Washington sentinel., 1901-04-27

Il
mac from the rear If the White
House much in the same way al
the late Senator Malone received
his colored constituents at his
back door-was ample proof OF his
feelings in the matter. Young Mr.
Hays visit to Downing street on
his way to Pre- toria as representa-
tive OF this Government will be re-
called as another evidence oi
friendly interest in England's be-
hall. 1t vas entirely unnecessary
that our inYe stors should be asked
to accept English consols which
yield only a.8I per cent when so
much better interest can be OBJ
tanned at home. II an explanation
is wanted Tor the allotment Of $780,.
900. 900 to America, it may be
found in the following from the
New York World:
Great moneYed interests in America
represented by J. P, Morgan are desirous
Of being upon friendly terms with the
British Government and British in.
vestOrs.
II for "moneyed interests" you
substitute the Republican Ad-
ministration" you will have the
secret OF Mr.. Morgan's concern tor
the success of the English loan.
The Star wakes sarcastic in re-
ferrIng to the fact that "applica-
tions on French account were con-
siderable" Granting that this is
true, what does it provea Simply
that French moneyed men, like
their prototypes in all stages Of
the worlds history and every
where, have been willing to barter
honor and principle for gold and
in pursuit oi the mighty dollar
"have shown an eagerness Tor
paper which has so much security
behind it," The difference between
ruling rates of interest in Fra ce
and those offered by their English
neighbors we're so great that
French spectators forgot (f they
ever cared to remember) the pur-
pose for which the loan was re-
CURED and that its payment would
be enforced in the sweat and blood
of their South African brothers.
1t will be confessed, however,
that French bidders for English
bonds no more represented French
opinion in the Boer- British conflict
than do Mr.. Morgan and his
friends the opinions Of those who
EXTENDED such hearty welcome to
the Boer envoYs in this country,
Further, the strained relations and
undisguised dislike OF each other
which exist between France and
England, which found expression
in a Franco Russian alliance as a
challenge to Great Britain as we'll
as to Germany, forbid the assump-
ton that the act OF French money
lenders in any way indicated
French feeling or course OF action
in the improbable event OF an op-
portunity to take sides in the Boer
cause.
France is neutral, but if occasion
arose her people would be found
championing the cause OF the
Beers. o. that there is as little
doubt as that Americans-aside
from the money kings-would be
found on the same side under iav-
oring conditions. The severest
reverses English arms met in the
early stages OF the war in the Trans
vaal we're administered under the
direction oil distinguished French
officer whose early death was the
heaviest blow the cause OF the re-
publics received. And when Pres
ident Kruger landed in Europe the
doors Of France were open to him
in sympathy with his mission as
we'll as in rebuke OF England's
course. The time has not yet
come in the history OF Fran ;e any
more than in the history Of our own
country when it can be said that
the owners Of wealth speak for the
m ass of the people, act tor them,
and reflect their opinions and
wishes.
Now as to the bearing Of this
bond purchase upon the question
ol neutrality. The Stars article
asks: rs not, indeed, money in
such circumstances and Tor such
purposes contraband OF war;"
Well, we had little disagree
ment ourselves some forty years
ago in the course OF which Eng
land, whom our fnanciers are now
in gratitude helping out Of hole,
took up some bonds OF the seced-
ing States and in return furnished
money and supplies for the Con.
iederacy. Could the United State
have put its hand upon cash OF
bonds, would those articles be con
sidered contraband Of war; We
have an idea that they would be