The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-04-23

these lands. We passed this alien land
law, and this In n proposition TO rc-estab-
lish that industry. Laughter.
Mr.. Smith: ] did not thoroughly under-
Mr.. Clunie: He says II Is nm industry To
swindle those foreigners who bought
mining land.
MIR. Smith: Well. who cares what the
foreigner does with his money? i do not
propose 10 act as guardian for him. You
apply this bill 10 the territories alone.
The result is simply that IL drives capital
from the territories either into Mexico or
some of the adjoining states. .
In further discussion Mr.. Holman n
Mr.. McAdoo opposed the hill reported BY
Mr.. Carter's COZ umittec, the latter gentle
man insisting that the exception which
the amendment proposed would destroy
the force Of the original law. In the
course Of his remarks he yielded the hoor
to Mr.. Smith Of Arizona, who said: "lf
you know anything about the matter, can
you personally point this house to a single
instance in al the cases where mines
have been sold freely nj home and abroad
where the American laborcr has not been
benefited by such sales n where the de-
velopment OF our mineral resources has
brought about any OF the consequences
which are suggested by the senator from
Vermont in the extract which you have
read, or which you have suggested your
self? Can you point to any instance
showing that the sale of mineral lands as
proposed 20 be permitted by this bill has
any relation TO the holding Of our agricul-
tural lands by foreign capitalists"
Mr.. McAdoo: Millions OF dollars brought
from Europe aud invested in mines In this
country, will, OF course, employ "a number
OF people To work those mines, and they
win be paid for their work; but that
money which they receive and that tenn
porary employment which you give them
In that way Is an advantage secured at the
expense of correct principles OF govern
ment and is n nj to the American
people. These mines, IL valuable, will he
opened anyways III every foreign capitalist
died Tomorrow. These laborcrs, for the
mere opportunity OF working very hard
for comparatively small wages, are being
disinheritcd. they and their children, by
such laws as you propose. For the pres
ent boon Of having n mine ~opened,of hav-
ing a certain number OF men employed
and paid wages for doing something
which will be done at any rate, we are
FORGETTING almost all our political rights,
e~ndangering the liberties of the republic,
and inviting foreign capital to own that
which constitutes the very foundation and
stability of the state-the soil of a country.
Mr.. breckenridge, of Kentucky: The
gentleman will allow mt to make an In.
quiry. II mines are owned and operated
10y foreign capital, and there is n profit,
where does that profit go:
Mr. cAdoo: The profit goes back where
the capital came from, thus sapping the
strength Of this land.
NJ. breckenridge of Kentucky: Was
not that one Of the principal reasons why
the alien land law was passed?
Mr.. Holman: Certainly.
Mr.. McAdoo: Undoubtedly.
Mr.. breckenridge of Kentucky: In
other words, il was the object to encour-
age the development of our country by
our own capital, instead of permitting a
system of absentecism, The profits of
which would go outside Of the country.
Mr.. Carter: Let me ask the gentleman
from New Jersey this question: Where
does the loss fall on mining stock that is
owned abroad?
Mr.. McAdoo: When American aborers
are thus employed by foreign capital the
results of their industry u their skill In
the production of the precious metals go
across the sea
Mr.. Carter: Does not the gentleman
know Il to be a fact demonstrated by sta
tistics that where foreigners have invested
i'm American mines they have not, on the
average taken out one dime for every dol
lar invested?
Mr.. McAdoo: Then those foreigners
must be the birces, lot of donkeys and
imbeciles that ever lived, to come over
here and invest their money in enter
prises which return them no profit. !
have before heard this old legend, this
fairy tale about foreigners being so guilt
lille as To rome over here with their mill
ions and DUNN them down without taking
"A cent OF profit away. IL that were true
they would be either the most benevolent
and philanthrohic men In the world or
the biggest lot of fools that the world has
vet seen.
Mr.. Carter. There Is an adage in our
country To the effect that ''outside money
keeps M the camp;" and Il is almost
strictly true i'm regard Ia the mining in
yestments Of foreigners.
Mr.. McAdoo: BY encouraging these in
ycstments OF foreign capital you are dis
counting the future for the small gains of
the present; YOU may make a little money
to-day; YOU may ''boom' a community
for a short time upon foreign capital; hut
you are doing IL at the expense i'm the fi-
turc of every man, woman and child i'm
this land. II n few colossal fortunes are
made by spectators in mineral lands by
dealing with foreigners, what advantage
il il Ia the people of the United States,
even IL II h. n fact that a few gullible for