The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-18
MONEY TIGHTENING DAILY.
BRITISH DEFEATS AFFkCTINc Eu-
ROPES FINANCIAL CENTERs.
English Prestige rallen Greatly
since Defeats Of Last week-Gcr-
many Wants Diherent TariR Ar
rangement with United states.

BERLIN, Dec, l7.--Gen. Buffers defeat
at the TugelA river has not affected Ger
man stocks. Nevertheless the money
strtngency Is growing daily. and private
discount has eQualed the official rate since
Thursday.
Financial circles are now expecting an
advance by the reichsbank any day. An-
parently the reichsbank II only awaiting
the action Of the Bank OF England. Ac-
cording to information from within the
bank, the advances In the rate may be-
come necessary at any moment, and the
money situation win grow tighter. In
consequence Of Gen. Buffers repulse Lon
don exchange II already above the gold
point. Only the tacit agreement OF the
great private banks not to embarraN the
reichsbank prevents large gold exports.
The gold movement from New York to
London, however. II expected to give tenn
porary relief,
Domestic industriais have remained firm
because Of the situation In the coal and
iron centers where Improvement Of busi-
ness continues.
The province Of Brandenburs will issue
a loan Of 100000 marks for the construc-
ton Of subsidiary railroads, and the city
Of Berlin will build an extensive system OF
underground railways
At a meeting OF the Cologne Manufac-
turers' Association yesterday Manager
Steller reported upon the recent Philadcl-
phia convention, greatly belittling its inn
portance. He advised against the ap-
pointment of an international committee
tween the United States and Germany.
ana said: "such tender consideration for
the Americans Ii misplaced Only self
asseftive attitude on the part OF the Ger.
man nation can impress American public
opinion. We must make the Americans
realize that we can dispense with them "a
necessary, and we must demand that Ger
many must be treated upon footing Of
decent, reasonable reciprocity" $50
The Hamburger Borsenhaile advises con-
cliatory measures. advocating reduction
in the duty on maize and a less severe in
.spection Of American commodities. 1t
claims, however, that the American treat
ment Of Germany in tariff administration
IL unfair.
A distinguished member OF the diplomat
ic corps. In the course OF q discussion to-
day regarding Gen. Buffers reverse. said:
ut means morally far more for Great
Britain than the mere loss of a battle.
Her prestige after the defeats Of last
week, has fallen enormously on the conti
nent, and II will be many years before
she viii again venture to assume tone
against great power such as she took In
the Fashoda affair.""
In view OF the fact that the highest court
has decided against the Berlin city gov
eminent regarding the inscription for the
monument to those who fell in the revolu-
ton Of 1S4s. Emperor William will con-
firm the election az burgomaster of Herr
Klrschner. who has been waiting a year
and half
BERLIN. Dec. 1s.--Most OF the Berlin pa
pers, as well as those throughout the coun-
try, comment upon Gen. Buffers defeat in
a serious and dignihed tone, although with
considerable undercurrent Of satisfaction
at Ehgl6nd's humiliation all round. 1t Is
admitted that Great Britain Is now fighting
to save her South African possessions. The
general belief is that Sir Redvers Butler
acted prematureIy and under pressure
from the home government. The Of
ficial papers take q rather gloomy view,
as II apprehensive Of awkward complica-
lions.
The Kreuz zeitung says: Great Brit
aims decadence 10 now apparent to the
whole world
The voerwaerts hopes the war will re-
suit in the establishment Of the United
States of Africa, on a republican basis. but
II is also convinced that such an outcome
would not affect Great Britain's position
as a great power.
The military papers severely criticise
British tactics.