New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-12
THE KAIsER's VICTORY.
HOW HE HAS CARED FOR THE GERMAN
BoNDHoLDER's INTERESTS.
PROGRESS OF THE PEACE NEGorrArIoNs--THn
SITUATION ON THE INDIAN FRoNTrER-EN0-
LANDS NILE PoLIcY-wATcHING FOR AN
ARcHIsTs WHO ARE MOVING THIS WAY
THE CONDITIONS OF THE MARKET
TRADES uNIoNIsM AND THE
ENGINEERS STRIKE
lBy CABLE TO THE TRIRrNE.I

Is the keenest sportsman In European politics
has again filled his bag with small game He
has succeeded in forcing Lord Salisbury to
MODIFY his proposals fer European control OF
Greek finances so as to secure the German bond
holder. The negotiations for peace are drag
ging and Lord Salisbury is still likely TO carry
his main point whon~is the immediate evacua-
tion OF Thessaly under European guaranty for
the payment OF the war indemnity but the
German Emperor again has the Satisfaction
OF having intervened with success and COM
PEELED England to allow him to revise the anan-
cal proposals 1t is not a great victory, but Il
enables him to set out for Hungary to-day for
his hunting excursion with the Emperor Of Aus
tria after the military man0uvres with con-
scious pride In his ability 10 make his will ielt
In European diplomacy, and incidentally to irri-
tate England with 'what is considered IN un-
necessary display OF meddlesome activity.
English opinion. however, is never impartial
in It's judgments upon the German Emperor's
policy. What he has done is to insist that the
old debt incurred by Greece under the pIedge
that certain revenues should be reserved ior its
payment should be included In the new settle
ment for the indemnity loan. Greece had re-
pudiated that debt. which was mainly held by
German creditors. and the Emperor has been
resolute in supporting their claims as a prior
Of the revenue is pledged for the service of the
new indemnity loan. He has contended not with
out force, that Greece must provide for the re-
dcmpion of former pledges before getting money
on new pledges for the payment Of the war In
demnity. English critics with fine cynicism de-
pict the Emperor as shylock crying aloud for
his pound Of flesh. but the German bondholder
only shares the infrmity Of the English bond
holder. He wants his money and does not enjoy
Deing cheated. He takes advantage Of the
necessities OF bankrupt State. with the enemy
III possession Of the best part Of its territory,
precisely as the English bondholder would do in
similar circumstances. Lord Salisbury has been
forced to recognize the validity OF the German
claims 1t now remains to be seen whether ne
can bring about the Turkish evacuation of Thes-
sally without fresh opposition from Germany on
minor points, and also secure the administrative
reforms for Crete to which Europe is fully
pledged.
The German Emperor. meanwhile after part.
Ing anectionately with one good ally King Hum
bert Is rushing into the embrace of another
Francis Joseph. The gloomy old chateau OF
Maria Theresa in Budapest has been repalnted.
swept and garnished for the reception Of the
German Emperor his first visit to that pic
turesque city. There will be brilliant fetes this
week after the cavalry manRuvres are ended,
and with pomp and pageantry the alliance be-
tween the empires will be celebrated anew
The rejocings in Paris and ST Petersburg
over the Dual Alliance naturally produce coun-
ter demonstrations of cordiality and enthusi.
asm for the Triple Alliance. France and Russia
can well afford to regard the scenes at HON.
burg and Budapest with equanimity and in
difference. Those great States were formerly
isolated and are now strengthened by the Dual
Alliance, and signs are not lacking to indicate
that the Triple Alliance is not solid as II was
for the Emperor of Austria is suspected Of hay-
Ing reached a private understanding with the
Car and Italy Is secretly desiring a compact
OF some kind with France for commercial and
other reasons. European peace based upon the
balance OF power created by two essentially
hostile alliances is an artificial diplomatic fam
Iasy
England, meanwhile, with the distinction OF
being the only great Power without any en-
tangling alliance. is graphing with the burdens
of her worldwide empire There has been no
decisive change on the Indian frontier The
northern column is advancing steadily into the
Swat region, and the southern column is slowly
preparing for a long, laborious march These
operations, while certain to be ultimately Sue
cessful will be unusually costly owing to the
large force modified. The scientific frontier
over which Beaconsfed goated, represents MILL
Ions of treasure expended in campaigns, puni-
tive expeditions, and the work of pacfying the
Hill tribes is never ended.
The Nile operations proceeding with a
degree OF success which is embarrassing to
the Government, who are bent upon having
convenient pretexts for prolonging the occupa-
tion OF Egypt The evacuation OF Berber by the
Khalifa's dervishes leaves the road to Khar.
toum open with friendly Arab tribes in readi.
ess to lead the way. Sir Herbert Kitchener can
hardly find excuse for stopping midway and
delaying the advance until another year Nor js
1t probable that there can be a long pause at
Khartoum for reflection. As Mr. Bafour nre-
dicted. the French are approaching the White
Nile from two directions, and the Abyssinians
are threatening an advance from another quar-
ter: and it is probable that the Khalifa. whose
power is evidently completely shattered, will bs
followed from Khartoum into Kordofan and that
the sovereignty OF Egypt over the equatorial en-
pire will be ultimately regained. Mr.. Gladstone
II he lives few years. seems destined to witness
a complete reversal Of his Nile policy, but the
pledges which he made for the evacuation of
Egypt still stand. and Lord Salisbury. CON-
fronted by French and Russian demands for
their redemption. is forced to offer excuses for
inaction.
The American Embassy is now one OF the
quietest corners in stagnant London. Mr. Henry
White remains on guard to receive calls from re-
turning tourists and official visits from more dis.
tinguished visitors. like Assistant Secretary
Adee.
The circular Of the State Department respect
ing Anarchists preparing to descend upon the
shores OF America has excited little comment
here. II can be made effective so far as England
is concerned. Scotland Yard keeps vigllant
watch over Anarchists arriving from the Cont.
nent, although 1t does not harass them In any