The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-19
AMERICANS IN LONDON.
4 Number Of Electric Promoters Are Pros
pecline.
THE TIDE or TRAVEL IS SILL STRONG
senntor Derew Talks of the Business
Relations Between Grent Britain
and the United States.

iCopyrlRhted 1900, by Associated Press)
London. August 1.-THE tide of American
travel is still strong towards London. Many
residents Of the other side OF the Atlantic
having exhausted the Parts exposition. are
recuperating in England. and the hotels fire.
duented by Americans are filled this week
as they have not been since the opening
of the season. Coaching is tue delight Of
most of the Americans. Since Albert 4.
johnson OF Brooklyn, N. T.. drove his six
horse coach through Loadon there have been
many candidates for Similar honors. Among
the energetic younger coacnmen Is Charles De
Young, son of Michael De Young. proprie-
tor OF the San Francisco Chronicle. Incl
dentally san Francisco is abundanuy repre-
scented in London. Aside from Mr.. pc
Young's party. at West End ta0le tns
otner evening were Mayor fheian. WAGER
Martin and peter Dononue OF the papa hous :
holG h. ii. Butter. proprietor vi the Budaio
News. another enthusiastic drNar. has bodgnt
q coach as birthday present lor mis- SON
IAefe have been ehough American electro
railroad promoters at tie Carbon TINS week
to carry through any scham for rapid transit
ia London which can De devised. Tom ~
Johnson OF BtooAlyn. came from Paris Inurs-
day, and under the same roof were w. L.
Eiklns and p. A. b. Mldeuer OF philadelphia
tNho have since gone TO the Contlhent) anu
Eowln Johnson. representing the Edison COM
many. These gentlemen have been studying
the Central Underground railroad MT. b.
kins informed representative OF the Assoc
Grated Press that he and his associates really
had no definite plans for work In LONDON.
in spite of the fact that they have been in
consultation with several of the city railroa1
owners.
The outgoing Transatlantic steamers today
are crowded Senator Chaunccy n. Depew
sa Is on the American line steamer New
York. lie spent the last days OF mis- ay
here in examining the new electric unaer-
mad Er1h 10 hla~ o. he ri
sui alton with British financ ers who are spec-
tally interested in the ability Of the United
States to mako loans to Europe. The SEN
ntor said: The sudden development OF our
Industries and the immense accumulation Of
money growing out of the fact that EuroDe
is paying $3.50 .000000 annually for Am rican
products has not only brought the bank rate
and call loans up l and per cent respeo-
lively but the western banks are low buying
paper IN the East because there S no de-
mand for money The fact that half the
British war loan (all ii 1t had been pc mitte0
was taken In the United States demonstrates
| thesa conditions which have already made
/ New York one Of the financial nters OF tho
4 world. II the condit ons continue, and
4 have no doubt they Will New York viii soon
4 be dangerous rival of London IN hnanclnS
/ the government enterprises OF the world.
"The rapid information Ne are atdu ring
regarding the industrial conditions OF the
world. the necessity of finding market Tor
/ our increasing surplus products. and also our
| active participation IN the solution of ths
I Chinese problem tend to make New YORK
an active competitor in the schemes for the
development Of the Far East, 1t Is a near
! possibility HAT the New York stock exchange
will actively deal In many foreign stocks ana
| bonds The United States, with 5000 miles of
ocean from European governmental complies
! tious will never take militant part In the
! rivalries iealouses and wars Of Europe,
| These wars make the United states every
wear stronger as a financial factor and WI.
! / believe make New York the financial cen
! ter of the world. Uu to two wears ago. tn
| loan diplomacy and finance America was
regarded as q granary In times of poor
| harvests on this side and as a dumping
ground for surplus population. Nov. no can
| met IN Europe makes a move without cou.
| eldering what is the position OF the United
| states in the matter