The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-08

in Russia, Belgium, Holland, France
England, Germany and the United States
The commerce and wealth of the world
stand together for mutual protection. The
Populists are right when they say that the
money power is a great controlling influ-
ence, and no nation owning Chinese bonds
is going to stand by and see new govern
ment in China repudiate the debt of the
old
THE money power Is a great power, and
1t is always looking out for its own inter-
ests. But that does not prevent 1t suffer-
ing great losses at times. See what the
interstate commerce act and popullst leg
iSlation have done for the railroads in re-
cent years They have caused a shrink
age in their value Of twenty-five to thirty
per cent.-that is So 900 ,O00-and at the
same time reduced the earning power of
the remainder of their capital from six
per cent to four per cent"
Mr.. Brice said the cost of building the
railroad had been figured as nearly as pos
sible but no exact figures could be had.
Steel rails might go up fifty per cent. be-
cause of the great demand for them caused
by this and other enterprises, and so in
| crease the cost of the road by 100000.
Or the price of labor might increase.
AS to the amount of the $30,0O0,O00 or
$4O.OO0OOO which would be spent In this
country he could not say but he was pre-
pared to assert that not less than $4,000
900 of trade with this country would be
developed during the construction of the
road.
CAS- the railroad work advances" said
Mr.. Brice, land the people of the country
see what our people eat and wear, they
are going to want the same. They use
a great deal of our oil in China. They
are going to use more, and so the Stand
ard Oil Company is with us in this enter
EesrFurs md
so the American Sugar Refining Company
is with us. They are going 10 want cof-
| fee. and so the Arbuckle Coffee Company
| is with US
1.-The way to build up trade Is to create
a desire for the things you have to sell.
| How many years has it been since no
man in the United States thought OF
spending 100000 a year? Less than TWEEN
| " years ago that condition existed. To-
day there are so many men spending tLat
sum that you cannot keep track of them.
| They have no social standing and their
names you have probably never heard.
1--WE have got to go 10 China and show
the people what they should want to eat
and wear. This is great producing coun-
| try--a country of overproduction. The
| protective tariff has ceased to be neces-
| sary to our manufactures. When we can
ship steel rails to England and sell them
! IN competition with English steel makers
whether the protective system was ever
a good one will always be a disputed point.
| That the law was unjust there Is no
| doubt Every tax law is. You cannot
! please every one. But what We need now
is not a tariff which will keep out for
| eign goods We have filed our home mar
| kets We need market for our surplus
! production. The place to find 1t is on
the Pacific, where 400000,000 people are
| waiting for civilization. Our trade future
lies to the west With our seven or eight
! great transcontinental lines We can reach
! the western seaboard quickly, and along
! the Pacific coast is going to develop q ship
building interest which will eclipse that
Of New England in the brightest days of
| the industry. We are going 10 snip our
| products to China, and find a distributing
| agent for them in that vast empire over an
| American railroad.
| LESS than a year ago capitalists in this
country would not have considered an In
! vestment in China. One concession was
! granted before TO an American, but it was
! revoked because he had not the capital
! to carry out It's terms
"Dewey's guns opened the eyes of the
American people to the poss ibiilties of
! trade in the Pacific. When he went TO
Manila and smashed the Spanish fleet, the
people of The United States said: we never
! thought of getting here, but now we're
/ here we're going TO stay
"And when they looked at the map and
saw where the Philippines We're it opened
! their ewes to the possibilities of trade in
| China The people Of the whole country
had the feeling that they did not want
| the flag hauled Gown. Some of them have
changed Their minds. But they are not
the people who run this country
They are lot Of men past forty years
of age who have made their fortunes ard
who don't want TO take any risks. But
they don't count This country is run by
the men from twenty to forty years old.
They are the ones who get up meetings and
| attend the prima res and bring out the
votes at an election.
"They have their fortunes to make. They
| feel that the opportunities In this coun-
| try are limited. But afar off they see a
strange land of tabled wealth, and they
see there the chances of the future.
THE peace commissioners are not COM
ing back from Paris wi hout establishing
some sort OF foothold for US in the Phil
ippines and when we are once establish
ed there it will be the gateway to our trade
with China.
Il said to Senator Gray, the Democratic
member of the peace commission, before
he started for Paris that If he gave up ono
/ sotare foot OF the Philippines l wanted
never 10 see him again.
"a few years ago China was slow TO take
up with propositions for improvement. To-
day she sees which way things are going
/ and she is anxious TO get Americans in
terested IN the development of the country.
II. - q