The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-29

80
| Copyrighted. 1880. BY the Associated Press
LONDON. jan cs.--The attitude OF Brit
| ish investors toward American business
| underwent a notable change during the
| past week. The mind of the British pub
| lie is always slow TO grasp changes, and
people here are only just beginning TO re-
aiize what financiers and politicians have
for months considered the most important
fact OF the year--she tremendous CONNER
cAaI advancement OF the United States
Ever since the Venezuelan affair the only
.dea OF British holders OF American Sc
curities has been To sell whenever they
could do SO With any prof, or without too
great loss. In the beginning Of the pres
ent upward rush OF American stocks. both
spectators and conservative holders of
transatlantic securities were eager to take
advantage OF the opportunity 80 unload, the
former selling for profit, IN view OF the
crash in the market which was deemed IN
evitabie. the latter TO get rid OF what they
regarded unsafe property. which they
had been long holding.
Both British and American hnanc.ers
who have talked with representative of
the Associated Press on the sub
ject agree that the pendulum has
now begun 10 swing In the other
direction. Investors. seeing that the an
ticipated disasters do not materiaAze and
that the United States ls apparently in for
a period of great prosperity, are coming to
the conclusion that they were over -nasty
In unloading their American holdings.
They are retracing their steps and are
giving orders TO their brokers TO rebssy the
stocks they discarded, with a feeling OF
joy at getting rid of dead wood. though
the newspapers are s,iil eroaking dissnally
over the panic which Wall street II des-
tined to witness In the near future ac-
coriing TO all their prophecies. Business
men who have been interviewed by q rep
resentatiyc 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.
Rothschild Ii thusia.tic.
Mr. Alfred Rothschild. OF ". NJ. Roths-
child g. Sons. spoke enthusiastically OF the
American outlook. He said.
There seems to be a period Of unparai-
leled prosperity before America So far
as American investments are concerned
the public must. as In any other fed. dis
criminate between wha. Is good and what
Is bad. But your crops manufactures and
commerce. all seem to combine to place the
country on an unusually sound basis
which cannot fail 90 awaken admiration
throughout the world
The Truth Hard TO Relieve.
One of the most prominent bankers re-
marked:
The United State .s ratehr too enter
\
II ss rather hard 20 believe tina: the ssatss-
tics Of American exports can be true
His comment seems TO represent the
views OF others.
Newspapers Are Pessimfstfc.
The statist is not sure the figures OF
American business represent. increased
prosperity. From the decrease in imports
,t argues that The high tariff is COMPEL
ing the poorer classes 20 deny themselves
maay comforts. and that the farmers Dur
ing the wears of depression, contracted
debts whieh they are determined 10 pay
before they a'low themselves their c4s-
tcmary comforts.
The Spectator ssrnonixes on the effect
OF the speculative boom on the national
character. snd says, '"ren per cent az the
whoie population are having a good big
gamble. and being Ansrican. who Do no.
care much when they are ruined, they are
enjoying themselves nightly"
This paper believes that ths principal
effect os such hoor-s IS 20 Increase ma
tfonai ssngglaenesx. adding: mo typical
American ever fears szy resui; OF his own
actions: bat shsre are few typical Amsrf-
cars withoa. some lock Of care"
ENGLAND Enjoys - Little Beom.-
England has beer ENJOYING isttie i,oors
o. Ter own IL South African mining en-
tsrrrssss. 60 which an impetus has been
given by the prexence here ot CecE
Rhodes. tas Soash African raAxnase. na.
which attracted snsAs a1tsntfen IN .he
Gewsra pexs IL comparison with the mara
sensational hns.ncss across the Atlantis.
M RAe<tes' aEsnE Or EsGtAersora Ha--
rs. says IRE eahsnes has promised an
snsg"EiAl guarantee for tire Care 20 Cairo
railway tv1m Basawayo - she Zarahcxs
river. = distance % 80 mics sna that
when that section - corr ySes@Sa the gov
srsssss~n, ssTl rrceasIy guarantee TIRE read
"a I.Ase TaGsanysks-
Rhod~a' Services to the Governn~ms
TEe-s = an interesting story % Mr.
Rhodes services Ia connection ~tsA tns
ssses5Aa eannga&sg-. wAtcA tnz,GFess:si.y
piagss az Important part II .nGgseresnx
sAa cAelsss fl sax fasos. g-se governments
i ars~sA~. crsa.f nos har are engines ard
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