Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1900-08-19
Copyright. Associated Press.l

Copyright, Associated Press)
LONDON, August 1S.-The tide Of
American travel is still strong towards
London. Many residents Of the other
side of the Atlantic, having exhausted
the Paris Exposition, are recuperat-
ing in England; and the hotels fire.
quented by Americans are filled this
week as they have not been since the
opening of the season. Coaching is the
delight of most of the Americans. Since
Mr.. Albert l.. Johnson, of Brooklyn, n.
Y, drove his six-horse coach through
London there have been many candi-
dates for similar honors. Among the
energetic younger coachmen is Mr.
Charles De Young, a son of Mr.. Mich
ael De Young, proprietor of the San
Francisco Chronicle. Incidentally San
Francisco is abundantly represented in
London. Aside from Mr. De Youngs
party, at West End table the other
evening were Mayor Phelan, Mr.. Walter
Martin and Mr.. Peter Donohue, of the
Papal household, and Mr.. E. H. Butler,
proprietor of the Buffalo News, anoth-
er enthusiastic driver, has bought a
coach as birthday present for his
SON.
There have been enough American
Observation-Disclosures Promoters
at the Carlton this week to carry
through any scheme for rapid-transit
in London which can be devised. Mr..
T. L. Johnson, of Brooklyn, came
from Paris Thursday and under the
same roof were Mr.. w. L. Elkins and
P. A. B. Widener, of Philadelphia,
(who have since gone to the Conti-
nent), and Mr. Edwin Johnson, repre-
senting the Edison Company. These
gentlemen have been studying the Cen
trail Underground Railroad. Mr.. Ell
kins informed a representative of the
Associated Press that he and his asso-
ciates 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 railroad owners.
The outgoing transatlantic steamers
to-day are crowded. Senator Chaun-
cey Depew sails on the American Line
steamer New York. He spent the last
days of his stay here in examining the
new electric underground railroad. He
has also been in consultation with
British financiers, who are specially
interested in the ability of the United
States.
To Make Loans to Europe.
The Senator said:
THE sudden development of our in
dustries and the immense accumula-
ton of money growing out Of the fact
that Europe is paying S600,000,00O an
nually for American products has not
only brought the bank rate and call
loans up l and per cent, respectively,
but the Western banks are low buy
ing paper in the East, because there
is no demand for money. The fact
that half the British war loan Gall if 1t
had been permitted), was taken in the
United States, demonstrates these con-
ditions which have already made New
York one OF the financial centers OF
the world If the conditions continue,
and | have no doubt hey Will. New
York will soon be a dangerous rival of
London in financiering the Govern
ment enterprises of the world he
rapid information we are acquiring re-
garding the industrial conditions OF
the world. the necessity of finding a
market for our
Increasing Surplus Products,
And also our active participation
in the solution of the 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 that
the New York Stock Exchange will
actively deal in many foreign stocks
and bonds. The United States. with
1900 miles Of ocean from European
governmental complications. will new
err take a military part in the rivalries.
jealousies and wars of Europe These
very miseries. the wars, make the
United States every year stronger as
a financial factor. and will, believe,
make New York the financial center Of
the world. Up to two years ago the
European Cabinets took no interest in
American diplomacy and finance.
America was regarded as a granarv
in times of poor harvest on this side
and as a dumping ground for surplus
population Now no Cabinet in Eu-
rope makes a move without consider
ing what is the position Of the United
States in the matter"