, 1890-02-27
THIS ENGLISH MONEY
Its Effect on This Country.
Variouss Views on the
Subj ect.
Six Eastern Newspapers Discuss
the Matter in All
Its Phases.


According to an elaborate calculation
made by the Sun, 500. 900, 900 of English
capital have been invested in various
American industrial enterprises within
the last twelve months, and the pros
pect is said to be that In the present
year a much greater amount will follow.
What the ultimate effect ol thcso
large Investments on tho mercantile
welfare Of the county may prove TO be
whether on tie whole such interests Will
be affected iayorubly or adversely-is nt
present q purely speculative question.
Practically, the community of interests
should make u strong bond OF political
acoor<i and fellowship between tho two
countries Hut IL Is no disbursement
OF the uuor nature Of the Eugiish iH.
weston to say that Nis motive In putting
his money into American enterprises is
purely OF a business sort, with not II
spark OF sentiment abont II,
BALTIMORE AMERICAN.
The chief danger of somo Of these
foreign investments Ia that, In case they
prove very remuneratiye, they will he
come t,rain on the country, es tho
profits will necessarily be sent to the IN
yestors.
PHILADELPHIA INQUIRER.
The indications are now HAT tho cur.
rent of English capital having once set
in this direction, II will Increase in
volume steadily, This will mean more
rapid development ot tue country than
ever. More coal and iron Will bc dug
out of the ground, and faster than ever,
and this, acconiiug to MIR. Gladstone :
Views, Is drawing uI'On our capital. As
yet tho country is mot ovsrpOpulated or
ovcruevcloped, and TO pcuorgiiou has
E.NFN 10 .f.ara
of 900 years uiterward. The rule l. TINT
what seems Lest for tile time must le
done, anu for the present time iOTci IN
capital Will directly or indirectly mako
more work and put mora money in elr-
oulation among more people.
ROCHESTER UNION AND ADVERTISER
The Importance OF this vast and in
oroasing British interest In American
prosperity as factor in the poll teal md
commercial relations between tho
United States aud Great Britain is n
consideration OF decided interest. II
will soon be question Tor tho political
economists and tho magazine writers
whether the Americans are working tur
the support oi the British or the British
Tor the support of the Americans OC
whether both are merely working to-
gethcr Tor good.
UTICA OBSERVER.
Assuming that these figures are cor
rect what is there in them to harm usT
The two hundred Odd millions must
have been paid over in the main to
American citizens. he latter will not
leave til capital idle tut Will seek new
investments lot it and thus create new
values. Where, then, Is the injury 10
the countryp
ST. LOUIS oLoBE-pEaocTAr.
Better opportunities for profit were
offered here than elsewhere, and so long
as these conditions continue, or as in
vestors abroad imagine that they con-
tinue, the money will flow hithrr while
neither ridicule nor persuasion will
lessen or divert the current. The gain
from recent purchases here on foreign
account may not he cs great to the buy
ers as to the sellers, but as the buyers
fell con vinced thnt 1t is greater than
they could obtain by invest ments at
homo the money will continue TO come
10 us. But whether the gain he or I've
not as great as has been looked for or
expected, this country will be largely
benefited by the Investments. The hi
flux OF foreign money releases n proper
tionate amount of domestic capital,
which Is thus rendered ay aiiablo tor the
further expansion and development OF
the copntry's Q industries and activities.