New-York tribune., 1902-12-22
VENEZUELA'S BONDS UP,
HER CREDIT IMPROVED.
Curious Result of Defdmttang he
DubEc's Present Troubles.

cspec,al 10 The Tribune by French Caole')
fCopvr1eht: 1902: BY The Tribune AssociationD
Iondon Dec % a. m-The Venezuelan situa-
ton remains very involved and perplexing- The
impression in we'll informed quarters is that In
the end some arrangement will be come to which
will lead to transfer of the customs dues to an
interna tionaI commission as in the case OF
Egypt with view 10 division of the revenue
between Venezuela and her foreign creditors
Most people here would like TO see the whole
question referred to President Roosevelt or to
The Hague tribunal for adjustment In any
case it is fervently hoped by the provincial as
well as by the metropolitan press that the AFFAIR
will quickly be settled. 1t is recognized that
Americas goodwill is far more important to this
country than the total sum Of all the claims
against Venezuela. So far the affair has served
TO strengthen rather than weaken the corolai
relations which exist between England ana
America. It cannot be said with equal truth
that it has tended to promote Anglo-German
friendship England and Germany regard each
others movements with distrust and suspicion,
and in neither country has the combination
against Venezuela been hailed with enthusiasm.
In City circles 1t is fully expected that the set
tlement of the question will have an excellent
effect on the price of all South American securi-
ties held in Europe, and 1t is significant that
Venezuela Government bonds are per cent
higher on the London Stock Exchange to-day
than they were month ago.
General approval is expressed by to-day's
newspapers OF the proposal that Mr.. Roosevelt
should arbitrate the Venezuela question
Mr. Marconi has at last succeeded IN estab-
fishing wireless telegraphic communication
across the Atlantic. The message which he has
transmitted from Lord Mimic to the King is an
accomplishment which should do away with
many doubts as to the ultimate success of his
remarkable system. Wireless telegraphy is al
ready in commercial use at several OF Lloyds
signal stations. while some Of the great Atlantic
liners have been making from $50 to 80 a trip
by transmitting messages to the shore The
British Navy also employs the system In
modified form. nearly all the modern battleships
and cruisers being fitted with the necessary ap-
paratus 1t is interesting to compare the first
Marconi message across the Atlantic with the
FIRST message sent by Cyrus w. Fields cable
which was from President Buchanan to Queen
Victoria
The Irish land question will not be settled by
the conference which has been arranged between
Lord Dunraven's committee. representing the
landlords, and John Redmond, William O'Brien.
J. c. Harrington and T. W. Russell, on behalf OF
the tenants, because the Landowners Conven-
IL.
the Irish landowning class, will have nothing to
do with the Nationalist party. This irrecon-
cable attitude on behalf of the official body Of
landlords has furnished the Nationalist press
with text upon which to base accusations of
hostility to any movement which aims at a
friendly settlement of the land war in Ireland
The conference will not. however. be a complete
failure. 1t will, at least enable Mr.. Wyndham.
who intends TO introduce Irish land bill into
Parliament at the next session, to see whether
his proposals are likely to run parallel with or
athwart those which popular judgment. as re-
ffected by the conference, is likely to approve,
and may cause him to modify his measure in
certain respects.
Mr. Mosely. organizer Of the Mosely labor
commission, arrived in Liverpool yesterday
by the Umbria. He is SO completely satisfied
with the result Of his scheme that he will take
out an educational commission to America next