Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-01-19
The FINANCIAL SITUATION.

| Henry Crews i better unaertone III
50 ID The stock market. and prizes.
pould haze uuguestionabiy displagei
mors strength had ii noi been for the
faar III var between Russia and -.
pan
The most satisfactory element d
strength was tie Increasing ease N
money and the consequent better feet
ink Ia banking circles
All things considered there are
abundant evidences that last years
lessons haye been weii learned: and
rhat our financial and business lead.
ers are ~seadtusting themselves % q
forward movement having d more suit.
stantiaI basis than heretofore The
real and natural growth of the coun-
Try has not been permanently checked
By me financial reversea of 1903. This
II demonstrated Wy thc continued large
gains In railroad earnings. by
the Improved demand for iron and
steel, BY the large volume 81 our FOR.
elgn trade and BY other evidences too
numerous 10 mention.
Two important uncertainties hang
oyer the stock market, the Northern
Securities case. nov before the d
preme court. and the CRISIS hetw en
Russia and Japan. Al % she LITTER
predictions are useless just nDg the
ontlook Il more peaceful. And yei
careful consideration leads 10 the Opin.
ion that Wal win be difficult, II not I'm.
possible. h avert unless Russia backs
down. ahlch seems unlikely. conces
sions are possible that wiII delay hos
%tsfities. but Rasasa'e ~persistent policy
81 eneroaehment. mhde imperative a5
4 matter III national self preservation
seems destined 30 bring her il armed
CONFLICT zone dsy Ii Is the Inevitable
clash III Two systems ~ civilization
thar - government control represented
III Russia and dat If Individual free
dom represented By Japan. Russia.
under her economic system. can thrive
by getting more human beings
and more territory 10 tax: and Japan
Alone stands IN her path towards con,
Of these designs. This OK.
plains Why Japan finds 80 much inter
national sympathy. and Russia 81 III.
.ie, As for the slnew OF war. money,
{ II difficult u say where Il viii be
provided France, Russia's strongest
already holds about 81 500 900.
lo0 of Russian bonds. ana III not likely
be hungry for more especially as
iach aid would offend England, who ia
/ much better customer for French
PRODUCTS that Russia There Ii no
country that wonld be anxious
Q lend Russia. except upon esorbl
ant rates; and h must mot b over
.ooked that Russia's cruel treatment
y The Jews has brought her the dis
Ike o. powerful bankers of that rana
who could easily put obstacles III Tie
way q Russian borrowings on thol
hand Japan eoald undoubtedly
large amounts Of bonds III Lon
lon where both sympathy ana Ref
interest arr on her siie, nisctctian
Ronld ~ doubt lead nhssla 70 modef
her aggrcsaions tle question u.
shea Eventually her government
Industrial schemes must break ana
produces ferioua Informal dissensi0ns
{ Il gamble. Therefore. whether Or
~ Nat Nili p|leeipitate these ann
ions q postpone them. hut iust now
IL war party II dominant both ai sf
Petersburg AMI ii Tofla. and therein
5iss The danger. The hral eject 81
lpstiities Wilt lc Nj mascitie tho inan
markets., though as usual the i 8
Inal outbreak VIII md HE event largo
y discounted.
u Japan Insists upon her demands.
shlch ara. that Chlnesa sovereignty
Manehuia. also Japanese Influence
over cofoa, Ne continued, war viii bel
outcome. Il must bc remembered
Russia has for many centuries
past been echeming III I'M opcn ~
outlet IN place Of belng frozen ID In
Al her northern ports for t~woihirds /
the year. Rnssia's Original scheme
relief was Via Constantinople. hui
hat was found impossible. owing RI
be combined opposition 81 the Euro
pean powers, hence tha building oil
he Siberian railway Into Chinese Tn
means that Russia proposes 10
.et q seaport outlet from the Man
hurlan and COrean coasts. Naturally
apan strcnuously opposes this as she
Tint Russia would &c an auto.
and dangerous noiehbor and h..
Ides would hem in her little island