THE VENEZUELA DIFFICULTY

Temuka Leader, Issue 2912, 28 December 1895, Page 1

THE VENEZUELA DIFFICULTY

London, Dec. 22, The London, Provincial, and .European Exchanges were closed last night more quietly, but heavy sales were effected. The Standard’s correspondent wires that stocks in New York continue to fall. Baltimore merchants petitioned Congress to arbitrate. President Cleveland’s second Message was badly received. The President has signed a Bill appointing a Commission, the members of which wifi probably visit Madrid and La Hague to examine the ancient records bearing on the subject. It is stated that high officials have informed the Washington Government that the researches of the Commission will probably confirm England’s claim. The New York World implored Mr Gladstone to speak words of peace and fellowship, to soothe passions, and check the clamour of the Americans. Air Gladstone cabled that he dare not interfere. Only common sense was required.

Dec, 23. The Berlin and Vienna press continue to support England’s attitude. Spanish statesmen suggest au alliance with England in the event of war. ~ ~... Canada has asked for 20,000 magazine rifles, • .

Venezuela is blustering on the strength of President Cleveland’s Message. The feeling in England is calm, in response to the calmer atmosphere in the United States. The congregations in Plymouth churches cheered the sentiment frpm the pulpit in favor of the maintenance of peace. , Dec. 24. . Loid Rosebery declares that the outbreak of war between two mighty nations over the Venezuelan dispute would be the greatest crime recorded in the history of the world. The Times’ correspondent wires that the American House of Representatives decided that there was urgent need for increased revenue with great cheering, and suppressed excitement was evinced throughout the remainder of the sitting. The bankers’ section of the House suggests that the money should be borrowed, but the Chairman of the Committee of Ways aud Means hopes that 50,000,000 dollars will meet the needs of the situation. The associated banks have appointed a committee to be ready iu case of emergency. Heavy loans have been effected during the last few days at 6 per cent.

Mr John Redmond has cabled to the New York World that in the event of war the Irish would give solid support to the United United States. December 26. The Prince of Wales, speakingat York, replied to the New York World’s articles, and expressed his belief that the crisis would be arranged in a manner satisfactory to both countries, and that the same warm friendship which had existed for many years would continue. Paris, Dec. 12, Le Temps thinks it andacip.US to suppose that England will abide by the finding of a self-appointed commission. Vienna, Dec, 23, A panic has occurred on the Vienna Stock Exchange, resulting in enormous losses aud spores of failures. The Rothschilds intervened and bought fifty thousand shares, Washington, Dec. 22. Congress referred to to the President’s second Message to the Committee of Ways aid Means, aud adjourned till Monday. The Senate adjourned till Tuesday. Dec. 23. The total pcvmwd of the American navy is only 1446, all told. Secretary Herbert sayr that there is not a man available to form crews for the merchant cruisers.

New York reports concur that the situation has improved, the severe financial lisses having aided to restore reason.

Nvyv- York, Dec. 23. A feature of the panic on the New York Exchange was heavy gales of stock by German holders.

The professors of Harvard UufYptafty have petitioned fqy fhq maintenance of pea£9, Tho usual prayer* f Ol . peapa were offered in the churches throughout thfi United States.

The President's Message is generally denounced as the crime of the century. The New York Worlfi publishes a powerful indictment agaiuat President Clevelands unprovoked incendiarism. Republican members of the Committee of Ways and Means are in favor of the imposition of a duty on wool, which, with the issue of low-priced bonds payable iu gold, it is urged, would meet the present financial crisis. It is doubtful whether such a proposal would pass the Senate. The Stock E^vdy' calmer, aud all si cut iliac aw advancing. President Cleveland is stated to be piepanng for the issue of 100,000,Out) gold bonds, Dec. 25,. Auti-Kuglisli meetings are bemg held in Caracas, the capital of Ven zucla, and the enrolment of Mf males in tho country is proceeding. President Cleveland is reported t.) have expressed regret at a possibility of tho outbreak ■ f war being seriously discussed. Ho thinks it desirable that the Boundary Commission should hold a thorough and impartial enquiry. It is probable that Chief Justice hell will preside over tho Commission. Tammany Hall unanimously supports President Cleveland’s action. Tho Mow York World declares that. President Cleveland plauued ilia present

move fully six mouths ago. The Mes- I sage then framed was more monstrous than the one recently delivered, and really amounted to a crime on the people of the country. A leading English author has appealed to the American ties of blood and literature in favor of the maintenance of peace. December 26. Venezuela is appealing to kindred States for help in the event of an outbreak of war. The New York psess states that it is useless for the Republic to hope for any asssistauce, Melbourne, Dec. 25. At the final meeting of the Stock Exchange prior to the Christmas adjournment it was resolved to send cable messages to the English and New York Exchanges wishing that peace and goodwill might prevail.