The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-02

New York G. & IT, r los 1235s Is
Norfolk q Western pref. 42E 63ls p
Northern Pacific vot. trust - 1875 "A
Northern Pacific pref 567s 7sA y
Reading LIST pref ............ SO 4S% y
Southern Pacific ............ p 1854 q
Iexas = Pacific .-.......... So 20 il
Union Pacific ................ 16B 44is y
Union Pacific pref .......... 45% 74B %
american Sugar Refining. .1O71S 1247s II
american Tobacco .......... 1874 1874 co
Federal steel pref ...... seq $50 16
International Paper ........ As So Is
5 S5topai GAS Biseuit ... $ $S5 ~ ~ y
Tennessee Coal and Iron II 9S&. u
nited states Leather pref 53A 751a -
United States Rubber 14h 45a 81
The closing year has been remarkable
enc IN many respects. An unexpected war
mas been fought and won within its limits.
ABOUT lOW000 additional population have
come under our control; thousands of square
miles OF the most fertile territory in the
world have been added to our domain; civili-
zatlon has taken n momentous step forward,
ana the United States. conscious of its ma
Iurity and strength, has suddenly taken a
foremost position in the family of nations,
involving changes of policy and vast posi-
Utilities concerning the future which can only
be dlinly forseseen. Whether we will or no,
events are forcing upon US policy of eX-
pansion, which, in spite of dangers. means
an era of great opportunities for American
enterprise A revolution has taken place
within few short months; the curtain has
been drawn, and our people are rapidly be-
ginning to realize that their field is the
adopt more liberal ideas and work on
larger plan.
1899 WILL BE PROSPEROUS
This year we will strike the highest notch
OF prosperity that this country, or any
other, has ever reached. Good times will
embrace the entire Nation-an industries
will enjoy great activity, and in consequence
labor will be in full demand at good wages
The people of this country will be contented,
happy and loyal beyond precedent The
glorious results of the American-Spanish
war are going 90 be more far-reaching than
the most brilliant dreamers of Americas
destiny have ever pictured. The wOrlds
commerce will be revOutioniZed. The ac-
QUESTION Of the Philippines makes our Pa
cifc coast of immensely greater Importance
ana value TO us than ever before. We are
placed in possession of front door entrance
to the vast commerce of all Asia. From
ocean TO ocean run our great railroads. and
under this new impetus these great arteries
of trade will infuse life into the remotest
corners OF the land. The construction of the
Nicaragua and Panama canals in our inter-
cSts must soon be undertaken. Their COM
plett0n will make the Caribbean sea the
commercial rendezvous of the world.
The enormous benefits to accrue to us
may be only imagined. Porto Rico, our new
outpost, and Cuba will share in the great
distribution. We are now fast approach
ing a 10OOOOO0O population which will Ger
tainly come within the next ten years Re-
fiecting men now begin TO realize that fact,
ana lLat IileIt we cannot Itll TO SufpdSS ali
other countries in wealth and international
Importance. Hitherto they have not dreamed
of what the United States is to the rest of
the world, and now that their eyes are open
TO the inevitable expansion of our COM
merce and power, great hope is inspiring
thespUblic consciousness This new inspira
ttonEnlust henceforth be a great impulsve
force behind the industry and wealth of
the country. and its effect can hardly fall
anything short of a great bound in national
enterprise.
The great financial and commercial de-
velOpmcntS which have been manifest in the
United States for the last decade are now
assuming larger proportions than our fore
fathers ever dreamed of. The theory of eX-
pauSion which cur victories over sinai" have
forced upon us will develop the wealth and
prestige of this country in a way that Will
make the nations of the earth regard our
progress with amaZement and profound re-
spect. Already they are predicting future
for us hardly second to the Roman empire
when that mighty power was mistress of the
world; but We are not gong TO De an en-
pire after the fashion Of the potency once
welded by Rome. There Will be no tyranny
in our political system, nor any constant
reaching out for further possessions. We
will simply keep the territories We have
fairly won. and set about ciViizing their in
habitants and educating them for self-gov-
eminent
CIVILIZATION WILL BE SLOW.
Tt is not proposed. as some people seem to
think to admit these people TO the fun privi-
lege of citizenship at once We have not
done so with our home Territories, but have
subjected them to a period of probation I'M
I'll they were qualified to enter the Union as
States. There is no reason why the same
rule of action should not apply TO the terri
tories captured from Spain. 1t will take
longer time but in. the case of Cuba and
Porto Rico the time will be much shorter
than most people imagine, for they will
learn fast when under mild and proper con-
troll and no longer in the bonds of slavery.
1T viii take the tthpinos longer TO develop
into true manhood, but in the meantime
these islands will be a great source of wealth
10 this country. They Will enable US with
the friendly assistance of Great Britain, TO
keep an open door TO the Orlert and MAN.
tain our prestige in a wide domain, which
will form Il great outlet for our largely IN
,.reasfne- manufactured goods of every de-
ecriptiOn. Ii was by means of such outlets
Tor her goods that Great Britain became the
greatest and most wealthy manufacturing
nation of the world. We are old enough now
TO follow in cur mother countrys footsteps,
and she is now expressing her establishment
at the astounding progress which her on
spring have made IN little more than CEN
fury while it has taken her several centuries
20 attain her present stage of development.
The countries which our possessions in the
Pacific viii open up TO US as markets for
produce and manufactured goods will soon
number nearly thousand million people,
or fully two-thirds of the entire Inhabitants
OF the earth. our teeming soil ana our
great progress in discovery and invention
of all labOr-saving machinery will enable
us TO supply the greater number or these
people with everything they require
cheaply as they could be supplied by any
other nation. The Philippines are absO-
lutely necessary as a base of operations 10
enable US 10 supply the people controlling
these immense markets peaceably with
whatever they may choose to order on the
principle OF open and fair competition with
out any monopoly maintained atthe lannon's
mouth and the point of the bayonet, as GER
tain other nations would attempt TO force
Il market for their goods The open
door TO the Orient Will be our motto. and
viii inspire our manufacturers in their bus
mess 10 do the best they cane as Remember
the Maine inspired our soldiers TO free
these territories, and will afford US a base
to maintain an open door for the distribu-
ton Of the greatest supply Of the best of
all kinds of goods that these downtrOdden
nations have ever enjoyed. This kind of
commercial enterprise win raise the United
States to a position Of international inn
portance IN few years which no otaer na-
ton thought before the war they could 2t-
tain Ia less than century.
Some people speak Of expansion and the
possession Of colonies as If trey must
necessarily imply Imperialism and a. en-
peror. There Is no such necessity. utside
Possessions and territories can be more