New-York tribune., 1901-02-27
1ONDON'S LATEST NEWS.
,,o ACTION BY FOREIGN OFFICE ON
THE TREATY YET KNOWN.
yr RIG STEEL TRUST REGARDED as An
OTHER INSTANCE OF AMERICAN
MEGALOMANIA.
copyright: 1901: BY The New-York Tribune,

MEGALOMANIA.
o-ooyrisht 1901: BY The New-York TribuneD
IBY CABLE THE TRIBUNE.l
,o,5on Feb % ! a. m-Nothing could be
,..-ned at the American Embassy yesterday az
..-,oo, respecting the action of the Foreign Of
G. On the canal treaty Ambassador Choate
,,, meet Lord Lansdowne at the Foreign Office
.sav at the regular diplomatic reception when
,.,,,arions may be given Of the disposition Of
-. government 10 accept reject the Senate
,a,drneuts It will be the last reception be-
,,re the expiration Of the term agreed upon
,s.vreen the two governments. There are no
.,gns that any request will be made for a pro-
,o,gation Of the period during which negotia-
lions may be conducted
.gsin there is a dearth OF news from South
.,sce and the few unofficial dispatches that
Aa-s been allowed TO pass the censor contradict
20 another Il is stated that General
,,,.be IS between Ermelo and Middelburg
,boush he had previously been reported TO be
nsdeed I'D against the Swat frontier or to
IA retiring toward Komatpoort. Botha has
.,,s-entlv acquired the ubiquitous character
.r.s NJ De Wet. With regard TO the latter
comrnandant there is news at all He may
have contrived TO escape from the very tight
corner into which he had been forced, but mill
-arv men are rather inclined 10 believe that
rord Kitchener is preparing a coup with the
obiect OF completely demolishing either De Wet
Nv Botha. if not both, on the anniversary Of
Nsiuba. to-day. just as Lord Roberts crushed
cronie twelve months ago.
There are few comments in the English press
=, the formation in the United States Of the
steel corporation as gigantic trust. ]. Pier
nont Morgan is well known in London that
the usual structures upon the greed OF American
-,glionaires and the tendencies Of protection are
d,sneused with. The magnitude Of the financial
oneratious involved in this tremendous deal
creates the impression that il is another evidence
NJ American megalomania. There are many
trusts and combinations in the United hingdom'
.ns the general effect Of them has been TO bring
about economies OF various kinds and put an
end 10 cutthroat competition, but these opera
,,o,s are insignihcaut in comparison with Mr..
Norran's steel trust. Consumers have not suf-
tered here from these trusts, nor have the work
men and ordinary employees. Middlemen and
purchasing and distributing agents have been
the chief losers, and many branches or business
have been rendered more profitable.
Some croakers are predicting. result Of the
sugsr tariff war with Russia and the formation
Of the gigantic steel trust, that European trade
coalition will be formed against America Eng
land certainly cannot take part in any coalition
OF the kind without abandoning her free trade
policy. The Board Of Trade knows the facts
about the Russian methods of stimulating the
sugar industry, and is not impressed with the
plea that no bounties are paid.
Richard croker's friends find Walsingham
House less attractive now that he has gone 10
Noat House for flying visit, but they are ex-
meeting his return this week and renewal OF
the congenial horse talk. He cannot remain
there in comfort, worknen are employed IN
renairing and renovating the mansion. learn
here that he is greatly annoyed over the pub
licity given 10 various matters relating 10 him
and that he is amazed that an English country
gentleman cannot escape observation when he is
yssrv Of the turmoil and drudgery Of American
r,olitics There is an impression among his turf
orouies that he will make flying visit to Amer
lea when his plans are arranged for laying out
new drive and building lodge at the entrance
70 the Letcombe estate.
Parliament remains the dullest place in Lon
don. with little prospect Of revival Of interest
IN legislation after the end Of the DEBATE on Iie
address Runners are current that Lord Seils-
bury will retire at the close Of the session. anu
that the Duke Of Devonshire will not take his
place This leaves the field open for Mr.. Bal
four with possibility that he will be raised 20
the peerage and that Mr.. Chamberlain VIII leau
the Commons This is current gossip out II Is
obviously premature. The Liberals would prop
ably welcome this result, as il would restore
their fighting form and tend 10 divide the minis
-erialst forces. There are amateur Cabinet
makers who persist in working out a fresh com
bination with Lord Rosebery, Mr.. Chamberlain
and Mr. Asouith as a tandem team, but tnere
is little probability that any anomalous arrange
rnent OF this sort will be made. Lord Rosepery
friends always insist that il is the last thlns
f