cloud of uncertainty hanging over both nations, an uncertainty liable to be fitfully aggravated on occasion, or even without occasion, by speculative manufacturers of rumors. Every business calculation will be like taking a gambler's chance. The spirit of enterprise will be depressed by vague anxiety as to the future, by the apprehension-paralysis, and I need not tell you as experienced business men what all this means as to that confidence which is necessary to set in motion the rich man's money and the poor man's labor, and thus to develop general prosperity. It is of the highest importance, therefore, that this uncertainty be removed, or at least lessened as much and as soon as possible; and the peace sentiment prevailing here as well as in England, of which the friendly message from the Chamber of Commerce in Edinburgh is so cheering an evidence, may perhaps be practically set to work for the accomplishment of that end.
A thought occurred to me when studying President Cleveland's Venezuela message, which, indeed, may well have occurred, at least in general outline, to many others at the same time, because it seems so natural. I am glad to notice that something in the same line was suggested by an English journal. The President has appointed an American Commission to inquire into British claims as to the Venezuela boundary. As I have already pointed out, the findings of that Commission will, owing to its one-sided origin, lack an essential element of the moral authority required to command general credit. This authority would be supplied if an equal number of eminent Englishmen, designated by the British Government, were joined to the Commission to coöperate in the examination of the whole case, and if the two parties, to prevent deadlocks between them, agreed upon some distinguished person outside to preside over and direct their deliberations and to have the casting vote—the
