New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-09
ENGLAND SEEMS FRIENDLY
~,,r FIFTY MILLION BILL REGARDED AS
A PEACE MEASURE.
SIGNIFICANT UTTERANcEs OF LEADING NEWS
pAPERs-INTEREsTlNG QUESTION As lo
c>oAIIXG wARsHIPs IN NEUTRAL
PoRrs-TONE or THE LON
DON STOCK MARKET.
lRr CABLE TO TIE rRIpuNE. J

lBY CABLE TO TIE rRIpuNE.l
London March S--The stock market to-day
49,. heen less feverish than yesterday. without
Nv deci6ed return Of confidence in the Ameri-
.r list The situation IN America was re-
rsrsed in the Street as more pacific since the
.uhdrawal Of the demand for the recall OF
General Lee removed the most alarming menace
of war National defence bills are always con-
ssered in England as peace measures ana ms
,s the Interpretation placed here on the vote Vi
= credit Of S5OOOOOo0 There IS little com
roAnt in the press the prospects or war; ou'
ubat there is of it is friendly to America TIE
Times" and The Manchester Guardian COM
nunoenting President Mckinley highly for MS
Nrmness and circumspect.on, and Inc Daliy
Sews" protesting vehemently against any re-
v,val Of the detestable doctrine that America
d,fHculty is Brtain's opportunity
The rumored purchase BY Spain OF SIX war
.b,ns now in English and French dockyards is
repeated to-day with a series OF dehlais iIoi' oil
,ha legations interested. 1t is probable that
tho refusal Of these vessels has been op'dlheu
r,t tina, there is still some uncertainty respect
d., their delivery Only two OF them can pc
.aav for sea within a month. and the COmpie-
,,or ~ the remaining four will require hom
,hraa 70 nine months. The purchase OF '"ese
vessels II effected will indicate whether 'he
S,anlsh Government considers war likely 10 &C
cur within two or within nine months' loI Ho
shin that Is finished after the outbreak ol nus
tuities can be delivered by any neutrai cou"t.
.The Manchester Guardian" lntimates th"' WI
Goschen may announce the purchase Oh
Of these ships for England Inc SPANS" Wv
ernment undoubtedly has money a'al'ao'e Al
London for buying war vessels Il she o". s. s.
,hem United States naval agents VIII Illiu ''"
v,srships In the European market lor cary u0
livery unless the Spanish options are e"'H up'
The text Of the Neutrality ACT pdoseu "
Parliament in 1890 as sequel 10 the Al"O"''N
arbitration provides explicitly 1or any ei"e
,,a,,o,, which NAV arise If either Spain or the
United States buys unfinished ships ""e
,,,.ar, sr,nine and fitting out OF such vessels
o. at,ar ,he outbreak Of hostilities is pro-
tib,ted and they will be forfeited to the brl'iS"
~-,.or,roent The sale OF arms. ammunition
- o,ber military stores TO a bel1geren' - H''
,robibited but they must not go out OF Poi
T., nv uarshin. hence Il viii be pracucaple lo'
CIV - receive after the outbreak OF hos'i''-
A.. o,,ns and other war material cohuspaiu
~ war which may be ordered In time ol pa
and II is probable that portion OF 'lie iu'iU M
rov available in London for Spanish use Will
he exnended in contra is Of this KIND
rha inonortant question now discusseo oy
naval and diplomatic officers relates 10 ,ie oo"
supply Of the belligerents from neu'i a. p 80,
During the war Of 1870 large quantities o. '0a'
ere exported from England TO France. al
,,oueh Bismarck protested against 1t II 'he
80. nract;ce were repeated, English coaI
could be shipped TO Havana for the use 'l 'ne
e,arisb feet in time Of war Moreover, Whhe
a, wou)d be a breach of neutrality to convert
nassau Kingston or other British west lnolan
ports into regular coaling stations 1or 'he
spanish fleet the opinion Of some experts mere
,s that any belliserent ship entering neuuA
waters can obtain sufficient coal 10 carr! he'
- the nearest harbor under her own nag
Coal is as essential as powder OF guns to naVdi
warfare but the neutrality practice respecting
:, has not been settled even BY the Geneva
owar5 Havana is now mainly supplied Win
coal from England for naval use, but no uh-
usual contracts have Yet been made ior sto'-
ing great quantity of it there with We"
TO the possible outbreak Of hostihties
J. n. r.