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The collapse of Oscar Wilde's case and subsequent arrest, says the correspondent of the 'New York World' on 5th April, have cause a sensation without parallel in London since the exposure and flight of the forger Pigott during the sitting of the Parnell Commission. Still, since Wilde's first day's testimony the result was foreseen. The expectation was that the jury would stop the trial and return a verdict for Lord Queensberry. Wilde's lawyers acted wisely in consenting to a verdict at the stage the suit had reached. If Lord Queensberry's witnesses had been examined the judge would have had no recourse, but must have issues a warrant for Wilde's arrest on a charge entailing as a maximum a penalty of twenty years' imprisonment, but upon the evidence already unfolded, if Wilde is convicted, it can only be of a misdemeanor, for which the maximum penalty is two years' imprisonment. Wilde looked a changed man this morning as he slunk into the court buildings. His complexion was ghastly, and altogether he had the aspect of a man who had passed a wakeful and anxious night. To an interviewer Wilde stated, in a nervous tone quite unlike his flippant audacity as a witness, that he had withdrawn from the case to spare Lord Alfred Douglas the pain of testifying against his father, adding that he willingly sacrificed himself for his friend. That was the hollowest "bluff." The truth is that Wilde's chief lawyer, Sir Edward Clarke, decided after the close of Thursday's proceedings to withdraw from the suit. This decision was immediately communicated to Oscar, hence the restless, hopeless night he passed. Wilde's lawyers say that up to that time he had never evinced the slightest appreciation of the enormity of the accusations against him. It was only when the imminent prospect of his taking Lord Queensberry's place in the dock dawned upon him that he lost his self-command The mass of testimony ready to be given against him, as foreshadowed by Lord Queensberry's counsel, took Wilde completely back. The 'Word's' correspondent hears that this testimony was tendered by the police to Lord Queensberry's lawyers, it having accumulated during their investigations. They had planned a public prosecution if the case had proceeded. It is rumored that one of the reasons why Sir Edward Clarke decided to stop the trial was that to go on would have involved the disclosure of the names of distinguished personages, but this story is discredited. If Wilde had escaped to the Continent he would have been safe from arrest, as he could not have been extradited under the charge. It was reported he had fled, but he was seen in Chelsea at 4 p.m. to-day, and was arrested by 7 p.m. Mrs Wilde, who is distracted with grief at the turn affairs have taken, has about £500 a year of her own. For the last three years she has received no financial help from her husband.

Ever since the Police Court proceedings the bookings for both Wilde's pieces have steadily declined. The London public will never tolerate the performance of any more of his plays. Thus his principal means of livelihood is gone, and as he lived very extravagantly he has nothing from the large income he has had for some years.

FLIGHT PROJECTED.

A later London cable says:—"Oscar Wilde was arrested by a detective of Scotland Yard this afternoon on charges growing out of his own evidence given in the libel suit against Lord Queensberry, which was decided against the dramatist to-day. The warrant was issued on the application of Sir George Lewis on behalf of the Public Prosecutor. After the trial this afternoon Wilde went to the Westminster Bank, where he drew out the funds to his account, after which he was constantly shadowed. He returned to his hotel, accompanied by Lord Alfred Douglas, only remaining a few minutes, after which they drove off to Ely place, and thence to the Cadogan Hotel, where they vanished. The Scotland Yard authorities issued descriptions of Wilde, and spread them over the city, and he was captured before he could get out to the country, as was evidently his intention. He was taken to Scotland Yard and locked up; then he was taken to Bow street and placed in the dock. At the police station he stood with his hands in his pockets while the charge against him was being taken. The police inspector then read the charge aloud, and asked Wilde if he had anything to say, adding the usual warning that anything he said might be used against him. The prisoner, apparently indifferent, made no reply. He was then searched, after which he was locked in a cell. Subsequently Lord Alfred Douglas went to the police station and inquired whether Wilde would be admitted to bail. The police inspector explained that Wilde was arrested for a criminal offence, which did not allow of bail being accepted until he had been arraigned in court. Lord Alfred seemed greatly distressed by this information. Sworn informations have been lodged against several persons mentioned in the trial, some of whose names were not made public. They will be arrested."

WILDE'S EXPLANATION.

The 'Evening News' to-day received the following letter from Oscar Wilde, written upon note paper of the Holborn Hotel:—"It would have been impossible for me to have proved my case without putting Lord Alfred Douglas in the witness-box against his father. He was extremely anxious to go into the witness-box but, I would not let him. Rather than put him in so painful a position I determined to withdraw from the case and bear upon my own shoulders whatever ignominy and shame might result from my prosecution of the Marquis of Queensberry."—Oscar Wilde.

