The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-02

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sular government. one GOO by 10 feet
and the other $50 by ITO feet, to have
sheds over them, and plans are now be-
ing prepared for an adequate system OF
approaches to the wharves by roadwnys.
railways and otherwise 30 as to enable
merchants to handle their goods in the
most economical manner.
When completed these should have a
very marked effect upon the carrying
trade OF the Philippine Islands. The
military authorities have Just completed a
50o-foot wharf. 60 feet wide, and on the
18th OF September the Logan was laid
alongside Of this wharf, which marks the
beginning OF a new era In the history OF
the Philippine Islands. az this Is the
first large transatlantic liner to lie be-
side a wharf in the islands.
American Capital.
The United States is so teeming with
enterprises and industries which are high
~ profitable that it has been difficult to
induce American capital to enter the
islands and aid in the long-sought de-
velopment OF their latent and :ncxhausti-
BILE resources.
The following resume, however. will.
show that American enterprise and busi-
ness sagacity have already made great
progress In field that few years ago
was almost wholly occupied by foreigners.
up-to-date systems OF lighting and street
transportation have been inaugurated IN
the city OF Manila, in which millions OF
American money are invested and are re-
ceving their just reward in profits.
Contracts are held By enterprising
Americans for harbor works at Manila
involving m expenditure OF over 81 100000.
and harbor works are under way at lloiio
and Cebu. both in the hands OF AmeTi-
cans. a modern telephone system has been
installed in Manila With American capital.
and viii probably gradually extend ITSELF
thr6iIgnout the whole sof thu island of
Luzon. AZ authorized by the franchise
Concessions have been granted and sur
yeys are under way dor the construction
of 3co miles OF railway in the Nisayan
Islands. and over 400 miles in Lu2on, due
wholly to the business enterprise and the
aggregation of American capital. and will
Involve between ten and twenty million
dollars of expenditure. Electric lighting
plants have been Installed at 1loilo and
.Cebu under American auspices and with
American capital.
An important American bank has been
established and has captured Its fair share
of the banking In the islands; contracts
involving millions OF dollars for new
water works and sewer systems for the
city of Manila have already geen awarded
to American capital; contracts have like
wise been awarded to Americans for the
construction OF two immense steel and
cement whnrves or piers at Manila; larg.
lumber concerns have been Einnugurated
and are carried on in different parts of
the Islands by Americans, and are selling
considerable portions OF business for both
imported and domestic lumber; the largest
private stationer and printing establish
ment In tho islands IS in the hands OF
Americans: the second largest establish
ment In the world for the manufactures
OF cocoannt products is doing business In
the islands under American control and
with American capital; one of the largest
importing and exporting houses in the
archipelago has, under American manage
ment and with Amtrican capital. already
captured n most formidable portion OF
current business.
American lawyers. physicians, dentists
and merchants are found in every direc-
ton; an aggregation Of American capital
has given tremendous impetus to the
most important product OF the Islands
abaca' or Manila hemp. which has no
rival In the markets OF the worldly
absorbing several OF the older and larg-
er companies and the use OF new appli-
ances which American skill and capital
are bringing to bear; whatever develop
ment has been made in the mining In
dustry has been by rugged and y hardy
backed by American capital
the American newspaper men are also
found In considerable numbers, enter
prising there, as ut home. as an import
ant factor in shaping public sentiment
in the Islands.
American enterprise has not taken its
proper place In water transportation be-
tween the Islands. yet such capital Is
not wanting, and one company Is now
meeting a success. Many varieties Of
useful and valuable machinery for saw
Ing labor and increasing production have
already been introduced by Americans,
and this is a growing business. The UNI
occupied field is still large, and will fur
nlsh for many years to come an outlet
for surplus energy and money of citizens \
of the United States to tho benefit both
Of themselves and Of the inhabitants OF /
the islands.