The Birmingham age-herald., 1914-08-03
.F|NANC|ERS REGARD } WILLIAM HIGHLY AS
 RULER OF ABILITY Germany's Greatest Interest Would Have Been in
 Avoiding War
SET NATION BACK BY TWENTY YEARS
Only Few Days Ago Vanderlip Was Confident Diplomats Would be Able to Avert
 Big War
By HOLLAND

New York, August 2.-(Speeial) A Vanderlip voiced. on the day or Aus tria's declaration of war, the opinion heiu in the financial district and in some ol the larger business houses of New fork pbout the probability of a continent-em bracng war in Europe. MT. Vanderiip did not go into details, being content siinpH to say that he was persuaded that the re sources of great diplomacy would De sur ficlent to avert a great catastrophe sueh as a general war in Europe would pr1ng about
 Upcn inquiry in the financial district II was possible to learn some Of the reasons upon which MT. Vanderlip based this view snd upon winch others who are of good authority respecting foreign affairs base ,.a like opinion. One of. the great masters of American business and finance said; If you will look at the latest statistics whieh
 have been rec eived from Germany ana
 wEicn show the magnitude of her indus
 trial and commercial interests and the
 constant increase of her prestige as an in-
 6ustral and commercial nation, you will
 be sure to find embodied there sufficient
 req son for tho inference that the Ger
 man Emperor will. in his own way and
 with his peculiar and sometimes eccentric
 diplomacy. dc everything in his power to prevent g general conhagration.'
 When. last winter. statistics of this kind
 were received in this country they showed
 that Gernlany was rapidly gaining mar
 kets of the world which were only few
 years ago ia the almost exclusive possess
 sion of Great Britain. Germany stood
 second to Great Britain in the money Value of her exports and manufactured
 commodities aEo ahead of the United
 States in this respect. Germanys s increase
 in exports Of this kind has been, in re- cent years, more rapid and greater than the increase reported by the British man. Uftcturers.
 Thesa figures furnish one of the reasons why the impression is strong in this city that the German Emperor will in lis owr way to everything in his power to prevent general explosion upon the continent oi Europe.
 Some of those who have been leaders ir building up our foreign trade have re- gently spoken of the successes which have |lbeen gained bv the Germans and wh1cf lave been due in. no small measure to tht influence of the Emperor. James A. Far Fell. presiuFnt sots the Limited States Stee corrCTa atlOn.t hos recently spoken or attis tridmlihs of, German industry in the Tor eign markets. and of the fact that bA reason of these industries the people o Germany are husy all the time some of the world-depressng business condi tions have been felt in Germany, bu not to as great extent as in the othel industrial nations including our own.
 Two years ago, by reason of the com plicatioDs arising out of the Balkan war rho German ha nk,ars found themselves II some embarra ssment. They made appea to American bankers for aid and received 1t. Probably as much as $100,0OO.000 were . furnished by American bankers to Ger many at that time. The German bankers were able to furnish detailed informa