New-York tribune., 1901-11-17
THENEWSOFTWO CAPITALS
Continued from first page.

other is the freezing out Of Sir Michael HICKS
Beach from the Cabinet Each process is dello-
crate for Lord Rosebery has deferred his POM
ical delverance for month, and the Chanoei-
ior O. the Exchequer IS answering the letters OF
correspondents respecting the sugar ana cod
duties as though he expected TO remain at liie
Treasury for an indefinite period whether
Lord Rosebery has been chilled afresh Dy
the iceberg breath of Sir William Vernon bar
courts letters TO The Times is uncertain put
1t is safe TO forecast that root and branch re-
form OF the administrative service Will De lhe
supreme issue.
The Shrewsbury speech of Sir Michael aicAS
Beach IS credited by men IN the inner ciiNie
of politics with having frightened his colleagues
by the revelation of financial proposals. so 'ha'
every one except Lord Londonderry gave MN
the cold shoulder. Whether he suggested load
ing I'D American millionaires with anywhere
from f25 100000 TO f40,o00.0Oo in consols' or
sweating the income tax payers with large
" increased rate. is mystery. Certainly ne
would not have caused much cornmotlon py
suggesting the doubling Of the sugar tax ana
presumably he can make peace with his COL
leagues by asserting reluctantly TO a consioeF-
able addition to the schedule Of indirect taxa
ton Generals Both and De Wet are driving
nails into the free trade coffin.
New tactics from MT. winston SpeiiSSI
Churchill are expected when Parliament reas-
sernbles He is reported TO be forming q Small
group Of Tories which viii take an independent
line in discussing military matters. and VIII
stand on the principle OF economy. Mr.. Broo-
rick is preparing his defence against the attack
by tsThe Eoolgans." as the group is irreVerent-
" named. by sending reinforcements from India
and Aldershot TO the seat Of war during the next
six weeks. As for economy being fresh letter.
the Treasury watchdogs can only bark in front
Of an empty cupboard
The burdens Of the war have fallen heavily
upon the city, where little money has been made
on the Stock Exchange. With steady shrink
age Of values in mining shares, brokers and
speculators complain bitterly Of the stagnant
markets and are not in the mood for attending
meetings 10 support A government which con-
ducts military operations with little driving
power. The revenue returns will disclose with
out doubt q snrinkage in the incomes OF the
naoneyed classes; and the mortality Of million
aires has been exceptionally light
General business shows lack Of buoyancy
4 portion Of the f1.250.Oo0 which the war
is costing weekly comes back. The Bradford
kdistrict has increased trade with South Africa
Ion account Of an immense army requiring wool
len worsted goods. The cotton trade with China
and India is improving, and the shipping business
is fairly prosperous. The iron and steel indus
try is sluggish The great manufacturers are
still working on the problem Of an1algamation
and reporting progress The report of the dele
CATION headed by NJ Ebenezer Parkes, which
visited the United States, will be voluminous
document Of one thousand RACES. and may help
20 revolutionize the iron and steel trade here.
There VIII be another spur TO the City and
South London railway operations Tomorrow,
completing the circuit from Islingtou to Clap
ha-- bz-x n e-S This Is
one Of the few signs of progress in London
transit during the year The decision Of the
arbitrators respecting electric traction for the
district Metropolitan Railways cannot be ex-
pected for several months and the prospect
for additional legislation for underground rail-
ways at the next session Of Parliament is not
hopeful Mr.. Yerbes is reported TO be buying
up project after another with American
energy and organizing power. and the London
County Council has suddenly reached the re-
port stage on TWO immense projects. One of the
great railways influenced by the Berlin trials.
has secured TWO electric experts. So deliberate
are the processes by which London learns that
this is the electric age. The metropolis is again
fogbound to-day, and street traffic is retarded
and blocked.
There VIII he few changes at the theatres
until Boxing Night. The performance Of Mr.
Sydney Grundy's "Frocks and Frils' at the
Haymarket will be most promising one, with
Mr. Cyril Maude sentimental swain and
Miss Winifred Emery a fascinating young
lady, who does not marry him, but rich noble
1t will be a less clothes piece,
dealing with the fortunes OF fashionable dress
maker. There are rumors Of the withdrawal OF
a popular actor-manager from the control Of
two West End theatres at the end of the year
IN order TO divide his time between England and
America. Mr.. Herbert Waring will support
Mrs. Campbell in her American tour.
The concert season offers many entertain
n1ents, but few musical novelties.
The first picture sale Of the season at Chris
ties occurred to-day, a large collection from
McLeans gallery, comprising Cromes, Consta-
bies and Roningtons. being auctioned of slug
gishly- l. n r