Okolona messenger. (Okolona, Miss.) 1900-current, 1902-10-29

ings 1t vas the custom then Of certain alarmistl
TO compile great columns Of fgures to prove thai
Great Britain absolutely dominated our financial
Affairs But what these alarmists did not zee was
that Great BEtian was helping us to own Our conn.
tFy-tO develop our Industries until, grown rich IN
turn we, too could invest il Mexico and other for
eign countries s1f# Nt.WN k3 ltl
The history Of development has been that older
countries always fms 4Ciered the new ones. AnOth
eF statement Of the "a would be that capital alWays
aoWs to the places where It can be invested with
surest chance Of greatest prOdk II We contemplate
he farmer who bOrr3ws money and develops farm
and makes his fertile pay back with interest
the money which he borrowed, we find en- exact
analogy to what the borrowing newer nations are
doing with the older lending nations all the fime,
But we must disassOciate an ambition for power
from every transaction OF this character When
British money was invested in American securities
it was on a cold business basis and not with any
intent Of dominating us politically. We may say
with assurance that capital never yet tried to dis
turb government that was conducted successfully,
and protected such rights OF capital rs the world
has affirmed. So it was 70 talk of Great
Britian dominating this republic through the power
of investments made by Englishmen.
And this thought brings US to fact which has
been made very apparent during the past few years
Business and capital and Investment recognize the
political divisions Of the earth only to the extent
keeping out of countries where stable conditions
cannot be preserved. There no longer is a geo
graphical limit set to movements of the surplus
money Of any race or nation. Barriers have been
knocked down until to the capitalist the whole earth
is an open field Of operation. British capital goes
Everywhere and is largely invested in the securities
II even such countries as are far from friendly In
their political relations French capital is invested
in Germany, and German capital in France, anC
both have common interests in dozen foreign cOun
tries. In China, for example, we find British, Ger
man, French, Italian, Russian and American capi
tai seeking fields OF enterprise. Lately capitalist
OF the United States financed the Russian and SWed
sh governments to the extent of large investments
in national bonds. Our capitalists have money il
European railroads, steamship lines and factories
The capitalists Of all countries 90 everywhere, com
peting on equal terms for Investments which prom
ise security and fair returns. Today a banker in
New York may turn deal in South America, and
tomorrow another in China With every year the
influence Of race, nation and geographical location
grows less In determining the flow Of money or the
modes Of commerce. Almost imperceptibly there
has grown up code OF finance and commerce which
is worldwide Ia its operation and quite as power
ful and binding as the laws OF any land. In q GER
tain sense the capitalists have torn down govern,
mental lines and merged the people of the world
into common population. Never before we're the
Interests of all nations so closely interwOUnd
Those who serutnzed clOselythe recent s'mOrgani
zatiOn" of the great steamship lines must have no
ticed that the stockholders Of the new enterprise
we're listed &c being from, England, America
France, Holland, Germany, Sweden, Russia, Aus
tria, Italy and even Japan. Before that merger
some Of the lines we're owned largely by the capi
talsts Of q single country. Today they are owned
by the world and the flag their ships may fly is lt
tie more than E matter Of sentiment. And tha
which has happened to the commerce Of the sea Il
only example OF what is happening In all the de
partments Of material life e the world moves
steadily forward 70 its cosmopolitan destination.
No one can dOabt that there isa moral and pOlit
cal side to the universally Of eapitalistc opera
tiOns even IL they not associated on the snriac
very closely. Formerly the fghting man Will
spear and armOr was the aFblter of condition.
which made fOrW or peace. Now to . large de
gree the capitalist-and By capitalist we mean th,
man who produces and the man who Rnanciers pro
duction-is the one who guides The destinies OF h
country. And il requires but the application Of
we'll known human rule to realize that the BO-calet
kHmOrganization' q The world e making more rap
idly for universal peaCe than Ell che work Oi moral