The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-21
WHAT THEY SAY OF US ABROAD
BUSINESS AND POLITICS ON THE
OTHER SIDE.


OTHER SIDE.
Col. Gordon Says the People Over in
England Do Not Think silver VIII
Garry the Day Here-WOuld Not
Suit Them If II Did-Rather Uncer-
tain About the Cotton Crop Yet-If
II Is as Short as II Is Reported to
BE the Price VIII Go Away Up-The
Manchester Canal n Big Enterprise
and bound to BENEFIT the Cotton
Industry by Reducing Charges.
Col. W. w Gordon, whose return after
spending the summer abroad was an
nounced in yesterdays Morning News. was
seen last night by a Morning News repor-
ter. Col. Gordon is a close observer and
always has something interesting to re-
late
at may interest you to know" he said,
that I have been wearing my winter
clothes all summer. I received the Morn
ing News regularly and when 1 read the
accounts OF how you all were suffering
with the heat here l really did not feel
quite right have had my full share of
all the unpleasant things which have oc-
CURED to Savannah during the last forty
years, and I really felt as If 1 was not
doing right in staying away, and that 1
ought to be here TOUCHING 1t out with the
rest. 1 suffered more with the
heat on my trip down by rail
from New York than have suffered any
day this summer. 1 snapped my winter
clothing al once, but when l went out
this morning and found a northeaster
blowing l did not feel that the weather
had served me just right"
Naturally Col. Gordon was asked how
the people in England view the fnan-
cial agitation in this county
"They are not worrying about it," ne
said. LAS they get most of their infor-
nation concerning this country from New
York and other large cities of the east.
they feel satisfied that the free silver
movement will be defeated and they have
little cause for apprehension. Naturally
they would not view the success of silver
with favor. A prominent MGR
chant, dealing largely with In
dia. expressed his view of the
matter to me by saying: If you people
over in America are fools enough to al
vance the price of silver in India 50
that we can make larger profits on our
goods. we have no objections 1 did not
discuss the subject with any of
the large holders of American securities,
but naturally they would object seriously
to having the interest on these securities
paid in silver"
Col Gordon said that he met with some
of the large cotton spinners, but as they
depend entirely for their views upon the
the cotton markets here and the crop re-
ports, they had not formed any definite
ideas as to the reported shortage OF the
crop.
There is no question, though" said
Col Gordon, that If the crop is as short
as It is'reported to be- the price of coz
ton Will advance rapidly. If the crop Is
practically all harvested by the end of
| October as reports generally declare II
will be- 1t will not exceed 100000 bales.
| 1t Is difficult to realize what would be
| the effect of such a crop smaller than
any in recent years. found
on my arrival in New York that
the bullish sentiment prevailed generally
l told them that If they believed the crop
| to be as short as they declared 1t to be
! they should buy and buy heavily The
| best thing about the situation Is that the
realization of the shortage of the crop
| has come sufficiently early to give the
| producers the benefit OF good prices"
Col. Gordon spent some time in Man
chester, and, of course, visited the great
| ship canal.
ut is great accomplishment
of human enterprise" he said
| THE amount of money spent
in its construction Is enormous and shows
two things, the wealth of Manchester
and the confidence of her business men in
the future OF their city The canal is
equipped for the handling of an immense
business and it will undoubtedly do a
| very large business 1t is doubtful If 1t
| will ever be a financial success. but that it
will be great factor in the future pros
| perity of Manchester does not admit of a
doubt 1t has already had the effect Of re-
ducing the port charges at Liverpool which
is a direct saving TO both buyer and pro-
| Queer Manchester unquestionably has
| advantages as a destination for cotton.
and It can doubtless be handled there at
| less expense than at Liverpool for this
| reason. Liverpool has so long had IN
| questioned control OF the business that
| conditions and changes have gradually
| grown up and have become fixtures which
are not really necessary, while at a new
| market like Manchester no such condi-
lions prevail, and no unnecessary charges
will be made. Anyway, the competition
between Manchester and Liverpool is
bound TO inure to the benefit of both the
producer and consumer"