Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-02-21
THINKS CANADA HAS BARGAIN
English Banker Says Reciprocity Will
Stimulate Trade.
coon FOR BRITISH INTERESTS
WIN Help Make More solid Securities
Against which Large In
vestments Have Been
Made.

OTTAWA ont. Feb. 2O.-That Canada
has good bargain in the reciprocity
agreement with the United states and
that y yin stimulate rather than check
the Investment OF British capital in tire
Dominion Is the opinion OF A. NJ Grenfeli
son-in-iaw Of Earl Grey, the governor gem
eral. and a leading English banker with
Canadian connections.
n a cable message from London which
reached here today. Mr.. Grenfell Is quoted
az giving the following interview on
reciprocity.
From my recent trip to Canada, am
convinced Canadians fully realize that
progress and prosperity have accrued to
Canadian manufacturing and agriculture
industries from cheap money sent out a. n
rate Of more than fsO0O0 900 year by Eng
lish investors
Il am confident the first thing taken
into consideration by the Canadian mlnls-
ters would be whether this reciprocity ar
ransement with the United states might
affect securities against which these large
investments have been made.
Advantage to Canada.
II believe It win prove Of inestlmable
advantage to Canada. Great material ben
Gifts will be derived by the whole Dominion
in both agricultural and manufacturing in
dustries from the opening OF American
markets
The future prosperity Of Canada must
be largely based on the soundness Of aR-
ricutursl industry and the enhanced value
Of western farm lands that will result from
reciprocity win mean greater prosperity to
English investors The new markets that
reciprocity will open 70 the farmers OF the
west will cause greater demands for the
products of the factories Of the east
Canadian statesmen have taken advan-
tage Of the situation. II appears to me they
have secured splendid terms for Canada in
exchange for giving Americans what Amer
leans could have taken for themselves at
any time by simply lowering their tariff
wall without asking permission from
Canada"
II is probable now that the Canadian
premier, Sir Wilfrid Laurier, will address
the parliament on the reciprocity with the
United States before the week is over. The
question, its supporters assert, is being
befogged in Canada by artificial alarms
raised over annexation utterances, by
comments from the British press foreshad-
owing the curtailment of the British pref
erence and by fears of the manufacturers
that the next step in reciprocity will ex-
tend to- factory output.
Unless the situation clears itself natur-
ally within the next few days, he will en-
deavor to put disturbed minds at rest by
an authoritative reputation of the utter
Tor designs with which the Canadian and
American governments are being credited
by opponents OF reciprocity in Great Britain.
the United States and Canada.
Sir Wilfrid will reafflrm the government
declaration that the agreement is a trade
bargain pure and simple and that its con-
sequences will not in any way tend to pro-
mote annexation to the United States or
result in the weakening Of British conneo-
tions.
Although the opposition In parliament is
showing more confidence In their criticism,
OF the measure, there Is no sign Of any
weakening OF support among the liberal
members, the nervousness shown for a
day or two when the annexation issue was
first raised having disappeared
The whips list OF speakers are IenEthen-
ing, and Il is doubtful II the vote will be
reached in parliament for a fortnight.
Australian Premier's views.
MELBOURNE, Australia. Feb. 20
Andrew Fisher. the premier OF Australia
in an interview is quoted as saying that
II any scheme OF inter-dominion preference
was extended outside the limits OF the EN-.
pire the first step would be to do what
Canada has already done.
This was to enter into reciprocal arrange
vii mil, ,Irgv. a..