Newspaper Page Text
4 POLniCS D' TBAXSITIO]f RECOXSTRUCTIOX WORK. Sir Ed-xard Grey's Proposal for Leb- 4 anonidng of Macedonia. rspeclaJ by French C*M» to Tbe TrSbase.] ICoprrlgtt. ".PC*. ♦«? Tb« ZT.t:-t A*» ■-• -" London. March 14.— Cabinet reconstruction conducted by irresponsible amateurs is not a serious occupation. Mr. Asqulth has not taken craned -with the Unionists, who wish to wreck .-. , - -..-.-• as speedily as possible, nor with the ambitious youngsters en the Liberal Elde bent upon pushing themselves to the front. Changes arc unlikely before the budget speech and th- King's return, nor are the Prime Min ister's colleague* anxious to retard his recov ery by premature Intrigues. The Unionists are boasting that they will •r&rry i«cfehan and every by-election in sight, fad tiiat dM Lords, having started in with the Scottish land bill, will reject every Liberal measure this session except the children's bill. They are also pretesting that they do not want « general election next year, since they cannot hope for a working majority. The question of the bUjpreatacy of mm house or the other will %womi urgent if a middle course be abandoned and the government programme for the session be absolutely vetoed. In that event a general ♦lection may become necessary, and a popular reaction against the Unionists may be witnessed. Meanwhile Lord Kosebery is a recruit for "The Spectator V small but select party, and has made a d-rp Impression by his outspoken condemnation of crude socialism as the end of ell th:-*'' — religious faith, property and freed oaa. John Bonn has rendered more practical ser vice to the cause of sana Liberalism by his caustic attack upon DM Socialist right-to-work Mai which he described as destructive to the great fabrics built -; by the trade unions and frltcdly societies. Mr. Asquith has rallied the Liberals against aMi measure, and the Unionists are magnifying «fee Importance of what they call a breach -with the Labor party. Only two Unionists voted with the Labor men 2nd Nationalists, and this Is a sign that tariff reform cannot Involve coali- , tier -with revolutionary socialism. A consider- j able number of Radicals joined the Socialists In supporting •'••"■ I* They represent the ! extremist* who believe that Free Trade can be «*?.-< only by the adoption of collectivlst j schemes of ownership of canals and railways •nd ether methods cf fostering trade and pro viding employment. British politics hi in a transition stage, with forces operating for the reconstruction of both the main parties. Sir Edward Grey continues to supply evidence cf firmness and flexibility in his conduct of foreign affairs. He does not act impulsively, but takes an independent line of his own after de liberate investigation. His proposal for the betaaMaaalßc of Macedonia is not likely to find favor with either Russia or Austria, which are intrlguinsr against each oth?r and seeking to form fresh coalitions with Montenegro and other jsalkar, states, and Germany cannot be depended ■upon to support it, but it is a rational plan for •working cut ultimate pacification and adminis trative reform «nd is a coal worthy of the dig- BAy of British diplomacy. Reports that a con ference of the powers -will be held for the <Hs coaafon of the proposal art- premature. A con cert of -.•- an by railway In trigues cannot be re-established on higher ground without prolonged delay. The Foreign. Office, haying forced a settle i&eat between the King of the Belgians* and the Chambers, is net meddling with the details of Congo annexation. Whetr the transfer is ar ranged and there Is a re£pcnssle government to deal -..-:■ Edward Grey will decide whether,, the obligations of the Treaty at Berlin and the Brussels conference are likely to be fulfilled and safeguards established for the interests of the natives and the requirements of a civilized gov ernment. The outlook for an ■ •.•-■"■ ment :c: c Bow favorable, but both the "---""- OSce and the State Department at "Washington are watching closely evwy phase of the Bm- Fels negotiations. I- X. F. TATSU CASE SETTLED. iCh'na to Pay Indemnity and Retain Arms — Japan's Concessions. Peking. March 14. — The Chinese Foreign Board approved to-day the draft of a document hi which China accepts the proposals made by Japan yesterday. China will pay Japan 21.400 yen (about 700* and retain the arm ■which form the cargo of the Mai, and she aril] pay gjs> about 10,99 taels demurrage on the Ftearrser. It 's ■'"■'- '• : that the Tatsu will be released en March 16. Japan agrees to adopt end enforce ;T"t -'-■'"'' to prevent future traffic hi arms and ammunition from Japan Into Ch.:r.a. but refuses to Include the territory of Macao "':. this limitation. China ■*■:_• soon taka up negotiations with J Portugal regarding the contraband traffic at Macao. She hopes that ■ delimitation of Portu gese craters at Macao rr.ay ha obtained, and that the gambling for which Macao is noto rious, as well as the smuggling done through '-:** port, may be material!;.- restricted. • T A?ASTSE SUUADEON SAHJM Formosa Informs Hong Kong of Naval Ac tivity in Japan. Hssf Hone- March 14.