New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-17
WORLD AFFAIRS VIEWED BY OBSERVERS ABROAD
WHAT LONDON THINKS OF
NELLIONAIRES' FURRY.
Tsposial BY French cable to The Tribunal :
Copyright 1907. By The Tribune Association

Ecopyraght 1907. By The Tribune AssOciatiOn-l
London, March 16.--The millonaires' furry
A America has caused more excitement than
damage on the London Stock Exchange. Money
has been so dear here for long time that spec
ulation has been light and the market well pro-
tected Consols fell to the lowest point since
1913 and Tory partisans were enabled to revile
the Liberal government for plotting against the
interests OF investors. Such criticism was as
unreasonable as the diatribes against the mems
clubs because the Servant Reform Club had
raised money on Sir Henry Fowler's jewelled
decoration. OF the slashing attacks on smart So
ciety because former convict lord IN pawning
his wife's Jewels had played a trick on the
pawnbrcker. Consols are cheap because inves-
tors want more than 2la per cent for money.
Those conversant with the American situation
DO not accept the view that the millionaires are
wrangling among themselves or trying TO
frighten the President or the country with a
slump IN values. They assert that America,
while phenomenally prosperous, has trans
portation problem OF enormous difficulty and
that the resources OF railway management are
exhausted If solving it.
THE GOVERNMENT DRIFTING.
The Liberal government is drifting on the
sluggish current without signs Of leadership. If
the Prime Minister knows what policy VIII be
adopted in dealing with the House OF Lords the
country is not taken into his confidence. Sir
Edward Grey is managing foreign affairs with
consumnate ability. His vindication OF Ad-
rliral Davis IS complete and Governor Swetten-
hams friends are III advised in attempting 10
drag his correspondence into the light. Lord FL
gin IS moving IN the direction OF Sir Frederick
Pollock's modest plan for imperial confer
ence as a representative body, meeting occasion
ally for consultation with the home govern
ment and having a permanent London STAFF.
Mr.. Haldanes army reform scheme is not max
ing much Roadway. Lord Mlner explained at
q public meeting last night with cogency his
counter scheme for national service involving
universal training. Lord Rosebery was easily
defeated at oxford Tor the chancellorship when
the country parsons whose names are always
registered. swarmed IN to vote for Lord Curzon.
One sequel OF the London elections has direct
interest for Americans. The London Northwest
Railway directors are charged with subscribing
Zoo to the funds for the municipal reformers
ana SURPRISING the item IN their published ac-
counts. II was not a large contribution TO the
war chest against the Progressives. but # was
proof that business corporations could not keep
out OF local politics In England. and that share
holders were not always allowed 20 know what
was going on
PLANS OF EMPRESS MARIE.
Empress Maries plans are not proclaimed IN
'arhe Court Circular" but Il Is rumored that
she win accompany Queen Alexandra after her
visit 20 England and stay for several weeks at
Athens. The royal sisters have been doing
London with the energy OF American tourists.
and have made the rounds OF the theatres.
which need a royal FLIP during the Lenten sea-
son- Lectures have become a FAD with the
smart set a Lenten form OF entertainment
DR.. Emil Reich was the only social refoTmer 81
the Geld last year. Now there are two bishops
and half a dozen literary men available Tor
drawing room talks. The Duchess OF 6uther-
land. Countess Dudley, Lady Troubridge and
other hostesses have introduced these literary
Eat homes" The Downing street residence OF
the Home Secretary has been the scene OK a
dance with two hundred guests. There are now
about dozen Liberal hostesses entertaining for
the good Of the party, Lady Crewe and MrE.
Harcourt being among them. Sir Henry Nor
man, whose mission to America after the Ven
ezuela affair wss e genuine peace measure, Is
engaged TO Sir Charles McLaren's daughter
Priscilla. an accomplished musician.
ART SALES, BOOKS AND THEATRES.
The sale of Sir wifrid Lawson's engravings
has proved that prints when well selected are
q profitable investment. Astonishing prices
The Nassey-Alainwaring collection Of snuff
boxes and objects OF art. miniatures. silver and
pictures IS running up TO high figures
Longmans has brought out Henry ".
Macrosby's THE Trust Movement in British
Industry" which comedies that combinations
are not unknown in free trade England. THE
Athenaum' closes a favorable notice OF Pro-
fessor Laughlin's Berlin lectures with an ex-
preston Of regret that England does not have
the advantage OF receiving official visits from
American professors Of economics. Queen Vic
toria's letters. selected by Arthur Christopher
Benson and Lord Esher from her correspond
ence with King Leopold. ministers and public
men. are now coming from Murrays. The
extracts range from her accession to the death
OF the Prince Consort. and reveal the writer's
strong personality
Mr. Tree has revived THE Red Lamp" at His
Majestys Theatre before an enthusiastic audi
snce. and produced with it The Van Dyck," a
dramatic episode in single act. IN which he is
Supported admirably by Weldon Grossmith.