New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-03
MOROCCO CONTROVERSY
NEAR PEACEFUL END
0veraCtive Press Campaigning
ConCeaIS the Fact That Settle
ment Is Imminent.
STOCK MARKETS STRONGER
Neither France Nor Germany
Will Be Humiliated by a Ne
cessity for Retreat Under
Military Pressure.
[By Cable To The tribune

LoHuOI' sept. - itSS NdiiPdls > nm :
is conducted so actively over the Mo-
rocco affair that the approach OF a set
tlement is still concealed. Pan-German
agitators in the Kaiser's dominions are
chiefly concerned in proving by out
breaks Of enmity that there will be nc
retreat before England and that a per-
manent occupation of Agadir has never
been intended any more than a recogni-
tion Of special interests in the Sus coun-
try has been demanded
These offensive demonstrations Of re-
sentiment have been needlessly provoca-
tive. for there have been no signs of
exultation in the English press over the
failure Of German diplomacy and no
menaces Of decisive action of the fset
in the North Sea.
The Morocco affair has been discussed
with caution and dignity by English
journals and writer's Both parties have
agreed that France must be properly
supported and that the Foreign Office is
taking a firm line and quietly urging
concilatory methods.
sIuster and High Talk.
While there is some high talk in Paris
about maximum concessions. and ire
sponsible agitators in Germany do not
refrain from buster. a settlement is un-
doubtedly within sight and cannot be de-
ferred many days. France will obtain
liberty Of action in Morocco and VII
compensate Germany for the privilege
Of controlling the future Of what may
prove 70 be rich dependency.
II Germany loses her coveted port anc
coaling station overlooking the grea'
trade routes there will be a readjust
ment Of frontiers and substantial ad
vantages elsewhere in West Africa and
possibly a fresh series Of economic guar
antees for Teutonic mining prospector'
and traders. so long as the prerogative'
Of tho Sultan under the Algeciras agree
ment and the supremacy Of the Frenct
protectorate are not interfered with.
Both The French government and TIM
Berlin Foreign Office will have gained
some little prestige. and neither countr,
will be Inundated by any necessity 10
retreat under military pressure at tn
frontier or the menace Of a naval dem
onstration of unparalleled magnitude.
Effect on Stock Market.
This settlement. while not an assured
fact until the diplomatic meeting mex
week. is already raising the temperatur,
Of the stock market. where the depres
sion which has followed the political ex
cltement Of midsummer and the stagna
ticn which has been caused by the labo
revolt. the critical negotiations betWeel
France and Germany and the Spanisl
raid have promoted persistent liquida
ton OF securities and steady declin
of prices.
There are now signs Of returning buoy
ancy. Home railways have touched bot
tom and are advancing, since there i
evidence that a painstaking and ulti
mately satisfactory inves tigation OF tn
railway mems grievances is well unde
way. The slump in mining shares ha
ended. and the American market is i'm
proving. With the return of confidenc
there IS likely 10 be a general releas
from pessimism and uneasiness as sool
as Germany and France have come I
terms.
The whole question Of railway griev
ances will be fought out in Parliamen
after the commission has reported. an
while the leaders OF the trade union
have lost faith in the Labor party ant
consider a sympathetic strike their onl
weapon. they have felt the full force o
public opinion. and another general re
volt is not probable before Christmas.