Smyrna times., 1900-03-07
AMERICAN PROSPERITY.
How Things Work Together to Aid the Worlds
Commerce and Finances.

widely separated parts of the globe,
are working together to give this coun-
try larger share III the worlds COM
merce and more powerful position in
the worlds finances.
Ever since war began i'll South Africa
it has been observed with increasing
interest each week, that British mis-
fortunes, and later British gains, were
all contributing to the business of this
country. The early misfortunes
caused far greater army to be sent by
Great Britain than was at first neces-
sary. The army has to be fed, and
American packers and mills are under
contract to furnish part of the supply.
1t has to be armed, and American
works are under contract to furnish
arms and great quantity of ammunition.
1t stands in need above all else, OF
greater mobility, and British pur-
chases of American horses and mules
by the thousand have been reported
for some weeks past. But these are
only few of the multitude of requisi-
tions which this war is making upon
American resources and labor.
South Africa has been sending to
England many millions of gold every
year, but has stopped. Instead of
| over 100000 ounces per month, the
Rand mines are producing little, and
sending nothing to Europe In six
months the expected British supplies
have been reduced wellnigh $40, 900, =
600.
Instead, Great Britain has to pay
out more than 81, 900, 600 every day for
the support of distant armies, and the
drain upon the Immediately available
resources of the country has already
caused the borrowing of some millions
from the United States in January. 1t
| is to be expected that as British needs
/ increase, and the pressure upon other
European money markets becomes
more severe. the United States will be
called upon for other and larger loans
exhibiting such stubborness and such
resources, the Boears are to vanish at
| the first reverse.
But even if the war should be ended
soon, large force will be required
there for months to put things in order
and it cannot be expectsd that Beers,
familiarized with the uses of dynamite,
will leave the gold mines in perfect
condition for working without delay or
cost But American works supplied
much of the machinery, and will have
to supply much for repairs.
Meanwhile, the great famine in India
is sending to this country quantities
of products. Within the week there
has been seen on Jersey City wharves
250,000 hides brought in two vessels
from Culcutta, and such great supplies
are peculiarly needed here on the ac-
count of the decrease for years past in
the number of cattle. The diaster in
India appears to work for the benefit
of American industries.
A widespread scarcity of coal in Eu-
rope, due to concurrence of variety
of causes, has led to inquiries regard
ing the cost of supplies from this coun-
try for the needs of many manufactur-
ing works abroad. At the same time the
iron workers are sending iron to Eu
rope, even with the present high prices
prevailing, because the foreign demand
exceeds the capacity of foreign works
even if some of them were not embar
rassed as to fuel.
Russia pushes a railroad across
i Northern Asia at vast cost, the New
York Life Insurance Company lending
$4,000, 900 of the money, and Americ
furnishing part of the rails and loco
motives. Lumber needed in de
veloping the region comes from thi
country, the Siberian being poor. Tn
e agent of the San Francisco Chamber O
Commerce, finds piles of America
e flour at the landings, even the bes
/ seed yielding there inferior wheat
s The Chinese problem also works pow
erfully to strengthen the position G
: the United States. not merely in d
plOmacy, but in commercial relations
because of the contrasts between Anne
lean friendliness and the pressing d,
L mands of some other Powers.
With Manila an American outpos
: the trade of this country with Chin
should be expanded within few yeal
more than any one has until recent
{ imagined it could be.
;. Other great Powers expend enOrn
:, ous sums importing from AmeriC
- vessels, rails, locomotives and amml
milton. in order to push their opportul
. tiles in the Far East. But the Unite
!. States seems to gain greater advant
ges by standing apart from their strif
= ~ y Tribune.
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