Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1902-05-02
Henry LaBouchere Tells the British
His Predictions Realized.
ENGLISH TRADE GONE
lie Says America and Germany Are
Securing All Business Of Profit
While England Il BnIlding
up Trade for Them.

fA'tuAN 'N- l"'NA AA'NH i'"""Af inst -
supremacy In trade aud commerce IA
not only threatened but doomed. and
that It VIII take all the best efforts Of
which the empire is capable to prevent
a rctrograde movement. which, II II
begins. viii increase year by year. Mr
IaBouchere Gays:
ITO the impartial observer Il Is q
triie amusing 70 watch the perturbation
OF John Bull at the mansh OF American
capitalist. For generation or two past
the gospel Of salvation Of mankind BY
the agency OF British capital has been
preached with sincere conviction
Whether Il was q dying nation IN Ea'
rope or Asla. rackety republic In
South America. an unclaimed region
OF Africa. peoried by idoIators and
cannlbala. or even a poverty-strickeD
British colony. the means OF regenera-
tion were always the same-.-let Brit
fish enterprise exploit the patient thor.
oughly and there will be an end TO all
his diseases. political. economic and
social.
For atty years we preached this
gospel and acted up to Il religiousiy.
Now comes a little turning Of the ta-
bles.
with a much larger population and
lmmeasurably greater natural re-
sources. the United States offers a field
for the accumulation OF greater wealth
than we can ever aspire 20.
Americans. In their turn. now aspire
10 rcgenefate the world by American
capital and American enterprise. They
practice upon the dietrine witch We
so long applied 20 the rest Of mankind
Iastiy-f0r tie present-they lay sa-
credly hands on the shipping. by means
Of which britannia rules the waves.
no wonder John Bull Il in a comic
state OF CONSERVATION. Instead OF the
exploiter he is becoming the exploit
ed.
For about twenty years we have
been beset with craze OF acquiring In
the most out-of-the-way parts OF the
world new openings for British capl.
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
doing3 lie. too. seeks an opening
abroad for his surplus capital and
foreign market for hls surplus goods
and where does he frst find them
In England.
While We seek 10 extend the area OF
our commerce and our investments.
by acquiring control OF countries which
have no population or OF people who
have new wants. the mariners and In
vestments Of America and Germany.
ind in this country the finest opening
In the world. While we sink millions
on the construction OF railways
throughout the African continent.
which cannot yield a return within tho
life OF the present generation. or per-
haps. the next, the American capital
ist discovers a remuneratlve invest
ment for his millions IN improving the
means OF locomotion in London.
While We spend countless millions
In annexing vast tracts In Asia and
Africa, aud maintaining armies TO de-
fcnd them, with the view of supplying
a penniless population with goods from
Manchester and birmingham. our Ger
man and American competitors sup
plant us In our own country.
individual fools have. often enough
dropped the substance 90 grasp It's
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 advan.
tage our resources In raw material.
capital and labor We can hold our own
even II We are forced 20 see Germany
and America increase their output fast
er than We can. II Is only by the stu
pldity OF squandering our capital in
foreign countries. overlooking the op- |
OF employmen: al home |
that foreign capital can supplant Brit.
ish In any home Industry.
But at the present crisis OF our
economic history. what are the Oh
iects which chiefly occupy minds? The
regeneration 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
labor market. squandering time. mon
ey and energy on the empty ostcnta-
ton Of the coronation ceremonies
which viii suspend industry. dislocaie
Trade and divert public thought from
OF pressing and vital import.
snce-
Al the moment while we arc thu
Engaged AR. Morgan and his COLLEAGUES
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