Foreign.

Manawatu Herald, 24 December 1895, Page 2

Foreign.

Although the attitude adopted by the United States ig wildly bellicose, a pronounced feeling in favour of War is avoided. Ex-Mayor Hewitt condemns the President's Message. He advises that the result of the Commission be reported to Venezuela and Great* Britain, and if the latter declines to accept it, the United States should then press for arbitration* The London Exchange wires to the New York Exchange that, in the event of war, special steps should be taken to prevent excursion steamers hampering the movements of British warships. The excitement ' over President Cleveland's Message is subsiding, and the Senate is now disposed to discuss the propriety of appointing a Commission before agreeing to it. Even the Jingoes are opposing haste. The Americutts are impressed by the firmness and unanimity of English opinion, and chargined and surprised at Europe supporting England.

The Governors of 26 States support President Cleveland. The New York commercial men have convened a meeting to Consider the Message. Many of them condemn the President's Message as against the interests of the country, and declare it has already caused a loss of millions. Financial enterprise is at a standstill, and large sales of American stocks have been made iu England.

The R^publioan Senators are indisposed to leave the nomination of the proposed commission to Presi* dent Cleveland.

The New York Herald says the Venezuela boundary question was started long before the Monroe doctrine, and adds that the dispute does not threaten a vital point of the doctrine. The Herald also thinks the President's Message violently stretches the provisions of the doctrine.

Senator Hale has introduced a Bill to anthorise the construction of six new warships for coastal work at a cost of four million dollars each, and also 25 torpedo boats.

The presidents of a majority of the Chambers of Commerce have endorsed the President's Message, but they do not desire an outbreak of war.

The London Exchange having telegraphed to the New York Ex change urging that, in the event >of war, special steps should be taken to prevent excursion steamers hampering the movements of British warships, the New York Exchange has replied — " Hope your warships are better than your yachts."

A panic of an unparalleled character has taken place on the New York 'Change, and all international stocks have declined 10 per cent., while Government stocks are unsaleable.

The President of the Railway Board estimates that the .ciisis has caused a loss of a thousand million dollars.

Leading financial men deo'are that the present generation will not see a full recovery from the effects of the crisis. •

In a Message to Congress, President Cleveland asked the House to promptly relieve the danger of a depletion of the gold reserve. This was necessary to allay the fears of the people and to reassure the world that the resources of the United States were equal to every obligation.

The Senate unanimously passed a Bill setting up a Commission in connection with the Venezuela boundary dispute.

The London Exchange is extremely depressed, and there have been immense sacrifices of American stocks.