The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-12-25
EUROPE SN[V DANGER
Old Worlds Commercial Su-
premacy Slipping Away
MONEY MARKET is MADE
BY America Manu-
facturerS' Peril.

| shadowing the dreary broiiS OF domestic
politics. is the re- arkably aggressive
commercial prosperity which the United
States is manifesting. Hardly a news
| paper review or a public speaker during
the past month has failed 10 notice with
what giant strides America is coming into
the first place among the nations. II is
certainly the 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
business man into MS private office and
| said. in an awestruck tone: This is the
| first time IN the history of finance that
| New York mas been in a position to dictate
money raSes to London. Berlin and Paris. -
The bank manager added that London S
| purchases of American securities were a
| feathers weight compared with the bal
ance OF trade in New York's favor.
| Mr.. James Brice, in a speech before the
Leicester chamber of commerce. sounded
a warning TO British manufacturers. He
emphasized the fact that the exports of
the United States and Germany had in
creased 100000 pounds and 21.cOo 900
while Great Britain's decreased 1900. 900
pounds.
RAIL-. MARKET LOST TO ENGLAND.
He further pointed out that the business
Of the United States was developing along
many important lines which Great Brit
ain, ne added, should have held against
all competitors Mr.. Brice unhesitatingly
asserted that tne United States could pro-
duce 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 mar
kets by the United States. American firms
are uniformly successful in bidding
against British firms. The Carnegie COM
pany and the Illinois Steel company have
opened extensive offices in London and
are making inroads upon the British pre-
serves. Colonel Hunsicker, the Carnegie
representative, has contracted for 10000
tons of plates for the Coolgardie road,
Australia, and the company was unable
to undertake the contract for $4,000 tons
more.
A dispatch from Berlin says il is a fact
that the Russian government has ordered
$1,000 tons of American rails. and the
prospect of American competition for the
contracts in connection with Russia's ex-
tensive railroads alarms manufacturers
here and elsewhere. Consuls assert that
all Europe is swarming as never before
with the agents of American manufac-
turers of steel railroad, electrical appa-
ratus and adj kinds of machinery, who are
leading the commercial invasion.
EUROPEA y LOANS IN AMERICA.
The reports of attempts to float a Brit
ish loan in New York nave been received
skeptically here.
Several financiers have told representa-
tives of the Associated Press that Rus
STA tried to raise money in London, Paris.
Berlin and Amsterdam and that she seems
to have turned to the United tSates as
a forlorn hope, possibly with the view of
reaping incidental political advantages.
But. it is admitted that If is a question
OF short time when capitalists will nave
to reckon with New York as a 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"
THE NEW MAN ON THE NEvA.
There is much interest here regarding
the choice of a successor 70 Mr.. Ethan
Allen Hitchcock as United States ambas-
sador 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
Russia has sent one of her ablest men
to Washington, though a transfer from
Washington to Constan tlnoole OF Madrid
mas hitherto been considered in the service
as being a promotion. Russia expects
President Mckinley 10 reciprocate.
Mr.. Hitchcock carries home with ssm
the conviction that Russia IS stin
staunch friend Of America, which he mas
endeavored 70 impress upon the state de-
partment at Washington and all infuel-
tial Americans he met abroad.
THE LIBERAL LEADERSHIP
The English habit OF entirely dropping
serious affairs AZ the holiday season has
reSpited the sauabbles about the Liberal
leadership but Sir Edward Russell. who
IS writing his "reminiscences. furnished
ma terial for new controversy He
writes that while Lord Rosebery was re-
signing the premiership the queen earn
estly. almost aftectionately, begged him
not TO turn Conservative. He explains
that her majesty breads the alignment Of
all the erlstocracy OF the Tory side
against all the ccmmoaers on the Liberal
side. Lord Reseberry has promptly re-
ques;ed rhe newspapers 20 deny the state
Il have good reason 10 believe i Is
true though nobody shah drag from ne
my authority
The English newspsp erS, pursuing their
traditional policy Of keeping the sover-
aign above partisan poliucs. refrain from
upon the incident, bu; the
people discuss the story with the utmost
interest.
THE EXTRAORDINARY ROW.
The Hungarian politicians % the oppost- |
ton party threaten 10 throw Hungary
into a state OF ansTcn- 5e1o7e they con-
sent 10 an Unconstitutional 'comp0o- /
mise with Austria
They have carried out their promise 20 /
ssue a manifesto 70 the people. urging |
them NOT 20 pay taxes or 70 aEow the En- /
rolling Of recruits As the clergy ara |
preaching resistance 10 the government. /
which they have never forgiven FOR pass /
ng the law allowing civil Marriages. ne j
rebellion may Dc serious Trouble : eX- i
pected from the municipalities which have 1
The right TO withhold taxes alsd recruits /
- oug as parliament has not lestsiated /
therefor.
OLD JUDGE HAWKINS
Judge Hawkins. a rudy, keen-eye5 Old /
gentleman OF sporting proc.iv!ties> Is tas 1
arzest parsonage IN the public eye since 1
=AA ..nnar-cenans o< bis reareDe-. from |