New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-10-16
NEWS OF TWO CAPITALS.
AFFAIRS IN LONDON.
The Critical Point for Russia-
Financial Interests Stagnant.
egv.e.al TO me Nsw-YOrs Tribune BY French Cabs.l
11..vrieat. 100. y ne rribans Assee,atlnrl

tCOpyrigat 1904; p The Tribune Assoeiatou-}
london. oct. I5.-The last battle in Man
churia is compared by many military
writer's with the great conflicts Of the
civil War In America. II it be true that Gen
.-el Kuropatl1ns advance was ordered from
&. Petersburg for political reasons, there is at
1.ast one point Of correspondence between il and
.o-,e % the earlier and disastrous forward
movements OF the Army Of the Potomac. The
,or1uarison would be more striking IL there
vsrs convincing evidence that General Grants
,oitcv OF depending upon superior battalions
ard striking one hammering blow after another
had been taken I'D n earnest but the first de-
fat instead OF being followed by a turning
,,oveueut and another battle Is accompanied
hv e retreat The FIRST theory that General
vuropatkin advanced with a flourish OF
.rumpels 10 divert attention from the iElpend-
zig fan o. Port Arthur is already discarded by
The more astute critics The japanese staff.
bsying. released itself from the embarrassment
Of having correspondents about, keeps its own
secrets TIE real explanation Of the Russian
advance probably les IN the fact that the Japan
sse army was slowly preparing an enveIoPing
movement which would have compelled the
vfthdrawal from Moukden. General kUropatkiu
was forced 10 attack and was again defeated
when he raassed fresh regiments against the
Iananese right. There IS the usual tendency "a
he English press TO exaggerate tbs extent Of
she Russian disaster and 70 multiply the signs
Of Generalization. English military writer's
ought 10 De convinced that while the japanese
seem invincihle. the Russians take lot OF beat
ing The really critical point for Russia Is not
Afanchuria which can be filed with reinforce
.uenax. but Poland. which has been stripped OF
a powerful garrison in consequence OF an al
legged secret understanding between the Car
and the German Emperor,
Financial interests are sragnant owing mainly
70 the uncertainty respecting tie American
elections. Discount rates have Suffered since
the advance OF the bank rate IN Germany ana
TIE withdrawal Of gold from the Bank o. Eng
hand is expected for America as well as Berlin.
but operators and investors are not looking
pgyond The November elections. There IS gen
eral agreement on the street that the reelection
Of President Roosevelt and the guarantee o. the
continuance OF Secretary Hays diplomacy VII
be conservative influences. trnparting steadlness
10 ell the markets The disorderly meeting o.
the Chartered Company caused disturbance n
the South African market and the ruInored
resignation OF Lord Miner increased the depres-
sion. especially as the official CONTRADICTIONS
were not accepted as sincere
The reception OF the Archbishop OF Canter-
bury IN America has been followed with warm
interest in England. The utility OF his work as
an ambassador q peace and good viii Is fully
recognized even by the Nonconfor1ltst press
The Archtishop's prestige IN England viii be
greatly increased by the tact and discretion
shown in his American visit Heretofore he has
been regarded as a safe rather than brilliant
primate.
Sir wilfr1d Laurier and Mr.. AsQu.th have
been helping Mr.. Chamberlain this week Sir
Yilfrid Laurier has shown By his speeches n
Canada C7at The offer based upon British pref
srence Tor food supplies was made at the last
conference. AIr. Asquith, who VIII probably
be Chancellor Of the Exchequer II the next
LIBERAL government, has virtually closed the
door against any conference OF the fiscal ques-
ton Mr.. Asquith Is a logical Free Trader.
since he perceives clearly that NJ. Cooden's
cause VIII be tnperilled = the colonies are al
lowed 20 state their views ana make definite
offers az another conference, but he has gone
further than Lord Rosebery. who IS an I'm
periaUst and is not unwilling 10 have a confer
ence Il the colonies ask for one and consent 70
exclude taxes on British food supplies and raw
material, and Lord Rosebery IS the only leader
or the Liberal side who appeals strongly 10 the
public sympathy for support. The tariff
iIruers are now asserting that The colonies
have ground for complaint OF cool treat nent
when the Prime Minister suggests q mandate Tor
holding a conference from an electorate Ger
tainly hostile TO the present government AMI
TIE next Chancellor o. the ExcheqUer issues
suspensive veto upon imperial assembly.
Tactics are raomeatarily more important than
the great issues OF the empire
The Celtic and other steamships are carrying
q large c,.rtingent OF members OF the Iron and
Steel Instu-Ae 10 America John Morley. Sir
Walter Foster and Sir James Kitson are also
crossing the Atlantic 10 visit washington, St
Louis. Niagara and New-Eork and TO witness an
American Presidential election. Andrew Car
negie, who is accompanied by four ex-presi-
dents OF the Iron and Steel Institute, has kept
out OF london since June and entertained friends
IN Scotland. Tie pressure upon him from Eng
hEh institutions and charities Of all kinds has
been great, but he has restricted his benefac-
lions this season.
Mr.. Morley IS not IN vigorous health, the
strain OF the work on the Gladstone biography
having exhausted him. There have been per
Estent rumors OF his conversion TO the Roman
Catholic faith. These are based upon his occa-
EiOnal attendance At oratory near hts Lon
don residence The reports are contradicted by
his political and literary friends.
Edwin Abbays coronation picture painted for
the King. has been greatly admired by the
members OF the royal family. The King has
sale II Is The best picture ever painted Of any
coronation. Il has been IN Buckingham Palace
his week. but win be publicly exhibited In the
course o. 2 fortnight. II represents the corO-
"Auon group al the moment when the crown
was placed on the Kings head and the coronets
q ne peers we're raised. and is sun OF action
el0 heautful IN color. Engravings OF the paint
N's VII cost twenty guineas
- IT.