Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-11-14
OUR STRENGTH.
Soidity of American Financial and
Transportation Corporations.

From the Mexican Herald.
Some of our esteemed contemporaries
here in the Halls of Montezumas "ouiu
like to have their readers beileVe tila'
American banking and finance are all rot
ten. But this is asking too much even vi
the most credulous. The great banks Oh 'he
bis American cities are very strong ana are
wisely managed; many OF them nave peeh
in operation more years than banks nave
existed here. They have Weathereo MANY
a furious financial storm Some OF the
.carners at American banks would be pene-
flied by examining. minutely. the history
and present status of the Chemical BANK
of New York. the City Bank, Nalloii la
Park, etc. What financial INSTITUTIONS vi
earth are more like business GlbraItarS
than the great American life insurance
Companies? Their policy holders are to De
found in all civilized nations, and their OPP
era tions are made plain yearly 10 All IN
terested. When 1t comes TO raliWays' NJ
where are there more soundly managed
roads than the Pennsylvania or the Ne"
York Central, not to speak of others
There is immense wealth in the American
Union: it is increasing at the rate OF S'oou'-
100000 yearly. Nowhere else III .ne VIZ, ~
is there more rapid growth In wealth, and
the London Times has SAID that the unlteu
States is the richest nation on earth.
Money is made fast in prosperous times,
and the great republic Is full or resources
hardly exploited, which form the basis or a
reasonable expectation of progress and con-
tentment for centuries to come.
Just as an army has its camp followers,
so the great prosperity of the United States
has brought into being small army OF
wildcat financiers, greedy, but shallow pro-
moters plausible rascalS and weak fmlta-
tors of the men of real success. These are
the chaps who make the trouble, who over
shoot the mark, and bring about financial
stringencies in the midst of a national ac-
tivity quite unprecedented.
Writers who are trying to make it appear
that there is nothing but humbug in the
United States and in American business
methods would open their eyes in wonder
and establishment if they could travel
through the American cities, and note the
intense activity of men dealing with real
Wealth-note also the miles on miles or
handsome residential streets even In cities
of the third and fourth rank, like Detroit
Cleveland Buffalo, Minneapolis, etc. There
is immense wealth, immense comfort, the
widest extension Of ease of life In the
United States, and the amplest range of
opportunities for the young. 1t Is surging
and tumultuous business life up there, and,
as we have said, the army of the solldly
rich and enterprising has its smaller host
of camp followers, who get up bogus trusts,
swindle the unsuspecting and do harm to
the American name. Our too critical friends
here mistake the froth on the crest of the
huge wave of progress and prosperity for
the wave itself.
A government that can borrow all the
money it wants at per cent is not the
government of nation of charlatans and
pretenders nation of humbugs does not
have its treasury vaults heaped with more
than 5000 COO 600 in gold