— Information has boss re «-e;ve3 htre from Formosa thai the first Japanese naval scuadror, •will sail to-day on a •*■?:• : mission. Tb« cruisers YeJtukjo. Akitsushlma an . Asaxaa and * 2oti!la ol ?rna'iT vessels have been coaled ready •to filT A.I a minute's notice since March 7. The r.sval rt£i!'Ti at Sasebo is exceedingly busy. » <2;sr>atch from Toklo. snaer date of March 9. ?nnoancrf that a part, of ■'.'■ Bret Japanese naval Mjaafircn »a* to leave port on March 14. Coaling and other preparations 'or departure were proceed ing rapidly. At the office of the Admiralty Jr. Tokio It icas said that the tquadrcs v.-as about to b^gin a series of manaoivree. It m ix/inted cut further t*«t this fact vis ■■■•■:■ a?o. AMERICANS TO SING BEFORE KAISER. T>riL-. jlarch It.— Charlemagne Tower, the JUaeriesn Amf-ar^sicr. has '•■_•.■ rutnts lor the Arioa Minnerchcr. of Brooklyn, to ting before Eisjercr William at WllheJmshohe, in XL*, course of Mm trip of the society to Europe thi* bombs* The society will blbs give a co:: cert in the presence of the Grand Duke of S_*e \iY-imar at the fTartburs. PORTUGUESE AMNESTY DEFERRED. Lisbon, "-■-'. 'A —It was announced to-day that Kins >lacs«l wou*<3 not t gn a asevea of general •nracrt) until if had betn eFtabllshed that there waa no connection between the assassinations of yds father .and brother *si<2 the political uprisings planned last y*ar. invn.lua.ble tc sufferers from a.s{hm«L. bronchitis r thr«>at tTOUbleS> Cer.taln ncthina in/ungui. THE TRIBUNE'S FOREIGN NEWS. EDWI.V A. ABBEY'S WORK Paintings for Harrisburg Capitol Warmly Praised. rpptdal by French Cafcle to The Tribune. J rco^yrlght, 1905. ty Th« Tribune Association.! London. March 14.— Edwin A. Abbey has com pleted his paintings for the dome of the Capi tol at Harrisburg. which have occupied him for several years. There are four immense lunettes, representing the westward march of religious liberty and the pacific progress of the three great Industries of Pennsylvania, coal mining, the production af cti and the working of iron end steel. These prosaic themes are treated In a highly poetic manner as triumphs of religious liberty. Science. Light and Vulcan, and homely but dramatic use is made of miners and me chanics. The most brilliant and original work is the Spirit of Light, with a swarm of genii carrying the light from a maze of derricks and soaring upward toward the sun. There are also four circular medallions for p^ndentlves. carried beyond crowns and arches. These have full length figures of Religion. Science. Art and Law against gold backgrounds inscribed with texts in white letters. The eight works comprise a scheme of decoration more ambitious than the Grail panels in the Boston Public Library. The treatment of commonplace industrial subjects is bold and original and the color scheme? are radiant with beauty. These pictures will be exhibited at the University of Londcn. under the auspices of the Royal College of Art before they are sent to America. Mr. Abbey's commission for the decoration of the Senate Chamber and the House of Repre sentatives is not included with the more diffi cult work for the dome, which Is his supreme achievement as a painter and colorlst of crea tive force. Surplus wealth still finds a resource for in vestment more or less trustworthy In art col lecting. The sale of the collection of William Connal. the Glasgow ironmaster, at Christie's, while not rivalling the recent traffic in Turners, has attracted a large audience to the auction rooms and yielded fair prices for modern works of excellent quality. The seven Burne-Jones pictures sold included "The Bath of Venus," "The Wheel of Fortune." "The Wood Nymph" and "The Sea Nymph.*" These were among the painter's most beautiful works. A large series of Albert Moores comprised a controversial work in white hydrangeas and wonderful blends of intractable orange in ara besque entitled "Midsummer." Rossetti's portrait of Mrs Morris and other drawings and "Whis tler's "Symphony fn Silver and Gray" were a.'so auctioned off. There were no Indications that American purchasers were represented, and with the exception of a few at the most famous works the bidding was sluggish. I. N. F. NEW PARIS BOOKS. Novel Pits French Raffles Against Sherlock Holmes. [Special by French Cable to The Tribune. ] 1 Copyright. 1C«OS. '::- The Tribune Aesot iation. ] - -Paris, March 14. Georges Ohnet, the veteran novelfst, whose works have been translated into every modern language, publishes this week with Ollendorff a new novel in the series "Ba tailles de la Vie"" which he entitles 'La Route Rouge." Ohnet has always been on the side ,of the middle classes, whose eolid virtues <aid sterling qualities he is never tired of pro claiming, and he now describes the tragic dis illusion which awaits a wealthy manufacturer who. after professing radical opinions, Is forced into an unwilling opposition to the revolutionary intrigues of socialist agitators who threaten the prosperity of his business. The growing mania in France for detective stories is catered to by Maurice Le Blanc, who. in "Arsene Lupin contre Sherlock Holmes," pits the great French gentleman-burglar of notion against the imaginary detective of almost equal skill. It is perhaps an additional sign of the times that the detective constantly comes off second best. In "La Provence Mystique au Dlx-Septi£me Si£cle, " published by Plon. Henri Bremor.d relates the curious life story of Antolne Yvan, hermit, engraver and mystic, who founded a religious order in Provence at the begin ning of the seventeenth century and was the religious mentor of a charming you--? Provencal girl. Madeleine Martin, whom the Church canon ized. Fa-squelle publishes "Travail et Travail lecrs,*" a collection of speeches on labor ques tions by M. Millerand. who was Socialist Min ister of Commerce in th» Waldeck-Rousseau Cabinet. C. I. B. ASPHALT COMPANY'S FIXE Venezuelan Superior Court Confirms $5,000,000 Judgment. Caracas, Venezuela, March 12 (Via T7illem- Btad. Curasao, March 14).