Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1898-12-25
Mr.. JAMES BRYCE'S WARNING
POINTS OUT THAT AMERICA IS OUT
STRIPPING EUROPE.
Much Interest in London iu Choice of
Successor to Mr. Hitchcock as
Ambassador to Russin-The
Queen and Party
Politics.


ing attention in Europe in general and in
Great Britain in particular. overshadowins
the dreary br9ls OF domestic politics. is the
remarkable. aggressive, commercial pros
Pei1ty the United States is manifesting'
Hardly q. newspaper review or a pubic
speaker during the past month has failed
to notice with what giant strides America
is coming into the first place in the aisn-
ment cf the powers. 1t is certainly the
chief subject of conversation on Lombard
street and on the Continental bourses.
The manager of one of the greatest Lon
don banks recently drew an American busi-
ness man into his private office ana SAID,
in an awestruck tone:
This is the first time in the history OF
finance that New York has been in 20
sition to dictate money rates TO London,
Berlin and Paris
The bank manager added that London
purchases of American securities were
feathers weight compared with the BAL
ance OF trade in New York's favor.
Mr.. James Bryce, in a speech before the
Leicester chamber of commerce. sounded Il
warning TO British manufacturers. He
! emphasized the fact that the exports or
the United States and Germany had in
creased 34,00000o pounds and 2l.Ne."o
pounds. respectively. between 1881 and 1897,
while Great Britain's increased 100000
pounds. He further pointed out that the
business of the United States was de-
veloping along many important lines while
Great Britain, he added, should have held
against all competitors. Mr.. Bryce un-
hesitatingly asserted that the United States
could produce rails cheaper than Great
Britain, and said he saw no possibility OF
opening new markets except In China.
Great Britain seems to have become rec
onciled to the capture of the iron markets
by the United States. American firms are
uniformly successful in bidding against the
British firms. The Carnegie company and
the Illinois Steel Company have opened eX-
tensive offices in London, and are making
inroads upon the British preserves Colonel
HunsikeT. the Carnegie representative. has
contracted for 80 900 tons of plates for the
Coolgardie road, Australia, and the COM
pany was unable to undertake the contract
for 30,000 tons more.
a dispatch from Berlin says it is fact
that the Russian government has ordered
5000 tons of American rails, and the pros
pect OF American competition for the con-
tracts in connection with Russia's extern
sive railroads alarms manufacturers here
and elsewhere. Consuls assert that all
Europe is swarming never before with
the agents of American manufacturers of
steel. street railroads, electrical apparatus
and all kinds of machinery. who are lead
ing the commercial invasion.
The report of attempts TO float a Russian
loan in New York have been received skep
tically here.
Several fnanciers have told representa-
tiveS of the Associated Press that Russia
tried to raise money in London. Paris, Ber-
in nd Arpc nd tbnt ha t,
have turned to the United States as a for
lorn hope. possibly with the view of reap
ing incidental political advantages. But it
| is admitted that it is a question of short
! time when capitalists will have to reckon
with New York as competitor in high
| finance.
| The Daily Chronicle comments upon the
| fact that American capitalists have the
courage of their financial opinions if they
| think they know the European situation
| better than the capitalists of the Old
| World.
There is much interest here regarding
| the choice of d successor of Mr.. Ethan AL
| len Hitchcock, as United States ambassa-
| dor at st. Petersburg. 1t is considered
| that the post demands the presence of
the strongest diplomat. in view of the en-
| trance of the United States into the East.
Washington, though a transfer from
| Washington to Constantinople or Madrid
| has hitherto been considered in the service
as being promotion. Russia expects Pres
| ident Mckinley to reciprocate.
Mr.. Hitchcock carries home with him the
| conviction that Russia is still stanch
| friend of America, which he has endeav-
ored TO impress upon the state department
at Washington and on all influential Amer
| leans he has met abroad.
| The English habit of entirely dropping
| serious affairs at the holiday season has
| respited the squabbles about the Liberal
leadership but Sir Edward Russell. who is
| writing his "reminiscences, furnished ma
that Ia' Willie iSi Lord ord Rosebery Was re resisning @
| the premiership the queen earnestly, al
most affectonately. begged him not to turn
| Conservative. He explains that her majes-
| " breads the alignment OF all the aristoc-
| racy on the Tory side against all the COM
moners on the Liberal side, Lord Rose
| berry has promptly requested the newspa-
| pers TO deny the statement and Sir Ed
| ward Russell says:
| Il have good reason to believe it is true,
| though nobody shall drag from me my
| The English newspapers pursuing their
| above partisan politics; refrain from com
| menting upon the incident but the people
| discuss the story with the utmost interest
The Hungarian politicians of the opposl-
| ton party threaten TO throw Hungary into
| a state OF anarchy before they consent
| TO an extra constitutional compromise
/, with Austria. They have carried out their
| promise to issue n manifesto to the people
! urging them to pay taxes or TO allow the
| enrolling OF recruits. As the clergy are
| preaching resistance to the government
| which they have never forgiven for passing
| the law allowing civil marriage, the re-
| beliion may be serious. Trouble is expected
! from the municipalities which have the
| right to withhold taxes and recruits so long
| as parliament has not legislated therefor.
| Judge Hawkins. rudy. keen-eyed old
| gentleman of sporting proClivities. is the
! largest parsonage in the public eye, since
| the announcement of his retirement from
! the bench on December 10. The newspapers
| and clubs TEEN with anecdotes of sharp
| temper kind heart and keen wit
His popularity was greater with the pub
lie than with the profession. the people
| and his habit of violently taking sides he
| seasoned his judgments with common
| sense. The basis Of grievance was that. al
| though 81 years of age. he persisted until
| the last in holding court far into the
| night.
| Sir George Trevelyan the former secre-
| tary for Scotland, promises an interesting
book in month; History Of, Of the Amer,
biography of Fox the minister. OF George
III and his studies convinced him that
| a history of the parliament of that period
| could not be Judged without Il record of
the events be yond the Atlantic. So the
| Sir George Trevelyans biography of Fox.
Its spirit is indicated by Tennyson' s
! lines. which have been prefaced as &
motto:
| Strong mother Of lion liae.
Be proud of those strong OF thine.
| Who wrenched their rights from thee