Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-11-14
4 mo STORY

II 10 not quite In order that the story
IN our dispatches regarding the cren.
,ion OF an immense syndicate 90 lease
and operate the Philippine Islands
lasould come from Paris London .s
the place made famous not alone hy ii'
great population and commerce but hy
many gigantic speculative schemes Zoo
foreign lands beginning with che Eaf,
India Company a long ilms ago nnl
extending on 20 the days u The nlr-
naios ana Barnga and ii5olcya The
dispatch locates he staemc above zee
forrsd TO-. By Inference at it,HL .n
Paris, but ), II quite ilkoly that ihc
working capital and head center u 'he
concern will be found no; FAR from ihe
place flfai herein spoken d. jus, across
me channel. the worids metropolis.
London. that H. Il there 10 anything at
all In the story
The amour; q NE capitalization is
Itself suggestive o. great things Even
IN these days " opulonce among the
select few and titanic undertakings 10
evcry direction. the Philippine scheme
stands out AZ boldly as the statue q
Liberty EnllghienlnE the world. II
IL the uncouniablt sum % iiOo, 900 900
i.iat the syndicate proposes 20 raise. oi
this spain Is to be made complainant
with a douccur Of 1880 900. me reign.
Ing power IN The isianda-conocdsdl
the United staies-ia 20 be paid ti2t..
100000 for twcnty-nyc.ycar lease.
aud the other 800. oo0. 900 win BE- used to
begin business with and ret things In
working order. The company la 10
have the exclusive pri ,ilegs Of collect.
Ing and owning all revenues from cua-
toms duties. taxation and W on. while
the rclEning power spoken OF Il % ad-
minister the clyll and military govern
meni at It's own expense and. u course
secure and maintain stability. tranquil
l,y ard the other safeguards with
which cntrvnched capital likes 10 be-
surrounded. 1, would thus appear ,ha,
the government would have 10 be con-
aueied. come war or peace. on a p,at-
"a income " E.Ooo.Oo0 year. which
would be ample ana should leave 4
large margin n too much ala not hay'
to 20 10 keeping the natives In a stat
II otderly subsection.
II Ia vaguely lntima'ed that a proml'
nent figure In the project IL a wei
Known promoter ana experimental
formerly OF this city. but for several
Tsars pas, residing In London--Johr
W. Young. II this b. the ease. u on.
y goes 20 show what was previously
Known hereabout. that he h u hard
nan 90 down and keep down, lie comci
n the right kind q people 60 be persist.
mt ana perseyerlng IN the midst u
misfortune. and those who will wish f1i
aim abundan, success IN such or an,
legitimate enterprise mr. by no mean
lew ana FAR between. lie may hayl
been all along one o. those men o
whom the "Newl" recently spoke a
being ahead Of their day. Certain !
Il that some u bis schemes In Ih,
country. though Well laid and prlape.
lively great thInra FOR everybody. g..
lat through apparent lack u juiEmau
'cgarding thelr present feasibility uul
he ihrinkhgc VI funds at iimcs Whel
meh shrlnkagc meant collapse. u
,.her words. Mr. Young was thought 9
20 somewhat visionary az initnsfl
PRACTICAL times. that he was full-lrbs
u the dark Of the moon ana saw th.nE
- they ought to and promised 20 b
naiead ~ az they actually were li 90
line. without reatric,lun In the mat
er u capital h. would be- likely, s.
hink. to push any proi,s; he m.gh' Nm
iertalse 4, a successful Issue, but u
mount " nerve ana brain can oom
nand succcas Ia great cnisrprl
With the sine qua non 90 cold cas-
xls,inr only a. an lrIdcnsnt dream.
Mr.. Young has not bosu heard %
keep, through private sources &.
ONE time. Il ls Go hs hoped De- 81.
freak the lolE silence In the manu'
Indicated and retrieve something or h
ormer estate. No one would b. r7ri
Z be realized a great iur;sal.