New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-12-02
WHITE STAR PAYMENTS.
MADE WITHOUT SHOCK TO THE MONEY
MARKET IN LONDON.
IMPROVEMENT IN PRICES LOOKED FOR
Mr.. CASSIoTS GIFT TO THE
GUILDHALL GALLERY.

Il.
GUILDHALL GALLERY.
Special The New-York Tribune by French cableb
Copyright: 1902: BY The Tribune Associationl
London Dec 2 1 a m-The disturbance
caused by the Morgan payments for the White
star and Dominion lines was less serious than
had been anticipated The stock market
NAMED stagnant. rise in the bank rate being
sxpected this week, and from, New-York
betng awaited for American securities. There
was much curiosity respecting the proportions
of cash and mortgage bonds taken by the share
holders of the steamship lines, but a feeling of
relief prevailed when it WAS known that trans
action Of remar1a BILE magnitude had been car
-ied out with ease. and that securities of all
binds were fairly steady Financiers are fore
casting a general improvement in Stock Elk
charge business after Christmas. and ulti-
mate revival of mining speculation after the
nolttical results Of Secretary Chamherlain's mis-
sion 10 South Africa are known. The payment
nf over So, 100000 was managed quietly
possibIe in the banking house in Old Broad-st.
Three hundred shareholders received their
checks after their holdings had been ascertained
md proved and the staff of the banking house
WIS neither increased Hurried The specta-
tors found it difficult to believe that anything
of exceptional interest was going on.
The collection or LIS paintings DeQOeatheG 10
the Corporation Of the City Of London by
Charles Gassiot was formally opened by the
Lord Mayor yesterday with civic oratory and
music by a large band. A more interesting
function was a private view few hours earlier,
when an old woman was wheeled around the
GuiIdhau Art Gallery in invald's chair, with
A. G. Temple special conductor, to explain
the grouping of the pictures This was the
widow Of the successful merchant who had en-
riched the ancient city with a noble bequest
The collection mainly represents Victorian art
and is so large and representative that the City
Corporation may now be compelled to build
new art gallery. The best picture. on the end
wall opposite the entrance. is a large Con-
stable entitled --Fording the River: Showery
Weather" for which Gassiot once refused an
offer Of $4,000 1t is f1anked by three land
scapes by Patrick Nasmyth, congenial in tone;
two pictures Of Edinburgh and Venice, by David
Roberts, and a group of works by William Col
lns John Phillip, Thomas Phillips and Ben
5arnin W. Leader. The central picture on the
right hand wall is Clarkson Stanfelds "Old Hol-
land" harked by two marines by the same
painter and two by j. c. Hook. and by Milla1s's
companion pictures. First and Second Ser
mon" The same wall is frightened by Alma
Taderna's .sPyrrhic Dance" John Linnelrs
Changing Pastures on Hampstead Heath and
Brasiers" has the place of honor on the OPP
posite wall, with two fine landscapes by John
Lianell, two beautiful Mullers and Alna-Ia-
dema's Pleading Marcus Stones Napoleon
On the Way from Waterloo to Paris" Consta ble's
East Bergholt' and Tissot's Last Evening
are conspicuous on either wall. The upper gal
lery contains small pictures by many hands,
Landseer's Travelled Monkey" being among
the best Gassiot had the conventional VIC
torian preference for story telling pictures, but
he was also a collector of trained taste. The
Guildhal Gallery may ultimately rival the Iate
Gallery as a treasury of British art
Sir Wllliarns Higgins. In his annual presi-
Dental address to the Royal Society yesterday
spoke Of the supreme necessity Of more sys-
ternatic application OF scientific methods, both
In theory and practice, to British manufactures
and industries He condemned the system OF
higher education in this country, as being too
medieval in spirit
a notable victory has been achieved by the
Irish Roman Catholic hierarchy over the united
Irish League William O'Brien's policy of alb
stention from Westminster has been regarded
with disapproval by the Irish bishops, and Jonn
Redmond as leader of the Nationalist party,
has consequently found it advisable to lnn-
mate to his followers that their presence IN
the Commons may be Of real importance "hen
the Education bill comes down from the Lords
In. T.