New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-30
PEACE OUTLOOK BRIGHTER
MR.. BALFOUR'S REASSURING STATE
MENT IN THE HOUSE.
PROPOSAL TO APPLY CORN TAX TO EDUCA-
TIoN-LONDON RAILWAY PLANS AP-
PROVED-A TOOL COMBINATION.
Copyright 1902 BY The Tribune Associatonl
70 1nrl. L.ranch CahI.


Copyright; 1902: BY The Tribune Associatonl
Especial to The New-York Tribune by French Cabe)
London, May 30.-The mercury rose in the
stock market after Nj. Bafour's statement in
the House of Commons, which was regarded as
a fairly certain indication that peace would be
made early next week. Business remained light
after dull opening. but there was an increased
hrmness of tone. There less optimism in
the House. where surprise was expressed that
so many Cabinet meetings should be necessary
and that rumors that the British Government
had placed restriction upon the time required
for concluding the negotiations should be so
persistent Mr.. Balfour's tone of voice was
more encouraging than the phrases which he
used and as the dull session ran on the sup
porters of the government became confident that
peace would be announced on Monday. and that
the Budget discussion would be resumed with
more contented minds
It is understood that the government is in
receipt of official communications from South
Africa intmating that tho Boer minority, from
whose irreconcilable attitude so much was
feared, will accept the preliminaries of the
peace negotiations, and. in other words. will
agree to a general surrender. carrying with it
the loss of independence. Certain minor details
only. which should not affect the main ques-
ton remain 10 be settled
There was less talk about differences of view
among the ministers than there was on pre-
vious days and the general opinion among the
members was that while Mr.. Chamberlain had
been kept under some restraint. conditions of
peace would virtually be arranged by him and
would contain satisfactory safeguards
Mr. Lowther's proposal that the corn regis
tration duty should be converted from war
tax into an educational fund has found favor
on the Unionist side. If this policy be adopted
the cost of education will be made a charge
upon the national exchequer and local taxpay
ers will be materially relieved. The members
advocating this change perceive the advantage
of taxing bread for the sake of educating the
masses since the working people would have
less cause for complaint and the Liberal agita-
tion would be checked. Protectionists like Mr..
Lowther do not disguise the fact that they wish
to make the corn duty a permanent tax. and TO
increase it as time goes on, and they prefer to
dispel the illusion at the outset that it is a
temporary tax.
strong detachment of American photog-
raphers has arrived here for the work of the
coronation and the Embassy is beseged with
applicants for special privileges apart from the
police passes and tickets for the press boat, pro-
vided by the Admiralty for the naval review.
They are not likely to obtain many favors. To
the embassies have been promised limited
number of seats at Westminster Abbey at the
time of the coronation for the use of foreign
correspondents but these have not yet been
issued.
The Shipping Gazette" which apparently
speaks with authority, states that the White
Star. Dominion and Holland America lines
agreements with the shipping combination have
been finally ratified.
THE Daily Chronicle" announces this morning
that Sir Alfred Jones has declined the overtures
of the Morgan shipping trust. and that Elder.
Dempster & Co. thus remain outside of the com
bination 1t is believed that before entering
upon any discussion Of the matter with Herr
Ballin and Mr. Wilding. Sir Alfred sought the
advice of Mr. Chamberlain. and also of the
Canadian Ministry at Ottawa. Both the i'm
perial and the Canadian authorities advised Sir
Alfred in the strongest possible terms to main
tain for Elder. Dempster & Co. its present po-
sition of isolation from the lines working under
the North Atlantic conference agreement.
The House of Lords committees have now
practically dealt with all the London tube pro-
posals, and the broad effect of their decisions is
to authorize the principal parts of the schemes
of Mr. Morgan and Mr.. Yerkes.
II is reported that the Pneumatic Tool Com
pany of Chicago has obtained a purchase option
on the business of the International Tool Com
pany of London. The amalgamation of these
interests would give to the Chicago company
practical monopoly of the pneumatic tool output
IN Europe
James r. Keene has arrived here from Amer
Continued third pnge.
NO EXTRA FARE TO ST rOIJs