The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-26
Not Exactly Millenial.

The year now closing has not
brought us to the verge Of the
millennium.
In the old world war has been pre-
vented largely because of the incllna-
ton of the big military potencies to
delay conflict as long as possible. Thus
there has been no positive obstruction
placed in the way of Russian agrees
sion in the far east except by japan,
and she is likely to be appeased by
Russian concessions to her Korean
program. Not a power, except the
United States, has filed a strong pro-
test against Russia's occupation of
Manchuria, for whose defense she is
now preparing to send forward 100000
additional troops as they are drafted
in the west. China, the worm, turns
every now and then, as when General
Yuan Shi Kai reported to the belliger-
ent dame in Picking that he Is entirely
prepared to declare war against the
Russians in Manchuria and make a
vigorous effort to assert and confirm
Chinese sovereignty over the three
provinces.
This Is interesting. Manifestly the
powers genuinely interested In main
tanning the territorial integrity of
China, if they don't fight to that end
themselves, ought to abstain from all
interference and let China have an
open field on which to grapple with
Adam Fad, the treacherous. OF course.
the situation makes war possible any
day in the orient. Waiting calmly for
the discontinue Of China are the pow
ers with spheres" who have already
marked out their respective hinter-
lands.
In southeastern Europe, the Austro-
Russian combination has presented a
program for Macedonian reform to
Abdul Tfamid, who doesn't like it, be-
cause it will practically eliminate his
rule over large segment of his terri
tory. That he will fight to prevent
this Is morally certain.
W. The ultimate destruction of Turk
ish power on the Balkan peninsula
will not be long delayed, but the event
may involve all Europe. The old
world is menaced by possible war, and
that is the reason the crowned heads
are visiting each other and holding
pour parlers In the interest of peace
Since they let Turkey into the circle OF
European nations in 1856, they made
war possible at any moment. especial.
ly since they gave the Turk another
lease of power at Berlin in 1873, and
thrust the Macedonians back under
his tyrannies after Russia had liber.
ated that unfortunate vilayet.
After all the talk of peace, the
European powers are more active thar
heretofore making preparations fol
war. That proclaimed man o.
peace, the czar, is in the lead in this
kind OF activity and is likely to ge
more war than he wants, if hi
bumptious and inapudent military ad
visers have their way.
On this side of the water we ar
getting ready for the national defense
simply as a measure of prudence. TIL,
year has been a fairly prosperous on
extraordinarily and industrially. TIL
collapse of some of the big industrial
trusts is far from being a misfortune
The pace at which trust formation wa
proceeding and the possibilities Q
Rotation could neither of them be KEEP
up, and the exposure of the absurdl
large capitalization Of hypothetica
earning power called a halt on publ
leaning toward such investments, an
the stock market has been sick an
inflated securities are approximatin
real values. There is no doubt tina
the industrial boom in iron and stee
begun in 1897, has reached it's high
est level and boom prices have turn
bled. Financial indiscretion excite
alarm chiefly in the east where not
fewindiscreet people have been singee
The country has escaped any seriou
business depression.
The men of the farm, north an
south, have good bank accounts an