The Washington weekly post., 1900-12-25
MEN MET IN THE
HOTEL LOBBIEC

Among the guests at the shorsbs-. 4
MI :. V, White. the noted Nsw
banker and member OF the sfo,k !,
change. His views on the genera ~
poets OF the nation are optlmlSt{.
May. iSf9. two things occurred vhieh q
OF great Importance 10 the Neu
Stock ExchRnge." he said las, .i..'
"One was the consolidation of ,b- -
rival stock boards. the Old Ne
Stock Exchange and the Open Bo,,,
Brokers: and The other was the y,..., y
OF the Central and Union Pacific rs5---.
and the driving OF the golden spike -.
completed the transcontinentaI 20.
circuit. ! was present az the ce'as--.1.NI
of the latter event. and was caUaf --'
for speech. | then knew. OF come. -p.l
solutely nothing concerning What ao-
store for this nation. any more - N
now know what Is IN store FOR us 4, -.
or any other year but ! yentured tAs 50
eiction that the completion or this -.
meant that the United States woyls -
great extent, secure the Chinese ana n
dian trade. H.
'It meant further the opening - ,.-
bounded fields for the disposal M - "a
OF the soil and means for the t-,,s.--i
tation OF the great mineral Wssl,b - - -
country. | said there were pso,ls ms ''s
then who would see the money -s',...--'
the world transferred from r.-5,. ~
America. and gave as a reason 60 -,
the great products of the earth v-r-, -. -
" 10 be found here. I said II ,r5,,r, a.
nonsense 20 think that the clsarirg.b,-...-
for the payment OF these c,rn,os5,.--
would continue TO be IN London vhils -,
great dominant trade was In Ar.-l...
that the New York Stock Excba,s. -,
soon be trading in the securities ~ -.
world
when I made that speech 7 dI5r', ,s.,
certain or anything / said. but mad .
blind hit with as much lingo eIernen, ir-
jected as seemed proper for an Aueri,sr
But the year 1870 has seen the rsaiiz,tio,
of all that | said. We have absorba5 ,,,
Swedish loan in its entirety. Nc b,,a
/ taken one-half Of the British loap ,nI >
large proportion OF the German loan All
the loss OF that money through tbnss
transactions was not felt by the markets
OF the country. Now, If anybody wants
10 make up his mind about what Is in
store for our country during the coming
century, just let him take the birdie and
saddle off of his Imagination. stran him
self on, and with whip and spurs give ia
fancy free rein. and his widest dreams
will not exceed what is coming 10 Us be.
fore the year 2od0 a. D."
Mr.. E. ]. Burke. Of New York. is at the
Ebbitt.
Mr. z. 9. OBrien. formerly commits.
sioner Of navigation in the Treasury De.
partment, and now president Of the In
ternational Express Company, doing bus
mess between the United States and the
West Indies, Is at the Arlington Since
the separation of Cuba from Spanish
sovereignty the export business Of that
land has come largely into the hands OF
the United States" said Mr.. OBr4en last
night. while Spain controlled the island
she exported to Cuba between S26e000
and 100000 worth of Spanish comme~"s
every year. Her expectations now. how
ever. have practically ceased. while all
that trade, together with much more, has
come TO the United States or course
Cuba has no manufactures outside q
those which are engaged In the production
of sugar. There Is very little other fac
tory machinery operated In the island.
and everything the people use Is bought
principally in the United States. This
country, In a word has practical monOp-
oily Of the markets there. just as we have
almost a monopoly OF the markets in
Porto Rico.
Cuba produces about 10000 tons Of
sugar every year. A large quantity Of
this comes into our markets. while quite
a respectable proportion of II finds iu
way into the markets OF Europe and 9th
er localities. The main accomplishment
in Cuba which the government of th'
United States is TO be congratulated up
on is the Introduction there Of America
manners and customs. No effort shoulI
be spared, to extend American ideal
throughout the island. In time the coun'
try there will be completely AmercanlLed
but 1t will require a great deal Of hard
and conscientious labor. American Ideas
and methods will make the island one Of
the greatest centers Of business on ths
globe"