Daily inter mountain., 1900-08-18
LONDON SOCIETY
AMERICANS SET THE PACE IN
COACHING.
CITY is ALMOST DESERTED
Electric Railway Promoters in the
Metropolis-Depew Boasts of
America.

tCopyr1ght, 1900, the Associated Press. !
London, August 18-The tide Of Amer
don Many residents of the other side OF
tine Atlantic, having exhausted the PARTS
exposition, are recuperating i'm England
ana the hotels frequented by Americans
are are illled this week, as they have not
been since the opening of the season
Coaching is the delight of most of the
americans. Since ALBERT L. johnson OF
Brooklyn, N. Y, drove his six horse
coach Through Lonlon there have been
many candidates for similar honors
among the energetic younger coachmen
is Charles De Young, a son of Michael
De Young, proprietor of the San Fran
cisco Chronicle. Incidentally, San Fran
cisco ds abundantly represented in LON
don Aside from Mr.. De Young's party
at a west-end table the other evening
We're Mayor Phelan Walter Martin and
Peter Donohue of the Papal household
E. H. Butler, proprietor of the Buffalo
On. Y.) News, another enthusiastic d1fv-
er, has bought coach as birthday
present for his SON.
There have been enough American elec-
t1hc railroad promoters at the Carlton
this week to carry Through any scheme
for rapid transit in London which cam
be devised. T. L. johnson of Brooklyn
came from Paris Thursday, and under
the same roof We're w. L. Elkins and p.
A. Is. Widener of Philadelphia (Wlho have
since gone to the continent) and Edwin
johnson, representing the Edison COM
pany. Those gentlemen have been study
1rg the Central Underground railroad.
Mr. tlkins Informed a representative of
tine Associated Press that he and his as
soci,a'tes really had no definite plans for
work in London. in spite of the fact that
they hav. been in consultation with sew
elal of the city railroad owners.
The outgoing transatlantic steamers
to-day are crowded. Senator Chauncey
M an 11n
steamer New York. He spent the last
days of his stay here in examining the
new electric underground railroad. He
has also been i'm consultation With British
financiers who are specially interested in
the ability of THE United States to make
lcars to Europe. The senator said
1.-THE sudden development of our in
dustlles and the immense accumulation
of money growing out of the fact that
Europe is paying $500, 900 900 annually for
American products has not only brought
the bank rate and call loans up one and
two per cent respectively but the west
ern banks are now buying paper in the
east because There is no deE1rand for
money. The fact that halI the British
war loan Gall if DIT had been permitted)
was taken in the United States demon
s.rates these conditions which have all
ready made New York one of the finan-
cal centers Of the world. If the condi-
tions continue, and l have no doubt they
WIFI, New YORK Will soon be a dangerous
rival of London in financing the govern
ment enterprises of the world. The rap
i'd information we are acquiring regard
ing the industrial conditions of the world
the necessity of finding a market for our
decreasing surplus products and also our
active participation in the solution of the
Chinese problem tend ito make New York
a competitor i'm the schemes for the de-
velonment of the far east. 1t lis a near
~-,ssibility THAT the New York stock ex-
change will actively deal in many foreign
stocks and bonds. The United States
with 5000 miles of ocean from European
governmental complications will never
take a militant part i'm the rivalry and
Jealousies and wars of Europe. These
very miseries make the United States ev-
cry year stronger as a financial factor,
end will, I 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
france. America, was rega rded as gran
ary in times of poor harvest on this side,
end as a dumping ground for surplus
population. Now no cabinet in Europe
makes a move without consulting as to
the position of the United States in the