New-York tribune., 1902-12-23
DECLINATION EXPECTED.
ROOSEVELTS ATTITUDE.
London Thinks 1t Improbable That
He vii 4ct as arbitrator.

| Especial New-York Tribune by FTench CabIe)
Copyright: 1902: By The Tribune Associationl
London, Dec. %, a. m.-The acceptance Of
| the principle of arbitration and the increasing
! probability that guarantee Of the payment
of the award will be waived If 1t has not already
| been DONE ought to dspel the distrust of Ger
many and inspire a genuine Christmas spirit.
Red specks however, are floating before many
eyes, and there is a general reluctance or the
part Of the press to let well enough alone, ana
acknowledge the self-evident truth that the
British Empire, the United States and Germany
have been cooperating In the venezuela a1lalr
for high ends of civilization and acting with
good faith. What Mr.. Kipling has attempted IN
Hmping verse. a good many leader writers are
seeking to accomplish in turgid prose, namely
the creation of bad blood between England and
Germany. Even those who deplore Mr.. Kip
ling's reference to Germany as an open foe"
do not hesitate to irnpute inscrutable designs
and double dealing to the German Emperor
The evidence is not conclusive. but apparently
the German Emperor was quicker than Lord
Lansdowne in being the first to propose Presl-
dent Roosevelt arbitrator just as he may
take the lead in waving a guarantee. His as
tuteness is ar once attributed by THE Man
chester Guardian to an insidious purpose Of
rendering the United States unpopular in Venez-
uea and dscreditine the Monroe Doctrine es-
peCi3lly Air. Roosevelt may De coInpelieu
either to enforce the award himself or allow
Germany and England to do it. The Foreign
Office, according to this view. after accepting
the Monroe Doctrine in the first Venezuela affair
as a British interest is allowing crowned in
trguer to propose President Roosevelt as ar
btrator in the second Venezuela affair, In order
to create revolt throughout tropical America
against Intervention by the Washington govern
ment In the diplomacy Of the minor republics.
Notwithstanding these outbreaks Of prose and
verse against the Emperor. there are the best
Of reasons for the belief that the British and
German governments are not playing fast and
loose with each other. but are cooperating
heartily with Mr.. Roosevelt in bringing the
Venezuela complication to an end.
The most practical suggestion respecting a
guarantee is the proposal that the United States
Government shall have supervision over the
collection Of the Venezuelan customs until the
awards are collected But ii is considered i'm
probable that President Roosevelt Will accept
the responsibilities Of arbitrator on terms which
will inevitably excite prejudice against him In
South America. There were signs yesterday In
official circles that Mr.. Roosevelt's decination,
on the ground that American claims would be
excluded was expected, and that arbitration by
The Hague tribunal would be preferred with
an ulterior arrangement for the collection of
SN+@0N
do not succeed In financing them.
The expectation that the affair will be quickly
settled gave great hllip TO Venezuela bonds on
the Stock Exchange yesterday The price rose
per cent to 35 the highest figure at which
these bonds have been quoted since 1899.
Mr.. Marconis business associates here had
little additional Information TO inpart yes
terday respecting the transatlantic mes
sages The receipt OF communications was
confirmed, and plans for the extension Of
the service TO the United States coast were
vaguely discussed. The British Government
is censured in quarters for neglecting TO
take a moro active interest in Marconi's expert
ments especially when Lord Kelvin and Sir
William Preece were impressed several years
ago with the Importance OF the wireless system.
The Dominion Governments cooperation with
Marconi is commended by several English jour
nails and the interest OF the King OF Italy in
the new system is attributed by those who have
talked with him in Rome and Sicily to per-
sonal acquaintance with Edison and prac-
teal knowledge Of electrical science. Share
holders in cable companies are frightened by
Marconi's triumph and offers OF stock We're
plentiful on the Stock Exchange yesterday.
Commercial men in this country will be great
" disappointed II England is not we'll repre-
sented at the st. Louis Exposition. The ques-
ton OF representation IS known to be under
sideration by the government but the absence
faction. I. n. F.