New-York tribune., 1905-07-16
WORLD AFFAIRS VIEWED BY OBSERVERS ABROAD
BRITISH JTNGOES PTOUED
By KAISER.
Especial By French Gable to The rr.suaa,


Copyrighted. 1905. by The Tribune AssOciAtiou-)
London. July 15-The selection Of NJ witte as
a uegotiator between Russia and Japan is well
coined throughout Europe as sign that peace is
coming The pessinists do not conceal their
doubts as 20 the success Of his work since the
Car does not Ike him and the grand dukes viii
intrigue against him The sounder opinion Is
that the choice Of NJ. Witte IS in itself victory
for peace. since neither the Car nor the grand
dukes would have turned TO him # they had not
been IN desperate straits and been forced to
recognize him the only peacemaker. II. Witte
is a hnancier. and peace is now mainly a matter
OF money. Let the amount OF the indemnity be
settled and the negotiation Of peace becomes a
question OF detail The japanese government
Will insist upon having saghalien. Port Arthur
the control Of the Manchurian Railway and 8
large indemnity; but it may not claim vladvo-
stok- II will offer IN return alliance with
Russia a working arrangement of some kind
respecting China. This is the most authentic
account OF. the japanese demands which reaches
me AS have said. the indemnity offers the
greatest difficulty. and NJ Witte is the ablest
man 70 work II out
MARKETS STEADLER
The improved prospects Of peace have had
steadyiag effect on various markets. The Rus
sian and japanese demand for coal, war
teriaI and textile goods is falling off already, and
imports TO those countries will likely diminish
in the next twelve months. At Cardiff the rumors
that German syndicate has been formed for
the purchase Of the control Of the Welsh col
ueries in the interest OF Russia are discredited
as soon as printed. The Lancashire cotton in
dustry has not been affected BY American specu-
lation. but manufacturers are warned that for
eign and Indian markets may easily be over
stocked in the early future with the resumption
OF work in Southern Russia and in Japan. The
London sales OF wool have shown that American
buyers have secured fun supply and that nigh
prices for raw material maintained with
difficulty. The Bradford trade is longer
frightened by talk about an American corner in
the wool market while large orders by Japan
have been placed recently In Yorkshire
shrinkage in the export trade must follow peace
4NGLO-FRENCH FELICITY.
The splendid naval demonstration OF Anglo
French good Will at Brest has been followed with
mixed feelings here and especially so when the
two seuadrcns were combined as one feet The
satisfaction over peace with neighbor that had
been long estranged was attended with regret
that a naval campaign against Germany was
averted by a compromise over the Morocco con-
ference There viii never be better chance"
nutters every high spirited lingo under his
breath The fact that the French government
with lucid intelligence has fully protected its
own interests in Morocco and that Germany will
not benefit materially by a conference does not
reconcile the aggressive English onlooker to the
situation He knows that the opportunity for
irupairing the influence Of Germany has been
lost through French caution and that the Ger
man Emperor has demonstrated his power on
large stage and won diplomatic points.
THE MILITARY CRITICISED.
II has not been an opportune time for
hibittng any public dissatisfaction with the re-
suits OF the army reorganization. but paTtisans
have rot been able 70 resist the chance Of prod
ding Mr.. Arnold Forster over the treatment OF
volunteers The government narrowly escaped
defeat for with better whipping the Irish
side II would have been outvoted, as the Rose
} berry government was on the cordte question
With singular faulty army retormers and
military critics are choosing the moment when
/ two great deets are locked together in loving
/ embrace for a demonstration that the military
/ system has broken down and that England Is
I utterly unprepared for q land campaign
POWER OF AMERICAN GOLD.
The English theory that Americans will pay
anything for what Is rare or unique Is supported
1 by the auction price OF a Quarto edition OF
! Shakespeare King Richard III Every page
was time stained and least half OF the leaves
I were scorched al the corners: but u1usty and
/ unpromistng as this copy looked Il brought
/ & $50 because an American collector wanted IT
1 for shakespeartan library already famous II
/ was found IN g village near London There are
only two other copies IN England. and this one
Ia. the autograph Of William Penn's father.
I An American purchaser has not yet turned Up
for The Titan portraits from ehe Chigi and Bar
beriui galleries in Rome The dealers are asking
/ sI25.o0o for each.
/ Dean Armitage Robinson has made an adroir
/ defence OF the changes proposed for the uonu-
rents in Westminster Abbey, LORD Salisbury s
family prefer recunbeut efigy Of the statesman.
after the style Of the early monuments built
/ when the Cornwall naval monument was erected
and the ancient screen was pulled down
The dean wishes 70 restore the screen and insert
/ in Il an efigy resting on a tomb He would
/ reconstruct the Cornwall monument near the
present site move the Craggo memorial to a
/ more convenient place. turn Fox toward the
vV1ig corner. give a lift TO the Howe monument
| and make some other changes He describes
/ this as another in a series OF rearrangements
which have been required from time TO time IN
/ the abbey and iustthes II q restoration OF the
ancient order Of architectural effects. which was
( inter4ered with in the eighteenth century when
the windows were darkened and masses Of
masonry were introduced as supports for huge
/ monuments
ar Y17TrayCT III 1T