The herald., 1898-12-21


HOME strengthen the secretary of the treasury
Il in his efforts to foist upon the country his
monetary theory make the people feel happy in believing
that the United States pethorc with money than any
other nation If there surplus such the administration
would have believe why it not invested in pro-
ducve enterprises at home! There plenty of them which
promise excellent returns to capital interested in hem and
which would add to the general wealth and promote the hap
pness of the people.
hnted that the nation which wishes to here is
Russia That country has of providing for the
it needs through taxation 1t went through the Napoeonic
the Crmean and late Turkish without having been
bar1asd for money According late statistics the Bank of
Russia holds gold to the extent of which
by far the heaviest held by bank in
Europe
There may be borrow complete the gigantic
railroad Siberia but that for internal improvement
and not to the expenses proper The friend
ship between this ubc and that absolute government is
traditional Russia is buying much of the manufactures of
this country and giving great amount of employment to
American engineers and others of scientific and practical at
tainments
If Russia is seeking interest American capitalists
affairs because she perceves she will need the friendship
of this country the seemingly inevitable conflict in the Orient
commercial and other questions in which this country
hardly avoid being involved.
In the European complications regard to Asatic affairs
and in the strategy that will be employed the position and
power of the United States will be overlooked As pos
SCISSOR of the Philippines thrust into the Oriental
tons which in reality European questions The Asatc
nations other than Japan hardly taken into consideration
The conflict between Great Britain and Russia the other
European nations will be satellites of the other This
country therefore holds influential position really
be the absolute balance of power.
Russia has failed observe the efforts England
develop and strengthen the anes of consangnty and lam
between that country and this Doubtless the United
States i'll the Oriental would be able decide the
conflict in favor of whichever side she align her
self Should Russia become debtor American citizens
material extent would naturally make them watchfu of
Russian interests and it might have strong influence pre-
venting this country from taking position her ermen
1t that Russia needs she should pass
France by which is her ally in the European conflict and
whose people have the with which take the bonds of
solvent the Russian; and money there ord
narly bears less rate of interest than here.
The holiday adjournment of congress leaves the Nicaragua
canal enterprise in very promising shape The wide discus
of the subject during the last few days has made appar
ent that Senator Mcmillan summed up the situation
ately when he said he canal will be dug that
The holiday will strengthen the prospect for decisive
action early next month. There decided public sentiment
in favor of the project in all of the country and the
uence of will be felt by members of during their
holiday at home An overwhelming sentiment
favor entire ownership and control by the Sena
Hoar probably represents that sentiment saying he favors
the securing complete of the right of way
government and pushing of the work to completion immediate
y There reasonable doubt that bill will be passed and
provision made for the beginning of active work before the end
of the session March 4th