The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-10
A Useful Scare.

A Useful Scare.
Judging by the tone Of the English
press, the American Invasion, scare has
had the effect Of improving greatly the
relations Of labor and capital, both hav-
Ing awakened to the conviction that they
have mutually suffered by loss Of con-
tracts to our country and to Germany
during the last few years, and that the
hostility Of English labor toward inn
proved industrial machinery, and it's ex-
cessive fondness for sports and holidays,
have been procuring causes OF the Brit
ish weakening. =. go
I The commission appointed by the Brit
ish Iron Trade association, whose report
Of their observations in this country has
recently been made public, has admitted
this while claiming that the British work.
ingman can work as hard and effective
ly as his American competitor, when put
upon his mettle. Now that the British
workman has been frightened as we'll as
his employer by the obtrusion of Ameri-
can goods and methods, it is expected
that he will: be put upon his mettle.
respondent recently remarked, "Ameri-
can predominance is now beginning to be
accepted as one of the ordinary -condi>
tons of life." New British enterprises
| are foated by. both British and American
capital. British investors are devolving
! upon American experts the launching and
| management of new industrial plants.
To hax osa
| perts of a nation which, in the last quar-
| ter Of century, has revolutionized the
world by its inventions and unresting
enterprise. L. 49, -. .~>..-,
| The London Statist views the outlook
of this country industrially and CONNER
cially with unfeigned interest, declaring
that the extraordinarily good harvests,
enormous iron and steel production, cot
ton and cotton goods and other produc-
tions in worldwide demand while else
| where trade is inclined to slackness and
unemployed money awaits investments.
points to a natural impulsion Of foreign
funds to the country for - the most
profitable and safest Investment, which
is the United States, where money is In
demand because Of our. great prosperity
and increasing enterprises. Says the
Statist: 49,. F.. $50 .. +.
I Doubtless In certain directions large
sums Of money are temporarily locked ur
IN securities. But the securities In which
this money Is invested are increasing ir
Value,and were the Stocks to be offered
either In the United States or in this
country, at the prices paid for them, OF
even at higher prices, there is no doubt
they would be readily purchased. Capt.
talists who have lent money on the Sc.
curity Of these stocks appreciate thei,
value. and doubtless would be ready tt
advance much larger sums on other Sc
curfties Of equal value. Under these cir
cumstances. therefore, there is every rea
son to believe that capital will flow in .
normal manner into the country where i
can be used to the greatest ADVANTAGE
and this country, for some time to come
will be the United States, where trade i
active, profits are large and the securit,
, good Under these circumstances it i
more than probable gold will flow to tn
United States in the coming autumn:
81 g 1t is evident that the construction 0
, the isthnian canal'w win contribute .larKel,
! to the maintenance Of, our prosperity be
cause Of the enormous amount of ma
/ chinery, dredses, excavators, granite
, iron and steel for locks and dams, lum
, Der and timber, ETC., which will have to b
purchased. Sixteen millions will b
l. spent for machinery alone. -...