New-York tribune., 1906-12-02
ENGLAND BRIMMING OYER
WITH PROSPERITY.
rspeciaI by French Cable TO The Tribune
,copvr.sht 1906. BY The Tribune Association J

Nth prosperity. The money nlaIhet 10 AAAA+'
.,nplied with floating credit and the Bank OF
r-.r,snd finds II SO difficult to enforce high
-s.-ges that an early reduction in the rate or
,rarest is probable The last return shows
.ha. the bank reserve IS higher than IL was at
~, onentnr of the year. and that financiers
x.ra been overanxious about the depletion OF the
-rd srppIies Well informed bankers assert that
.he recent Withdrawals OF gold have been caused
br Toudon financial operations for various for
&C., accounts notably American, Russian and
Brazilian and that the strain has been in
.,aased by the abnormal demand for money due
- overtrading at home. Further trouble is not
.vnected unless gold production in South Africa
=. materially diminished by the withdrawal Of
chinese labor and the difficulty Of replacing It
consequently no alterations in the banking sys-
.e-n are looked for. although Mr.. Asquith is re-
,o-+ed 10 be moving IN the direction of one
or,5 banknotes. The high rate for money
bee diverted investors from home TO foreign and
colonfal securities, and cheaper money will be
welcomed The meetings OF the joint stock COM
narfes disclose unusually profitable business
with increased dividends. The iron and steel
trades are .phenomenaliy prosperous and textile
industries are fourishing. The Wall Paper Trust
has declared S per cent, and other combinations
are equally effective The newest one Is in the
electrical trade with headquarters at Birnng-
er4 manufactured on & large scale for electric
Lighting Two firms remain outside. but the
orhers have pooled their interests. raised prices.
and secured control Of an important industry.
ACTIVITY OF THE GOVERNMENT.
The government, reinvigorated by the Hud-
dersaeld election. IS forcing measures through
the House Of Commons and concealing its eager
ness 70 come to terms with the Lords on the
r,aucatfon bill. The Lords themselves have SIM
rTfed without materially reducing. the demands
for facilities for religious education, and are
making 2 strenuous stand for the liberties of
teachers. The peeresses crowding the gallery
daily are clearly interested, but there are signs
of apathy outside the House which ought to
warn the extremists on both sides that the coun-
try is weary of haggling over an artificial con-
rroversy. The government cannot with dignity
accept any compromise which exposes teachers
10 religious tests and impairs public control OF
the schools. The Lords VIII open an inquest on
Nj Balfou-'s Education act next week the
West Riding appeal The Intentions of those
who advocated that bill were plain The point
which The law Lords VIII settle is whether they
carried out those intentions, or did what they
did not mean TO do. The post -mortem on the old
Dill and the attempt TO kill of the new bill occur
Simultaneously. a strange commentary on mod
e-n methods of legislation
CCQUETTTYG WITH SOCIALISM.
Both The main political parties are coquetting
openly with socialism. The Tories are on friend
y terms with the Labor party. and are encour-
aging the leaders TO break UP the Liberal party.
The trend q Liberalism is toward the Labor
section and advanced radicaIisn. The report OF
the committee on income taxation is a forecast
IF the next budget speech. The reductions in
favor Of people Of moderate means will be made
Up by increased levies upon the wealthy class.
There is an echo here Of what used TO be called
~raason" The separation Of earned incomes
from invested or inherited wealth viii be a con-
oessi0n 70 the long suffering middle class. The
next budget VIII be q great event The rumors
Of the reconstruction Of the Cabinet come mainly
from the Tory mischief makers. but the ministry
is not united on Irish questions and some
changes seem inevitable in February.
4NB4SS4DORSHIP UNSETTLED
The Daily Mail" ardently seconds the nom
inaJion Of a representative Canadian as a Brit
tsh ambassador al Washington. The appoint
1leIt q q Canadian would be proof that the
imperial government instead Of directing the
diplomacy Of the empire, was farming il out
second hand 10 the colonial considerations. II
Is vel understood that the Washington post
has been offered 10 q trained diplomat, who has
asked time for considering the matter. The
persistence with which the subject has been
taken Up by the rumOr mougers may force the
government 10 make a more important appoint
meEI than was originally contemplated. There
Is less talk about Lord CUrzon since It became
known that he has purchased the Priory.
surr=y country house, formerly tenanted by
Captain Grevil-e where the King has been
entertained several times. The American Am
hassador and Mrs. Reid are having a final week
e. Wrest Park before sailing on Wednesday for
America The Ambassador viii return in Janu-
aTy. bur Mrs Reid win make d longer visit
THE RCHOR MONGERs Busy.
The runor mongers are playing at cross pur-
poses in rraf1ckiug in royal movements. The
Berlin story that the German Emperor will visit
England in the spring is quickly followed by
French invention that King Edward will go
10 Biar-i-z and Spain. A visit of the King Of
Denmark 10 England has been arranged, but
me other announcements Of royal plans are
premature The most grotesque invention is
iHe fiction that Prince Arthur Of Connaught will
succeed King Peter on the bloodstained Servian
throne and thar Nathalie. the former Queen Is
coming 10 England 10 arrange the business
Ih@ Duke and Duchess Of Connaught and the
Princess Patricia win start for Hong Kong early
IN January and return through Canada. They
'll receive naval honors from the British
squadron at 8iarseilIes and the japanese fleet
al Hong Kong.
ART NOTES.
Sir Joshua ReynoIds's picture OF Lady Cockburn
and her children has been restored to the Ma
tional Gallery under the will Of Alfred Belt,
Who paid $1,000 for It. Eugene Boudin's Be
tween the Piers at Trouville' is a gem Of mod
eTn French iupressionism which now adorns the
smaller French room. having been purchased by
n.y.