The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1899-01-05
new WORLD ENERGY
The Nation of Shopkeepers
Astonishes Europe.
AFTER THE WORLDS. MARKETS
engIand Awakes TO the Aggressive
Commercial Prosperity Of the
u.s. United States.

ton to assert that the foremost topic
compelling attention in Europe is gem
eraf and in Great Britain in particular,
overshadowing the dreary broils of do
mestic politics, is the remaI kable ag-
eresslve commercial prosperity which
the United States is manifesting.
Hardly a newspaper review or a public
speaker during the past month has
failed to notice with what giant strides
America is coming into the first place
in the alignment of the powers. 1t 10
certainly the chief subject of CONVERSE
tion on Lombard street and on the
Continental bourses. ts 80 a3
The manager Of one Of the greatest
London banks recently drew an Ameri-
can business man into his private
Office, and said, in an awe-struck tone:
"This is the first time in the history
of finance that New York has been in
q position to dictate money rates to
London, Berlin and Paris" The
bank manager added that London's
purchases of American securities were
feathers weight compared with the
balance of trade in New York's favor.
James Brice, in q speech before the
Leicester chamber OF commerce, sound
ed warming to British manufacturers.
He emphasized the fact that the ex-
ports of the United States and Ger
many had increased e34, 900, 600 and
cal 900, 900 respectively between 1891
and 1897. while Great Britain's de-
creased e15. 10000 He further
pointed out that the business of the
United States was developing along
many important lines which Great
Britain, he added, should have held
against all com petitors. Mr.. Brice un-
hesitatingly asserted that the United
States could produce rails cheaper than
Great Britain, and he said he saw no
possibility of opening new markets ex-
cept in China. -s+
| Great Britain seems to have become
reconciled to the capture Of the iron
markets by the United States. Ameri-
can firms are uniformly successful in
bidding against British firms. The
Carnegie company and the Illinois Steel
Company have opened extensive Offices
in London and are making inToads
upon the, British reserve. Colonel
| Hunsaker, the Carnegie representa-.
tive, has contracted for 80, 900 tons OF
plates for the Coolgardie road. Austria.
liza, and the company was unable to un.
dertake the contract for $4,000 toni
/ more.
L -.e - q ~
A dispatch from Berlin SAYS it is 9
fact that the Russian government hat
ordered 80, 900 tons of American rails.
and the prospect of American competi.
ton for the contracts in connection
with Russia,s extensive railroads
alarms manufacturers here and else
| where. Consuls assert that all Europe
is swarming, as never before. with
| agents OF American manufacturers OF
steel, street railroads, electrical appa.
1atus and all kinds of machinery, who
are leading the commercial invasion.
The attempts to float Russian loan
| in New York have been received skep-
| tically here. Several financiels have
told representatives OF the press that
Russia tried to raise money in London.
| Paris, Berlin and Amsterdam, and that
she seems to have turned to the United
States az forlorn hope. possibly with
the view of reapiDg incidental political
advantages. But, it is admitted that
it is question of q shUt time when
capitalists will have to reckon with
| New York as competitor in high
| finance. The Daily Chronicle COM
ments 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. -
There is much interest here regard
| ing the choice Of successor Of Ethan
Allen Hitchcock as ambassador at St.
Petersburg. It 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 q
| transfer from Washington to Constan-
tinople or Madrid has hitherto been
considered in the service as being Z
| promotion. Russia expects President
Mckinley to reciprocate. Mr.. Hitch
cock carries home with him the couvic-
ton that Russia is still q stanch friend
Of America, which he has ;endeavored
| to impress upon the state department
at Washington and on all influential
| Americans be has met abroad.
Boy Kills Two Brothers.
SCOOPS. Miss, Dec. ~. -Thomaa
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