The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-12-27
EUROPE's PARAMOUNT QUESTION.

EUROPE's PARAMOUNT QUESTION.
/ Il ls a safe statement that in she clos
ng days OF this century nothing 30 dis
turbs Europe a. The industrial ana com.
mercial growth Of the United States
Every one Of the European nations Is be-
SHINING to realize that the time b. close
al hand when 81 cannot compete with the
United States in the production o. che
things whlch tho world most needs
Among our dispatches yesterday there
wfre two that must have arrested tho
attention % those who are accustomed 10
notice what g. occupying the thoughts %
the leading men Of the nations. one con-
tained au extract from an article pub-
lshod ln yesterdays London rimes. The
following D. pan q g.
tiow much Of the worlds expansion
wm America take from usg How much
VIII sine leave us 80 struEgle over with
other manufacturing nations Appareu y
The problem viii b, solved Tar sooner than
has bten generally pXpeettd Tle ahnor-
NAL demnnd 90 the tnitea states FOR its
own eugincerinE products is fast slncken-
INES. thus bflnsirs ine marvellous Increase
in American munuftcturiuE capHcity Ton
tbo last Use yesns ana especially for the
last three. 90 bear upon forcg IN markets.
10 is "a question paramount 90 an others,
even fo ihe efficiency Of the navy sub
sldl."
Tho other dispatch Was part Of an arti-
ylv That appeared iu a Vienna paper che
das before iha London Times article was
Published. In toe course or il the writer
salI
The Uuitcl States may henceforth be
regarded as the ufet industrial nation,
ans the superiority VIII become striking
year bg year The United States Will,
moreover soon have a considerable mer-
camille marine Americans are already as
customci 20 regard Europeans. more par
tieular.y couunerl,is ia about the same
Hight ns Orcutals. who vcgetate in
dreams 81 tne past
From the foregoing .t is apparent That
Europeans ,lo siye Industrial and com
mercial questions thoughtful considera-
ton are becoming affirmed al the pro
gress which the Uuited States are max
ms iu manufacturing They foresee thai
Europe wil not Boz able 20 compete with
Them oven ~ Sos owA markets. and GER
irInly not iu markets outs side Of It's Own
boundares Either the wages Of Euro
pean workmen viii have TO b. reduced 70
the Starvation point OF else these work
men win migrate 70 tho Omitted states In
greatly increasing numbers
on course change like these will not
take place at ouc, They win 40 on
through a generation. perhaps several
& .uoratl0us u has taken this country
century Co reach a point az which II can
make steel cheaper than 30 can be made
lea Europe u may be many years before
European steel makers win have to close
their mllls. but even now they
are almost out Of coal ami are looking
70 the United States FOR a supply. Here
there are coal and iron enough to sup
oily the world for thousa years.
The London Times thinks that the de-
mands of the United States for steel for
their own engineering projects are fast
s'ackeniug. and therefore assumes that
the output Of American mills will be Of
f,red la European markets az sim lower
prices The Times g. mistaken In assum-
log that the homo demand Tor steel b.
sIackening. Tho demand ia certain lines
may DC decreasing but in others 81 is
increasing. Most Of the great buildings
arc nov made OF steel. and the steel OUT
put IS steadily Increasing, 80 that there
is no probability Of q let up ia the com.
petition with European steel makers
The writer la the Vienna paper sug-
eests a tarin agreement between an Or
the European countries chat VIII be sur
ncicnt 10 shut out OF European markets
the products of American mills II has
not been SO very long since the tarin
% tho United States was utilized 90 keep
the manufactured products Of Europe out
OF this country specially steel products
There Is no need OF such tariff now A
lrin cannot be made TO benefit European
manufacturers as IL Is believed 10 have
honoated American manufactures be-
cause Europe has not such wealth OF
raw materials as the United States II o.
a question OK only short time wacn the
United States win do their own ocean
earring srade. Cauital is becoming so
plentiful that Il viii be- forced into ship
building aud into operating great lines Of
steamships. Then the means Europe win
have FOR drawing money from the United
States viii be very limited while those
Of the United states for drawing money
from Europe VIII be practically unlimited.
Before the erd OF the century about be-
ginning Europe will bo al the mercy OF
the United States.