— Superior Court of Venezuela to-day handed down a verdict con firming the judgment of the lower court, which condemned the New York and Bermudez As phalt Company to pay a fine of £5,000,000 to the Venezuelan government for having extended as sistance to the Matos revolution, which was directed against President Castro. This sum is the estimated cost of putting down the revolu tion. The company will appeal to the Court cf Cassation. The *!r:3i^c of th- lower court referred to hi the above dispatch, which is the Civil Court of First Instance, was handed down In August of last year. The appeal to the Court of Cassation is now the only thing that remains to the company, so far as th» situation in Venezuela is concerned. The action was begun in 1904 by the Attorney General of Ven ezuela, acting ander instructions from President Castro. The New York and Bermud^z company is a subsidiary concern of the General Asphalt Com pany, of Philadelphia. Most of the evidence in the cas«j was furnished to the Venezuelan government by Ambrose Howard Carrier, who had been man atrinK director In Venezuela of the Sew York and B«Tmud«! company. Caraer also represented in ji**t the Pan-American company, of which Amzi Lori 1111 Barber wis th. president, . r.d when the Rovernment seized lha Baraiades Lake pending the litigation President Castro placed Caraer in charge a« receiver. The A. L.. Barber Asphalt Company, eubFcquently or>?anlz«»d in opposition to the General Asphalt Company, has since been receiving from Carner the product of me B*naad«B lake. One of the affidavits in the revolutionary suit obtained through earner's efforts was that of Captain Willis, of the Mates filibustering steamer Ban Kigh. later the L.:!>«r?a<-iora. Captain Willis swore thai Gen eral Francis Vinton Greene, former president of thf; asphalt combination, ! Ml been a passenger on the Ban High OB part of her trip from Europe to the West Indies. General Clreeaa denounced this statement as : dat * Another ■ lit was brought by Venezuela against the New York and Benandes company, alleging non-fulfilment by the latter of the terms of the asphalt concession. This suit. too. was decided l-y •:• Venezuelan courts adversely to the defendant company. Thes« cases are part of the budget' of American complaints against Venezuela which President Castro refuses to save arbitrated, and which the United States Senate is expected to take up in a few days, in accordance with a resolu tion Introduced by Senator Lodge. A dispatch from Caracas a few days ago an nounced the termination of earner's receivership of the Bermuaez property and that the asphalt lake would be sold at auction to satisfy the amount ci ladgßMßßl against the New York i.;..J B»riu\nnti company, NEW-YORK DAILY TRIBU>T3, SCNDA.T MARCH 15. 1908. WAR 0\ CLE3IEXCEAR ATTACK BY COVBISTES. Nationalists Object to Honoring the Memory of Emile Zola. ;?r'c:a! by French C&V.e to The Tribune.] [Copyright. 100S, ty The Tribune Association.] Paris, March 14.— Open warfare between Premier Clemenceau and the Combistes, who are a group of extreme Radical Socialists led by M. Combes. Prime Minister in the last Radi cal Cabinet but one, has now broken out, and Is expected to be fruitful In sensational inci dent. First blood was drawn at a banquet given at the beginning of the week by the ad vanced groups of the Chamber and the Senate to celebrate the fifteenth election of M. P>risson to the presidency of the Chamber. M. Combes seized this occasion to demand the reconstitu tion of the old Bloc party and to accuse Premier Clemenceau of forming a dangerous compact with the Liberal Republicans. • M. Clemenceau, who was at the banquet, took no notice of this provocation, but he had his revenge yesterday in the Chamber, when by a majority of 140 he asserted the right of the gov ernment to refuse to take back into its service a Bomber of functionaries, some of whom had been dismissed for joining a trade union and others for taking part in anti-militarist demonstrations. This vote is a severe blow to the aspirations of the extreme Socialists and Radicals, and It. Clemen ceau's triumph proves once more that he is the cleverest manipulator of majorities in the French Parliament. He had to promise, however, that certain of the dismissed' functionaries should be amnestied later on, though from this measure of clemency anti-militarists are to be rigidly excluded. The question of voting £10,000 for supplies to cover the cost of transferring the body of Emile Zola from Pdre Lachaise Cemetery to the Pan theon