New-York tribune., 1900-07-06
FLNANCLERS TAKE FRIGHT
FALL N SECURITIES CAUSED BY THE
THREATENING EASTERN CRISIS
Ic1uy-igh-; 1900: By The New-York Tribune

lcou7rgar: 1900: By The New-York TribuneI
-BT CABLE TO TIE -RIsUSEI
London July s. l g m.-A severe decline in
..1so-s and securities OF all kinds is an ,ndi-
cation that the financial world is depressed bv
The alarming news from China. Berlin Is more
deeply Interested than London in Chinese bonds.
which have fallen heavily as evidence has been
supplied that the empire does not now possess
anything that can be described as a responsible
Government But apart from these securities
ths-e Is general depression, with rumors that
another large war loan viii be required for ex-
JsnsiTe military operations IN the Far East
and that the relations Of the European Powers
are likely 70 be cIouded by 3eaIousies and rival
res when q serious attempt is made 10 arrange
the terms for the occupation Of Peking F4nan-
cers are practical men. who are not misIed by
transtory sentiment and public Indignation over
"hat appears the inevitable catastrophe al
Psk-ng. They share the general conviction OF
official and diplomatic circles that the legations
have pe-ished. and that the march 10 Peking
when rstrf0rcemenrs allow II to be undertaken
Vll not be g relief expedition. but an errand Of
forces INTO hostile camps.
There was general feeling in official circles
taar s-r Robert Hart. with his long experience
and immense influence could save the legations
ron massacre # anybody could do It, but that
MS Departing messages indicated utter help
lesszess
Mr. Brodrick's explanations in the House OF
Commons yesterday brought out two points
Hrst thar the British Government had sent.
through the Chinese Minister, warning that
the authorities al Peking would be held per-
sona-ly responsible for the safety OF the lega-
cons. and, secondly. that Japan had been asked
10 undertake the restoration OF order in North
err China ard had not made definite reply.
thoughtful men while awaiting in utter hope
-@ssness authentic account OF the massacre
q The foreigners, are attempting 10 forecast the
uend Of future events. They consider march
q The allied forces 70 Pekng q foregone con-
elsion. but are unable 70 perceive what meas
-fes q reparation and vengeance can be ade-
elate for 50 nonstroUs a crime as the butchery
q al The legations and the refugees who were
Protected by Them. nor what safeguards can be
Obtained for the protection Of foreign interests
Il the future The conquest Of Northern China
and the permanent occupation OF Peking and
otner centres q population are the only practical
measures for securing the protection Of foreign
sfk. and the partition Of the empire is the natu-
"a and almost inevitable sequel TO IL This is
tae real problem with which Europe will be
e-Afronted when the immediate necessity for
ielle1 column has been removed by the definite
news q awful catastrophe, which is gener-
9Ay expected. Whether Russia has agreed 10
cooperate with Japan has vetoed the man
tate which England is favoring divisions among
'Ae Powers are likely 70 arise as soon as any
scheme for the occupation OF Peking is ar
lsnged The European Powers having deprived
sSpan Of the spoils OF war by their own in
Iaeues after her campaign in the Far East are
Hot likely 10 arm her with the resources Of ven
kssnce- L N. r.