The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1895-03-21
HILL ON CURRENT QUESTIONS.
President os the Great Northern Inter.
Viewed In New York.

President os the Great Northern Inter
viewed In New York.
New York, March 2l.-President J.
J. Hill OF the Great Northern has left
for the West, having spent 10 days here
since his return frem Europe, perfecting
some arrangements for the greater de-
velopment Of his road. Before leaving
President Hill consented to talk briefly
as to the conditions precedent to return
ing prosperity. In answer to aquestion
rs to the general outlook he. said he
could not speak intelkgently except as
to the country between the Great
Lakes and the coast
There is not a brilliant prospect
ahead" he said. There is at present
no particular feature indicating a
speedy return to past conditions of pros
perity. think this viii be matter of
slower growth. The want of employ
ment for mechanics, miners and opera
tives in the various Industrial lines be-
gins to send these people onto the land
where they can secure a home Of their
own, and comfortable living in any
event, Notwithstanding the low price of
agricultural products
Whore the Trouble Lies.
'What appears to be the trouble %
I'm general way, the increased
means Of transportation, improved
methods for handling exchange and
credit by telegraph and cable, and, in
fact, the increase in better facilities for
doing business between the commercial
nations has brought the whole world
much closer, and any material condi-
tion which largely affects one Of the
commercial nations makes itself felt by
all. think that the manufacturing and
landed interests Of Great Britain are
suffering as much or more than those of
uny other country. The cotton spinners
Of Manchester are losing their business
in the East to Japan to an extent that
Japan is now. supplying the Eastern
market with more cotton yarns than is
supplied by England, Notwithstanding
that England had practical control of
this entire market few years ago. The
English live stock feeder has to compete
with the well fed stock of America, but
the improved methods of preserving
meat in transit enables the sheep farmer
of New Zealand and Australia to supply
the British market at a very low price,
and if the quality. Of their meat is not
SO good, the price is SO low that it is
readily sold.'
3 Mr.. Hill also spoke Of the superiority
of American railroad methods over those
Of Europe, as illustrated by the fact
that the Americans roads could and did
haul freight at about half the rates
charged in Europe.
''Will the unemployed have to take
to farms in order to relieve their condi-
tion?"
s'The movement from the industrial
cities to the land in the Northwest is
daily increasing in volume, which is
evidenced by the increased demand for
railroad lands ON our line and the still
larger movement to free homesteads OH
government lands, and the extent of
this movement is rapidly increasing.
The interest exhibited by the unem-
ployed in seeking homes on the lands is
greater than it has been for many
years, and must result in rapid settling
up of the newer portions of the coun-
try, as has always been the case in the
past, following a period of general de-
preston.