, 1891-08-25
A GOLDEN OPPORTUNITY
Chauncey DepeW Interviewed
Oh the Crop Question.
Says Great Wealth is in Store
for His Countrymen.
Spectators Must Stand Back
and Let Things Alone.

LONDON. Aug. 24.-Bitter aud black
is the outlook in Europe compared with
the golden outlook in America as pictured
by Chauncey DepeW as / sat In his little
parlor at Almonds hotel in words to make
Americans thankful. We had been talk
ing about the failure Of European crops
and the success Of American crops. De-
pew's eyes sparkled. This is the greatest
opportunity America has bad for a decade
to get rich" he said; ut is a stupendous
year. Mr.. Vanderbilt and mys If have
lust finished a tour that took us through
France, Germany, Austria, Switzerland,
Servia, Roumania aud Turkey. 1t was
everywhere the same story of short crops.
Then came the announcement Of the fail
ure of the Russian rye crop. | had the
opportunity of me, ting and talking with
the leading men OF many countries ana
am satisfied there is n huge deficiency
in European crops. Ii did not
sadden me. | knew this deficiency
could be made up bv America at
prices very little higher tan they had
been paying. This journey was a remark
able contrast to one which Mr.. Wander
bilt and | took before sailing from home.
Wetravelled nearly e. 900 miles in America,
seeing with our own eyes and hearing
with our own ears the proofs of an abund-
ant wheat crop. My information is that
the corn crop is also large. The harvest
has put all questions of failure beyond
discussion. 1t is the best year for ten
years. If this magnificent abundance is
not intcrfered with by local spectators
and locked up in corners America will
this year get back all the gold that has
come to Europe in consequence of the ex-
cess of exports. 1t will ali 20 back to
America to pay for grain, but it all de-
ponds on whether the spectators let the
crops alone.
1.-The last great corner cost the United
States $500, 900, 600. We can recover 1t
all if this years prosperity is allowed to
develop in a normal, natural way. Let
speculation stand back and wealth will
pour in upon us. The farmers will have
plenty OF money to improve their lands,
build new barns and buy more supplies
This will give the manufacturers more to
do. the wage workers will sharr in the
general plenty, the railroads will reap a
golden harvest, employing more men,
more side tracks will be built, increasing
the work OF mines and iron mills. Wealth
will spread itself through the whole peo-
pie. Every man, woman and child IN
America should be richer this year, But
if any corner is attempted this prosperity
will shrink ID. When the great corner
existed the last time British capitalists
were frightened. The price of labor and
the price of food go hand in hand. The
manufacturers said: If we allow our
selves to remain IN the grasp of remorse.
less spectators, banded against us, they
may make us pay 81 a bushel for wheat,
or even SO. Up to that time the detici'
ences IN the British breadstuffs were al
ways supplied by America. In n con
sentative country general activities go
on in the same channels unless a
revolution occurs. A revolution was
brought about by the conspiracy of wheat
Spectators. England was alarmed and
turnei buyers in other directions. She
found supplies in the Russian wheat crop,
stimulated Egypt to build railways and
cultivate breadstutfs, helped India to de
velop her grain fields and provide trans
p%oItatIOn. In other words, the wheat
cornerers forced England to organize COM
petition and raised powerful commercial
adversarIes. Coming fresh from the
grain fields Of America and having sur
veyed Europe, | am certain nothing can
prevent America rolling in wealth this
year but another attempt to corner the
market"
"Dld you read the declaration Of Lid
derdale. governor of the bank of England,
to the effect that England was lower than
ever before, but there was no danger of
any financial crash2'' | asked.
II did. said Mr.. Depew, land | re-
gard it as the most important statement
made anywhere in the world this year.
Since nv return TO London ! have veri-
fed every word spoken by Lidderdale,
and can add my assurance to his that not
an IN important failure is in sight