New-York tribune., 1901-01-18
LONDON TRANSIT SCHEMES
AMERICAN INVESTORS WELCOME TO
TAKE THE RISKS.
ACTIVE ENROLMENT OF VOLUNTEERS FOR
SOUTH AFRICA-FUNERAL OF BISHOP
CREIGHTON
Copyright: 1901: BY The New-York T-ibune)
LBY CABLE TO THE TRIBUNE.1

Copyright 1901: BY The New-York T-fbune1
IBY CABLE TO TRIBUYEI
London, Jan. IS, G a. m.-The details of the
purchase Of the Baker Street and Waterloo Rail-
way by a syndicate of Chicago and Cleveland
capitalists headed by ex-Congressman Johnson
are drawn mainly from outsiders who have re-
fused 10 buy the projected line and are not
trustworthy. The property has evidently been
hawked about, and the transactions are not
closed. The passage of a second metropolitan
transit scheme under the control of American
capitalists is regarded with indifference by in
vestors here. The transit problem is so complex
and the cost of construction of the various deep
level enterprises is SO heavy that the assistance
Of American engineers and capitalists is well
coined While the Metropolitan and District
railways have been driven by competition to
substitute electric traction for steam, it is not
vet certain that the operation of electric rail-
ways at deep levels is profitable, that radical
changes in the system of hauling trains may
not be requisite. The traction system, both the
Central London and Waterloo and City, may be
considered tentative. since the strain upon roll
ing stock and permanent way is excessive, and
the expense of repairs from wear and tear un-
usually heavy. English investors not yet
convinced that electric railways are good paying
properties and are willing to hav- American
capitalists take as large a share of the risks
as they like.
Although English public opinion is steadily
veering round toward the view taken in America
on the Nicaragua Canal question, there is no
getting away from the fact that Senator Nor
gan's proposals are not relished in this country
II may be taken for granted" says The
Times" that in some form other Lord Lans
downe will explain to President Mckinley and
Secretary Hay that the British Government
does not share the Senate's views of the freely
reputable character of an international bar
gain" The POST admits the value of the
interoceanic canal for the commerce of the
United States. and thinks that the matter might
have been arranged long ago. as foreign coun-
tries would readily concede TO America pre-
dominant voice in the settlement of the question.
This paper, however, which caters especially for
the aristocratic classes. finds fault with the
American system Of dealing with international
questions.
Recruiting for the yeomanry required for ser
vice in South Africa has started off actively. and
FIVE thousand men will be easily obtained at
FIVE shillIngs per diem for any period This
force Of good riders and marksmen is precisely
what is needed for the foxhunting now going
on in the Dutch territories, but complaint is
made by military men that call for volunteers
ought 10 have been made a long time ago, and
that il will be at least two months before the
yeomanry is recruited. properly horsed and
s. F4sdy te embark for the Cape. Foresight has
not been characteristic trait of the present
Government in ordering the details of the cam
paign Military critics cannot understand why
the twenty thousand seasoned troops now in
India have not been ordered to South Africa to
take the places Of and exhausted bat
taiions An exchange OF this kind could be
easily effected, and would not be expensive The
ali is full Of criticism that the elections were
ordered in good time.
The service at the burial of the Bishop of
London in St. Paul's simple, stately and
impressive Two Archbishops. fourteen Bishops
and a large body of clergy present and
advanced ritualists like Lord Halifax stood side
by side with distinguished champions of Non
conformity like Drs. Clifford Parker and New
Hall, and with represent tatives Of the Greek
Church The choristeTs Of the Cathedral and
the Chapel Royal sang chants and Rock OF
Ages" with dirgelike effect, and the committal
service was recited with vibrating tones by the
aged Archbishop Of Canterbury The Lord
Mayor attended in state and the Cabinet and
Diplomatic Corps were well represented. The
grave Of Bishop Creighton is Dean Mil
mans in the centre crypt Of the chapel.
There was a series Of brilliant public banquets
last night. the Prince Of Wales and large
company Of military men attended a dinner
given to Lord Roberts by the United Service
Club at Whitehall Rooms Lord Denbigh, in
the absence of the Duke Of Norfolk, was the
chief figure at the annual dinner of the Roman
Catholic Association. The Lord Mayor enter
tanned Court and Common Council at the Man
sion House and the Welsh Radical. Lloyd
George, was honored with complimentary din
ner at the New Reform Club, and allowed by
his admirers full scope for condemnation OF
British policy in South Africa l. N r.
WORSE THAN BTBONIC.