New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-04
NEWS OF TWO CAPITALS.
,FFAIRS IN LONDON.
,1,,or at Port Arthur-Confdence
IN Tariff Reform Tictory.

80. .--iters can discuss WIthou' ei
z;,r fate Of the garrison rms can pe ~
- only by the recaPture oi 'H chs
fer'e' ~, the japanese will COMMAND Inc
from he town as soon as they bring up
harpo' In the medley of rumors to-oa!
heavy So assurances that the earliest at
are -e-ola the key TO the outer foruhca-
temps 4.ve6 and that the end is near oes-
ti'i1 .s the Russians may fight III lle iAs'
q,,s reports Of the surrender OF lhe eai
en- e. the futile efforts Of the remnant u
- 1,-seian feet TO break through the '0fi-
- are premature, but the slSiil-ieA'
from st. Petersburg that seNS'ai
- army corps will be mooaIlzeu o''''''o
II ;s q confession that Iile ll1e'
tea and that when Stoessel SUI
Is eAle1t -, no attacking the enemy re-
- will be swarTninG into MANI - s,,t,-
So a.. half way across the seas. me Iaoi
baI"' -. hat feet has been coaled from
iiy VIZ l-a-,a~ shippers leads the Admiralty
va =. z,,s,ec- that the value OF the Btu
l . ,osrs,7- stations around IAe "oiiN
Isl -. o,e-ee+f77ated Whether the RUSSIANS
i'9 -, -,,ro,,gb the treaty law IN sesu-iis ous
80 Sea feet as easily as the! Ha I've
- ..,-5ar the law of neutrais -,
- What is evident is that I'usSi-A'' -
nv reserves are unirnpalrec' wiz
showing signs OF exhaustion
na,,s been many notable events tAlS
&C the formation Of the principal
,.-aae for the Shakespeare col!llieIIloI d 'i0
o. md the erection Of a memorial III LUZ
- NE the Albert Memorial the oal'ls
%" .te two universities and the sale OF the
-, -. ,s-e1e Al Christie's but the failure ana
~ e,,eAouent resumption OF business py mo
Tor5on and Paris Exchange have most ueepiS
-..5 ,,er in the Street This is because
,ba Stock Exchange has been sup)ecteo 'eCet'-'
..rso,s rivalry through the success OF that
.5 similar outside concerns. The members u
80 Court with all their superior prestige
80 besll forced 10 admit that the puoAc -
e., enabled 70 buy shares more cheaPly ana
III .bern 10 better advantage outside Lhah
rt+hin the regular exchange. The salvation OF
,ba embarrassed firm indicates that OUTSIDE
business on a commission basis without gam
hing on options may be safe as well as pFo1i'-
sbe The buoyancy Of the American InarAet
snd the rise in Rhodesian shares are featuFes u
,be market. and there IS one incident which
ought not 10 escape attention at Washington
This is the withdrawal Of proposals OF seIlle-
-1ent by the British holders Of Guatemala ooLoS
and the reversion 10 their full rights unoer Ihe
-r.-7gar77ant Of 1885 The defaults and acts Of
Reputation Of that government have caused us
Gust ~ Berlin and London. The Venezuela case
blockade and the Hague Tribunal has Sane
+iorad the nrinciple of preference by lombard
ment-
M Chamberlain's followers have 1eIt Ih0
stimulus OF his own hopeful spirits since MS
return from Italy. They now assert that TAR
II reform is gaining ground in the north ana
south and that the force Of the reaction against
# IS spent. Men closely connected with MIN
tell me that they have evidence that the manu-
facturers and merchants. and even working
men have been converted in large numbers to
his 7olicv and that there will be serious de-
fections from the Liberal side in the general
elections Some enthusiasts in the ChaInoef-
lain ranks are confident that the country can
he carried for tariff reform at the first attack
end even cautious organizers predict that the
Liberals if they win, will have a majority SO
small that they Will not last long, but be
dependent Irish support. The confidence or
the reformers is not yet justified by the trend
Of the by-elections. They are using, however.
with increased effect the argument that ma
uonal expenditures cannot be reduced when
the education bills are rising steadily. and
that new sources Of revenue must be found.
direct taxation having been carried TO the
breaking point. Another effective plea is that
England without a tariff is unable to take ad-
vantage Of diplomatic chances abroad. For
example, say the reformers there would be a
fine opportunity at this moment for nego-
uating q reciprocity convention with President
Roosevelt f.the Birmingham tariff of 10 per
cent were IN operation for there would be a
aass for q business settlement and a good
oafgaln for Canada might also be made. The
Liberals are convinced that the country is
with them and Will never submit 10 taxation
o. food They cannot deny that the first
"ork Of 4 Liberal government will be the ad-
IuSlment Of the education acts to the non
oChformist agitation. and that with the Irish
parry against the school question this will
ue hazardous attempt unless the majority
De large.
me TWO great universities have been en-
gagged IN a domestic conflict over the question
u making Greek optional II was a sham
D1'ue al Oxford since the proposed reform
vas partial and tentative, as it merely ex-
-p'e1 candidates for honors in science and
eitstlcs from Greek as q requirement Re
's' or previous examination in Greek
01' by ma Jority so small that It's sup
are warned that they must surrender
'0hs. It was two days fight at Cam
over the question of making Greek
g., al around and devising substitutes
49, ana was Well contested decision being
ID until the next term The opportun-
me balance of power at both uni
'e'S'ties and help the conservative They
cambridge cannot make Greek op-
orso-s "4lhout sending literary candidates to
corsa. @Hu being swamped with science. and
This 49,, the universities must act together
mi ,,a14 haction for another decade. when
-ralo man 10 per cent Of ,ba g,..huatae
the - eai use Of the study NJ c.reep en6
t7r .eoot.I masters Of the great schools and
N the national schools are con-