The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-05-15
Scottish NobIeman May Move
to Canadian Ranch.
Gradual Departure of Capital
From England Inevitable.
FEAR SOClALISTIC GROWTH
Wealthy Englishman Returns
Here to Live.
Finances Railroad to
Be Built in Spain.

| New York, May 15.-The duke OF
| Sutherland, a nobleman of SCOTLAND
| who inherits a title esta blished fol
many generations in Great Britain
occupied with other pursuits thai
those of pleasure. In personal appear
ance the duke resem bles, remotely, il
| is true, Andrew Carnegie, the Scottish
physical traits being easily distinguish
ed. He is little past go years of age.
In his intercourse with those whom
he has met in this city he has been
free from any affectation or apparent
consciousness of his title. = intellectual
ly he has revealed himself a man OF
acute powers of observation and ca
pacity for thorough and careful rea-
soning upon economic subjects.
The duke has come from across the
sea for a purpose which most impress
sively hints at the prevailing social anc
industrial and economic, as well as po
litical, unrest which prevails in Grea
Britain. He appears to be persuaded
that what has already occurred is no
more than a beginning and that Eng
land is probably face to face With q
momentous experiment, testing radical
socialistic and democratic principles
in the hope that they may avail to end
prevailing turbulence, distress and VIC
lent agitation.
The duke has boughts several thou
sand acres of fertile lands in Canada.
and it is his purpose to establish there
farming upon a. large scale. He Will
direct this agriculture himself. While
he did not say to his friends in this
city that it is his purpose to make a
new home in Canada, abandoning the
extensive moors and the mineral riches
which abound in the county of Suther-
land, nevertheless he did not fail tic
convey the thought that this was his
purpose. Without complaining anC
without any kind Of reproachful words,
it was made clear by what he said
that he regarded as inevitable the
gradual departure of capital from;
Great Britain, perhaps in the course OF
few years by accelerated momentum
seeking investment in other parts o1
the world where more peaceful condi-
tions prevail
Michael p. Grace Returns.
Recently Michael P. Grace, one of
the very wealthy men of Great Britain
brother of the late mayor of New
York. William r. Grace, and associated
with Mayor Grace in the creation of
the international mercantile house of
that name and with great financing
and exploitation in South America, has
returned to New York. He intimates
that he has come back to America
for permanent residence. The Inference
has been very strong that Mr.. Grace
is alarmed at the growth of socialistic
and radical tendencies in Great Brit
ain. fearing. possibly, that in the fu
ture legislation may be enacted by
parliament which will be somewhat
confiscatory.
Michael P. Grace was, about 1890
admitted to the rank occupied only by
the worlds greatest international f1nan-
ciers. In association with his brother
William r. Grace. he undertook, in the
early nineties, to finance Peru out OF
her financial slough. That was regard
ed by many of the worlds great finan-
ciers as a very difficult SC not inapossi-