New-York tribune., 1900-11-09
LONDON NEWS AND VIEWS.
RESULT OF THE ELECTION HERE POP
U1AR IN ENGLAND.

MERCHANTS FIND REASON FOR GRAFT
TIDE IN THE VICTORY FOR HONEST
MoNEY-LoRD SALISBURY TO
SPEAK AT THE GUILD
HALF. TONIGHT.
Icopyr.sht: 1900: By Ths New-TorK Trfbuns-l
tBY CABLE TO THE TRIBUNE.l
London. Nov. g. 6 a. m.-There was less e1-
citement yesterday IN the American corner Oh
the Stock Exchange than on the previous day.
Americans remained strong. and there was no
reaction from the higher prices. but the move
1neut was clearly speculative and to some ex-
tent artificial The effects Of President Nc
Kinley's reelection had been discounted in ad-
vance. and the bulk Of the buying was on Amer
lean account, and was designed to stifen prices
IN New-York The English press is still COM
nenting on the magnitude Of the Republican
victory. Much good feeling toward America is
displayed, and the result Of the election is evil
IDENTIFY popular in England. One or two journals
insist that the American people have been con-
verted to imperialism. but the majority OF the
leader writers say that there is no khaki en-
thusiasm in the United States. and that the
currency question and Industrial development
have been the controlling issues II there were
any Englishmen who hoping that the
force Of competition across the Atlantic might
be broken through the suspension Of existing
policies they have kept silent. Recent expert
ence has taught the mercantile classes here that
they have nothing TO gain from tariff changes In
America which involve general depression and
loss Of purchasing power. and that prosperity in
that great foreign market is more useful TO
them than anything else. They find substantial
reasons for gratitude in the result Of the cleo
ton because their own trade with America will
not be disturbed, but will probably be increased
Outcries against the protective policy no
longer heard in England. There Is a growing
feeling that direct taxation here has reached its
limit: that income taxpayers cannot be bled
further, and that tariff may become necessary
means of raising money for naval arma-
ments and for consolidating the Empire.
Lord Salisbury, having reorganiZed the Cab
inet. Will be prepared tonight to break his
silence at the Guildhall banquet and make his
earliest comments the British elections, the
Anglo-German alliance and European policy in
China He rarely prepares himself for impor
tant speeches, but generally creates the i'm
preston that he is quietly thinking aloud on the
spur Of the moment. The American Ambas-
sador VIII attend the banquet, and can hardly
avoid referring to the American elections
although he will probably be discreet enough to
lay stress on a victory won for honest finance.
Lord Salisbury's reference TO China is awaited
with anxiety. in consequence of a disturbing
report that the Russian Consul has informed his
associates that land opposite the British and
German settlements in Tien-Tsin has been an
nexed. This district is probably railway prop
erty. c2d the action of the Russian Consul is
considered here tentative rather than final.
1t IS hardly credible that Russia has adopted
the arbitrary course of annexing portion Of
Tfen-Tsin without consultation with the other
Powers.
Reference to the Canadian elections is pretty
general in to-day's newspapers. The result is
considered an overwhelming victory for the
personality of Sir Wilfrid Laur1er whose action
in giving Great Britain a preferential tariff
and in placing five thousand Canadians at Lord
Roberts's disposal has received widespread ap-
proval.
THE Mail" remarks that England has far
failed to make any return for Canadian loyalty
The st. Petersburg story Of quadruple agree
menr as a setoff TO the Anglo-German arrange
ment in China, is characterized fabrication
in Berlin It has not been commented upon
here.
Warned by the dsgraceful scenes which at
tended the return Of the City Imperial Eolun
teers, the military authorities are endeavorng
70 guard against a similar demonstration on
the occasion of the arrival of other British SOL
dfers in London from South Africa The War
Office has engaged a vast West End building.
known Olympia, a camping ground for
colonial troops. and instead Of marching through
the main streets of the metropolis they will be
detraIned at Kensington and moved without
delay into their proposed headquarters along
side the station.
General Butler will probably arrive tonight
in time to attend the Corporation banquet at
Southampton, and in any event he will have
the honors Of a military reception by the troops
Of a garrison town and receive the freedom OF
the city. He will have a most remarkable re-
ception at Aldershot and subsequently in Devon
shire The loyalty Of his personal friends and
the pride Of the military set. OF which he has
been a conspicuous ornament. will suffice to
bring about these results Military history Will
be written by experts more deliberately. and his
rightful share of the responsibilities for the
failure Of the early part of the campaign Justly
allotted when all the secret passages are known.
E II. Vanderfelts season at the Court The
stre opened last night with the old favor
ite. "As You Like It." before a crowded house.
T. N F.