New-York tribune., 1902-01-28
OPTIMISTS OVER WAR.
sRENEwED ACTIVITY IN AFRICAN MIN
ING SHARES
CORD DUFFERIN'S ATTACK ON WHITAKER
wRIGHT-TELEPHONEA AGREEMENT
SUSTAINED.

szoRD DUFFERINs ATTACK ON WHITAKER
NEUTRALITY-SUSPICIOUS. AGREEMENT
SUSTAINED
Copyright 1902: BY The Tribune Assoaation)
lBY CABLE TO THE TRIBUSE.l
London, Jan. 2S. 1 a. m.-There was a re-
ssewai Of activity in the South African market
yesterday in consequence of the favorable news
from Lord Kitchener. Leading mining shares
rose and signs of a speculative movement were
not lacking The South African millionaires
evidently take optimistic view of the military
situation, and consider it expedient to impress
investors at home and abroad with the conyc-
ton that the Rand properties will speedily be-
come centres of industrial activity. Operators
for the rise assume with confidence that the
mining interests will not be heavily taxed for
payment Of war charges and that they will be
relieved from many burdens imposed by the
Boer government
The text Of the important proclamation re-
Gently issued by Lord Miner shows that large
number of statutes enacted by the Beers legis-
lature have been repealed by the authority of
the crown. The ground has been cleared by
this drastic exercise of war power, and the
way opened for the Transformation of the Trans
vaal into British colony, with every practical
facility for carrying business on English
principles.
official receiver Of the London and Globe Com
pany, contained a more severe Indictment of
Whitaker Wright than any English commenta-
tor would venture to make while the legal in
quiry was in progress. The former chairman
OF the London and Globe Company was con-
strained to remark that he would have con-
sidered himself highly criminal If he had know
ingly consented to the shareholders money be-
ing gambled away. done under Whitaker
WyiPhtS
fed respecting their state of uninqusitive ig-
norance respecting the stock gambling appar-
emily conducted by the company. An official
Enquiry hardly fail to bring about a radical
reform in the system of dummy directorates
and fgureheads with a managing director as
the speculator in chief.
The proceedings at Berlin continue to i'm
press the English journals with the ability of
the German Emperor to keep control of foreign
relations in his own hands while he scatters
compliments with air OF sincerity. The two
royal houses have contrived to minimize the
bad feeling undoubtedly existing between the
two countries, and open the way to improved
relations in the future If 1t be easy for
the statesmen Of either country to play to the
galleries, it is even easier for the sovereigns to
keep the peace by timely courtesies.
The latest information from Brussels is less
hopeful respecting the ultimate agreement of
fhe sugar conference.
Lord Rosebery did not, after ALL speak in the
House of Lords yesterday, and the war debate
On Lord Wemysss motion fzzled out after
undressing discussion. resolution expressing
approval OF the governments conduct Of the
war was carried by vote of 60 to 16, and, their
lordshps having nothing particular TO do, ad-
1ourned for week.
In the House of Commons telephone
scheme for London UP for consideration
on an amendment TO the address moved by Lord
Mayor Dinsdae,. Several members of the Con-
servative as wen as the Liberal parties roundy
denounced the agreement between the govern
Inent and the telephone company which had
been arrived at without consultation with the
local authorities and called for an inquiry into
fhe negotiations.
The Marquis of Lansdowne is the Postmaster
General, and, as he has no seat in the lower
house, Austen Chamberlain and Lord Hanbury
defended the agreement behalf of the gov
ernment, but attempts to prove that the tele-
phone system in London the finest In the
world very weak. in the face of the well
known fact that the plant is old fashioned
when compared with that in use in Chicago,
Philadelphia and New-York. The London
Unionists. although anxious to speak against
the government, did not like to vote for the
amendment, and it rejected by a vote of
PIT TO 13o.
Mrs. Madeleine Lucette Ryley's Mice and
Men" successfully produced last night at the
Lyric Theatre, is another Professors Love
Story" 1t is highly fanciful, its chief character
being that of a scholar, who adopts founding
with view Of training her according to his
own ideals OF anhood, and with the OBJ
-vious intention of marrying her; but the best
7aid schemes of mice and gang aft agley,
and the girl bestows her affection upon hand
some young officer. The dsillusoned guardian
unselflshly decides not to stand in the way of
the lovers happiness and withdraws to plough
1nis lonely furrow.
Forbes Robertson and his wife. Gertrude
Elliott interpreted the principal characters with
anuch ability and were warmly applauded
]. n. T.