The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-05

Financial.


NEW YORK, May 1.-The Evening
Posts London financial cab'esram says:
The stock markets here we're quiet and
dun today, the stagnation beng increased
exchange. Americans were ifeies.. but
closed at the best buying orders from New
York for st. Paul and Louisville & Nash
vile. Spanish fours were nat, and this.
with the fact that tomorrow will be set
ting day in Paris, caused a general dull
ness on the Paris bourse.
Bar gold is in strong demand for New
yen was bought for New York today war
risks In stocks ad Lloyds today include
small premiums on the possibility Of war
complications between France and the
Great Britain. No significance is attached
TO fhe matter, but business Of that char
acter has actually been done.
LONDON; Mar A-CensoIs. III Gig: sill,
Trunk. 81: bar silver. quiet. Sad per
ounce; money. per cent.
BreadstuRs.
LIVERPOOL, May l-California wheat,
4as cd: cargoes Of Walla Walla wheat. as:
cargoes on coast. more inquiry, cargoes
pool wheat. Nc. ] California. 10 "a: wheat.
in Paris. nat; flour. In Paris. excited
Closing: wheat-Spot. firm; No. red
northern spring. 1oa
corn--spot, nrm: American mixed. new.
Spanish Fours.
PARIS. May 4-spanish foura closed at
MADRID. May 4.-spanish 4s closed to-
day at O.co. Gold was quoted at IL.
-
what II International IsolntiOns
Hon. Richard Olney. In the May Atlantic.
What Is meant by the phrase ''lnterna-
ttonal ISOLATION as thus used Is this says
Hon. Richard Oiney In the May Atlantic
The United States Is certainly now en-
titled 10 rank among the great powers of
the world. Yet. while Its place among the
nations Is assured. 1t pnrposeiy takes its
stand outside the European family circle
TO which X belongs, and neither accepts
the responsibilities of its place nor secures
It's advantages. II avowedly restricts its
activities to the American continents and
Intentionally assumes an attitude Of abso-
late aloofneSs 10 everything outside those
continents. This rule OF policy Is not in
frequently associated with another which
IS. known as the Monroe doctrine-as II
the former grew on; OF the Monroe doc
frins or were, in sense, a kind of con.
slderatsoa for that doctrine. or a sort OF
complement 30 IL. In reality the rule Of
ssola ton originated ana was applied many
years before the Monroe doctrine was pro-
claimed. No doubt consistency requires
that the conduct toward America which
America expects of Europe should be ~
America observed toward Europe. Nor is
there any more doubt that such reciprocal
conduct Is required Of us, not Only by
consistency. but by both principle and ex-
pediency. The vital feature OF the Monroe
doctrine Is that no European power shall
forcibly possess itself of American soil
and forciely control the Political fortunes
and desiinles OF Its people. Assired.y
America can have no difficulty in govern
ina its behavior toward Europe on the
same lines.
Tradition and precedent are a potent
farce in the new word as veil as In the
Old. and dominate the counSeis OF mod
ern .aemocrac:es as well as those OF ancient
nsonarchies The n e Of international iso-
,a,icn Cor America was formulated by
Washington, was erbalmed in the earnest
and so.emn periods Of the farewell ad-
dress and has corne down 10 succeeding
generations with ali the immense prestige
attaching TO the .ntunetions OF the Father
OF his Country.