will be debated next week in the Cham ber, and the Nationalists, headed by Maurice Barres, mean to make a fierce onslaught on the memory of the dead writer. Their objections are both literary and political. They cannot forgive Zola for his championship of Dreyfus, which Involved him in bitter attacks upon the French army, and they maintain that the por nographic inspiration of his stories has brought dip.srrace upon the French name throughout the world. It is unfortunate, however, that Maurice Barre?, before becoming an Academician and a mouthpiece of nationalism, should have earned his first literary notoriety as the creator of a special type of pornographic fiction, less coarse than that of Zola, but of a more demoralizing tendency. There Is no doubt that the supplies demanded for Zola's apotheosis at the Pantheon will be voted by a large majority. in spite of the Nationalist opposition. The optimism constantly displayed here in offl cial circles on the subject of the Balkan imbroglio and the future of Macedonia receives ample justification in the very pacific wording of the official note issued from Berlin in reply to the proposition of the British government that Macedonia should be made an independent province- The "Echo de Paris" thinks that Ger many would like to see the question buried and will gently and politely direct all her influence :to bring about that solution. It is noted that Signor Tittoni. the Italian Minister of Foreign Affairs, in his speech two days ago reserved opinion as to the advantage of the English proposition. The "Figaro" publishes a sugges- I tion from the Greek Prime Minister for the I division of Macedonia into spheres of influence. I respectively governed by Bulgarian, Greek or Servian administration, according to the racial elements forming a majority in each sphere. The English preposition will have the support of 'France and Russia, and at present the only direct opposition to it comes from Austria. C. I. B. LOST MAIL Found in Yokohama and Forwarded to This Country. London. March 14.— A cabled Inquiry to Japan has elicited t"r.« fact that the fifteen registered mail packet? which disappeared In January • visit on :■- sti am< 1 I etween Liverpool and New York, have tamed up at Yoko hama and have been forwarded to the 1 Bta •• - ABDTCTED HIS OWN DAUGHTER The Eon. James Gully Committed to Jail for Contempt of Co-art in So Doing. London. March 14.— The Hen. James Gully, sen cf Viscount Selby, former Speaker of the House of Commons, was committed to Brixton Jail to-day for contempt of court in that he abducted 1 la own daut;ht-r from the custody of her mother. Mr. Gully and bis wife had separated, and the daugh ter of the couple was made a ward in chancery and pi teed in the care of the mother. Recently Mr Gully abducted his daughter and carried her off to the Cor. Jnent. The child was recovered only after a prolonged search. Mr. Gully surrendered to the police this afternoon and was sent to prison to await formal sentence. This probably will be given In a week's time MORE BUBONIC PLAGUE IN CHILL -,zo. Chili. March 14 —There has been a re crodeacenee of the bubonic plague at Antofogaata. Forty new cases have been reported in the last tow daya. DECISION SETS FREE CONVICTED HINDUS Vancouver, B. C. March 14.— The Provincial natal act was yesterday ruled by Justice Morrison ultra vires and repugnant to the British North America act. The decision was on the habeas corpus appli cation for eighteen Hindus convicted under the natal act. They were ordered to be released. The province will appeal. MORE SMALLPOX BEYOND THE BORDER. Moncton, N. 8.. March 14.— The epidemic of smail pox which has been prevalent in several places in the southern counties ©« New Brunswick and which was believed to have been controlled several weeks ago has apparently broken out afresh. The Maine Sta««; Hoard of Health, which usually performs the work of Inspection on th* United States border, has been ninforced by the United States marine hos pital service, and the system of ins-ruction is now much more rigorous than usual. WANT FRYE SHIPPING ACT SUSPENDED. Manila, March 14.— The; Assembly has Instructed its del-gate* at Washington to ask Congress to sus pend perpetually the Foe shipping act. This ac tion is declared to be necessary at once in order to prevent the destruction of shipping interests. WANTS BOLIVIAN RAILWAY BUILT. La Paz, Bolivia, Maroh 14.— Ismael Monte.*, Presi dent of Bolivia, is desirous of having a railroad constructed frcm 0.-uro to Potoei. capital of the richest mineral district m the republic. To this cad ha arranged a conference at La Faz between Mr. Mctcalfe, president of the Bolivian Railway Company, of New York, who represented the bank ing firm of Speyer & Co., of New York, and a rep i(?fceritativ« of the Antcfogasta Railway Company, of London. Tha conference was without result, a..; neither representative was willing to accept the terms offered by the other. The Antofogasta Rail way Company claims the exclusive right of «,n airucU&g Uum Hut, Ujf ro&feoa at a mlor oeuc«b«kat. New Triumph for Rejane— Portrait in Exhibition. [Special by French Cable to The Trtimr*.) [CopyriKht. 100S, by Tie Tribune Association] Paris. March 14.