolution and
bent upon making fight for a single Chamber.
omnipotent in legislation and government
NJ. Bourgeois has declared that Ministers pass
but ideas remain. II that be true, NJ. Bourgeois
may return to power after general election
iortt, oad 70 IL aholifiOn
Of the Senate 1t is more probable that Presi'
dent Faure will find a new Premier. who will
organize Ministry Of concentration. and that
the French people will speedily forget that there
has been a crisis. The Senate Is not, like the
English House Of Lords, body without repre-
sentative character 1t is~eected by the prop
ertied classes, and has made q stand against
NJ. Bourgeois because he was pledged to .
scheme of income taxation avowedly 6ocalstic.
Humdrum policies are the order Of the day In
British diplomacy and politics Buluwayo, with
the wires connecting 1t with civilization alter.
Eately broken and repaired. is the centre OF in'
terest. but with over thousand well-armed
English colonists there 1t probably protect
itself against invasion by a horde of savagea
To-day's details of the last skirmish prove this
DR.. Jameson suffers from the sequels to his
march on Johannesburg. since the revolt OF the
natives Is recognized as direct result OF the
withdrawal Of his force; but that withdrawal
was an imperial arrangement, for which Jane
son was not responsible. The troopers were
shipped to England for no practical purpose. ana
after fortnghts enjoyment OF London concert
halls sailed for the Cape. where they are now
arriving or already on the road to Buluwayo. II
they had been allowed to return to the Chartered
Company's territory the revolt would not have
occurred.
Mysterious are the intricacies OF imperial
policy; so inscrutabe. indeed. that Mr.. Chamber
lain is not receiving much praise as formerly
for his conduct Of colonial affairs especially as
the message now on its way from Pretoria n ad.
mitted to be a refusal from President Krtger to
ccme 10 London.