New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-14
EUROPE FEARS NO WAR
STOCK QUOTATIONS. SHOW CONFIDENCE
IN THE CONTINUANCE OF PEACE.

TIE LONDON WATER PRoBLEX-rHB
QUEENS coMMEMoRArIoN - LON
Don ART AND MUSIC.
fBY CABLE TO THE rRrBUNE1
London. March 13.-Either the stockholders ~
not know what Is going on In Europe or the
dsnger OF a European war has parsed The stock
markets here and on the Continent are stronger
and show no signs Of uneasiness over the Issues
OF diplomacy. Nothing is settled respecting
Crete but the excitement is gradually subsiding
at Athens, and the conditions favor compro-
mise. Greece is now delaying negotiations by
supplementary reply and standing out on only
one point. namely. that the Cretans shall be al
lowed to decide their own fate by plebiscite.
An uitimatum from the Powers is predicted early
next week. but it is not likely to be the last word
The collective note was compromise. the three
cmperors having accepted reluctantly LORD Sails
tury's autonomy scheme. and he in turn having
acquesced in their proposals for a blockade
The compromise must now be readjusted to lt In
with the minimum claims Of the Greeks Time 10
required for these diplomatic manoeuvres
St. Jamess Hall last night witnessed an en-
thusiastic demonsti alton Of popular sympathy
with the Greeks: but Mr.. Herbert Gladstone who
moved the resolution. Is not his father. ana
Canon Gore while a good Lenten preacher IN
Westminster Abbey was not designed by nature
as the leader of political crusade. The Gov
errment were called upon not TO tolerate any set
tlement Of the Cretan question which woud
leave the island in any real subJection 70 the
Sultan but the Foreign Office Is known to nave
this as the objective point Of It's diplomacy. Tne
truth is that the Helenist sympathzers In Eng.
land have been marching more rapidly than the
Greeks themselves, who have halted and shown
siens of wayering: hence there is something IKE
a reaction against what Is called the party OF
agitation and meddesome activity In foreign
affairs The Liberals are taunted with Clad
stones own example In 1856 when he took an
active part in coercive measures against Greecs
and sanctioned blockade. The pal allel s not
perfect but the precedent is troublesome one
for the Liberals to answer Lord Salisbury.
moreover, has supplied his followers with USE
full phrase in escrbing the Powers as the
European trust. II means as little as
tinkling cymbal, for what have these trustees
done except to dishonor the moral obligation
of Christendom by leaving the Sultan at liberty
to massacre his subjects and BY serving the
Greeks with an arbitrary notice to quit Crete.
where they had rescued their own race from op.
preston? Still England is influenced by phrases,
and this one will serve the purpose until better
one can be found.
The Greeks would be less conciliatory II they
had a trustworthy ally, which apparently they
have not The three western Powers, by ACTING
together could break up the European concer!
and leave the Greeks in control OF Crete: bu'
Italy is not willing TO abandon the Triple Alliance.
nor France to fall out of line with Russia. Lord
Salisbury would not be ringing The changes on
the obligations of trustees If England had allies
in Western Europe ready TO stand with her.
The unexpected may happen-for instance, the
downfall of the French Ministry In the Cretan de-
bate next week some sudden explosion on
the Macedonian frontier; but all signs point to
a diplomatic u with an ultimate compromise
either with or without a blockade OF the
Piraeus. Meanwhile. civil war continues In the
island the Cretans being ferocious the
Mussulnans. The rescue OF the garrison at
Kandamos by a force of European marines has
reflected great credit upon the British Consul
General. Sir A. Biotti. who directed the in.
ternational movement. lie is Levantne Greek
wEo is unpopular in the island.
The Government expect to pass the Education
bill through committee by Thursday night, and
to a final reading before the end Of March. This
will clear the ground for the Employers Liabil-
ity bill. Last year progressive scheme for the
purchase OF the London water companies was
set aSlCe IN faNOr or an aDsurd government Dill
which was not seriously pressed this year The
same scheme is rejected after five hours debate.
and Royal Commission is appointed to report
on the whole subject. AS this is fhe seventh
Commission which has performed the same SER
vice, this is equivalent to postponng action in
definitely and allowing the water companies
long respite Mr. Chaplin was unwilling TO
undertake the framing Of bill for dealing with
the water question. and proposed this method
of dropping it, Viscount Cross who listened to
the debate from the peers gallery. probably ap.
preciated his discretion: seventeen years ago he
himself brought in water hill involving .
scheme of purchase for SlS.00000O and the
measure was one Of the chief causes OF the
Ministerial defeat before the country. pro-
gressve scheme with eight purchase bills would
have cost anywhere between Sj0.OO0.WO and
$1OONW.O00. What the ultimate expense Of
acquiring municipal control OF the London
water supply will be nobody ventures to con.
lecture. The Liberals will profit by the Gov.
ernment's failure to deal with the most impor-
tant question connected with the future Greater
London. Their political gain will be immediate
II last years water famine in the East End be
renewed this summer. because the Government
will be convicted OF indifference to and neglect
of the interests of the metropolis
II has become a Unionst habit To rail at the
of the London County Council as
body of machine politicians. eager to usurp au-
thorty and carry out impracticabe theories: they
can hardly he considered dangerous agtators
when the Moderates in the Council have power
to tie their hands. and Parliament can be de-
pended upon to keep strong brake upon the
political machine. In reality. the Conservative
leaders are opposed To further progress In the
direction of the unihcetion OF the London gov.
ernment, and the abolition Of vestry rule. They
assume with Mr. Chamberlain that London 10
too large to be governed efficiently by a single