Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1910-06-06

\ The British investor becomes SO
very cautious when once his SUSPECT
ons are aroused. applies not only TO
the British. but to al lother invest
ors-American and Continental. as
well as British. The Times. reviewing
the situation, says:
This makes the appeal OF the Amer
cans for French capital doubtful OF
success, and. as we have shown. il the
appeal does not succeed, a serious sit.
uation will arise II is scarce.
ly an cXaggeration to say that Ameri.
can financiers are Hooking to Paris
Let us call attention to the
fact that recently over 500 900 900 Of
American railroad securities have been
placed in France, but this is a very
small proportion OF what is needed
Moreover there is another menace to
the United States i'm its efforts to Sc.
cure foreign capital I'm the improve.
mcnt OF Canada's credit which is now
appealing strongly and to a consider.
able extent successfully for English
capital to develop it's great resour.
ces
AS the United States is so largely
dependent for foreign capital with
which to develop its railroads and it's
industrial interests. Notwithstanding
its own vast wealth (for its surplus
capital does not begin to equal it's
needs, so the Sou,h needs to secure
capital from the orth and West us
well as from Europe, to carry on its
development Its increase i'm wealth In
the next half century would no moro.
make ii independent OF outside capital
than is the United States today indo.
pendent of foreign capital Without
great influx of capital from other
sections and from Europe Southern
development will necessarily be seri.
ously halted, and its vast resources
remain undeveloped except to a limit.
ed extent. 1t behooves the people
OF the South to recognize this situa-
ton. Every developing country in the
world competing for the surplus capi
tai OF the world. The opportunities
for investment are llmitless in all the
rapidly-developing regions OF the
earth. Neither the South nor the
United States can claim any monopoly
OF these opportunities, nor have they
any call on the worlds capital. unless
they can present more inviting oDpo,.
tunities than other sections. and Ger.
fanny equal assurance OF the amplest
protection. Capital seeks not only n
promising field for earnings. but II
seeks the assurance of being absolu.
tely safeguarded 1t has a right to
this. II the South wants to secure
capital, and the fructifying influence
which capital brings to the business
lie OF a section, it will necessarily
be compelled to meet the terms de.
manded by the capitalist He cannot
be forced against his will to nut his
money into the South or into any 9th
er section. Wherever this capital goes
IN great quantity, it proves to the
parched desert of business inactivity
OF industrial stagnation, as Iife.giving
as the waters turned by irrigation to
the desert lands Of the semi.arid re.
gions II the West. II the South wants
to make the most OF It's opportunities. ,
If the men of this generation want to
see the benefit OF universal prosperity
and broad business development. they
must realize the dependence of this
section upon outside capital. exactly
as the United states must depend ND
on foreign capital. Really, the Souths
dependence is very much greater. for
IT has not yet had time TO accumulate
capital as has the rest of the conn.
try. To secure ;his capital it must
oher opportunities surprising those o.
Canada and Mexico and the other re.
gions of the world mat are now ma
dergoing development, and IT must
guarantee absolute protection. so that
IN opportunity and in safeguarding
the money Of the outside man it can
present a more inviting prospect than
any other region hearth. Otherwise
ITS appeal for capital will be in vain