The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-22

has been fostered by the financial papers.
For weeks they have been declaring that
the phenomenal advances were artificial and
could not possibly be maintained, speaking
of the boom sarcaStically in such terms
as the American mania The result has
Deen that many professionals nave been
caught on the bear side. selling Americans
for a fall which failed TO materialize. They
found that the heavy selling OF the Vene-
zuelan and free silver" periods had not left
enough stocks here to meet their orders.
and they were forced to buy in America at
advanced prices. Still, the Stock Exchange
mere adheres 10 the opinion thar the boom
Will be Cyerdone, that the cbb will set in in
the natural course of events, and that il
cannot be far distant.
The Statist in a somewhat alarmist tone,
points out that the unprecedented amount
of American capital employed in Europe.
Slee0OO or $l5, 100000 chiefly in London and
Berlin, may be withdrawn at its owners
pleasure. and that possibly American specu-
lation viii become so rampant that the own
ers viii recall their money and invest it
there. The paper fears serious shipments
rope. %~*
Great Britain presents a vivid contrast
between the potency of civic and military
fame. To put it badly, Gladstone dead is
quoted at e2O,GOO in the memorial market,
while Kitchener alive easily commands
9120,0OO. The promoters of the Gladstone
memorial, who expected to secure 100000
to establish libraries in the principal cities,
depressed at the results of the appeals to
the people. After several months these ap-
peals have only resulted in collecting one
tenth of the sum desired. But in the case
of Kitchener. who dazzled the empire with
the laures of day spent in moving down
thousands of savages by the perfection of
military discipline and machinery, the Brit
ish climb over one another IN their eager
ness to pour money into the college for
Blacks" otherwise the Gordon Memorial
College at Khartum, to educate a people
they have never seen in a county they have
never cared for, as q tribute TO the con-
querOr. The Gladstone fund, however, will
be made up by wealthy men, who will glad
ly give their money. but who are grievously
chagrined at the lulxewarmness of the peo-
pie who called him leader and whom they
expected to contribute spontaneously
When the conservative churchmen who
persisted in shutting their eyes to the theo-
logical controversies read the headlines in
the Times and Spectator, "Crisis in the
Church of England" they were compelled
to recognize that the agitation against the
mass and confessional started by Konsit
and carried OF by Harcourt, had come to
pass demanding settlement. The bishops,
being finally driven to grapple with the
problem, met at Lambeth palace this week
and discussed the policy of issuing a mani
festo. While the deepest secrecy surrounds
one or the bitteIeSt conclaveS in the history
OF the church, as it certainly was one of the
most important and that it has resulted in
an agreement to present bill to Parliament
Tor revival of the church courts. 1t pro-
Nldes that disputes must first be brought
before the diocesan court, consisting of the
bishop assisted by a theological and legal
adviser. An appeal therefrom will be pos
slble to the provincial court, consisting Of
the archbishop and six assessors, and as
last resort to five lay judges appointed by
Mr.. Joseph H. Choate, the new ambassa-
dor of the United States to the court of st.
James, will be warmly received in London.
Already the American Society is arranging
for banquet in his honor. to give an oppor-
tunity to the American colonists to meet
the ambassador face to face. There will
be a bombardment of requests for after
dinner speeches as soon as he is installed.
HOusehOlderS here, regarding the American
ambassador necessarily as a gold mine, are
sending to the embassy numerous offers al
twice the rentals they would have the te-
merity to ask of Englshmen.
Henry White. the American charge daft
flares, gave dinner this evening at the
Princess restaurant in honor of Associate
Justice David j. Brewer, of the Supreme
Court of the United States, who is now in
London on his way to Paris to attend a
meeting of the Venezuelan boundary COM
mission. and Mr.. Mallet, provost secretary
of the commission. The guests were the Earl
of Halsbury the lord high chancellor; Sir
Richard Webster attorney general; Sir
Robert Findlay solicitor general; Baron
Russell lord chief justice of England:
Right Hon. Sir Richard II. Collins. one of
the arbitrators the boundary question,
and G. w. Buchanan. who was appointed
British agent to the Venezuelan arbitration
tribunal in 1898.