— To-night Pierre Veber'3 five act adaptation of Alfred Capuss's novel "Q'jl Perd Gagne" was produced with success at Rejane's Theatre. The plot, which fully re quires the very light and delicate handling It receives from Pierre Veber's ironic pen. relates the concessions- and compromises which a man makes who has a pretty wife who loves him and whom he loves, but who utilizes certain suspi cious alliances, based upon her personal at tractiveness, to extricate him and herself from financial disaster. The husband loses his abso lute belief in his wife's strict conjugal fidelity, but he gain? material comfort and the couple continue to love each other sincerely. Mms. R*jane gained an immense triumph in the part cf Emma, the accommodating- wife. Under the auspices of the French Alpine Club the Society of Mountain Painters opened their eleventh annual exhibition to-day in the Boule vard St. Germain, the interest of which is heightened by a retrospective show of char acteristic canvase3»by deceased painters, Char tran. Dameron and Rnnvier. Another retro spective collection of even greater importance is that of pictures, watercclors. drawings and sculpture by paumler, the great caricaturist of the last century, which is to bo seer, at Eugene? Blot's, In the Rue Rlchepane. The two paint ings' of Don Quixote and Sancho Panz?\ and the drawings of Napoleon are specially interesting. Delpy, who is one of the last survivors of the old Barblzon school, exhibits about sixty landscapes at Danthon's, in the Boulevard Ilaussman. Normandy and Brittany have, as usual, chiefly attracted him. and he shows himself to be a worthy transmitter to modern if not too appre ciative generations of the great lessons of Daubigny. whose pupil he was. Another fol lower in the footsteps of Constable, Corot and Turner is Soullard. whose charming notations of Paris environs are to be seen at the Cametron Gallery, in the Rue LafJitte. At Georges Petit's Gallery Charlet displays luminous studies of at mosphere which amply bear out the big reputa tion he has already made for himself, especially In America. At the same gallery the exhibition opened yes terday of the SoclStS de Pe:ntres et Sculptours. under the presidency of Auguste Rodin. This is one of the most interesting art manifestations of the year. Sargent contributes his famous pur traits of Lady Sassah, which hangs next to two admirable compositions by Albert Bcsnard, one a monochrome preparation for the figure of a man, the other a lake scene, with a swan and a nude woman. J. W. Morrice is represented by impressionist views of Venice, August? Rodin by a group of two bronze figures and a bust of Joseph Pulitzer, which will rank as one of his masterpieces. C. I. B. If Mulai Ilafig Is Eliminated— He May Withdraw Proposals. Paris, March 14.— The government at last be lieves that there is a good prospect of a definite settlement of the trouble in Morocco. This will be based upon the submission and elimination of Unhid Hafig, the Insurgent Sultan. While negotiations with Mulai Hafig have not yet been actualiy begun. General dA made, the French commander in Morocco, telegraphs that suppli cations for peace have been received from Haf:g and his leaders. The general reports al^o that French troops are encamped at the gates of Set tat, and that the pacification of the entire Chaonla region is proceeding rapidly. Madrid. March 14.— Official confirmation has been received here from Morocco of the report that Mulai Ha:ig. the insurgent Sultan, has sub mitted peace proposals to Abd-el-Ajrfs, the Sul tan of record. It is rumored that an arrange ment may be made by which money will be fur nished to MtalaJ Hafig: and ins Heutenanta for an Indefinite ri'? r^i"' ;;i c" t0 Mecca; in other words, that they will be paid to leave the country. JTO UP IN JAPAN. Casablanca. March 7 7.— The proposals for peace made by ilulai Hang are an outcome of his differences with Giaoui. a powerful -aid liv ing in the Atlas Mountains, regarding the gov ernorship of Fez. Giaoui to Hinted upon the ap pointment of hla brother to this post, while Muiai Haflg wanted to give it to a son of Zaiani, ■ caid of the Berbers. If this dispute over the governorship of Fez, which threatens to wreck Mulai Kafir's influence in the South, should b'_ j settled, it is believed here that Hafig will withdraw his pcu'.e proposals. Bavarian Farmer Charged with Getting j Money Unlawfully from Bavarian Duke. Munich, March I*.— he-ring of the suit j brought by Duke Francis Joseph of Bavaria ■ afe-ajnft a fanner named Hnfmaier, wlio recently was successful in blackmailing the di Ice when his . highness was automobliing In the vicinity of Barn- , berg. has been fixed for next Monday. The. duke cor.:.: thai the blackmailing was prearranged. Hcfmater, eeing the duke's auto mobile approaching along the road, unharnessed his horse, which was attached to a farm was and purposely inflicted a serious wound upon the animal. When the duke came up he stopped to ask what was wrong and offered his assistance. Hofmaier thereupon accused his highness of hav ing had a collision with his wagon and causing the Injury to the horse. A crowd of about one hundred peasants then appeareJ upon the scene, collected around the motor car and threatened the duke. They refused to let him depart until be had paid over to Hoirr.airr all the money in his possession and promised to for rd the farmer an additional sum of $«*''• The duke related the incident to the Prince Re gent of Bavaria, who advised him to bring suit against Hofmaier, particularly as t?:ere was reason to telieve this method 01 blackmailing was bcoom ing popular, there having been several other simi- j lar attempts in Bavaria recently. '< WRECKED ON SOUTH AFRICAN COAST. The Newark Castle Will Probably Prove } Total Loss in Richards Bay — No Lives Lost. ; Durban, March 11.