The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-20
CRIPPLED BY KINGS ILLNESS.
Possible Financial Effect of Delayed

New York Letter in ~Philadelphia Press.

New York Letter in Philadelphia Press.
Supplementing the very general express
Sions Of sympathy and sincere regret that
the illness of the King of England should
have compelled a postponement of the SYM
bolic ceremony of the coronation is the
opinion that seems TO be held here without
Gus financial consequence i'm Great Britain.
There is no apprehension that il will occs-
sion Generalization, which will be felt here,
although the suspense of If not permanent
abandonment of some very important plans
involving financial and industrial under
takings of much magnitude may consider
ably alter the course of our own money
market, which was expected TO be called
upon speedily TO furnish some gold for ex-
port to London.
Then, too, the serious illness OF the King
may considerably delay the perfecting OF
the plans for the financing of peace in
South Africa, and If there were such delay
II would be influential I'm shaping TO some
extent our own financial end industrial con-
dition next fall. The hnanciers here who
have International relations have said with
much that nothing but the
financing Of the peace in South Africa and
the arrangement for the liquidation OF the
balance Of the great war debt incurred by
Great Britain events the release OF A
large amount of capital in England, some
of which was certain 10 seek investment
chiefly in American mining enterprises.
Aside from these somewhat Indirect in
huences, following the illness and possible
prolonged impairment Of the ability OF the
King TO conduct that part OF the govern
menI OF treat britain winch II Is MS QuAN
as King 10 conduct, no particular effect
Of this unexpected and momentous change
in the coronation plans will be felt in the
United States. But there Is no doubt here
that il will occasion serious financial losses
I'm London and 10 some extent throughout
Great Britain. at least England. Scotland
and Wales. The merchants OF London, at
least those who have not insured against
this contingency. VIII be seriously injured.
All of those who invested large amounts
of money in preparing for the entertain
ment or the convenience OF the great
throngs which were expected TO witness
the m or at least the public pa
geant. must contemplate severe losses. And
there is also the sudden shock TO normal
trade, the inevitable depression in the mar
kets, both speculative and investment.
Reasoning in this way our own hnanciers
do not hesitate 10 say that the sudden ill-
ness of the King. the need for calling the
assistance OF the urgeons and the danger
Gus character Of the disease itself from
which as IL is now admitted he Is suffering
cannot fail 10 produce in England hnan-
cial conditions almost similar 10 those that
would be occasioned by the failure OF some
great banking house. II is not known yet
what will be o in this city by those
who expected to celebrate in formal ways
the coronation. There were 10 be services
I'm several OF the churches. The British
consul general at New York. Sir Percy
Sanderson. has sent invitations for a ban
and there were 10 be other ceremonies.
public or semi-puhlic. The probabilities are
that all will be abandoned and the feeling
to-day is that il may be many months be-
feroe the coronation ceremonies can take
place.