The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-06-12
BRITISH TRADE DOOMED
We Give England Her Own
Medicine, Says Labouchere.
PIERPoNT MORGAN TIE CAUSE.

buir "oEiu beihk lufheu Upside !
Down.
Mr. Henry Labouchore in a recent |
number Of London Truth, under the |
heading OF "Morganeering and the |
Neral" tells the British nation that It's |
supremacy in trade aud commerce is |
not only threatened. but doomed. aud |
that II will take al the best efforts the
empire is capable Of 10 prevent a retro.
grade movement. which. II II begins
will increase year 10y year.
He says in Part "FVr Il generation or
two past the gospel OF salvation Of
mankind by the agency OF British cap.
ital has been preached with sincere
conviction by British politicians. Brit.
ish men OF business and almost every
British man in every British street
Whether IL was a dying nation in Eu.
rope or Asia a ruckety republic in
South America. an uureclaimed region
Of Africa, pecpled by !dolators and can.
nibals, or even 0 poverty stricken Brit.
ish colony, the means Of regeneration
were always the same-let British cap.
ital and British enterprise exploit the
patient thoroughly ana there will be an
end to all his diseases, political, eco
nomic and cocial
For ffty years we preached this Cos
pei and acted up TO II religiously Now
comes little turning Of tables. With
a much larger population and immeas.
urably greater natural resources. the
United States offers field for the ac.
cumulatlon Of greater wealth than we
can ever aspire to.
Americans, In their turn, now aspire
TO regenerate the world 10y American
capital and American enterprise They
practice upon US the doctrine which we
so long applied to the rest Of mankind
They acquire our underground rail
ways with the kindly view Of showing
us how to work those antiquated under
takings proftably. They propose TO
provide poor Old London with tram
ways and tubes which its people are
too poor or too stupid 10 construct
themselves. They acquire bali the to-
bacco trade OF these islands to confer
upon US the benefits of being supplied
with American goods on American
principles. Lastly-for the present
they lay sacriligious hands on the ship
ping. by means Of which Britannia
rules the waves
mo wonder John Bull is 10 2 comic
state Of CONSERVATION. The world from
his point of view is being turned COM
pletely upside down. He is no longer
'on top. but underneath. Instead Of
the exploiter be is becoming exploited.
For abort twenty years we have
been beset with the craze OF acquiring
IN the most out Of the way parts OF the
world new openings for British capital
and new markets for British goods. The
craze has colored all our national
thoughts and policy. While we have
been pursuing this phantom what has
the foreigner been doing? He. too, seeks
an opening abroad for his surplus capl
tai and a foreign market for his sur
plus goods. And where does he hrs'
find themi In England.
while we seek TO extend the area
OF our commerce and our investments
by acquiring control Of countries which
have no population or of people who
have no wants. the manufacturers and
investors OF Germany and America find
I'm this country the finest opening In the
world. While we sink millions on the
construction Of railways through the
African continent, which cannot yield
n return within the life of the present
generation or perhaps the next. the
American capitalist discovers re
munerative investment for his millions
I'm improving the means OF locomouoi
In London.
individual fools have often enough
dropped the substance TO grasp III
shadow, but never before has whol'
nation deliberately committed itself t'
this folly. our supremacy In trad'
and commerce is not only threatened
but doomed.
"Yet by utilizing 20 the best advan
tage our resources in raw material
capital and labor we can hold our own
even II we are forced TO see German!
and America increase their outpu
faster than we can. II is only 10y IN
stupidity of squandering our capita
in foreign countries. overlooking th
opportunity or enploS h'"' ~ -
that foreign capital can snpplant Bri'
ish in any home industry
"Rut nj the present crisis OF our eco
nomic history what are the object
which chiefly occupy our mindsr III
regeneration of South Africa by the III
PRODUCTION into that accursed land o
British capital and labor, the eXpan
,ton of o,,r army at the expense or III
labor market. squandering time. none
aud energy on the empty ostentauo
of the coronation ceremony. which WI
suspend industry, dislocate trade an
divert public thought from matters @
pressing and vital import.
AT the moment while we are thu
engaged Mr.. Pierpont Morgan and hi
colleagues descend upon us, seekin
what they may devour, one day snal
industry tho next