FINANCIAL AFFAIRS ARE BAD IN EUROPE New York Dec 3 Frank A Vander lip vice president of the National City bank and formerly assistant secretary of the treasury has baa returned to hi his hla hlade desk de k after an extended absence enee ab abroad Asked as to the result of his observe observation tion Kr said The situation everywhere on the theother theother other sWe s is materially depressed I L think the tide has turned In Germany but there are a number of un us unemployed unemployed employed men there The situation in Russia was most moat unsatisfactory f when I was there therein in the spring but all the information I gathered on this last trip though h I did not visit Russia again was that t it had at least not become less lees so and it was probably pro bly more un unfavorable unfavorable Unfavorable favorable and 7 In Paris there is I depression depre lon great dullness on n the bourse with corn cwm plaints of general trade dullness Ev Every Every ery cry one ODe in England is depressed be because because cause of the South African war and it Its enormous cost coot eo t