New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-10-02
NEWS OF TWO CAPITALS
.fFF.fIRS IN LONDON.
Deficit IN Estimates Death of Sir
H'HLiam VernOn-HarcOurt

ing directly toward a deficit in the estimates
rext spring. The mortality among rich men
has been exceptionally light. and TIE signs OF
poor business or the Stock Exchange and the
shrinkage Of spending among working people
are multiplied
The Daily Nail, accepting the warnings OF the
leaders Of the Salvation Army. concludes that
there win b. hard times in the metropolis dur
ing the winter and that systematic measures
must be adopted for protecting the homeless and
feeding the hungry. The financial experts find
some ground for encourageme in the stimulus
given the coal and iron industries by the con-
rinuance of the war and in the favorable out
look for cotton and other textile trades. The
railway returns are also better than the Official
forecasts, and there is a prospect OF increased
dividends IN January in many classes OF indus
trials The impending collapse OF the rate cut
ting war IN steamship traffic is also considered
a good sign since the shipping interests OF Ger
many. England and America alike have suf-
fered from the ruinous conflict. Financiers are
confidently expecting speedy settlement OF the
Scandinavian and Hungarian emigrant contro-
versies between the German and the Cunard
lines and assert that the influence Of Mr.. Ismay
and the steamship combination is strongly ex-
erted in that direction.
The business men on the street DO not conceal
their hope that the Republicans VIII carry the
American elections They dread the disturbing
erect Of the protracted period Of uncertainty
which would follow Democratic success and the
revival of tariff agitation.
Americans have lost ole Of their most dis
Interested friends to-day in Sir william Yer
non-Eareourt His health had been feeble
since the opening Of the year. and he had been
forced 70 remain silent in Parliament and aban-
don his favorite recreation OF writing letters 10
The Times on religious questions hut me- end
has rome suddenly. well as peacefully He
had received visits at Nunehan from numerous
friends in the summer. and the American Am
hassador who greatly admired him. was one OF
the last callers by motor car. sir William Yer
non-Harcourt was almost he only survivor OF
the old style Of parliamentary orator. and he be-
came extremely popular IN his old age with the
members q the Commons. A. hnancier OF orig
inal force, he created new sources OF revenue by
radical. almost socialis,ic estate duties and
then he was forced TO look on while the Union
lists expended the surplus in wars and arnla-
rnents. Before The decline Of his health ne was
the only antagonist capable OF standing against
Mr. Chamberlain. He was steadfast friend II
America throughout his career and never neg
leoted an opportunity for promoting good feel
inE between the countries His closest polit-
real friend was John Morley but he also main
tanned close relations with Nj Chamberlain.
Er William Vernon Harcourt was deeply con-
o"rned in the sudden. almost tragic illness OF
Lady Curzon, and was relieved bv the more
favorable bulletins from walmer in the last few
DAYS.
The marriage handicap ard other vagaries Of
midsummer madness no longer occupy inane
Journalism and vacant minds An unusually
large number OF important subjects are dis
cussed by the press. The tragedy Of PORT Arthur
Is pro-eminent FOR appalling horror. The des-
perate valo- Of the assailanta and the defenders
jUstifes he claim OF each combatan- tia.
enough has been done for national glory ana
racial pride and inspires the hope that wars
may become impossible through the agencies of
utilization. The Institute 81 International
Law. holding learned sessions a. Edinburgh
has avoided the discussion % neutral rights
contra band goods, the opening OF q campaign
without a declaration of war. and other con-
troverssI themes. The astute juristg attend
ing the session admitted that President Roose-
veits short announcement that second peace
congress would be called was more important
than the combined wisdom Of the experts No
cues have been received from the Foreign
Once or the Prime Minister. but no writer for
the press doubts that England win follow the
United States into another peace CONGRESS- and
cooperate with il in minimizing the evils OF
war. While disarmament Is as impractical bile as
when the Gar wrote his famous rescript and
another congress ct The Hague is not needed for
improving The mechanism OF the arbitration
tribunal the best Informed writer's agree that
there is work enough or another session. The
revival OF the American proposal for exempting
al private property from seizure al sea, the
Precise definition OF contraband 81 war the
adoption or measures FOR the defence Of COM
mere and the restriction Of hostiiities 10 the
actual theatre % war are regarded ques-
ions which President Roosevelt can lay before
ne second peace congress.
The sharp correspondence between Lord Rose
berry and Mr.. Chamberlain has drawn the colo
MES into the tariff reform discussion. Both Sir
Wifrid Laurier and the Australian political
leaders have made il clear that the colonies
are eager for preferential treaties Of commerce.
Mr. Chamberlain has a technical advantage
as the result Of this correspondence since the
exgencies OF colonial politics compel the lead
rs In Canada and Australia 70 come out strong
" Tor preference. yet il is doubtful II the whole
truth has been told about the last imperial con"
ference Mr. Chamberlain while sympathetic
win the cause OF reciprocity in trade be-
tween the mother country and the colonies
vas persistent IN ar attempt 10 commit the
visiting Premiers 10 the policy OF colonial con-
iributOns 10 imperial defence. Sir Wifrln
LsurieT was strongly opposed 10 this policy The
colonies, by the original Chamberlain plan'
Mould have paid I'm imperial ornaments for
sgery advantage derived from preferential trade
Lord Dunraven's scheme Of Irish political re-
'oTm Is already Uateriogged and abandoned as
aderelict. Y was badly ballasted. and the de-
Sinners measures were grossly inaccurate. Not
outstanding ar. Wyndhams Reputation OF this
substitute for 1fr Gadstone's Home Rule
scheme. the Ulster Unionists and English Tories
NeFe badly frightened by the proposals, which
Strengthen NJ EeSunond's hands while appeal-