The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-01-30

Old World FinancieTs are Reap.
ing a Harvest in South
Africa.

Africa.
Copyright 1893 by the Associated Press)
London. Jan. 2S--The attitude Of British
investors toward American bushes, un-
derwent notable change during the past
week The mind Of the British public
is always slow to grasp changes. and
people here are only just beginning to
realize what nnanciers and politicians
lhave for months considered the most Inn
portant fact OF the year. the tremendous
commercial Advancement Of the United
states. Ever since the Venezuelan affair
the only idea OF British holders OF Amerl.
| can securities has been to sell whenever
they could do so with any profit. or with
out too great losss. In the beginning
OF the present upward rush Of American
stocks, both spectators and conserva-
tive holders Of transatlantic securities
were eager 20 take advantage Of the op-
portunity 20 unload, the former selling
for profit in view OF the crash in the mar
ket which was deemed inevitable. the
latter to get rid Of what they regarded
as unsafe property which they had been
long holding.
/ AAiNNoANA - attAlb AlletA NlC fNltNi iHhNIA
disasters do not materlalize, and the
United States Is apparently I'm for a
period of great prosperity. are coming to
the conclusion that they We're over hasty
in unloading their American holdings
They are retracing their steps and are
giving orders 10 their brokers TO rcbuy
the stocks they discarded with n feeling
Of JOY at getting rid Of deadwood though
the newspapers are stin croaRng dis
maliy oyer the panic. which Wall street
| ls destined TO witness IN the near future.
according to all their prophecies. Busi-
ness men who have been interviewed By
a representative Of the Associated Press
agree that, 50 far - all the lines Of le.
gitimate industry are concerned. tho
United States has every reason TO be
optimistic Mr.. Alfred Charles De Roth
schlld. OF NJ. NJ Rothschnd and sous.
spoke enthusiastically Of the American
outlook. He said:
"There seems to be period Of un-
parallel prosperity before America. so
for as American investments are con-
cerned tho public must, as IN any other
field, discriminate between what is good
and what IL bad. But. your crops manu-
factures and comcrce. an seem to com.
bine to pplace the country ON an uu-
usually sound basis, which canot fail
to awaken admiration throughout the
world"
AMERICA TOO ENTERPRIsING.
ono Of the most prominent bankers
remarked: 1.-THE United States ls rather
too enterprlslng for the peace Of mind Of
Europe 1t is rather hard to believe that
the statistics of American exports can be
true" His comment seems TO represen,
the views Of others.
The Statist is not sure the figures OF
American business represent increased
prosperity From the decrease in imports
it argues, that the high tariff iV compel
ing 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 allow themselves their Gus
tomary comforts.
The Spectator sermonizes on the effect
of speculative boon on tho national
character ana says:
Ten per cent OF tho whole population
are having a good big gamble. and being
Americans, who don't care much when
they are ruined, they are enjoying them
selves nightly"
This paper believes that the principal
effect OF such boons Is TO increase nat
ional sanguineness, adding: mo typical
American ever fear any result OF his own
action, but there are few typica. Ameri-
cans without some look OF care"
ENGLAND's BOOM
England has been enjoying a little boom
Of her own in South African mining pri-
ces, TO which an impost has been given
by the presence here Of Cecil Rhodes. the
South African magnate, but which at
tracted small attention IN the newspapers
in comparison with the more sensational
business across tho Atlantic
Mr. Rhodes agent, Dr. Rutherford
Harris. says the cabinet has promised an
imperial guarantee OF the Cape 10 the
Cairo railway form Buluwayo TO the zam-
besi river n distance Of $50 miles. and
that when that section is competed. the
government win probably guarantee the
road to Lake Tangananyik
There is an interesting story Of Mr..
Rhodes services In connection with the
SCUBA campaign which. icidentaly played
In important part IN influencing the cabi-
NtN III liia AAFfIs ne bhNtlNmeNtt lt hp-
pears. could not buy he engines ana plant
necessary TO perate General Kitcheners
strategic railroad. which has an unusual
gauge. and when Nr Rhodes heard Of
this, he sacrificed the equipment bought
for the British Chartered South African
company, and 80 enabled the campaign 20
be finished nearly a year sooner than
would have been possible II he had nuJ
como to the rescue.
"A representative OF the Associate
Press had an interview with the Rov. ~
Werner. OF the American Presbyteri1u
Congo mission, who has jusl arrived 81.
England on HIS way to Amer,a after f1lr
years residence al Luebo, IN the kassai
district. lie said;
''The present mutiny Is probably the a,t
desperate attempt 10 throw off the whit,
mans control. II IS aiso the most serious
utbreak, on account Of the inaccessib.h.
~ the region. When it Is rememagr a
that Baron Dhanis the Belgian commas
der) Is 800 miles from his base Of sup. v
with only a handful n Whites j, is snmn
wonder that som many Europe tls have
already been sacrificed. and b NIu co.
casion 70 surprise. n further ulsastcis
await the Belgians Nothing buc build |
ing a railway IS likely 10 enectlaily ,up-
press the rebellion.
According 10 my latest int3rmatiJn. |
Baron Dhanis Is practically sur'pundcd
by mutinous natives. and IL IS reported
that trouble refgne furouerhorf fha fe ia