New-York tribune., 1902-02-25
LATEST LONDON NEWS,
REVENUE AND WAR QUESTIONS Tx rtIt,
BRITISH PARLIAMENT
DAVID MILLs's STRUCTURES On. AMERICAN
FOREIGN POLICY-THE MINING
MARKET FLAT

FOREIGN POLICY-THE MINING
MARKET FLAT.
5copy--sh-: 1902 BY The Tribune Association,
tsY CABLE TO TIE rRGBUNEI
London. Feb p, l a. m.-The Chancellor of
the Exchequer took charge of the Supply biz
n the House Of Commons in the absence Of
Mr.. Balfour. but the debate was confined to
the naval estimates. The secrets of Sir Michael
F5icks-Besch's finance are Of immense ir7nor-
tance 10 the mercantile interests. and he knows
how 10 guard them. No speculative movement
NJ any ma agnitUde has Vet been started on the
strength Of rumored changes in the du+ies
Many reports have been current respecting the
sugar schedule, but probably Sir Michael Hicks
Beach himself has not reached a decision. The
Brussels Conference. whether successful or
1therHise must influence the action Of the
Treasury- The present sugar duties can he
doubled without harmng consumers If the con-
ference adjOurns without acting on the bounty
question for long as the beet production is
srtfciaLl Lly stimulated the price will be lowered
through overproduction. and the increased tariff
vii not be felt, An agreement of the confer
ence in the direction of a reduction of bountfes
E1ll dispense with the necessity for counter
vsiling duties, and any change in the present
schedule viii be unlikely.
The prevailing depression on the Liberal side
is regarded by practical politicians as unrea-
sonable- one OF the best informed Unionists
has admitted 70 me that the reform Of taxation.
imperial and local. is the great question on
which The parties are likely TO divide in the near
future, and that the Liberals may return 20
pover sooner than anybody now expects If the
ministers unable to adopt d practical policy
for tightening the burdens Of people Of moderate
incomes The most influential class of the COM
nnunttv is that with incomes ranging from
200 10 $500. This class is taxed TO the
point Of exhaustion, and is ripe for revolt
against the Ministry If its burdens in
creased.
The pressure upon the government for a thor
ough investigation OF remounts and purchases
and contracts of all kinds in the army is steadily
Increasing. Lord Tweedmouth supported by
LORD Spencer and Lord Rosebery, contended in
the House Of Lords that a strong prima facie
case has been uladc out already for an inquiry
OF a sweeping nature. Lord Salisbury has
turned deaf ear to all the demands Of the
united opposition Mr. Brodrick is under fire
daily IN the Commons on the same question, Mr..
La bOuchere being among the surest and most
persistent of the marksmen The Ministers
also uenaced with revolt in their own ranks un-
less they face the music and take adequate
measures disclosing IOe LlSIlls1lld III
the various branches Of the military service.
They have been playing with serious subject
IN the absence Of an effective opposition
David Mills continues in the March number Of
The Empire Review" his structures the for
eign policy OF the United States as embodied in
What he describes the revised edition Of the
Monroe Doctrine" He cites passages from the
speeches Of Roosevelt and Lodge at the open
ing Of the Pan-American Exposition proof
that American diplomacy regards the Western
Hemisphere S under the exclusive domination
OF the United States. and as excluded from the
application Of the accepted doctrines of interna-
,ional law. He asserts emphatically that all
the States Of the Western Hemisphere stand on
a footing Of equality, and that the United States
has 10 claim in ernational law greater than
Caaadas rights. He cites President Cleveland's
and Mr.. Olneys action on the Venezuelan ques-
1ion and the refusal OF the government 10 al
low foreign powers TO acquire coaling stations
in the West Indies, and argues that the United
States viii receive some day the same answer
which Il once gave the Barbary States, We
prefer tribute