Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-08-25
LONDON NEWS LETTER
Comment Over Low Price for
English ConsoIs.
"A DIVERSION OF CAPITAL
Growth of Socialism Disturbs the In
vestors.
SOME IMPRESSIONS OF COMMONS
Dancing Masters Evolve New Figures
For Winter Functions-Railway
Employees Unrestful.
SOME IMPRESSIONS OF COMMONS
Special Cablegram to The Star.

Special Cablegram to The Star.
LONDON, August 24.-The unprecedent-
eddy low price that consols have touched
accentuates the fact that has been obvious
for some time that the public no longer re-
CARDS English 21e per cent stock as the one
Ideal investment. The interest Is low, and
the security offered Is no longer much If
any, superior to that of other stock yielding
more satisfactory return. Great Britain
is no longer without rivals for its CONNER
cial supremacy. nor does 1t alone possess
stable government Consequently, the
foreign investor is not SO eager as he was
to tie up his savings in an English stock
ing. He keeps his money in his own coun-
try, and Englishmen no longer profit by the
thrift of the whole world. In addition there
remain. of course, the immense, and often
| reckless, borrowings municipalities. The
municipal loan Is compare ,-vely well Sc
cured and attractive in the interest offered,
and a natural result of the outburst Of
municipal trading, with it's consequent mu-
nlclpal borrowing. Is diminution in the
number of potential buyers of consols. I'm
doubtedly, too. both the foreign and the
home investor are made nervous by the
advance of socialism and the doubt as to
what will be the next eccentricity of the
present British administration.
|. Another cause for the low price is the
trade boom, which has attracted capital
in.o commercial enterprises. and has made
1t advantageous for the trader to reinvest
his profits in his own business This boom,
which has occurred to some extent in Eng
land. has been phenomenal abroad and an
immense amount of English capital has
been drawn into American investments
The figure at which consols stood for years
was obviously impossible of permanence
when the commercial life of other nations
developed
Mr. Victor Grayson, the new socialist
I'M
pressions Of the house of commons as fol-
lows: After listening to a lot of speeches
there 1 am convinced that if you want
samples Of third-class intellectual medi-
ocrity you should go to the house. Much
is bad in quality and stuff not worth dis
cussing, and the time is being squandered
by people who do not want social reform.
Our present system is rotten from the core
to the bottom. If conventional tradition
stands in the way of progress we want a
party which will say boldly, Let the ira
ditonal precedent of the house perish We
want north wind to sweep through the
commons We are advised to advance i'm
perceptibly'-to go at a snails pace-to
take one step at time. Surely there are
some young enough to take two steps or
more at time. We are the only move
ment who are moving at all. Those who
feel it their duty to oppose us will either
have to succumb or be swept away by it."
New Dances for Next Winter.
The Imperial Society of Dance Teachers
met at the Hotel Cecil and sternly de-
nounced those feather-headed people whose
dancing is a mere romp. To the minds of
the l. S. D. T. dancing is a solemn rite to
be INDUCED in decently and in order This
is another proof that the English take
their pleasures sadly and 1t Is evidently
due to the refining influence of the I. S. D.
I. 1t Is good news that the I. 8. D. T.
has discovered four new dances. Two of
them have been imported from Holland,
though we are not told If they are danced
the Zuyder Zee" The first is called the
Apollo and consists of gliding, sinuous
movement" apparently a sort of snake
dance, and the other is the motor" polka,
and toe. Doubtless before next season we
shall have motor polka records, and,
for the safety of the less agile, speed limits
for bathrooms. The Ceciian waltz is the
how to "cecile," and the secret Is to be
kept from an anxious world until the I.
s. D. T. is ready to give it out. Finally,
there Is the Esperanto waltz.
1t must be something international-a
Spanish dance, accompanied by a German
band, or an old English dance performed
to the Rhythmic beating of the tom TOM
The Cecilian waltz was invented by R. NJ
Crompton.' president of the society. 1t Is
expected to be the catch of the winter sea-
son. Mr.. Crompton says that the Cecilian
waltz strikes quiet note of ultra-refine-
ment. There is little of that vulgar clutch
ing of the waist of recently introduced
damsel about the new dance. The partners
stand side by side. in the barn dance to
which the "Cecilian" bears genteel resem-
blance. They advance, performing waltz
like evolutions with their feet for a few
bars. A graceful fanking movement fol-
lows after which the partners face each
other and progress backward" Sixteen
bars of music go to the complete evolution
and during the last four bars only do the
partners come together in true armand
waist waltz fashion
The position of affairs on the railways of
Great Britain. SO far wages and condi-
tions of labor are concerned. is becoming
serious. Those best acquainted with the
feelings of the men say that an explosion
may take place at any moment. 1t is be-
lieved that certain sections Of the men in
the industrial districts are ready to hand in
their notices. some of them being more than
anxious to do so at once. spark any
where would set the whole country in
blaze and holiday makers might find their
travels seriously hampered. The union has
about 10000 members. but there Is no doubt
that 1t has the sympathy of many Of the
non-uaion men. A great railway strike
would have little chance Of success, but 1t
might seriously handicap the trade of the
country, and In the present temper Of the
men that is to be feared
Old Country Seat Dismantled.
Trentham Hall. the seat of the Duke of
Sutherland. who is being driven from his
home by the refusal of the local authori-
ties to purify the Trent, which flows
through the grounds. is now being disman-
tied. 1t has, however been dismantled be-
fore. The Duke of Sutherland Is, like the
Duke of Bedford. the Duke of Devonshire,
the Duke of Somerset. and some other
ducal magnates, "a church duke" the pos
SCISSOR of lands of which the Catholic
Church was despoied at the reformation"
Trentham Hall was the "Brentham' of
Lord Beaconsfield's novel "Lothair."
In the discussion in the house of lords on
the butter and margarine bill Lord Onslow
amusingly illustrated the difficulty of get
ting margarine called anything but butter
"A committee that considered he question
at one time" said Lord Onslow did not
know how to pronounce the word marga-
rine.' so they called in a waiter from the
refreshment department to decide the mat
ter.
DO you call that margarine or marion
ine2' asked the chairman.