New-York tribune., 1902-09-07
THE EMPEROR'S SAGACITY
nc POPULARITY UNCHALLENGED AT
PoSEN.
--r.rroS DIRECTED AGAINST GERMAN OF
F1CIALs WHOSE METHODS AXE IN
TOLERANT WITH SCHOOLS

-, .. Tbs Ns7-Torl Tribune by French 'aPi''
l,,.,--,g,,,. 1902: By The Tribune AssccLation9
Se,+ 6-The German Emperors pohu-
-9o,Z-ree in Polish Prussia have demon
ga NOV, sagacity in the ablest ana lnos'
Su t. -,,+a+,z-e sovereign in Europe HIS Q" -"
'ef. .e,.-,t,, vss not challenged by the SuoJs'
esstern provinces on the border OF nus
,rbe noIitfcal agitation in that quar- "
- 5irec-,d against the Emperor or tile % -
-, monarchy, but against those German -,
H. have been less tolerant in their M
'i--- :, -heir speech than the Foles Mlsii7o
them 70 be c-,,,,, F,arIia-
The Polish members Of the '1eI iiihi -,
+ form a distinct group OF III
.,;+,o,ans who cannot be conuoiieo ~
-, r~o,bolic Centre They are not hoiiiS
ii. aeitators like the Irish in Wes-lii-iis -
,f,., have no personal grievances asd-!.St -
1,-,eeiar7 monarchy. They have no aliiii''
,.b the Poles i'll Russia, and no com ~
make of religious treatment. 1lPeS =,
+5a German rule has promoted pioop0--N' -,
eastern provinces but are irrlta1eo psN0oI.. -,
r,o,isb language is not taught in the natloli"i
,a,s .ra are resentful whenever the frns-
-. oe7cials display contempt for raoFai .'7
-..,.a-;-,es The German Emperor has taken
-. Course in treating the Poles IN the
- district as though they were ho'
,,- ,,eonle hut loyal, reasonable SuPl7e'9
of the Crown. - -
-rra rez-e7-s Of the Fifth and Third corps d.
= ,,5 Franzfort-on-Oder and the oIn7l
<,,c+5ons Of the week have been cohoucLeu -
. matter of fact way, as thoush 'iie
~~;evennes were an affair Of iittie Iiiitoi '7
share The military parades VIII De -o'i'
,,sv+ week by the manoeuvres OF TWO corps VIZ,
- aesreeate strength Of over nine lhous14-1
20, This great force will b diV2oeo mo ~
80 ,,,anoeuvring against each other II
s7rar7ps and Eaorasses, and demons a'i--s -
...s.a, ,,ofn+s Of offence and defence winch
military theorists consider llllpol '0iit IA
.--o1,,+ior of the modern system OF warfare.
-, C,oroi,, was not present at the Foseh
- .,.,5ne gone 10 Dresden for brlef WISH
-. he has attended to-days paraoe WIN
-, yopne. General Wood, Colonel JohIisoii
9.,,+.rar+ Mckinley. General Corpln Goes
- conceal his admiration CT the hoFses III -0
- -ba German army. He asserts "iln eiH
&c that the German horses are the oesI II LIZ
.o-,5 for military purposes, and that 14lSi i04--
80 horses are distinctly inferior he oeit'eo
.a-,sesction from the reflection tha' Alii7i an
lies are superior 10 German InuIes' pul -
+-.,rad IN admit that the German caFeli iN@--'
,4s,ars and men, are perfectly mouIt0o
-,oo,n;zas frankly all the good points III '
rasr5nr and discipline Of the German 90-"-N
,o+ -ea5z 70 concede that American SOL
5iers are behind them in any rest'e1l -i-r
.-r,,r Wood and Young are dehgneeo W.
80 .aoen-ion nv the German military orclats'
,,,,,r me oaporrur1iry of meeting Aii7
...,-ae General Roberts and oth"r Ili7
,,f -be British headquarters stan
--l,A.a extensive military operations nave &C
-,,rre5 during 2 period Of confnerCi@L oe'i--
-. evarnr1ed in the history Of Gerrlla'iS'
-ryo years have passed since the tal4ul -
ri,sic caused CONSERVATION in business CO
and in the opinion Of clear slghteo Go
t.re q. siu he two years before 'he rsooH =
so,7 This Industrial prostratloh Is LIN
The rir,es have improved since the opel'tHS
~. nresept year hut the process OF ~ lle
= slozy and uncertain. when the lhouS'l-'i -
,apfes. recklessly financed by banks are o.,
-..-,.s nth insolvent accounts, unprof1ta ole
contracts and deprecated plants ana "iieH
-5+ies etc cannot be sold IN the llaIhs7,7
-.i,tou+ heavy losses The textile trade "flioIl
.r1,- ,araIvzed two years ago. as no"
normal state Of activity. Building opera
T.. which were suspended last winter nav
-, resumed Oh a moderate scale. me N'ai
"a i,,r trades of Westphalia have been re-
.iz,es by the American demand for pig iron an"
steel aud bv The creation Of bounty sEndl0dle
for the enlargement Of export business "a.
these are favorable signs, and the reduclloii %
the number of unemployed workmen III f'eIi4'
and other cities is an even more practlcai SUN
Of encouragement "
ON the other hand the export trade, "lli'"
has been IN anchor to HindWaFd in time %
storm and stress, IS now dragging in the 4uioh-
sands The German statistieians sucreeu )"
working up al aggregate in tonnage sfeatiy ia
excess of the exports Of the last two years "u.
when The valuations arc estimated the Ia'i"
increase Is materially reduced. 1t cannot ne
doubted that the foreign trade, while lheIeasills
IN volume is less remunerattve than it was ana
this tendency Will be strengthened when tue
combination Of coal. coke and pig iron o"heiS
and manufacturers makes systematic arrange
mentS for paying a bonus for export equal u
the difference between the prices In the hoi'
market and the prices obtained abroad ho
German export trade stimulated IN thi6 "@''
may serve the temporary purpose Oh eiie''iil7
p clearance IN stocks and keeping worknlen en-
eIoyed hut il is not d profitable business toli-
ndence moreover, has not been restored ps irS
revelations which have been made OF tIle hle'h-
DDS Of financing electrical aud other projects
The Schuckert and other electrical cor't'afl79 ms
represent nominal capital of over Sloo,eoo'ooo'
and the stockholders are learning 70 their cost
that business was worked up artificially' that
mally enterprises which were financed were not
needed and that securities taken by manu-
facturers for plants cannot be marketed
The electrical companies in the United states
may have employed similar e'1pedients IN en-
eouraging the introduction of electric lighting /
and railways, but the banks which we're behind
them were more conservative and cautious than
the German banks have been. Stock promotion
and the financing of industrial companies nave
been kept under restraint in the United States
and England by the prudence Of bankers, where
as in Germany there was no drag on the Wheels