Omaha daily bee., 1897-10-10
LABOUCHERE Is In A CORNER
Fiery Editor of Truth eau hit in a Most
Unpleasant Predcament.
ADMITS CORRECTNESS OF HESS CHARGES
Owns Up that He Wrote Letters He
Once Denied and that He Was
Engaged in Unfair stock
Exchange Operations.

| Copyright, 1897, by Press Publishing Company }
LONDON, Oct. 9.-New York World
Cablegram-special Telegram Henry La
bouchere's position in view of the savage
persecution to which he has been subjected
by Henry Hess, editor of the African Critic
is the leading topic of discussion in social
and political circles. Labouchere has ad-
mitted the authorship of the facsimile let
ters published by Hess, which he first de-
nounced as forgerles. He also practically
admits he was concerned in stock rigging
transactions when financial editor Of the
London World, but contends he followed
himself the advice he gave his readers. His
fortune, he declares has been mainly in
herited and made by Truth, his gains on
the Stock exchange having been triiing.
Finally he asserts he will never refer to
Hess or his accusations again, no matter
what Hess may do. Hess now returns to
| the assault, reterating in opprobrious lam
guage his charge of swindling and chea ting
against Labouchere, and prophesies La
bouchere will be driven from public life
before this day next year. Although Hess
| Is known to be merely the cat's-paw of South
| African mlllonaires, who have promised to
| indemnify him to any amount in assaiIine
! Labouchere, still even Labouchere's friends
| admit whatever remaining chance he nav
| have had of becoming a political leader has
| been destroyed by his cynically audacious
| avowals as to his stock exchange past. II
| is rumored that when Parliament meets
| one of Rhodes champions will seize an early
opportunity Of challenging Labouchere on
| the subject in the House of Commons. La
bouchere is so intensely hated by the swells
| for his attacks on royalty and aristocracy
that all social forces will be employed to
hound him out of public life
WOLCoTT STILL WATTS.
Senator Wolcott declines to talk on the
positive assertion of the financial press here
| as to the absolute failure of his mission. He
| is still in communication with the leading
| hmetallsts, but the chancellor of the ex-
chequcr has not yet returned from the coun-
| try, and the final conference between the
commissioners and representatives Of the
British government will probably take place
| this week.
| The Statist, writing on the gold move
meEts, says today "From both points OF
view, the ability of the United States to
| take money from this country in payment
| for their produce and OF the market condi-
! tions, it appears certain that gold will be
sent. London will, however, have to bear
| only part Of the demand, in view of the
trcnch purchases OF American grain also. A
considerable amount OF gold is now held in
Paris, which will be available for shipmeLt
to the United States. AS yet American eX-
exchange docs not make gold shipments
profitable as an exchange operation, but ut
the same time there Is no loss. Conso
quently those who are anxious to obtain ad-
dit'onal money are beginning TO take cash
from Europe"
WHITNEY WILL NOT TALK.
William c.. Whitney arrived In London this
morning, having landed from the Lucania at
Liverpool last evening, l met him at the
Bristol hotel, Burlington Gardens, and
| handed him copies of cable dispatches re-
specting the mayoralty contest ecelved
while he was crossing the Atlantic. He read
them with evident interest and said; They
certainly indicate a high state of confusion
and excitement" Asked for his views Of
the situation, he answered: 81 am away for
rest, the first for about two years, and /
maintain as an inyariable rule on such oc-
casions not to be interviewed on matters at
home"
The mayoralty contest in New York is ex-
citing an unprecedented amount OF interest
here. For the first time the ordinary news
paper reader is beginning to gain dim COM
prehension OF the ramifcations OF New York
municipal politics. The comments of the
London press, It is needless to say. are
couched in that tone OF unctuous rectitude
to which they are prone in dealing with af-
fairs of all other people. There is univer-
! sal recognition, however. OF the tremendous
hxht being waged by the Citizens union in