Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-04-04
BRITAIN As A DEBT COLLECTOR.

it question whttlur nj last Great
Britain has reached point where che
must abandon her policy Of being a
collector for her moneylsndors. stript
Of comparatively small sldt-ls'uss, the
Venezuelan dispute presents this as IT,
chief problUmi aud it Is on this &c
count that the United State, has been
given the diplomatic snub related In
the dispaichos Of April SID. The his.
torlC attitude OF Great Britain upon
this point IL well known, aud 10 yer.
fcc,ly illustrated ia her Egyptian
policy, which yet may involve her
with France. To very large extent,
British foreign rotations, particularly
with the smaller nations, arc directed
from Lombard street, the abode OF tho
financiers, rather than ffom Down
ing street. tho official home
Of the premier. What the money.
lenders desIrc has more weight
than any considerations ofinternatiOn.
al Emity, unless the nation chiefly
concerned on the other side is able to
take care Of itself la armed conflict.
Ia Egypt, the British government
virtually seized tho country 20 guar.
antco the payment Of loans made uy
London nnanoiers, aud the action IN
the Venezuela case, ~ well o. that OF
Nicaragua, porlouds movement OF
the same character. The llst may also
Include Guatemala, which is now
unable TO meet H. financial obligations
aud consequently Is in an awkward
condition.
In this situation, the intimati0n that
Britain will collect the debts OF her
moneylenden by force raises
question Of Rhsorbing Interest 10
the people OF tho United statgs;
for n such policy be- carried out,
there will be Of necessity = seizure of
territory by Britain, nj leait to the
extent Of creating n pfOlsotorate over
the small republics whose borrowing
propensity and opportunity has vlrtu.
ally sold them into bondage. Such an
act would be- In oonlraventlon OF
long cherished aud strongly supported
doctrine In this country, anu would be
u q character that could easily arouse
popular enthusiasm ia favor Of laGiug
up the cause Of the southern fopubi.s
and forcing the invader from thcir
border. The possibilities, and oven
the probabilities Of such an event give
It immediate interest
Taking Into consideration tho rsat.
meut often expressed on behalf OF the
United sIateGandHt timessupporl,I Boa |
vigorous form, that European power.
shall not extend their u5u,ru. Rover. |
eighty upon the American continent |
tue Information conveyed 10 MI. |
Bayard that tho Buusn-Vouealrlgu |
dispute is not any business 90 tho Unit. |
ed SlGtss, can be- regarded u.s. nothing |
less than Hnub, however diplomatic |
may DO the language used. IL d. no, |
sufficient now TO create any apeciat |
war feeling, aud possibly GU, amba.-
sador may convince English diplomat |
isu that b, Will be- wisdom TO modify
their olalms; but % no IL not, anu
Britain presses the matter as for
aB suggested In her notes to the
southern republics, Il Is hard TO see
how tue latter can be Left TO their tate
without this government being great.
ly humiliGted.
This whole business Of government
collection OF debts to private iuulvidu.
ale 90, however getting out uf date,
though to give hual qulstus to the
policy possibly may require arguments
Of violent character 10 In Ina line
with tho ancient practice Of Impr.s1u-
ing for debit which, however good ana
elective Il nigh, have boon, slill De- |
not Ia accord with modern ideas Ao.
oordiog to thelc, II capitalists desire to |