New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-07
THE NEWS OF TWO CAPITALS.
LONDON.
PARLIAMENT DISCUSSING CHINESE SIT
UATION-HOOLEY STILL DIVERTS
THE PUBLIC.
YIBERALs DROPPING HOME RULE-ILI--
FOUNDED FIC1ToNs ABOUT THE ROYAL
FAMILY-BIsMARCK's MEMOIRS.
lpY CABLE TO THE TRIBUNE.l

FOUNDED FICTTONS ABOUT THE ROYAL
FAMILY-BIsMARCKs MEMOIRS.
[BY CABLE TO TRIBUNEl
,ondon. Aug. 6-There has been considerable
Nscussion in Parliament over the new situation
:, china. similar to that which arose when Rus
,a vetoed the loan from the British Government.
r,r,s +i,,e the complications are caused by the
.or,rocr for the loan which the Hong Kong and
chorqhsi Bank wishes to make to the Chinese
c,o,or,r,ent for a railway between Tien-Tsin
ord New-Chwang. both treaty ports. The Rus
s,on Minister has been objecting strenuously
,or civ weeks and Lord Salisbury has explained
g., Parliament that England has offered China
Guarantee AGAINST Russia 1t seems entirely
clear that Russia IS interfering with British
tights secured by the Treaty Of Tien-Tsin. The
oh,,,o,e criticism upon Lord Salisbury's method
&c tbat the Offer Of a guarantee TO Peking, which
china does not Ike to accept. is a less direct
remedy than determined remonstrance
through the British Ambassador at St Peters
burg would be- The wires between London and
81. Petersburg may. however. have been hotter
than Lord Salisburys critics suppose.
The report on the supply will be completed
on Monday. and Parliament will he prorogued
al the end Of the week. The session. devoted
mainly to Ireland, ends with a harmless bit OF
horscpiay in the House Of Lords over the Vac
c!nation bill. \ strange spectacle has been wit
messed in the final passage Of the so-called
revolutionary Local Government bill. with a
small group of lstless Unonists and National
lists in the Commons, and only one in the
front Opposition bench. The Liberals now make
no secret Of their desire TO escape from Irish
Home Rule engagements; it is rumored that at
least three Radicals would repeat Mr.. Doughty's
successful experiment at Grimsby If the session
were longer. The LaUnCoston election. following
the Grimsby defeat. seems to prove that the
Liberals gain ground when Home Rule is kept
in the background. and that they lose when it
is a prominent issue Gladstone is now asleep
in Westminster Abbey. and Home Rule
longer holds the field
The real barrier against the opening OF the
silly season is not the negotiation of peace
terms nor Russian intrigue. nor stagnant poll
tics but Hooley; he testifies once week, and
then for seven days there are denials. disclaim
ers and explanations from Peers of the realm
and leaders of fashion His last recital
rounded out with penny dreadful story Of at
tempted bribery and subornation OF perjury
s0y man in q cab. which seemed to discredt
this testimony as highly imaginative; hut THE
Daily Chronicle" has found the cabman and
corroborated Hooley's statement. The legal
processes by which this bankrupt promoter is
allowed 10 make the most serious charges
against well-knOwn men without their having
any real resource for self-defence except writ
ing letters to newspapers are hardly TO be
derstood. One duke has resigned his director
hip. two earls have offered 10 turn over the
gratuties received from Hooley to the Regis
trar. and another eaU IS seriously Ill; but the
shareholders who have been dGzzed by the
great names and lost their money do not APP
pear 10 have any real redress under the Eng
iish law.
Hooley himself was undoubtedly duped by
greedy agents and traffickers in fashionable ac-
quaintance, who pretended TO distribute plum
der from stock-promoting. but in reality kept
It themselves. Whatever happens to HOoley
and his earls as the outcome Of this Panama OF
smart London. there will be no end Of moral
izing Already journals like Vanity Fair" treat
Hooleyism as OF the many signs Of social
deterioration. and explain how common 1t is for
smart people TO receive commissions for
chaperoning girls IN circles above their station,
or for introducing DObodies into exclusive sets,
or FOR arranging marriages between heiresses
and sons Of Peers. HOOley may become the
Luther Of a social Reformation If he persists in
mailing his theses TO the doors Of the Bank
ruptcy Court.
Nj Chamherains speech on West Indian
grants was lucid. but nsincere. He can hardly
have faith in the efficacy Of policy OF minor
doles and steamship subsidies. when the revival
OF the sugar industry Is the thing needed.
lie expressed regret that the Anti bounty Con-
ference al Brussels had failed. yet Immediately
proved that If II had succeeded the colonies
would have been Injured. since they would have
lost the preference which they now enjoy In the
American market as producers Of sugar with
out bounties. The British Empire League has
promptly approved his West Indian steamship
policy based on Government subsidies. APP
parently there IS no hope under English Free
Trade for the unhappy colonies except in I'M
perial charity and the cheapening of all things
heedtul Has not Dr. Lilienhed at Vienna in
vented from coal tar and waste products an
artificial food equal 10 meat and eggs and al
most as cheap as air? And is not Sir Walter
Besant proving this week TO his own satsfac-
ton that copyright books be sold for s1-
pence and authors be enriched by their royal
ties from them?
Sir Charles Dnke's assertion that Americans
have beaten England in steei production ana
are running her close race in the iron rade
IS borne out by the increasing imports Of steel
and iron from the United States. A consign-
ment Of 10000 tons OF American pig iron is ex-
pected in a few weeks at Gainsborough' via
Hamburg and Humber ports. The Middies-
borough product has been beaten In coinpetl-
tion
Sporting papers which are not conspicuous
lot breadth Of view describe Sir Thomas Upton
with nne irony as Il tea merchant. ana intimate
'ha' the Royal Ulster Yacht club mas started
on wrong tack. since the Yacht Racing AS
.Sociaton cannot arrange contest for the
Americas Cup, and the New-York Yacht Ciup
cannot accept the challenge until the boat Is
built The prospect Of the renewal Of the in
teinational contests Ia welcomed by all genuine