Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-07-27

London, July 27-Glimmers OF hope
hickered in the darkened sky OF Eur
speean politics today and the wish
was general that the efforts OF the great
European powers to avert a clash Of
rms, which might involve many ma
lions, would be successful
While all the powers are preparing
for possible eyentualities their states
men, with Sir Edward Grey. the Brit
fish foreign secretary at their head,
were endeavoring to get together the
governments at issue, with a view to
mediation.
It was reported today that Sir Ed
ward Grey, British foreign secretary,
had made successful representations TO
Germany, Italy and France. for con-
ference between the Representatives OF
those countries In England on the Aus
tro- -Servian situation. with a view to
cooperate IN mediation.
9oyme Improvement in Situation.
At the Servian legation In London.
the view was held that some improve
ment had taken place in the situation
and this was attributed to the tnfiu-
ence exerc3sed by Russia. Alex
Georgevitch, the first secretary, said:
ssWe haxe complied with everything
that does not impair our sovereign
rights ws hops that Austria Hungary
IN the interest Of peace, will recognise
that consideration IS due to an inde-
pendent state and so avert war. It.
however, Austria-Hungary wants war
she will have seen that we are pre-
pared to accept 1t in the interest OF
the dignity Of our state"
The fact that Austrian ambassadors
abroad were willing to discuss the
controversial points with foreign gov
eruments, and especially with Russia,
led to the belief that an outlet for tho
deadlock would Be found.
The stock markets Of London. and
the European capitals still displayed
panicky feeling, altho 1t was not as
pronounced as on Saturday.
osramany Favors Mediation.
Sir Edward Grey. In announcing In
the house Of COMMONS the steps to oe
iaken to bring about mediation In the
Austro-Servian controversy said:
~ uuderstand that the German gov
ernmenf II favorable to mediation In
principle an between Russia and Aus
tria. but to our particular proposal to
apply that principle by means OF
conference. the German government
has not vet replied"
Sir Edward by expressing the opin-
ion that tho failure Of these efforts to
bring about a settlement would lead
to "the greatest catastrophe which
could befail the concert Of Europe.
ana fty CONSCIOUSNESS would be meal
cMable."
Asks Description Of Operations.
Sir Edward Grey invited the govern
ments Of Austria Hungary, Servia, and
Russia to suspend operations pending
the result Of tho proposed conference
to be held IN London. His suggestion
was that the French. German. and Ital-
ian a ambassadors in London should con-
fer with him in tho endeavor to md
the means OF solving the great difficult
ties. Until late this afternoon he had
not YET received replies to his pro-
posal
The italian and German ambassadors
here saw Sir Edward Grey this morn
ing but with what result could not be
ascertained.,
4 Tf1 membsss Of the foreign diplc-
matte corps and officials Of the British
foreign Office were early astir.
Sir Edward Grey. Nke> Premier As
uufth: cut snort his weekend vacation.
ana reached London early in the morn
Ing. After conferences with Wtnsto
Spencer Churchill, first lord Of the ad
miralty. and Premier Asquith. Sir Ed
ward received the Italian Ambassador
with whom he had long talk. 1t Is
understood that an endeavor was made
during this conference to avert re.
sort to arms by Austria Hungary and!
Hervia.
London Takes Serious vitw.
a most serious view Of the Austria
Eervia situation IS taken here. and
every effort is being made by England
and her ambassadors to find someway
out OF the crisis Many OF England's
diplomatic representatives were onl
their summer vacations, but hurried
back to their posts.
The London stock exchange which
opened half an hour earlier than usual
was comparatively calm at the opening.
the opinion prevailing that war would
be averted. The market however. soonl
became panicky, and on the arrival Ct
bulk Of the brokers'. prices began toI
dump In all directions. the demoraliza-
4l6n ~ saturday being repeated.
Market Again Panielsy.
British consuls. which opened NOM
inally at TN dropped to 73, and then
by quick stages to Il y, or nearly 2 be-
low oatur1ey. German, Austrian. and
epa1g vent dssn ffon - tel