New-York tribune., 1907-09-08

English political party should deliberately desire
sanguinarv war in order to cling to oftlce
The destinieS of this Empire replied Lord Don
castle rising cannot be Swayed by taC1le hurraT-
tariansm Moreover, in desiring an immediate war,
we are actuated By the highest motives All ouI
continental agents tell that at the present noiet
France must win in a struggle And France ought
to win. Her army in admirable condition whereas
the forces of Germany are suffering from a pau
attack of vanity and COnCeIt. The herman WdI
cabinet IS we'll aware of this. and few years VIII
have once more attained superiority over the freiCH
army The fight must come sooner or Later ana Il
II comes later France would lose.
Il have | trust made 1t clear TO YOU all tEat al
though there are doubtless many men IN tI1e CITY
who could save us if they given time, there IS
only one man who IN the time az our us
DosaI-C rampron who IS 70 be counted among INC
financial geniuses of the century. Cranplron now
ever condemned to death What therefore Is g -
be done? 1t appears that our line OF acton IS
So obvious that | scarcely need indicate It his
Majesty must be requested to repreve CraInPlron.
The Cabinet staggered into muteneSS-
But CrampirOn IS guilty Cramplron mas CON
fessedi" BOtt protested, shocked
What OF that We have to think OF the En-
Dire said Lord Domestic. leiSurely sitting down
The Opposition press will have something TO say
and there Will be rude questions in the House Said
Luck
attend to them personally" replied Lord Domestic
In the lower house Mr. Bott will Doubtless
"I 1t Is monstrous monstTousi cred bott break
ing with all traditions of Downing Street decoruIIl
The scene was Just beginning to provide Elscount
Somersets shire with that amusement which ms
cvnicism loved. when diversion was caused oE
the arrival of Sir John PreSter. Chancellor OF the
Excheduer breathless He had come from the city,
where he had mutifarlOus connections HIS nephew
lack Prester, governor OF the BANK OF En8lahi
There IS a real panic. he SAID There IS no
genuine gold reserve in this country The business
men of this country depend the JOINT stock banks
and the joint stock banks depend on the Bank OF
England There are FIVE hundred millions OF private
deposits with Joint stock banks and when everyone
wants to realize at the joint stock banks must
20 TO the Bank Of England for their cash VII they
get it? No The Bank of England has lent It again,
and has less than million and halt as an ultimate
reserve against a possible call of five hundred
millions The bank rate will go up two per cent
and the bank will refuse 70 do the very thing II
ought TO do TO restore conhdence.-end money
freely from the twenty millions lying IDLE N rs ISSue
department
Doncastle rose again. Gentlemen he said
Sir Johns very grave news confirms me IN my m
tention of urging YOU adopt a heroic course
There can be no doubt that this lamentabe financial
crisis has been largely brought about by the uncer
taintv as to the CrampIrOn business and Oy fears
as TO the course Of politics IL IS tor US 70 Sho" i
decided and determined front. give the country
a lead | shall put the two alternatives before YOU
If We act with prompt courage. we shall enable
Crampron from his prison not only to prove 70 the
CITY that his business sound assuredly IS but
TO conclude finally the Moroccan loan We shall
bring about d which must ultimately come. at i
moment peculiarly favorable 70 France, our ally
1t IS true that France does not want war, but IN
this case we can. quality Of friendly observer
Judge better than she of what IS best tor her
Germany will be defeated. and her outrageous am
bitOns her dSqueting rivalry with ourselves, deh-
niteIy checked The last Franco Ierrlan var
proved to be an unmixed benefit for British COM
nlerce: and the next viii undoubtedly prove 70
be the same Nothing Is better calculated to stop a
panic IN the city than the assurance OF Franco
German Lastly, We shall remain IN office tor
at least another year and shall be able 10 continue
without fear our benehcent program OF legislation
But" began Bott.
Pardon me" Lord Doncastle raised his finger
On the other hand. if do not act the panic Will