Gilpin observer., 1902-05-08
ENGLAND IN DANGER
AMERICANS SEIZE HER TRADE

| World Is Now ExpIoited-Amer
leans Capture British Markets
Empty Coronation Show InIures
Business = Handwriting on the
| Wall.
| London, May 3.-Henry Labouchere,
in this weeks Truth, under the head
ing of "Morganeering and Moral
tells the British nation that its su-
premacy in trade and commerce is not
only threatened, but doomed, and that
1t Will take all the best efforts of which
the empire is capable to prevent a re-
trograde movement, which, If 1t be-
gins, will increase year by year. Mr..
Labouchere says:
ITO the impartial observer II is n
tr1he amusing to watch the perturba-
ton of John Bull at the march of
American capital. For a generation or
TWO past the gospel of salvation Of
mankind by the agency of British cap
ital has been preached with sincere
conviction. Whether it was a dying
nation In Europe or Asia, rickety re-
claimed region of Africa, peopled by
idolators and cannibals. or even a pow
erty-stricken British colony, the means
or regeneration were always the same
let British capital and British enter
prise exploit the patient thoroughly
ana there will be an end to all his dis
eases, political, economic and social
FOr nfty years we preached this
gospel and acted up to 1t religiously.
Now comes a little turning of tables.
with a much larger population and
UNNECESSARILY greater natural re
sources, the United States offers a
field for the accumulation of greater
wealth than we can ever aspire to.
Americans, in their turn, now as
pire to regenerate the world by Ameri-
can capital and American enterprise.
They practice upon us the doctrine
which we so long applied to the rest of
mankind. Lastly-for the present
they lay sacrilegious hands on the ship
ping, by means of which Britannia
rules the waves
''No wonder John Bull is in comic
state of CONSERVATION. Instead of the
exploiter he is becoming exploited.
For about twenty years we have
been beset with a craze of acquiring in
the most out of the way ports of the
world new openings for British capt.
tai 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 capital and
foreign market for his surplus goods.
And where does he first find them? In
England.
individual fools have. often enough,
dropped the substance to grasp its
shadow. but never before has a whole
nation deliberately committed itself to
this folly.
Our supremacy in trade and COM
merce is not only threatened, but
doomed.
yet, by utilizing to the best advant-
ages our resources in raw material,
capital and labor, we can hold our
own, even If we are forced TO see Ger
many and America increase their out
put faster than we can. 1t is by the
stupidity of squandering our capital
in foreign countries. overlooking the
opportunity of employment at home,
that foreign capital can supplant Brit
ksh in any home industry.
But at the present crisis of our eco
Ionic history what are the objects
which chiefly occupy our minds? The
degeneration of South Africa by the in
PRODUCTION into that accursed land of
British capital and labor, the expansion
Of our army at the expense of the Ia
Dor market, squandering time, money
and labor on the empty ostentation of
the coronation ceremony which will
suspend industry, destroy trade and di-
vert public thought from matters of
pressing and vital import.
AT the moment while we are thus
engaged Mr.. Morgan and his col
leagues descend upon us, seeking what
they may devour.
almost within an hour of the Kings
feast come forth the fingers of II mans
hand and write upon the wall. 1t needs
no prophet in this case to interpret the
writing. 1t is easy TO read the warn-
ing and not difficult to accept and act
upon ii.
"Shall we attend to 1t at once. or
shall we finish our wine and think
about the Medes and Persians after the
dinner?"
nANHE ROIc FOREST FIRES