Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-10-24
ASCENDENCY IN TRADE
Notable Speech by Carnegie at st.
Andrews University.
INSTALLED AS LORD RECTOR.
In Course OF HIS Address lie De-
cInres That Great Britain Must
Abandon MI Thought of
Commercial Supremacy.

| drew Carnegie during the afternoon
was formally installed rs rector of st.
Andrews university in the presence of
large and brilliant assemblage over
| which Principal donaldson presided.
| His address consisted Of a long study
| of the comparative growth Of nations
| In the paths Of industrial ascendenCy.
| with striking commentary on their
| future
In his speech. which was roplete viii
| notable statistics and important eco
monte prophcses perhaps the most re-
marIable feature was an appeal To
Emperor William to use his influence
toward the eventual creation of the
United States of Europe under the
form Of polaical and industrial I'M
ion. In this way alone Mr., Carnegie
declared, can Europe conquer the for
eisi markets or ropel the american IN
vasion. France. Germany and Russia,
which had already taken joint action
against Japan, would suffice to insure
satisfactory union in Europe.
The car" he continued. having
taken the first step toward the peace
Of the world in The Hague conference.
the other mighty emperor might some
day be impressed with the thought
that it is due to himself and to Ger
many to play great part upon the
wider stage Of Europe as her deliverer
from the incubus which Expresses and
weakcns her, the appalling paralyzine
fear of war and of ruin between mem
bers of her own body"
Crown Forever Lost.
Dealing with the events which caused
the industrial supremacy. "once yours
but now passed to your lineal descend
ant, who bears the industrial crown"
Mr.. Carnegie maintained that it was a
physical impossibility for Great Brit
ain to produce material things rivaling
in amount those of countries the size OF
America, Germany and Russia, nor
would a union Of the empire change
the situation, for neither Canada nor
Australia gave promise of much in
crease in population or industrialism,
All thought of material ascendancy,
even with the British empire united.
must therefore, be abandoned"
Mr.. Carnegie spared his Scotch audi
ence no details. America" he said.
nov makes more steel than all the
rest of the world In iron and coal
her production is greatest, and it is
also so in textiles. She produces three
quarters of the worlds cotton. The
value of her manufactures is about
triple that of your own. Her exports
are greater, and the clearing house ex-
changes at New York are almost dou
BILE those of London"
Germany, the speaker also said, now
threatened to GUST Great Britain even
from second place. France was not
likely to increase her trade much fur
ther. 1t was only, thanks to the fru-
gality and virtue of her people, that
she remained among the first class ma
tons. He emphasized the assertion
that the most powerful weapon in con
quering foreign markets is profitable
home market.
Supremacy ON the Ocean.
In proof of his contention that it
was useless to fight magnitude in
commercialism, Mr.. Carnegie cited
the supremacy of Germany in the
speed of Atlantic liners and said they
were not paid half the subsidies re-
ceived by the British lines. ut is the
magnitude of the 250,000,000 of people
the German lines serve, which is
equivalent to q great home demand.
This justties their ocean greyhounds. |
as the American home market justities |
unequaled manufacturing establish
mentS."
Mr.. Carnegie added: "Since these !
lines We're penned we have had strong !
proof of the law of surplus. To sup. /
port smaller market in an unequal |
struggle your government has found it |
Necessary to give $1,000 per day from
the national revenue for two Atlantic
greyhounds under your flag. The Ger
man gets four of these without this
aid because of a greater home market |
which supports such ships of itself.
There is no escape from the influence
Of magnitude. which gathers as it
rolls, and must finally conquer"
The honorary degree of doctor of
laws was subsequently conferred by
st. Andrews on Mr.. Carnegie. Am
bassadors Choate and White, Profess
or Alexander Graham Bell of Wash
Ington and Henry White, secretary of
the United States embassy in London
Schwnb Now at Milan.
Venice, Italy. Oct. 23.-Charles NJ.
Schwab. president Of the United States
Steel corporation who has been here
for some days, has gone by special
ira in to Milan.