The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-10-27
change for conference

change for q conference, II i.
that representatives OF the ~,
STOCK Exchanges could. il not haste,
the opening of the market. at least
do something to safeguard the inveS,
ing public when the Stock Exchanra.
are n In any case. it is felt
here by able and representative ~
that such conferences would result ~
q better understanding between TIA
two nations and lead eventually Ia
greater volume of business betwa.n
the two countries. ?
| am told that American finance,
EaVe the greatest admiration for ma
n In which London has handle
an extremely difficult situation. ans
hat Wall street is profoundly graf
fut for certain good Offices on M
part OF the LOndo Stock Excha0ge
One of the leading men in Nv
York, speaking of the visit to ms
country Of Sir George Parish. said ~
me: If England can do for the Anarl
lcan cotton trade what London has
done for New York Stock EXchap~s
it would produce a very profound i'm.
preston in America. Our cot+nr
trade last year was worth ITO 600 0o0
pounds This year the fall in nrica
reduces it to 110, 00e. 600 pounds and
even at that price there is no mar.
ket."
A man of considerable eminence IN
this country sale to me last night
The most important thing for bntb
England n America is the restora-
ton of in tho financial
world. When this is done, as n
could be done by conferences be
tween the two countries, England
might raise in American any loan She
needs to finish the war. And trade
would Immediately begin to pick nm
again. l am inclined to say that
I'M could be suggested moro
likely to help an embarrassing situa-
ton than this idea of a conference be
tween London and Wall street" This
same man also spoke with great
franknesS of the almost boundlcss
prospects in trade for England and
America when the natural alliances
w the two countries is consum-
mated.
1t must be borne in mind that
America is frightfuIly hard hit by the
war, that the Stapplng Of American
ships by British cruisers off the F!ud-
son River can easily be magniie into
a~nnoyances by England's emf
that the arrest Of the cotton trade IN
America S a deadly blow at American
prosperity, and that working people
out Of employment, old that England
is the selfish tyrant who has forced
peaceful Germany to fight for her eX-
istence, will not be likely to recall the
White Paper" in brooding over the
Immediate question of their own emp
ty StOmachS. England must know
that, If it is in her power to help
America, not only ought she to do ii.
but 1T would be Of the very greatest
service to her future, political and in
d ustrial, to render that help quickly
and generously.
[ am convinced that educated Amer
lean sentiment is overwhelmingly with
the allies; but the longer the war lasts
and the greater the suffering en-
tailed upon democracy over here, tho
more impatient will these hungry null
titudes become with the whole situa-
ton In Europe, and the more likely
will they be to clamor for a FASTENED
peace.
And. let it be remembered, these
working people are s~edulously court
ed by Germany in a hundred ways
n much Of the news which they read
in their papers is very largely coIored
by the skies of Berlin.
Let England preserve her official at
titude of dignity and silence, by all
means; but let the business men Of
England embrace the opportunity Of
this hour as generously and cordially
as possible; for now is the time when
America, greatly respect
ing, admiring, and liking England, IS
more than willing to shake hands over
a long friendship.
we cOuld not possess a stronger.
more stimulating, and more peace
loving friend. America completes Eng