Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-05-20
PITTSBURG OF THE WEST.
President j. j. HIPS Expectations of
Great Falls, Mont.

President James j. Hill Of the Great
Northern railway, who arrived at New
York from Europe Saturday, conferred with
the Northern Pacific reorganization COM
mittee and then started for Chicago Pre-
vious to his departure Mr.. Hill said in an
interview that Coils p. Huntington did not
put the 10 per cent estimate of increase in
business bit too nigh. as result of
the deal between these two companies.
Rates will be put up slightly all along the
line, and many expenses cut off. More
over, it means that the Canadian Pacific
will be given lively race in the building
up and development of the northwest.
President Hill expects Inuch from the
town of Great Falls as the Pittsburg of the
west, and should Tesla succeed al Niagara
Falls in making steel from iron ore, as he
says he will soon, the Montana metropolis
will become one OF the great metropolis
cities of the west, with its great iron and
silver mines.
''Will not the Canadian Pacific railway be
a dangerous competitor" he was asked.
Not in the least" answered Mr.. Hill,
1--WE can compete with any transconti-
mental line in the matter of fast time. We
have nothing to fear from Canada"
Speaking of the proposed new line of
steamships between Japan and the Pacific
coast, Mr.. Hill said: Now that the war
between China and Japan is virtually over.
1 expect that there will be a big industrial
development in those two nations, and the
United States will have, as a consequence,
a good deal of business with them. II such
4 line of steamships is established, it will
have to have new ships for fast service,
like the Atlantic liners and, of course, that
would take some time, but it will come"
What is the general feeling toward
American securities in Europe?'
The present European buying seems to
NE to be the result of investors having
more funds on hand than they know what
to do with. There has been over-specula-
tcn In Africa, and many millions have
been made in African mining operations.
Hence, they are looking for place to in
vest their profits 1t is difficult to get good
European securities, SO they are driven,
somewhat reluctantly, to invest in our
stocks and bonds. OF course, this does not
apply to American securities that have al
ways stood well, but to those that have
been more or less questioned by investors
Unless American properties are better man
aged and closer economy exercised Europe
will discount them in the future.
I'VE have got to establish 4 character for
economic administration if we want foreign
investors TO take up our securities"
What is the Industrial situation across
the water?"
The industrial situation is not picking
up by any MEANS" replied Mr.. HILL The
silk business has gone to China. The most
active business in England is the manu-
facture and sale of machinery on orders,
principally from eastern nations, like ia
pan and India, which nations are now man.
ufacturers and producers of goods of which
England has long had almost monopoly
China and India are becoming great and
peace between Japan and China will open
the way to greater efforts on the part of
both these countries to compete with
Europe in manufactured goods"