New-York tribune., 1902-10-23
Mr.. CARNEGIE ON THE AMERICAN PERIL"

| Mr.. CARNEGIE on THE AMERICAN PERIL"
! The address of Mr.. Andrew Carnegie yester-
day as rector of the ancient University of st.
| Andrews was of far more than passing interest
| and significance. Almost any formal utterance
| of a man so eminent In both business and phi
Ianthropy is calculated 10 attract attention. Ad-
| ditional interest is impaired to the address by
! the circumstances that the maker of 1t is
native of Scotland a citizen of the United
! states and one of the foremost figures in the
American industrial world. yet much of the
| time a resident of Scotland again and now
! chosen TO he the honorary head of one of Scot
! lands most famous seats of learning. But
! above all perhaps. is the fact that this past
master i'm industry and commerce devoted his
address largely To n discussion of what is by
! some i'm Europe called the American peril, of
| which sO-called peril he has himself been one
/ of the chief creators Mr.. Carnegie is especial
/ IL identified with the iron and steel industry of
/ the United States, and it was the invasion of
| the European. Asian and African markets ny
/ American irOnmasters and engineers that most
/ of ali set our oversea friends TO talking about
the American peril Now Mr. Carnegie talks TO
a European audience upon this very subject
/ with engaging frankness.
As a citizen of the world. and one who
.
of the Atlantic. Mr.. Carnegie talked to his Eu-
ronean audience as a friend; sometimes as the
/ proverbial candid friend" whose wounds are
/ faithful. II was highly interesting To hear an
/ American citizen and spokesman Of 'tri-
I umphant democracy" telling Europeans how To
compete successfully with American industry.
and making appeal To the German Emperor as
'one supremeIy great Ia take the initiative in
what would Ice practically an anti-American
! league Only in some such way. he warned
them. can European peoples escape the fate Of
! becoming industrial and commercial satellites
| of the triumphant democracy of the West.
| From such source such admOnition and advice
are surely worthy Of the most careful atten-
ton and they will scarcely be discredited 10y
| the generosity which prompted the speaker thus
| to give counsel to his-Or his country s-rvalS.
Upon one point in Mr.. Carnegie's address.
| however. we must await the complete eIucida-
tion Of the text for in the press dispatches
| there appears to he something Ike contradic-
tion. an Inconsistency. We are told that Mr..
| Carnegie warned his hearers that only through
| the formation of an industrial league could the
| countries Of Europe conquer the foreign mar
| kets repel the American invasion. Yet
| little later he is quoted as saving that invasOnS
| Of Europe by American manufacturers are not
| To be apprehended to any considerable extent
except at rare Intervals Certainly if there is
| no considerable danger of an American invasion
| the countries OF Europe need not take eNtraor-
/ dinary means Ia defend themselves against IT,
| Mr. Carnegie can scarcely have been guilty of
! so marked an Inconsistency In his address IL
! may be that his reference was not 10 the mar
/ kets Of Europe as in danger of American inva-
sion. hut 20 those of the other continents. which
! Europe would like to supply but in which Amer
! lea is becoming a formidable competitor In
! that case 1t is difficult To see on what ground
! of right or reason Europeans to monopOliZe
! all the world outside of the United States But
perhaps the full text Of Mr.. Carnegie'S speech
will make that clear.