New-York tribune., 1902-07-27
NEWS OF TWO CAPITALS,
LONDON.
NO INTERNATIONAL CONFERENCE ON
TRUSTS PROBABLE.
ENGLAND GERMANY AND UNITED STATES
DESTINED TO WORK TOGETHER-RE-
TURN OF SPECIAL EMBASSIES
THE DEFERRED CORONATION
1convright: 1902: BY The Tribune Associationl


copyright; 1902: BY The Tribune Association)
Special The New-YoIk Tribune by French Cabel
London, July 26-There is a strong proba
bjlty that the Russian proposal for an interna-
,ioral conference on trusts will be declined by
England and Germany, whatever action may be
taken by the other powers represented at Brus-
sells. The commercial relations between Eng
land and the United States are so intimate and
comulex that A movement directed against
American syndicates and combinations cannot
receive government encouragement here. More
over while the newspapers have much to say
about the American invasion, trust leverage and
tariff barriers the ministers are not so-ignorant
as to imagine that the industries here not
bined similar lines. albeit less effectively
and with inferior force of organization.
As for Germany, every interest of export and
shipping trade and every productive industry
is organized, and the utility OF cartels and COM
binaticrs has been generally recognized in the
last two years, when the home markets of the
Fatherland have been demoralized and foreign
trade has been the best resource during the
protracted period of commercial depression. 1t
is well understood in Germany that manufact-
lres of all kinds would have been dumped into
every foreign market at the lowest prices if the
export trade had not been controlled by sys-
tematic organization. That trade has been
steadied ty German combinations and whatever
may be the grievances Of agrarian agitators on
account of American competition the mercantile
and industrial classes are not in position to
soin the Continental movement against the
trusts.
Tt IS difficult moreover to perceive how the
powers which sanctioned the sugar convention
can accept the Russian proposal for the recon
sideration OF obligations and agreements under
taken at Brussels. The Car is persistent
idealist when he is interested in any policy. but
# is doubtful if he has seriously considered the
subject of industrial trusts. The proposals have
probably been devised by his ministers for the
purpose of masking their retreat from the Brus-
sells sugar conference. and neither England nor
Germany will be likely to enter any interna-
tionaI assembly concerned with trusts unless
the United States Government is represented
in il.
That England, Germany and the United States
are destined in the face of Industrial and COM
1nercial rivaIries TO work together is illustrated
by the abolition of transit dues in China This
reform is the best possible warrant for opening
the China trade TO the world on terms of equal
ity for progressive and enterprising foreign ma
tions. The British Government may have taken
the lead in obtaining the foreign management
of the collection of inland customs and the
abolition of transit dues, but Germany and the
United States have common interest in the
general results of the far reaching reform
The reconstruction of the Cabinet which has
been dragging during the week. may be hast
ened by the Prime Minister'S consultations with
the King, whose interest in public affairs is re-
viVing with his convalescence Speculation on
the subject has welnigh ceased, since all the
rumors lave lacked authority and the friends of
nearly all the prominent members of the Cabinet
have taken advantage of the opportunity for
,-g,, 1.,frf frasr
PAGES.
1t seems fairly certain that Austen Chamber
lain will be promoted to the Board of Trade
and ttat the minor offices will be rearranged,
two or three younger men of the party, possibly
Winston Churchill among them, being promoted
Sir Michael Hicks-Beach having bled the in
come taxpayers and business interests with
thoroughness, now promises a remission of bur-
dens next spring and the establishment of a
sinking fund based upon the wealth OF the
Transvsal but il is not likely that he will re-
main in Office TO try a hand at popular budgets
Mr.. Ritchie still seems the most probable sue
cessor for the Treasury.
The education and Irish debates this week
have presented the usual motives. The adage
that politics makes strange bedfelows is illus
trated anew by the agreement of Lord Hugh
Cecil and Lord George Wyndham some minor
points in the question of the management of
schools, and the earnestness of the Nonconform-
lists was surpassed by the vehemence of the
Nationalists when there convenient OPP
portuaity for denouncing Lord George Wynd-
ham.
The oldtime proposal that a member of the
royal family should be Viceroy of Ireland is
revived by sentimentalists, but without author
ity from the Prime Minister. The Duke of Con-
naught has no political ambitions, but is
marked out as the successor of Lord Roberts
as the commander in chief The royal family,
new reasonably popular in Ireland, is not likely
to compete with wealthy peers in the gentle art
Of making enemies al Dublin Castle.
The outgoing steamers for NewYork were
well filed to-day. The Etruria carried over two
hundred passengers, including a dozen clergy
men and many disappointed coronation guests
who could not wait for the ceremony of next
month. There were nearly three hundred CABIN
passengers on the Philadelphia, including the
Chinese and American special embassies to the
Coronation. Bishop Bowman and numerous other
clergymen Z. s Draper and Miss Ethel Barry
more Mr.. and Mrs Whteaw Reid were sur
rounded at Waterloo station by a circle OF
friends Lord Aberdeen remaining in CONVERSE
ton with Mrs. Reid to the last moment and Slr
Fleetwood Edwards. the royal equerry' oelng
equally attentive to the special Ambassador
and Mr. White, Mr. Carter and the other mem
bers OF the regular and special embassies waV-
ing adieus the train started.
Although Mr.. Reid had been assured that ne
and Mrs. Reid would be welcomed personally IL
they we're 10 remain for the coronation. he had
no disposition TO occupy exceptional positioh
when the foreign governments we're not invited
to send official repre sent atives and consequent
ly carried out his original plan of sailing to-day
His last week in I,ondon was a busy one, with