New-York tribune., 1908-03-15
ENGLAND ONLY FRIEND.
CFEH-S OF 4. b. HEPBURN.
!SoUs Other Po7cers Would UeicOme
Uar Betreen [. S. and Japan.

Rz~.oB Eerburn president of the Chase Ma
-f~nsI Bank and former Controller OF the Cof-
-e,cv who returned from Europe on the Ilsi-
tsais or Friday, said in al interview yesterday
,-s- The Continental powers would welcome 4 war
rev cen the United States and Japan as a means
of GRIPPING the commercial activities or Doth ma
tlens Great Britain he added. was the only lrieIo
ms country had in Europe
~ F5ext,y-r Who took active part in stop
--,e -te panic in October away Two months
go for g much needed rest and recuperatloh ne
vas a. hrs desk Il the bank yesterday, and SAID
-5z- he r-Ep had done him q great deal OF good
The one thing that strongly iInpresses II
self upon the mind OF careful observer in Europe
- the present time he said. is the fact thai
-ho Continent OF Europe does not like the United
states. We regarded there as a bumptlous
r,e,oIe who ought 10 be spanked into some sort OF
-ecorurn. and they would welcome and rejoice IN
suv international complications not involving
themselves that would bring US into difficulties
We are their commercial and hnanclaI rivals
on the Continent they think. or affect 10 think
-aa1 their present financial and commercial diff
c-l-ies chargeabIe TO us-their depression Is q
-eHex OF ours. accenJuated b. the 20o@noo OF gold
srcn We took during December and January The
halznce Of trade II favor Of the United States IN
>-.zsr.,,e- December ard January more than
$40 Fsl9oa and every dollar OF gold We took was
Obtained by commodity bills. and yet they seem 10
t,-.nk that Europe loaned x TO US as a matter OF
tazo- 4 Is our growing Importance as naval
zz,5 military power that most dlsturos them II
-s.,f-a,s - rts-uatiouaI balance Of power as il
,.-e.o<o-e existed. and upon which their diplomacy
as heretofore been based. Neither does the Con
r3,en- * japan. and for similar reasons.
Her reosntly achieved naval and military pres
.4,-e nd her English alliance have brought Japan
.e --o-- n the family OF rations, aggressive
-o-c. that must be reckoned with in world politics
= calls halt 20 territorial acquisition in the East
=uo from now or Is likely mark q recession IN
European influence IN Asis- Concoutant Herewith.
European commerce IS suffering serious check.
z-6 = bound il future. II view OF the wonderful
commercial adaptability and activity OF the
japanese 20 encounter q competition heretofore
r.-krozu. The yellow peril that loonlec large IN
ne earlier stages Of the Russo-Japanese War stiil
talks the Continent OF Europe although II Is no
longer polite II proclaim the same
It follows from this condition Of affairs inat
rothIrg would be contemplated with greater com
1lace1cy by the Continental powers than Z war De
caeen the Uniled States and japan A taxing OF
-he strength and a wasting OF the resources OF
.rese rTo powers not involving themselves. would
reno restore their relative power and precedence
~ council Of nations This explains me re-
-ea-ed ru7no-s from Paris. Berlin and St Peters
-u-- OF impending difficulties between the United
states arc japan: the wish is father 10 the
thought e-d the continual prediction OF trouble Is
made IN the hcpe OF melting the same
.-rrez- expected sorne disaster 70 befan our fleet
- r-s Pacific cruise They consider Admiral Evans
zv something OF z sRashbuckler. and they regard
-.e President as ;npUIsive, and tIey seem TO have
-eal, persuaded themselves that disaster or com
-f--at5o1s must ersUe The feet proceeded on its
-our--zv, only without uuishsp, bur IN q man
-7-- cen1cnstratiug lis efficiency. The reception Il
received has proved ire wisdom ~ tie cruise. ana
- one can taL read from. IT the closer ties be-
-z-=e- the rzr, Americas. which must be OF e
great ccrl-rne--ial and political advantage II the
e1+--e Our European cersors are proPortionately
disappointed
II vas never more apparent than nov that the
--r- Ev-c2ean friend have is England Eng
e-c rs -he only European power that would rot
-r~o--e condition cf affairs that might bring 10
.,r disaster OF defeat England interests parallel
ou-s sn5 anything that would impair our pres
t5g@ would be alike prejudicisl 70 her