The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-06-04

comprising heavy financing in Cuba at
the time he did it, then there was no
danger OF serious political or indus
trial troubles in that island. 1t was
his judgment which caused the credit
OF Cuba to be regarded f~avorabIy in
this country and in Europe, and al
though for many years probably there
Will be occasional attempts at revolu-
ton, yet with h certainty of Ameri-
can Intervention in case the sovereign
ty or property is threatened, these will
only be spasmodic or guerrflIa-like.
MI. Speyer is regarded, both here
and in Europe, as a financier who
possesses exceptionally keen and &C
curate views respecting conditions in
Mexico and in Cuba. It has usually
been accepted as a high guarantee of
national credi whenever Mr.. Speyer
has financed Mexican or Cuban loans.
Therefore, when it was announced on
the last day of May that Mr.. Speyer
had financed a loan of ten million
dollars to Mexico, the statement was
accepted Immediately as a demonstra-
ton of the return of Mexico to an or
derby government through the sup
preston of the revolution and the
guerrillas. Furthermore, the financ-
ing of this loan by an American bank
ing house will, it is presumed, cause
all American investors in railroad, in
dustrlal, mining or agricultural prop
critics in Mexico to feel assured that
the recent dangers have been met and
overcome. There should follow the
financing of this loan considerable in
Vestment of American capital in the
republic of Mexico, and there are in
timations that some time next year
to negotiations with Mr.. Speyer for
the marketing of a larger loan which
will be utilized in perfecting Mexican
railway systems.
The Tragedy of the Sea.
The report which is to be made by
fEn ~ -iffa E0P r. p -o~o44 xyh;oI
has made investigation into the causes
of the Titanic disaster and various
features associated with the disaster
simply confirms what men who are
struction and operation have been
saying since the loss of the Titanic,
Many of these opinions were express
ed privately. Some of them are quot
constructors who are in the navy de-
partment at Washington. ALL of these
expert have agreed in one opinion
namely, that the direct cause of the
disaster to the Titanic was the error
of judgment of Captain Smith in per-
hitting the steamer to forge ahead
at her speed capacity when approach
ing a field of ice. That seems to be
the finding of the senate committee.
But none of the experts doubts that
Captain Smith believed he was using
his best judgment and that he was in
error because the field of ice and the
icebergS moved more rapidly toward
the south than he believed to be pos
sible; in other words, the captain
thought that by using high speed and
by taking a souther1y course he could
get speedily by the danger. Some of
the best authorities in our own navy
believe that the time will come when
ocean steamships crossing the At
in high latitude will sail in pairs,
one steamer conveying the other; for
every steamship owner and caDtatr
knows that there are other dangers
than those of icebergs and that life
boats, no matter how many there be,
are not of much avail for more tha&
hour or two, at least when very
heavy seas are running.
HOLLAND. |