The Tabor independent. [volume] (Tabor, S.D.) 1913-19??, 1914-07-30
DIPLOMATS ARE FOR PEACE;
STOCK EXCHANGES UPSET

DIPLOMATS ARE FOR PEACE;
STOCK EXCHANGES UPSET
London July 28.--Sir Edward Grey
invited the governments of Austria
Hungary, Servia and Russia to sus-
pend operations pending the result Of
his proposed conference, which would
be held In London. His suggestion was
that the French, German and Italian
ambassadors in London, should confer
with him in the endeavor to find a
means Of solving the present differ
ences. Until late this afternoon he
had not yet received complete replies
to his proposal. ..a..
Sir Edward Grey, in announcing in
the house Of commons, the step to be
taken to bring about mediation in the
Austro- SerVian CONTROVERSY, said:
81 understand that the German gov
eminent is favorable to mediation in
principle, as between Russia and
Austria, but to our particular proposal
to apply that principle by means Of q
conference, the German government
has not yet replied"
Sir Edward concluded by expressing
the opinion 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 It's consequences would be
incalculable."
Rome, July 2S.-The italian govern
ment today informed Sir Edward Grey
that 1t accepted his invitation to join in
mediation conference.
London, July 2S.--Glimmcrs Of hnDe
flickered In the darkened sky of Eu-
rope today and 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 hR a..#s p -..a.s
While all the powers were preparing
for possible eventualities, their states
men, with Sir Edward Grey, the Brit
ish foreign secretary, at their head,
were endeavoring to bring together the
governments at Issue with a view to
mediation. w.
The ServIan legation at London ex-
pressed the view that some improve
ments had taken place in the situation
and this was attributed to the in
nuence exercised by Russia. Alex
Georgevitch, the first secretary, said:
I'VE have complied with everything
that does not impair our sovereign
rights. We hope that Austria Hungary
in the interests Of peace will recognize
that consideration is due to an inde-
pendent state and so avert war. If,
however, Austria Hungary wants war,
she will have seen that we are pre-
pared to accept it in the interests of
the dignity of our state"
The fact that the Austrian ambassa-
doris abroad were willing to discuss the
controversial points with foreign gov
ernments and especially with Russia,
led to the belief that an outlet for the
deadlock would be found. s...
The stock markets OF London and
the European capitals still displayed
a panicky feeling although 1t was not
as pronounced as on Sunday.
London, July 2S---It was reported to-
day that Sir Edward Grey, British for
eisn secretary, had made successful
representations to Germany Italy and
France for q conference between the
representatives of those countries in
England on the Austro- Servian situa-
ton. with view to cooperate in me-
diation. 1872.
The Italian and German ambassa-
doris here saw Sir Edward Grey this
morning. The members of the foreign
diplomatic. corps and officials of the
British foreign Office were early astir.
Sir Edward Grey. like Premier AS
quith, cut short hts weekend vaca-
ton and reached London early In the
morning. After conferences with Win
ston Spencer Churchill, first lord of the
admiralty, and Premier Asquith, Sir
Edward received the italian ambassa-
dor, with whom he had a long talk.
1t is understood that an endeaYor was
made during this conference to avert
resort to arms by Austria Hungary
and Servia.
A most serious view OF the Austro-
Servian situation Is taken here and
every effort is being made by England
and her ambassadors to find some way
out OF the crisis. Many OF England's
diplomatic representatives were on
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, soon
became panieky and on the arrival of
the bulk of the brokers, prices began
to slump in all directions, the democrat
lzation OF Saturday being repeated.
British consols. which opened nomI-
nally at 73A. dropped to IS and then by
quick stages to T1h, or nearly two be-
low Saturday. German, Austrian and
Russians bonds went down from one
to two points and practically the whole
list followed the example. This was