New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-04
GERMANY STANDS PAT;
PARIS BOURSE SHAKY
Moroccan Crisis Causes Fall Also
in London-FrenCh Premier
in Personal Charge.
NJ. De SELVES LEAVES POST
Crux of Kaiser''s Scheme Is to
Secure for Fatherland Lions
Share of South Amer
lean Trade.
rrv cable 10 The Tribune J

Paris. July 3.-The dissatisfaction In
paris aroused by the German naval
demonstration at Agadir is increasing.
cermanv shows no signs Of any inten-
,,or n take hack-vater or modify her
r-esent attitude in regard to Morocco.
According to trustworthy information
from Berlin the step taken in South
western Morocco is merely 10 place Ger
many in a position to negotiate TO the
hest advantage in order eventually to
oh,sin her long coveted naval depot and
coaline station al Agadir which has al
vavs been a favorite project of the En-
peror William.
Tho acouisition Of Agadir will accom-
rusb I'm the West what German diplo-
macy has already attained in the East
nv her Berlin Bagdad railroad conces-
sions and by her port in the Mediter-
ranean al AleXandretta
OF Interest to the United States.
This new German project in Morocco
g Of great, commercial and naval inter
est 10 the United States because it is
the crux Of Germanys daring scheme
20 get the lions share Of South Ameri-
can trade Moreover. few people here
realize the fact that the voyage from
Kiel n Buenos Ayres is only sixty
hours longer than the voyage from New
York 70 Buenos Ayres.
Germany shows every indication of
vigorously insisting upon her present
policy in Morocco, come what may.
The situation created by Germany's
action caused a weak Bourse to-day,
prices marking d lower level all around.
A slight rally later in the day was fol-
lowed by weakness on renewed offerings.
The Minister Of Foreign Affairs. who
decided yesterday 10 abandon his plan
Of accompanying President Fallieres on
his official visit 10 the Netherlands.
finally determined to carry out his orig
,nal intention. and accordingly NJ. de
Selves left Paris this morning with the
President. Premier Caillaux has taken
over the conduct Of the Foreign Office
pend'r " &c Selves's return.
F-s- May Not Reply.
AS Franco as merely notified Of the
re s--nr- namely that a German
-a.r sac been dispatched to Aeadir,
il -1ssih'e that the government here
viii not send reply to Berlin. but, like
Germany, will decide upon a course Of
action and then adopt IT,
II is not unlikely that after consult
ing with Great Britain France may
send varship TO Agadir, as the AL
geciras act authorizes the policing of
the Moroccan coast by France in com
pany with Spain Although the German
-ction was sudden, France had been
expecting move Of some sort by
Germany because of Spain's extension
Of her military operations in the North
q Morocco. a policy which France has
steadily opposed as leading TO the idea
that the agreement Of Algeciras was
dead and that Morocco was to be dis
membered.
The press continues calm. but urges
the government TO conduct the situation
with a firm hand.
Up 10 midnight no new development
had taken place. The Foreign Office had
not received any communication from
Paul Cambon. the French Ambassador
IN London. concerning the conversation
he was 10 have had to-day with Sir Ed
ward Grey, the British Foreign Secre-
tary. The result Of the exchange Of
views with the Russian Cabinet is also
awaited