The chronicle=news., 1914-07-27

following was noticeable here today
as the result of yesterdays diplomat
ic conversations.
1t is understood that the long in
terview between Sergius Sazonoff,
the Russian foreign minister. and
the Austrian ambassador especially
was responsible for this Improvement
of sentiment.
The fact that Vienna does not re-
fuse to discuss the points at issue is
interpreted as happy symptom. al
though Russia's attitude has been,
very firm since the beginning of the
crisis. The Russian government is
anxious to negotiate with Vienna in
order by such discussion to delay
an act which might prove irrepar-
able.
1t is still hoped here that the voice
of Berlin may be heard at the oppor-
tune moment in the interest of peace.
Berlin July 27.-The leading
bankers OF the German capitol met
today and agreed on measures to
protect the stock market and to en-
courage the brokers not to unload
securities, the meeting voting in IA
vor of giving credits under special
terms to brokers and decided to call
from private investors only when the
market value OF securities had
reached the lowest point consistent
with safety.
Nervous depositors in considerable
numbers were noticed at many of the
savings banks, withdrawing their de-
posits. All were paid without ques-
tion and this had reassuring ef-
feet. The leading banks cashed checks
In bills instead OF gold, referring
their customers to the Imperial bank
when they asked for gold.
London, July 27.-Glimmers of
hope fltckered in the darkened sky
of European politics today a..d the
wish was general that the efforts of
the great European powers to avert a
clash of arms, which might involve
many nations, would be successful.
While all the powers were prepar-
ing for possible ventuaIities. their
statesmen, with Sir Edward Grey, the
british foreign secretary. at their
lead were endeavoring to bring to-
gether the governments at issue with
view to mediation.
At the Servian IegatIon in Lon
don, the view was held that some
Improvement had taken place in the
situation and this was attributed to
the influence exercised by Russia.
Alex-Georgcvidch, the first secretary,
said: IVA have complied with ev.
erything that does not impair our
sovereign rights. We hope that
Austria-Hungary in the interests OF
tion is due to an independent state
and SO avert war. If. however, Aus
tria-Hungary wants war, she will
have seen that we are prepared to
accept it In the interests OF the dig
nifty of our state"
Sir Edward Grey urged the gov
ernments of Austria-Hungary, Servfa
and Russia to suspend operations
pending the result of his proposed
conference which would be held in
London. His suggestion was that
the French, German and Italian am
bassadors in London should confer
with him in the endeavor to find a
means of solving the present difficult
ties. Until late this afternoon he
had not yet received complete replies
10 his proposal.
Sir Edward Grey in announcing in
the House of Commons the steps to
be taken to bring about mediation in
the Austro-Servia controversy says:
II understand that the German gov
ernment is favorable to mediation in
principle as between Russia and
Austria, but to our particular propos-
al to apply that principle by means
of a conference the German govern
ment has not yet replied.
Sir Edward concluded by express.
inS that the failure of these efforts
to bring about settlement would
lead to the greatest catastrophe
which could befall the concert Of Eu-
rope and its consequences would be
incalculable."
Vienna. Austria. july GA COM
munfcation issued by the Austro-
Hungarian foreign office today sets
forward the Austrian view of the
Servian reply to Austria's note de-
manding the cessation of the pan
Servian agitation and the punish
ment of those concerned in the as
sssinstion at Sarayevo of Archduke
Francis Ferdinand and his consort.
The communication also gives the
reasons for Austria's dissatisfaction
with Servia's reply. 1t follows:
THE object of the Servian note is
to create the false impression that
the Servian government is prepared