Omaha daily bee., 1899-01-29
AMAZES INVESTORS
United States Prosperity Disturbs Peace Of
Mind Of Europeans.
SCRAMBLE AFTER AMERICAN SECURITIES
Spectator sermonizes on Effect Of Big
Gamble on National Character.
CR0AKlNGS OF A PANIC IN WALL STREET
CROAKlNGS OF A PANIC IN WALL STREET
Cecil Rhodes Curries Favor by a Star Play
in the Soudan Campaign.
FRENCH NCENDlARY TALK SUBSIDlNG
Duke of Abbruzi's North Pole Expcdi-
ton Ripens Into Active Opera
ton md the Prince Declares
His Fling Shall Wave.

Copyright, 1899, by associated fress.)
LONDON, Jan. 28.-The attitude OF British
Investors toward American business under
went a considerable change during the last
week. The mind Of the British public is al
WAYS SLOW to grasp changes and people here
are only beginning to realize what financiers
and politicians have for months considered
the most important fact Of the year-the
tremendous commercial advancement Of the
United States.
Ever since the Venezuelan affair the only
idea of holders of American securities has
been 10 sell whenever they could do SO with
any profit or without too great a loss. In
The beginning of the present upward rush
of American stocks both spectators and
holders of transatlantic securities were eager
to take advantage of the opportunity to UNI
load the former, selling for cash, expecting
a drop in the market, getting rid of what
they regarded as unsafe property which they
had been long holding.
Both British and American fnanciers, who
talked with a representative of the Associa-
Ted Press on the subject, agree that the
pendulum has now begun to swing in the
other direction. Investors. seeing that the
anticipated disasters do not moterialize and
that the United States is apparently in for
a great period of prosperity. are coming to
WV pAi' hh"t ''Ns '>'o
unloading their American holdings.
CrOnking Panic.
They are retracing their steps and are
giving orders to their brokers to rehuy the
stocks they discarded with a feeling of JOY
at getting rid OF dead wood. though the
newspapers are still croaking dismally over
the panic which Wall street is destined to
witness in the near future. according to all
their prophecies. Business men who have
been interviewed by a representative of the
Associated Press agree that so far as all the
lines of legitimate industry are concerned
the United States has every reason to be
optimistic.
Alfred Charles dc Rothschild of N. NJ.
Roth schild & Sons spoke enthusiastically
Of the American outlook. He said:
'"There appears to be an unparalleled
period OF prosperity before Americans. So
far as American investments are concerned,
tho pubic must, as in any other field. dis
criminate between what Is good and what is
bad. But your crops. manufactures and
IN all seem to combine to place the
country on an unusually sound basis, which
cannot fail to awaken ad niration through
out the world
One of the most prominent bankers re-
marked:
w ,hi'N' ''"'Nc - "NhN' ~ S"NN
prising for the peace OF mind of Europe.
1t Is rather hard to believe that the sta
tistics of American exports can be true"
His view seems to be the views of others.
Enjoying n big Gamble.
The Statist is not sure the figures Of
American business represent increased pros
perity. From the decrease in imports II
argues that the high tariff is compelling the
poorer classes to deny themselves many
comforts, and that the farmers, during the
years of depression, contracted debts which
they are determined to pay, before they al
low themselves their customary comforts.
The Spectator sermonizes on the effect Of
the speculative boom on the national charac-
ter. and says: Ten per cent of the whole
population are having a good, big gamble,
and being Americans who don't care much
when they are ruined, they are enjoying
themselves nightly"
This paper believes that the principal ef-
feet OF such booms is to increase national
sanguineness, adding: mo typical Ameri-
can ever fears any results OF his own actions,
but there are few typical Americans with
out some look Of care"
England has been enjoying a little boom
OF its own In South African mining enter
pIlstS, W WHICH al Impetus mas Deen given
by the presence here OF Cecil Rhodes. the
South African magnate, but which attracted
small attention in the newspapers in COM
parison with the more sensational business
across the Atlantic,
Mr.. Rhodes agent, DR.. Rutherford Har-
ris, says the cabinet has promised an i'm
perial guaranty of the Cape-to-Cairo rail-
way from Buluwayo to the Zsmbesi, a dis
lance OF $50 miles.
Rhodes Part In soudan Campaigu,
There is an interesting story OF Mr..
Rhodes services in connection with the
Soudan campaign, which Incidentally played
an important part in influencing the cabinet
In his favor. The government, 1t appears,
could not buy the engines and plant neces-
eary to operate General Kitchener's strategic
railroad, which has an unusual gauge, and
when Mr.. Rhodes heard OF this he sacrificed
the equipment bought for the British Char
tered South African company and SO en-
abled the campaign to be finished nearly a
year sooner than would have been possible
II he had not come to the rescue.
A representative of the Associated Press
had an interview with Rev. DR.. Werner OF
she American Presbyterian Congo mission.
who has just arrived in England on his way
" hiSifN aitNi iouI ftulS ItSlutnCt at
Luebo. in the Kassai district. He said:
1.-THE present mutiny is probably the last
desperate attempt to throw of the white
mans control. 1t is also the most serious
outbreak. on account of the inaccessibility
of the region. When 1t is remembered that
Baron Dhsnis. the Belgian commander. Is
800 miles from his base OF supplies with only
a handful OF whites II is small wonder that
SO many Europeans have already been sac
rifced. and II will occasion no surprise IL
further disasters overtake the Belglans.
Nothing but the building OF a railway is
going to suppress the rebellion.
According to my latest information Baron
Dhanis is probably surrounded by mutlnous
natives and 1t is said panic reigns through
out the Congo territory. However. this may
be untrue"
Mr.. Werner admitted that there had been
sanar isnlatod casas NJ had conduct nn tho