New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-29
wHATLONDON TALKS ABOUT.

,-xySc mack THEIR STOCKS-The attitude
-, rr,,,sh investors toward American business un-
aerwent notable change during the last week
~. mind OF the British public Is always slow to
-, chanres md people here only just be-
,s.,rs 70 realize what nnanciers and politicians
sys Tor months considered the most important fact
- IN. year-the tremendous commercial advance
-, =, the United States Ever since the Nenez-
.,on affair the only idea OF British holders OF
...,.or securities has been 10 sell whenever they
ia do SO with any profit. or without too great
,o.s In the beginning Of the present upward rush
:, American stocks. both spectators and conserva-
,,ve holders OF transatlantic securities were eager
,eke advantage Of the opportunity 10 unload, the
80 selling for profit in view Of the crash in the
.u.-ret which was deemed inevitable; the latter TO
GO, rid OF what they regarded as unsafe properly
,,ch they had been long holding. Both British
"a American hnanciers who talked with repre-
tentative Of the Associated Press on the subject
srree that the pendulum has now begun to swing
g., the other direction. Investors. seeing that the
anticipated disasters do not materal.1e. and that
,he United States is apparently In for PERIOD OF
great prosperity. coming 10 the conclusion tha'
they were overhasty in unloading thef America"
ho,aings They are retracng their steps. and are
Giving orders 10 their brokers 10 reouN the STOCKS
,hev discarded with feeling Of JOY al settihe no
o, deadwood. though The newspapers are sun
c-oakng dismaly over the panic when wall S"ee'
q destined TO witness IN the near future accoro-
-, "a au their prophecies Business men VINO nave
liked agree that far as al ne lihts % s. -.
mate I1uSc! a. 70 he optirnistic Alfred Charles
has R sEg's a. Of = NJ kohschd sons spokSe
SSr.,hrsiasf.oay OF the American outlook: ne salo'
There seems 10 De 20 1 30 ms Amcriean invest
niser ned discriminate between what Is good ana
wns1 ~ l seem 10 combine 10 place the country
or an unusually sound basis when cdai!o' la'' ~
AS U1@ Of The most prominent bankers remarked
The United states il rather too enjeTpfbin n9 iG or
beieye that the statistics Of American exports ca"
be u isue comment seems 10 represent the y:sw Of
o,5ers "T'he statist" Is not sure ne fgufes o.
American 6d,Iease IN imports il argues hs Inc
MGR tariff Is compelling the poorer case ,y c'
Spr,ng the years 81 depression. coniTacieQ ae3ls
vhcb they are eeter'nea 20 pay 2eagte 'ne' d.
10" Own s9ecta.or sermonizes on the effect OF the
speculative boom on the National character ana
Ten per cent Of the whole Popuson1 are having wing
as care much when trey are ruined they are en-
joyng themselves mish IN. ,,e nrinctpal Eject o.
sucb hocIns Is 20 Increase National sansuineness'
Hooh n ,vp,oal American ever fears any result O
"vn actions. bu; there are few typical Ameri-
cans without some look OF care.
pooN N "KAFFIRs "-England has been en-
,oy,nr n little boom Of her own in South African
mining enterprises. 10 which an impetus mas oeeh
given by the presence here OF Cecl hhooes '"e
South African magnate. This. however attracted
ANAL attention N me newspapers az NO'-
with the more sensational business across the Al
lantc 1870
NJ Rhodes's agent DR. Rutherford Harris says
the Cabinet has promised imperial guarantee oi
.he Cape-to-Cairo railroad from Buuwayo 10 the
Zarhesi River distance OF 81 miles. ana Wheh
tha: section IS completed the Government WI prop
ably guarantee The road 20 Lane Taneanyika.
there Is an interesting story % Nj Rhodess ser
vices IN connection with the Soulan am .d' -
which incidentally played an important part IN IN
the Cabinet IN us "a OF IH' bN'N4-',
ment Il appears could not buy me eng l IS, anu am
RAN peY rarasd WhR has an unusual gauge and
when Nj Rhodes heard - his Pc sacrih,ed ne
equipment bought foT tie BT s e'rfTg 9E0 10
be finished nearly a year sooner tnan WoDiH nave
been possible 4 ne had not come 20 the rescue
THE CONGO OUTBREAK.-The Rev. Nj Wer-
ner OF the American Presbyterian Congo Mission
who Ia. Just arrived in England on his way to
America after four years residence al Luebo, IN
the Kassai District, said:
The present nutiny is probably the last des-
perate attempt 10 throw on the white mans con-
troll. Il Is also the most serious outbreak, on &C
count OF the naccessibiLy OF the region. When It
is remembered that Baron Dhans. the Belgian COM
rnander. Is three hundred miles from his base Of
supplies with only a handful o. whites. # Is small
wonder that 50 many Europeans have already been
sacrificed. and (, Will occasion no surprise II fur
ther disasters await the Beigians Nothing but
According TO my latest information, baron ron
Dhanis is practically surrounded by nutlnous
natives and II is reported that panic reigns
throughout the Congo territory. However THIS
M Werner admitted that there had been some
isoeea cSss . OF sSG But he EXPLAINED the ad-
nlnistraton as whole is well-intenuoned ana I'M
Most o. tn. reports Of mal-administration and
barbarity." he added. are either untrue or gfeatiE
for The central authorities 10 control the action Of
officers IN remote regions. and much trouble might
IA Oh ~ native customs eno
superstitions'
FRANCE AND GREAT BRITAIN.-France as
The incendlary factor IN European politics. has sud
denly subsidized The diplomats IN London and
Paris are comforting daily. which. IN connection
with the hints OF the Home Secretary, Sir Matthew
White Ridley IN his speech az the Cnionist demon
stration az Blackpoo on January 6. gives color 70
the story that a great treaty is being made. by
which all the disputes between Great Britain and
France will be settled One report whicn h mo
scouies~e in the transfer 70 France OF the Congo
Free State az compensation FOR her demands IN
to piscate her for he conquest OF the soudan.
Whatever may be the reason, the tone Of the
French ana Prsss tSwsq Ges Ia. FTe5d
paper published az Cairo 10 attack British rule has
ceased doing so. and IL Is supposed mat We Trehcn
Government subsidy has been withdrawn from II.
RESIGNED TO REVIsION.-The French people
appear almost worn gu, by the Dreyfus agitation
anc there signs that the majority OF them nave
resigned themselves 20 accept retrial which
be the only possible outcome OF the Cour'
o. Cessation's proceedings
TRADES T-NIONs-The trades unions have re-
piled 70 the challenge OF the employers In formine
league for protection against strikes by meet
Ing a. Manchester OF the representatives OF many
branches o. labor. who organized a Central Fedora
ton almost on the lines OF the Employers League
II the plan proves successful and all the grea'
unions ens, IN A. Great Britain may yet witness &
gigantic war Of capital against labor. IN which the
organized employees will confront the organize
vorkmen. There strong opposition 70 th'
plan from The labor leaders who believed In main
tanning autonomy OF the unions. But me cen
ralzaton scheme mustered large majority. !
Is estin ated that this consolidated union starts
Wit memhershlp Of coo 900 and annual revenue