LONDON, April 5. - The case of Oscar Wilde against the marquis of Queensberry for libel was brought to a close this morning in a verdict in favor of the defendant.

The jury found not only that the defendant was not guilty of libel, but in a subsidiary verdict declared that the marquis of Queensberry's charges were true and had been made for the public good.

The Old Bailey court-room was crowded almost to suffocation this morning when Mr. Carson resumed his speech in behalf of the marquis of Queensberry. It would be his painful duty, he said, to put upon the witness stand men who would speak freely. They were of the class of servants, valets, etc., not belonging to Mr. Wilde’s station in life, not interested in literature or art, yet they addressed this distinguished dramatist by his Christian name, Oscar, he, in turn calling them Charlie, Freddie, etc. Mr. Carson said he would produce overwhelming evidence of the abominable immorality of this man, Wilde.

Sir Edward Clarke interrupted Mr. Carson and said he had undertaken a great responsibility in defending Wilde against the charges made against him by the marquis of Queensberry. In regard to the literature which Wilde had published and upon which Mr. Carson had questioned him, he (Sir Edward) had come to the painful conclusion that it could not be expected that the jury would find a verdict of guilty on the actual words used by the defendant, viz.: that Wilde was posing as a devotee of unnatural practices. He had consulted with Wilde in the interior of the adjournment of the court and in order to save the court the painful details connected with the rest of the case, he was prepared to accept a verdict of the jury in regard to Wilde’s literature.

The judge interposed and said if the jury were justified in agreeing upon a verdict on one part of the case they must return a verdict of guilty or not guilty as regards the entire case.

The jury then rendered a verdict of not guilty, to which Sir Edward Clarke assented, and supplemented their verdict with the declaration that the charges made by the defendant against Wilde, which constituted the libel complained of, were true and that they had been made in the public interest.

When the verdict was rendered the marquis of Queensberry left the dock amid loud cheers. The judge granted an order requiring Wilde to pay the cost of the defense. Mr. Wilde was not in court when the verdict was rendered.

The reports previously cabled in regard to Mr. Beerbohm Tree's connection with the case were inaccurate. Mr. Carson explained to the court last evening that Mr. Tree received a copy of a letter written by Wilde to Lord Alfred Douglas, and thereupon sent for Wilde and handed him the copy. Mr. Carson said that Mr. Tree had cabled the information to him and it tallied perfectly with the account given by Wilde in the witness box. Mr. Carson added that he thought Mr. Tree had acted perfectly right in the matter. The judge said there was not the smallest ground for any suggestion adverse to Mr. Tree, who had acted with perfect propriety.

Sir Edward Clarke agreed with Mr. Carson and the judge that Mr. Tree could not properly have done otherwise then he did.

The marquis of Queensberry’s solicitor sent to the public prosecutor a copy of the statements of all the witnesses which the defense intended to call to the stand together with a full shorthand report of the trial as far as it had gone.

Sir Edward Clarke held his consultation with Wilde within the precincts of the court this morning.

The Westminster Gazette says: "Mr. Wilde hurriedly left the building during Sir Edward Clarke’s statement. A warrant for his arrest has not yet been applied for."

Wilde and a companion drove from the Old Bailey to the Holborn hotel where they were joined soon afterwards by Lord Alfred Douglas and a companion. The four took luncheon together in a private room. Wilde's carriage remained in front of the hotel.

The Evening News has received the following letter from Wilde, written upon the notepaper of the Holborn Viaduct hotel:

It would have been impossible for me to have proved my case without putting Lord Alfred Douglas in the witness box against his father. He was extremely anxious to go into the witness box, but I would not let him. Rather than put him in so painful a position I determined to withdraw from the case and bear upon my own shoulders whatever ignominy and shame might result from my prosecution of the marquis of Queensberry. OSCAR WILDE.

OSCAR WILDE ARRESTED. Taken to Scotland Yard on a Warrant This Afternoon.

LONDON, April 5. - Oscar Wilde has just been arrested and taken to Scotland Yard. At 3 o'clock this afternoon a solicitor whose name is not given applied to the Bow street police court and obtained a warrant for immediate execution. The court officers refused to give the name of the person upon whom the warrant is to be served, but it was learned late this afternoon that the warrant was granted against Oscar Wilde.