— The British steamer Newark Castle, belonging to the Union Castle Line, has been wrecked at Richards Bay. The few passen gers on board, together with a part of the crew, have been safely landed. The captain, with a dcz?n men, is remaining en board the vessel. It is not likely that she. can be saved. The Newark Castle is of 4.017 tons. She left Lond< d on February 7 fo Mauritius. j NORWEGIAN CABINET OUT. ? Christiania. March —King Haakon has a.; cepted the refignation of the Cabinet. j THE CZAR GOING TO CRIMEA. St. Petersburg, March It.— lt is learned that the Emperor on Thursday visited the fortress of BU Peter and Paul and worshipped at tho mauso leum of his ancestors. The imperial summer pal aces la the Crimea are being made ready for the resilience of the Empeior an<l • the Empress ami their . ■..• .-. who are expected thtre after Easter. The jacht Btandart will go thither la case it is wanted to convey the members of the imperial party through the Dardanelles to the Riviera, •• ' DfilMA AM) AET. PEACE FOR MOROCCO. TO BE TEIED FOR BLACKMAIL KO MORE SNEERING. COMMEXTS OX FLEET. Prolongation of Battleships* Cruise Impresses Europe— Money Easy. [Special by French CMN to The Trrtrane-l [Copyright. ISOB. by T^« Tribune Association 1 London. March 14.-The prolongation of the cruise of the American battleship fleet to colo nial and Australian waters is helping to deepen the Impression that the nation has trustworthy resen-es of sea power. There are no more sneering comments on Yankee bravado and bluster. There are also figns or the growing conviction abroad that the American people will steer their course through the Presidential elec tion ard the financial depression as securely as the fleet If finding its way from sea to ?ea. A practical result which foreign investors will welcome as the greatest possible gain for the business interests of the world is the successful issue of the American conferences for obtaining legislation for the regulation of corporations and railway interests that will be accepted a3 a practical Indication of reconstruction and conditions of prosperity. The continued / money market implies an other reduction In the bank rate within a fort night end abundant supplies of loanable capi tal for first class securities and new enterprises at home and abroad. There are pressing de mands from Brazil. Chili and Mexico for loans, and municipal corporations, after being fright ened out of the m:. '.ct by the high rate?, are beginning to return as borrowers. Several local corporations which have suffered from reckless finance and heavy taxation are seeking relief by altering th* terms of previous loans. Tynemouth tried to do something of this sort, and there was talk of similar action by Bristol, and Wolverhampton is row seeking legislative sanction for suspending the operation of it.' sinking fund. The Stock Exchange sets its face sternly ajainst all efforts of municipalities to change the conditions on which the money was originally borrowed. The national government may suspend contributions to the sinking fund when t: - Treasury officials are hard pressed in balancing accounts, but local corporations are required to carry out without flinching their agreements with stockholders, even if rate payers are tightly squeezed. I. N. F. A SURPRISE TO FRENCH. Cruise of Fleet Reverses Opinions on American Navy. Paris. March — News of the decision to send the American battleship fleet back to the Atlantic Coast by way of Australia and the Suez Canal is received here as a crowning rev elation of the efficiency of the American navy. The statement has opened the eyes of the French public, which was led to believe that the American navy was a "paper" one; that the. cruise around South America would demon strate the incapacity of the vessels, and that If It were accomplished th* ships would be ready for the scrap heap. Even in French naval circles the belief was general that this long voyage would develop structural weak nesses in the vessels themselves, or at least serious breakdowns in the engine rooms. Many French officers now frankly say that the impressive demonstration given by the American fleet of its ability to keep at sea places the warships on an equality with those of Great Britain, arid that if the return Jour ney hi as successful as the trip around South America has been the American navy will have no superior in the world. The French Minister of Marine, M Thomson, is so impress-ed with the result of this cruise that he has instructed Lieutenant Commander cc Bianpre. the French naval attache at Wash ington, to go to San Francisco and ?end a full