The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-24
Yerkes in London.

tLondon Correspondence Chicago Chronicle.)
The American conquest of British industries Is
still going merrily forward and the alarm mani.
tested when this tight little isle was first in.
vaded by our brethren from across the seas ha,
been superseded by spirit Of resignation tc
what is looked upon as the inevitable Time was
and not very many years ago either, when British
money was the controlling power in the United
States and exchanges and discounts were dictated
| by the old lady OF Threadneedle street" as the
Bank OF England is Familiarity called. But now
the boot is on the other foot and British fnanciers
are competed to pay heed to the wants of their
American brethren in all things
Mr.. Morgan is not the only Transatlantic can't
talist who has created sensation here. The late
Mr. Mackay was not feared although his mil
lions were literally invested in British or o,,asi
British enterprises. Mr. Astor's arrival did No,
create ripple in business circles, for his am
nitions were social and not financial. But with
MI: Morgan and Mr.. Yerkes it has been entirely
different. The exploits OF the former in the do.
nam OF finance are we'll known The latter
though less conspicuous, has been quite as active
as the New Yorker. He had matured his mans
oeiore ne lett Chicago and lost no time after
ms arrival mere IN putting them into execution
ne proposed to give Londoners an improved eve
TEN OF urban transportation by constructing cleo.
uic railways through underground conduits Tins
renewing the streets of the city of much ~
'ne cohsesuon that so long impeded business and
giving TO those residing in the suburbs co.,
Venlent and speedy means OF reaching the ~.
proper Ills plans was looked on with favor ~
hrsI but after he had received the recess,r,,
franchises distrust seized the minds Of local f1an
Siers II was seen that the success of M yerros,
eu'erprise would mean the ruin of many long
ss,aol'suea omnibus corporations Mr. Yerkes
sl''clpflse was hrst assailed mpracticable then
u was asserted that many of the most co,sn;.,'
Gus buildings in the city would he ,,ndsr,l;.'I
ana probably ruined by the tunnels the Ar,or;as.
proposed TO dig then the claim was nade III
tne Aealth OF patrons OF the underground 60
ways would be impaired BY the foul gases -.
would be compelled TO inhale But none ~ -,
Wihss aHeeted Mr.. Yerkes, who kent stesdiIa
MIS- Even the hubbub created by the renort
~ f uel"ehea undermining of St. Paul's catbss
that he will keep at work until he hss 1910, a's
inc expectations Of his supporters.
ne Chicago beef trust is likewise ...t. :.
seli zen on this side Of the Atlantic 49, -
nigh prices Of meats in the United etat.. I ue
1eelea here Not for a century have dssi.r. 80. .e
uemanaips such excessive tributes from, $500
a.. i,', 'Fg.''ls past roast Of beef has been
~ ,abts ~ MONIES where such viands were an
.ae 'aoie three or four times d vel S -.
peei now costs the consumer neal, Hoou
more than II did last year and in he oni,io e' NJ
uaee experts Il will reach still bigber sn,,o =.
auiius 'ge coming winter. TN fact IA ~
.sosI, discussing the subject yesterdsy ,.i,s oH
h h,p beet will be dearer this Wear tbar
ne p ssI 10y many years past" The memhers -
h es.nsins trade attribute the increased rates
there 4 ~. s, OF circumstances First Of I'm
a.. = the closing Of English ports - 49,, ~
-s measure undertaken az ,sso'l.iile
ssanst sne introduction OF the dreaded
.orsn o,seass Whether the embargo sso,',a ah :.
Lss.h'''sa 20 continue, now that the ue
nv.es are stated to be free from discs
s-S'A'H upon Which there is but one opinion