, 1910-05-11

business because there is no demand. but a
~stagnation rather than collapse. Consols
touched their lowest since 1S4S, but reacted.
The boom is probably killed. The capital
issues and loans hanging over the market are
necessarily delayed and will embarrass specu-
lators in oil and rubber particularly and con
sequences may possibly be serious unless
strongly controlled.
There are two opinions regarding the
political effects, that contention rather than
reason is the basis of the constitutional
struggle, and that the Kings death bears
such a resemblance to martyrdom that popu-
lar sentiment will perhaps impose a restraint
upon politicians wrangles. A truce is the
minimum consequence, and postponement Of
q general election is likely. Issues are rather
narrowed than widened, and a moderation of
sentiment rather than an inflammation a
compromise is also more likely; possibly the
Lords by q standing order may accept the
Government terms embOdying an arrange
ment without a statute, thus preserving the
condition OF an unwritten constitution and
relieving King George from the embarass-
ment arising from his first acts being
so highly contentious.
Ottawa, May 7th-The Cabinet was sum.
mOned, and the official Gazette announcing
the Kings death issued while the bells were
AAAA 0AA w La Stll rs II D0dC6-
maker and a constitutional Monarch King
Edward was unequalled in modern times.
There was sorrow in every Canadian home
and none will grieve more deeply than the
French in the Dominion, by whom he was
especially beloved. Other Ministers and
Earl Grey have issued statements.
Washington, May 7th-President Taft
telegraphed to Queen Alexandra, Il offer
your Majesty and your son, his illustrious
fathers successor, the profoundest sympathy
of the people and the Government Of the
United States, whose hearts go out to their
British kinsmen in their national bereave-
ment. l aid the expression of my personal
sympathy and appreciation of those high
qualities which made the life of the late
King SO potent an influence toward peace
aud justice amo?g the nations.
Secretary Knox sent Instructions to
MIR. Whitelaw Reid, the United States
Ambassador, to make suitable formal ex-
expressions of the regret among Americans
tor their British kinsmen's loss of a ruler
80 beloved and distinguished among the
nations Tor the influence of his kindlinoss
and wisdom toward all that is best.
New York, May 7th-Later advices from
Costa RIGA report that a thousand people
were killed at Carriage and damage ostimat-
ed at twenty five million dollars causedprac-
ticadly it was a total destruction, thousands
are homeless and hungry as every telegraph
operator was killed, communication is IN
terrupted. The American Red Cross Socie-
ty has sent five thousand dollars, and sub
scription lists have been opened. Reports
from the interior are ~scanty, but several
obscure villages report fatalities, and the
aggregate, It ls expected, will be large. The
shocks were the severest experienced for
half n century, and lasted ten minutes.
London, May 7th-The .Priyy Council
having declared King Edward dead, the
Government leaders visited King George
IN al apartment adjoining the throne room,
where the Lord Chancellor administered
the dual oaths of Eng ID and Scot
land and received the most impressive
responses. Sir Alfred colt Gatty Gar
ter, Principal King at arms, then pro-
claimed King George the Fifth in the quad
rangle of the Palace, followed by q fanfare
aud salute, all shouted God save the King,
the Ban1s played the National Anthem ond
the Artillery parked on tie terrace, fired a
solvo. Life guards escorted the Herald's
Proclamation at Charing Cross, Temple bar,
NJ