report of the condition of the ships and ths lessons ol the cruise. The lack of boiler accidents daring the voyage already has called out criticism of the contrast furnished by the French navy, where trouble in the engine rooms is constant, and M. Tnom son has been asked why the government does nor use the American type of boiler, which is now being manufactured in France. A feat ure of the cruise which Is attracting attention here Is the employment of line officers in the engine loorr.s. From a political point of view the decision to start the fleet from the Pacific Coast on Its homeward voyasjs in July is considered con clusive proof that Washington is convinced that the issue between the United States and Japan adjusted amicably. BLOW TO WARLIKE VIEWS. Russians Regard Fleet's Return as Ending Belligerent Talk. SL Petersburg; March 14— The decision of the American government to send th? American battleships now at Mngdalena Bay back to the Atlantic by way of the t^uez Canal and Europe is an acute disappointment to the bellicose ele ment in the Russian army and navy, whoso offi cers regarded the Beefs departure from Hamp ton Roads as the first step in an inevitable war in which the pretensions of the Island Empire were to be humbled. Furthermore, the an nouncement that the fleet !s not to remain in the Pacific is considered as an indication that the "war cloud" between the United States and Japan has been definitely dissipated. Offic'al? of the Russian Foreign Office and strategists like Admiral Rojestverrsky have from the beginning taken the view that the American battleships were* to bo brought back to the Atlantic, since the purpose of the voy age will have been accomplished when the feas ibility of transferring the fleet quickly from one coast to another has been demonstrated. The •!•• fare frequently has been expressed here that a detachment of the American fleet should visit Russia while in European waters. The Ru-'sian press has not yet been informed that the fleet la to return by way of Suez. The general public takes slight interest in th* prog ress of the American vessels. THE TWEEDMOUTH INCIDENT. Berlin, March 14.— News has reached the German court that King Edward himself permitted the in formation about Emperor William's letter to be communicated to "The London Times." Copies of the Emperor's letter and Lord Twct-dmouth reply have been shown to various* persona here, who say that the former communication contained nothing »ii). could be construed Into interference with the British naval plans. In times cf financial squeanishr.^s a clear brain and Steady nrrv<* ar. | | premium, T">rink POSTUM "There's a Reason" The Financial World. The security market of th* week has show strength, running- at periods into actual buoy ancy, closing figures for tho week feeing virtu ally at top notch. Professional explanation of this movement has dealt largely with the theory of the covering c? an extensive short interest. !Cs doubt there Is some element of fact In thin, but no short covering could be entirely respon sible for such advances as have bees scored unless the entire speculating fraternity (an in conceivable tNr><?> were committed to the short side. Something els© ma« be sought fcr to ac count for the steady appreciation, of va'Tja». First and foremost looms the 'crop sitvaOOa. Beyemt doubt in ~ harvests were satisfactory in volume an.l are finding highly - '■*•■» markets — that basic elemental facta of prosperity, agricultural wea'th. Beyond doubt, also, then is appreciable r»?tcration .» confidence In ty- integrity of th- f.r.ar.c!a! sits atlon. It begins la hi seen that the ■:-'-'>v«rtn«; of black spots. *n prominent a feature c* .... tlm«»3. actually rak<»s 'or betterment, xt is zct thinkable that there could be attempted no-w any such financial methods as were respcnjit!^ for the market cataclysm or'.sinatin; last Or tober—in proof of which stands the actual fact that prices cf securities of representative char acter are row qtsoted 10 to CO points higher than last fall. ■ Upon "Wall Street also £<.' " appreciation that rovcrr.rr.ental action is not necessarily de structive—may !--i?ed be upbuiiaics. O* course. adverse business features ass still in '.i3sjsjo» —notably the sorry record of decreased net rail road earnings. But there bjbsjbjm M hi Bfaasja tlve conviction that the worst has been seen, to this direction and that improvement (perhaps slow) may be looked f r from now ca. In cota mercial circles there is ttill contraction and hesitation, but even here si?ns are not wanting of a hopeful turning point. It is tree that ther« has been, among ether Incidents, reduction of Tk-a^s -- employes of cotton manufactories; tat this may be measurably attributed to the dlf3 culty which manufacturers encounter in seqgf- Ing adequate supplies si raw cotton at prices which warrant «■- tensive future contracts. As faming that the country la to contir.ua its con quering career tundouttabie to students -- eco nomics), such incidents are temporary and will he self-adjustable. If ray well ha that the VTaU Street moveTnecr of last fall, which outran— "discounted-— subse quent commercial depression. Is finding contrary illustration in the Wall Street raoverr-ent