The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-11-15
HOW WORLD VIEWS AMERICA.

HOW WORLD VIEWS AMERICA.
The comments of Europe's leading
newspapers on the result OF our recent
election dwell largely on its economic
side, and show the important relation
which the United States holds to the
worlds business activity and prosper
ny. Says the London Standard: Ell
rope is now SO much interested In the
commercial prosperity Of the United
States that anything conducting to that
prosperity will be cordially welcomed
here" The Berlin Tageblatt remarks
that 1.-THE certainty that America Will
refuse to enter into any dangerous
politicoeconomic experiments should
serve to bring conclusion OF the
economic crisis in America, and at the
yame time give an upward impetus to
business throughout the Old World"
Along similar lines are the expressions
Of most of the papers Of Paris, Rome,
L, 3,
the other European capitals, while
Tokio's leading journals comments
are in similar strain. These utter
lnces show the Importance which the
Old World placed in the election here,
and likewise point out the large part
which the United States plays in the
social and industrial affairs of the ma
lions. So much interest was felt in
the result that many Berlin, Paris and
Rome papers issued extra editions on
the morning of November telling the
result of the election. No such widely
extended interest in any American
election was ever shown in Europe
before, except in that of 1896.
It is easy to see the reason for Eu-
ropes interest in American condiaions.
The money scarce here year ago I'M
mediately registered itself all over the
world. For year or more before the
closing days Of October trade had
been gradually slackening throughout
Europe, but the furry which set in
here twelve months ago registered it.
self adversely at once on the other
side of the Atlantic, and brought a
halt in many activities there. Hotels,
clothiers for women and men, dealers
in jewelry and others in many sorts OF
business felt their income suddenly
slacken through the diminution OF
their revenue from American sources.
The diamond and jewelry dealers were
hit quickest and hardest, and many OF
them went into the hands of receivers.
Nearly half of the diamonds purchased
in the world are bought by Americans.
The furry here Immediately cut down
the purchases, and steep drop in
prices took place at once. The re-
covery in the past few months regis
tiers the improvement in the business
outlook in the United States. The
leading trade papers of Europe all
have departments devoted to condi-
lions in the United States, and the re-
vival of financial confidence here
which has been under way for several
months and which will now take a
marked form, has aroused much in,
terest there. For this and other rea-
sons much space was given in Eu.
ropes press to the developments in
our recent campaign.
Americans make and spend more
money than the people Of any two OF
three other countries combined. AL
though the population of the United
States is only per cent OF that of the
entire world, it produces 90 per cent
of the worlds wheat, % per cent Of
the worlds gold, 35 per cent Of the
worlds coal, IS per cent Of its manu-
features in the aggregate, 3S per cen
of its silver, 40 per cent of it's pig iron
AZ per cent OF its steel, SIS per cent O.
its petroleum, So per cent of its cop
per, 20 per cent of its cotton, and 81
per cent of its corn. At the rate o
increase of the past dozen years The
wealth of the United States in 1908 il
about $4,000, 100000, which equals
that of Great Britain and France com
bined, which are the second and tn,
third nations. respectively. on thi
roll AS the foreign trade of the Unit
ed States amounts to over $4,000 900
900 a year, and as this. on our impor
side. shrinks sharply in times of fir
ancial trouble, the Quotations in bus
ness here naturally have good dea
of concern for the world. The newsps