Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-05-20
British Capitalists Seek En-
terprlses for Investing
Their Money
Indications Of Record Break
ing Year for Business
IN This Country

discount to per cent last week was
received all through the financial
world as the official certificate OF ease
in money, and it was promptly 1ol'
lowed by the banks of India in a re-
duction to per cent in that country,
instead of the per cent which had
been charged by them for the last
several months.
This reduction of the English rate
was not regarded as significant in the
financial world as to peaceful condl'
tons therein, ut was accepted as in
dicative Of smooth sailing in the po'
litical affairs Of Europe as between
the nations. The rate now CHARGE
by the bank is lower than at any
time since the Germtn-French-British
ENHANCEMENT over the affairs Of Mo-
rocco last summer.
One of the marked features OF the
English business situation is the con-
tlnuance of the sales of landed inter-
ests by the nobility and the wealthy
miudle classes, and the increasing de-
sire of English investors to place
their capital in enterprises in Ameri-
ca. Africa and Asia, rather than in
those in the United States.
Can Suggest No Remedy.
The addresses of Premier Asquith
and Chancellor Lloyd George to the
Bankers association last week,
through which ran an unmistakable
tone Of caution and anxiety as to the
consequences of the undeniable In
dustrial discomfort and the restless.
ness of all classes Of British labor,
can be taken as representing the min
istry's knowledge of that feeling OF
doubt as to the future which possess
es the higher classes and the invest
ors.
Neither Asquith nor George ap-
peared to possess any remedy, nor
were they able to point out clearly
and definitely any solution Of the pro-
blem which they so clearly stated as
existing.
AS with that dread physical disease,
cancer, those physicians and sur.
geons who know the most about it
are the ones who are least likely to
predict positive cure. .
14CAllCE <1o4u4Lu anu 4ZAOOy oOO4 Sc
have for years been political special
lists upon the Kingdoms industrial die
orders and after all their study of
conditions and their knowledge OF
the science Of government, it is very
evident that while they have looked
down to the breaking point the capita,
of the kingdom, they are we'll aware
they have not advanced far in the
cure of the poverty, distress and mis-
cry which exist among the masses of
the people of Great Britain.
One point they made very clear,
and it applies to our own conditions,
as we'll as those of the British king
dom; it applies to every nation where
business is transacted, and that Is
that general advances in prices are
additional imposts upon the entire
community upon all the people, and
must be paid by them.
There will always exist in business
affairs the desire for profit, and indi-
vidual and organized effort of certain
classes to obtain that profit, and it
has become duty among statesmen
under the modern plans of business
TO adjust such matters as far as it
lies in legislative power, judicial pro
cess or executive action.
All Glasses Organized.
In Britain all classes are organized,
each to advance their own interests,
and the people of the United States
are rapidly following in precisely the
same lines.
From bootblack unions to agricul-
tural societies, from BARRIERS lodges
to bankers associations from the
Italian fruit venders' meetings to the
merchants associations, from unskill-
ed labor alliances to the most power
full manufacturers combinations,
there is earnest and persistent effort
to obtain little more profit for their
own several, separate and distinct
shares.
There are constant appeals to gov
ernmental forces to gain some advan-
tage, to maintain some advantage al
ready held, to prevent some advan-
tages being taken by others, constant
calls for readjustments, for powers to
even pu, to treat fairly; organization
of one class begets organization of
another class, and governmental in
PREVENTION Is called for, approved, re-
sented, opposed, and finally forced up
on those who exercise its powers.
Great Britain and the United States
are meeting problems that past ages
never met and never solved, and the
science of government in this era is
far more intricate, far more profound,
is compelled to be far more exact in
order to meet the ages sense of JUS
tice than ever before in the history
of the world.
From the addresses of Premier AS.
quith and Chancellor George it can
be seen they recognize fully the diff
culties, but have found or determined
upon no remedy.
They can use the government pow
er to an extent that will impoverish
the wealthy if they remain in Britain,
but their words already evidence
their doubt of being able to enrich
the poor.
Different in United States.
The phases presented in the United
States by these questions are differ