Omaha daily bee., 1907-08-25
Foreign Investor Looks Well Before
Tying Up His Money.
CAPITAL DIVERTED INTO TRADE
Commercial Enterprises Offer Much
Advantage to Traders.
MUNICIPAL LOANS ATTRACTIVE
Great Britain Not only Country with
stable Government and Funds
Have Come TO United
states.

LONDON, Aug. A.-(special)-The un-
precedentedly low price that consols nave
touched accents the fact that has been
obvious for some time that the public no
longer regards English ~ per cent stock
as the one ideal investment. The Interest
is low, and the security offered is no
longer much. IL any superior to that of
other stock yielding a more satisfactory
return. Great Britain is no longer without
rivals for It's commercial supremacy. nor
does II alone possess a stable government
Consequently, the foreign investor is not
so eager as he was to tie up his savings
in an English stocking. He keeps his
money in his own country, and English
men no longer profit by the thrift Of the
whole world. In addition there remains OF
course the immense and often reckless
borrowings by municipalities. The NUM-
cipal loan is comparatively well secured
and attractive in the interest offered. and
a natural result of the outburst OF mu-
nicipai trading with its consequent mu-
ncipal 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.
Result of Trade Boom.
Another cause for the low price is the
trade boom, which has attracted capital
into commercial enterprises, and has made
II advantageous for the trader TO reinvest
his pronts in his own business. This boom,
which has occurred to some extent in
England, has been phenomenal abroad and
an immense amount OF English capital has
N.N- A.
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
member OF Parliament. gives his impress
\ sions of the House of Commons as fol-
lows: After listening to a lot OF speeches
there I am convinced that II you want
samples of third-elass intellectual medioc-
rity you should go to the House. Much &
bad in quality and stuff not worth discus
sing. 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. II conventional tradition
stands in the way OF progress. we want
party which will say boldly. Let the tra-
ditional precedent OF the House perish We
Commons We are advised to advance i'm
perceptibly'-to go at a snails paoe-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 II their duty to oppose us will either
have to succumb or be swept away by It,"
Dancing a Solemn Rite.
ers met at the Hotel Cecil and sternly de-
nounced those feather-headed people whose
dancing is a mere romp. To the minds OF
the Imperial Society of Dance Teachers.
dancing is a solemn rite to be INDUCED In
decently and In order. This is anotheer
proof that the English take their pleas
ures sadly. and it Is evidently due to the
refining influence of the Imperial Society
OF Dance Teachers. II is good news that
the Imperial Society of Dance Teachers
has discovered four new dances. Two Of
them have been imported from Hollan l.
though we are not told IL they are danced
TO that captivating tune, by the Side OF
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
which demands great speed and much heel
and toe. Doubtless before next season we
shall have motor polka records, and
for the safety of the less agile, speed lin
Its for ball rooms The Cecilian waltz is
the mystery OF the Imperial Society cf
Dance Teachers. No one knows how to
''cecile~ and the secret is to be kept from
an anxious world until the Imperial Society
of Dance Teachers is ready to give 1t out.
Finally, there Is the Esperanto waltz. It
must he something internatonal-a Span
ish dance accompanied by German band.
or an old English dance performed to the
rhythmic beating OF the tom-tom. The Ce-
Gillian waltz was invented by r. NJ.
crompton. president OF the society. It Is
expected to be the catch OF the winter sea-
son. Mr.. Crompton says that the Cecilian
waltz strikes a quiet note OF ultra-rehno-
ment There is little Of that vulgar clutch
ing OF the waist OF recently introduced
damsel about the new dance. The part
ners stand side by side as In the barn
dance, to which the "Cecilisn" bears a
genteel resemblance. They advance. per-
forming waltz-like evolutions with their
feet for a few bars. A graceful hanking
movement follows after which the part
ners face each other and progress back
wards" Sixteen bars OF music go to the
complete evolution, and during the last
four bars only do the partners come to-
gether IN true arm-and-srm waltz fashion.
Trainmen Poorly Paid.
The position OF affairs on the railways
of Great Britain. so far as wages and
conditions OF labor are concerned. is be-
coming serious. Those best acquainted
with the feeling OF the men say that an
explosion may take place at any moment.
II is believed 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 50 at once
A spark anywhere would set the whole
country I'm. blaze, and holiday-makers
might find their travels seriously ham
pered The union has about 10000 mem
-. b,nt thara Il M hnt,ht ahnr L..