Telegram-herald., 1891-09-09
SuPRlNIAED GREATEST
Our Own Country Favored Allows
Al Oshars on Exrth-
FINANCIAL WEAKNESS AID uyRESI
Msy Dfssarb SpscsIatsrs In ssssA An
srisaa sssasssiss sss AnestsA ssA
ADssseA's ssars are Psrnaansnuy
AsssEsa-Aa iatsse<siag Iatk-

ponssn. Illinois. Ohio. Indiana. psaa-
syivsnsa. New York aad several other
States where ne had evry opportunity
10 notice the great crops. has sleva ths
Telegram Herald hts experience on the
subject. and expressed his opinion oa
the bitter. black outlook In Europe.
compared vita the golden opportunis
stes U America. hcsed On her success
fui crops saw Mr.. Andrews in the
cosy experiments be occupies as the
Morton House:
This u the greatest opportunity
America haa had for decade % get
rieh.'' said Mr.. Andrews. 1T Is a
year. Ihaves Just returned
from q trip which took me through
several states. Everywhere there Is
the same story o. great crops had
che opportunity of meeting and talk
ing with the leading men OF the eoun-
try. I am satiss-ed that there will Be
q huge deficiency In European crops.
The deficiency can be made up by us
at prices very little higher than have
been paid.
Psspsrisy as Our Doors.
"T Travelled nearly five thousand
miles during the past ten days, seeing
with my own eyes. hearing with my
own ears proofs OF the abundant wheat
crops My information Is that the
maize crop Is also large The harvest
has put all question Of failure beyond
n f~ses< tf~x. AA In
America Tor ten years II this mag
nificent abundance n not interiered
with by local spectators and locked
up IN corners" we will this year get
back all the gold that has gone to
Europe IN consequence OF excess ex-
ports- It will all como hack to pay
for grain But II depends on whether
the spectators will let crops alone.
The last great corner cost the United
States $500. 100000. We can recover
IL all II the years prosperity Is allowed
TO develop In a normal. natural way
Let speculation stand back and wealth
wal pour IN upon us. Farmers will
have plenty OF money. improve their
lands. build new barns and buy more
supplies. This will give manufacturers
more to do. The laborer will share in
the general plenty. Railroads will
reap the golden harvest, employing
more men. more metals will be laid
down. fncreasing the work o: mines
md iron mills. and wealth will spread
itsef through our whols peopl>.
Every man. woman and child here
should be richer this year. But II
any corner is attempted, this prosper
tty will shrink mp When the great
corners existed the last time British
capitalists were frightened. The price
Of labor and the price OF food go hand
In hand.
''rhe manufacturers said: III we al
low ourselves to remain in the grasp
OF remorseless speculatorS banded,
against ms. they may make Us pay &2
q bushel for wheat or even S. Up to
that time the DEFICIENCIES m British
breadstuffs were always supplied by
u.s. In a conservative country general
activities go on in the same channels
unless q revolution occurs. The revo-
luton was brought about by the con-
sptyaey OF wheat speculators. England
became alarmed and turned her eyes
IN other directions. She found her sup
plies in the Russian wheat crops and
stimulated Egypt TO build railroads
and cultivate breadstuffs- She helped
India TO develop her grain fields and
provided transportation. In other
words. the wheat corners forced Eng.
land TO organize competition and
raised powerful commercial adversar.
ees.
Natural Depression Elsewhere
There Is good deal of English
money In Argentine and other repub.
lics in Central and South America, but
especially in Argentine. How, SoOr
viii this money be recovered?
This question IL asked almost daily
by hundreds OF people. There are com.
paratively few men qualified to ans
sudS it.
II viii be remembered only too well
that Argentine securities of all kinds
took a bad tumble last year, when. or
account OF their inability TO realize or
their immense holdings. Barring Bros
would have gone co the wall but for
the assistance OF the Bank OF England
and other financial houses In London
The failure os Barring Bros. would have
brought many other financial institu
tions 10 the ground That was avertst
but sense OF insecurity has existet
ever since.
II Am not at all sure" said Mr. An
dr~ws. that it woald not have beer
better for Argentine. at least, " ths
crash had bern permitted to take IL,
own course II would have been bat
for LONDON. bat out OF IL would have
come stability for Argentine. There
n ittls TO hope for under the present
govprnment. In snite Of the depiorshl.
financial condition of Argentine
honest government IL easily capable
e6 recovering ITSELF, sor n is eountr,
of wonderful resources. but II bshoove,
People IN ENGLAND to esleulste tha'
where they thought they had afo0f
they now have onlv 800. Almost any
thing would ~ better than shepresens
sfase a. initiation and uncertainty
.sye. there i~ an element In Argentine
that may pull the country OUT of it'
difficulties. but 70 " keeping IN the bac1
eYounf now. n n the-~. however. end
have hopes IN it However, do not
believe that the deht ~ n sta~ss vii
ever ~ paid In fan. Neither "a he
l,pve thar the condition. ~ Argentina
wtu eauss further financial trouble
There have been- know es you su~
e~-t. rumovs unfsvovsSse ~ the sta
6ufsv ~ the hank ~ Wessvs. Nrriesto
MT upca then1 place M reiIsrrs.
q not beli>ve the house is In danger
ov that anything ~ IN unfsvorshis
character Win happen - ". Th'
worst that Arweusinr can do In ths
w.v ~ q crisis hes be~n done has'
a~feresxa fAere ahcuk the pYeNnf an