New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-08
AMERICANS As FINANCIEfo.
HOW THEY ARE REGARDED ABROAD
LONDON AND PARIS AMAZED AT NEWYoi'h
RECENT DISPLAY OF POwER-A TALK

WITH MIR. PAGE.
One Of the passengers on the Tcuonic. which reached
here Wednesday afternoon, Nathaniel fasc VI
Washington, who has made twenty two transatlantic
trips in half that number Of years, and has be'nnc
well known among the fnanciers of the English
metropolis he j, here. Less than two months ago
Mr.. Page left th, city for London and Berlin "u' "
that short space Of time he Ina, accomplished the Pur
pose OF hi, trip. found ample opportunity for ENJOY
ment. and travelled home in lcisuiey way
Tribune reporter found him at the Fifth Avenue ilote
Yesterday and chatted with him about the iahciai
crisi, IN the foreign money centres.
Il just about tight squeeze as LONDON
could stand without going under" said Mr. Page 1or
had the assistance from the Bank Of France pcch
withheld another twenty four hours. the Bank OIL hhE
land could not have taken up the Earrings Obligations
and scores Of smaller houses would inevitably HlNe
followed the collapse of the Baring-. The hailhs
guarantee is backed up by names than have been
made pablo, for il required tremendous Hhc vi
credit. am informed that English capitalists nave
lost over 1900 900 900 in South American spccuatloS
in the last five years. you appreciate Wiat
drain there has been the Golfers Of London banking
houses. This money about equally divldeh Dc
tween government and industrial investments. ana IL
looks Is if the bulk Of Il were total loss i"o
instability of the south American governments. and the
Inscriptions schemes Of their politicians are
responsible for this wrccsage Of English capital When
il will end and how no accurately forc,cc
There must Ne liquidation and footing mp Of balances
before confidence be fully restored That VIII
require many months Of inquiry and scrutiny.
Then You do not look for rapid building up OF
credit, ," the reporter asked Mr.. Page.
IL do not he replied. though, spite this great
squeeze England i, commercially sound at the core.
This has been >loughinc of. though II has gone
deeper than was expected. II will result there. and
anticipate I'm h- country well. in the withdrawal ~
capital from purely speculative highly watcfod enter
priSos but believe the valid ones Will find mo- great
difficulty securing capital The crisis has helped MS
in this respect that IT IA, demonstrated 10 the world
and "a no country than England. that we can tako
care Of ourselves over here. The New ork with
stood the crash surprise - Londoners, ana an
agreeable one. can to Americans 's'ine
in London The time. II opened the eye OF foreign
crs and raised this country considerably in their e>ti-
nation H. money centre.
This better impression regarding american affairs
continued Mr. Page comes at time when tnglahh
is feeling that scored point ahead OF her IN
gathering the American republics under our wing
aud in-urinG the stability Of the Governments on the
plan ontlined by secretary blaine His policy is re
garded abroad n0ti,o T. European countries ti"t
America ha, the power and myth to dominate tho
Western Hemisphere and that We are gong to DO H.
England wa preparing to do just what secretary
Hlainc has done in south American affair, and his an
ticlpaton of their purpose brought them 10 regard
him a, the leading statesman Of our country lm'
and his rec,nrocity policy have fixed forever hi status
abroad A. the foremost American in public ne
what did Won hear in England about the Mckinley
bill the reporter inquired.
~Cou.ulG cncal New told me just before sailed
that there had been no decrease either iu TIE number
Of invoice, or the value Of goods exported to this
country since the measure became a law Mr. Fa-e
replied That IL a surprising fact bat II shows t"'u
England regard. America a. her best customer al.
she can't sell u, one thing he Will try another. Inv
ham If %
election returns reached thor" had 10 stand 60 Il 'c
cf l.d!uscc Tie Democrats have tie advantage ~
u, abroad Nj the English pre-, Ii Democratic qua
30 are all the English people. on oH, "..'Ic w."
ufrDrf Itab.c 1t was in such company for American,
who supported the Republican ppncl Ire news 80, 4"
a. ldtr, and I'm every English business house that
visited wa, asked tx probable date for The repeal
Of the Mckinley biz. Fhcy took II for sIah'"I tit'
n ,yond be- repealed this winter. The only cTnfgr-
Ing moment an American proi'cu"Isi 'ou!u scl "uI'Ht
.,,ch talk, wa u watching the shad" 81 d.appolHt
49,, 'i,., Invariably came over the Engli-lmrns
t,rr, when they learned that Republican 7uat. !u
PRECEDENT stood in tic way " any repeal oi 'io
la not III, feens Of pr9b:1!;c Tcpc39i .ttoR2r4 1
Ens,h manin' ,ufcr. %n@ Wcf' i'
II did at hr-t." replied Slr I%s@i untI thcy %eI'
made to uuGe'na how mnrooa'gS osoy TPe or va" a.
I.ll-b manufacturers realize that National policy
p,,.ti,r and that sooner or later they must
j. i2r It ,,,, t' >rcr, What they eli her. Il they
hone ~ retain our trade. heard good d'hl III
Iondon ahout preparations for "tt.a'h'Hs bIa'u
English factories erected here 90 the next r." NeiI,
/ ,u also Of tho opla,n that the 2tram oi fnIl-h
been diverted Fl" ~, country h\ Nv" Ar..,' ,.,,
the riticuuc~- Of All their previous lN'-N' H ''I'
England feel, that secretary L.fnr~ p'u,' give i'
ui',-i state au inside track there Oh lll worthy in
ye-tmerIt,, AID that she NOT 10 position - conc
our right. The admirable exhibition l." me "oiI' "I
oar strong financial -ouuduc,j. when London wa, 10
d.,irc, has done NOR" to help Ms ID teNc d'Ieouo"'
than all other influences combined