which, it may be, is discounting: commercial recupera tion. It hi a truism that the security market hi !.:- action Is always anticipatory. It may *9 safely asserted, at least, that there is an actual effort on the part of everybody 10 feel better, which in Itself stimulates public confidence. Towering over other sentimental considera tions is evidence that the public la no longer "looking at Wall Street through blue ■■■■■» Where far so long visions of gloom ar. '. spectra of disaster monopolized the vle^v there is n0 " apparent a disposition to recognise dM tea country is still here, its vast productiveness •.;- impaired, its magnificent commercial career, as related to the rest of the —orld. unchecked. Its capacities Just as boundless as they were ssfass the shock of horror, incidental to local develor ments. last year smote Wall Street with panir. And this Is the more important when dee rec ognition Is given to the tremendous power o* sentiment in financial matters— far CSjnsjßf transactions are ofttimes based core upon sen timent than upon fact. That fact mast ulti mately prevail is inevitable, but them are less periods when it is ignored— and through such a period baa Wail Street been stumbling. It ts recognition of such sentiment which started Qe voluminous short covering of the past week, Its 1 none is quicker to catch the turn of the t'd-» than the professional Wall Street trader. It ■ recognition of this fact which has lined up the important banking interests of tbe country In commanding port of good securities. Cf course the present movement is subject to shir? reactions due to technical considerations; but beyond doubt there hi wholesome and exhila rating chanse. An impelling and ----_■• in fmsU ness affairs hi the revelation of existing condi tions hi the stasj trade. Bora ?ince the end of last year, shows actual evidence of betterment. Nor is this influence merely confined to lncreas ing orders and promisin? prospects. It has ** one great factor the policy cf the Steel Cor poration in taking tho public into its ccr.^denc?. publishing frank and full reports of its transac tions, dealing with its shareholders anci irs em ployes In the spirit of absolute fairr.es?—jeal ously guarding the character of the tr-r:eeship of the Corporation's managers. Ncthir.? in ihes» times could be more conducive to stem the tiu-» of criticism, which has run to ur.warrantaO extremes, than this plain bastntasßta exMiiit. Public appreciation com»f» in the form cf stead ily advancing prices for the Corpcratlca'a secu rities—than v.hich, as often pointed ou: !r. t!u* review, no safer investment exii'.s e-i>-er ftoa ♦he point of principal cr yield. As time go^3 the wisdom of the founders of tha Steel Cor poration becomes mere and more eonspteaap» it Is not diScult to conceive what chaos might in these times have ensued had there been a score or more of squabbling manufacturers out bidding each other for customers and financial accommodation. As it is the Steel Corporator moves calmly on. preserves its vast scrptos (a* all time? available for money market neces sities) and maintains equilibrium tat prices ct products, guaranteeing stability to both pro ducer and consumer. For itself, for the grea*. trade It dominate?, the United State? Steel Cor poration stands for much-but not for mor» than it stands for Bl the yet troaJer world •* national thrift and prosperity. Succinct answer to almost any national criticism Is rtS&t *- t2Zid in the records which this, oar greatest, cor poration makes. In any consideration of what may be. furtha? market manifestation, even these who as* most enthusiastic over prospects will give attention v» the fact that the poor traffic returns of recent months can hardly fail to have influence apon dividend disbursements. That New York Cen tral and Atchlson or otaer siai^irly situated systems will maintain past dividend rates i« scarcely conceivabTe. in the face cf net earning decreases* unprecedented in a a.-;au<». Railway managers as sane financier? will not presume W operate any policy that is not conservative; their stockholders would not e.xcu3<» them Li any such performance. But a reduced dividend this spring need **« only tempo rarity— if normal business ccEittJon* are" actually ahead. New York Central-taHia? that company again for example— in dropping from it* present dividend to 4 or 3 per cent, mar fairly be counted on to get back ultimately tc» Wjat recently has been It? distribution: acd^ it will probably be found with others— and. »?• the very reason of this ebb the mom can t« hoped for when the business tide again coca Yet. naturally enough, traders upon the Stoc* Tot. naturally enough, traders upon the Stocm Exchange will of course become bearish ana make raids, when dividend reductions are an nounced. But for the market as a who.* trus sort of campaigning will not be more than >~n porarily effective. Let general business "nfl tions prove themselves actually improve<Kj « railway earnings begtn a~ain to ahow **—-—, aggregates, and there will be Wall stroei *p thusiaam a-plenty. W >n 14 That intrim Ically standard stocks arecaeiiP^ beyond any *ane man's doubt The stock ma, ke't as a whole has not yet moved up *g?2i?' ably. Hi ALl«*M»*»_£