Show tERMAN ERMAN AND ENGLISH S COPPER CONSUMPTION LARGEST IN HISTORY I All Air the large financial men who have ha 5 been spending some sonie time in hi Europe say 5 r that business conditions are very much Improved ed in the foreign n countries This S applies especially to the metal markets in England in-England n Daniel Germany GenTIan and S Vu Guggenheim President of the tho American 5 Smelting and Refining company compan returned to New York recently from a a. stay ta r O of four fourS S rn months months abroad Of th the copper situation he tie gave out gave out the tho following statement I sL novel knew a time when consumption consumption tion of copper in Germany German and Engl England nd S. S was was- wasso as so o large as row and if the price as S stabilized even though at a hi higher her than tho the present one the demand demandS for for- copper would oud be much greater bc- bc S 5 c use v. v tho buyer burer would not hesitate to 5 buy as is the case now for fear he might lose his 1115 manufacturing profit by a decline de de- de- de dine cline in the raw material 0 5 Re Regarding financial conditions abroad Mr Guggenheim G Guggenheim said Franco has invested during the last twenty years in Russian securities upwards upWards upwards up- up wards of I and has to invest Inest yearly n upwards of In excess I S o 0 o- o othe the money It requires for fOI development develop develop- ment of its own business Think of the thc advantages to a R. country like America with its millions of undeveloped eloped resources S continually requiring new capital if ItcO it cO coil rold Id se secure lIre a patt part of this large largo sum S At present French capital Is is to a great extent going oin to develop Africa the thc Congo and South America If O oo O to were Wera secured for tho the 5 building of railroads in Alaska and the opening up of this Vast empire I believe beHave believeS S that in thirty years Jear Alaska Ala ka would yield jOo to and in ad addition addition addi addi- l- l tf tion n pay the parties that furnish the theS S money a very ven large profit This enormous enor enor- mou sum of from to would go to the American people who had bad enterprise enough to go after It Says Bays French Complain During my recent visit Isit in France I IS S learned that the French officials wire Ire seriously considering th the advisability of listing listin no more American securities on the French stock exchange because of the corporation anti feeling in America which the they claim is responsible for the serious fluctuation lit irr American securIties securities S ties These fluctuations make malce the French investor dissatisfied with his investments S and fearful of the ultimate outcome of oC his principal Are we not pa paying ing a big price because of our agitation against railroads and nd other corporations S Regarding the railroad rate rato question he ho hoS S said Would it not be bo preferable if tho the various st states tes that are endeavoring to prevent the railroads charging reasonable rates would insist on the railroads doIng doin doing do do- in ing awa away with murderous grade crossings crossings cross cross- ings not be better for the business business business busi busi- ness interests interests' if the railroads were compelled com corn to sufficient cars to shippers S at all all of the year establishing S proper proPer proPer- prOtection for the workmen and provide pen pensions ions and insurance for their fa families when the bread winner can do dono dono dorio no rio more wor These questions are of more more more- vital interest to our country than thanS than'S S the matter of an an extremely i In railroad rat rates s. s Mr Guggenheim im di discussed business de development de- de abroad saying Says G Germans ns Are Progressing tile the German empire making comm commercial cornS com corn S m mercial refal progress at at a decidedly more rapid pace than any other country Atthe At Atthe the same Germany is up and not tearing them Us Its ts corporations 5 5 5 down by y a agitation and too mu much h J gisla- gisla lion lion- her tion-her- her agitation seems to be in the S I s direction of protecting the c ln In our In o our r country it Is a crime u to cur to-cur curtail cur cur- tail a product and secure f for forthe r the proS produce pro pro- duce dUc if corporations combine for an any anyS S S such purpose the b best st prices at home and abroad Germany fattens on this sort of thing What I t especially admire in m G Germany Is the legislation in favor of ot the workmen work work- Corporations are areS arec 5 m men n n. n nin in corporations S c compelled to protect their workmen supS supply supply supply sup sup- S ply them with pensions insurance against I accidents etc Laws enacted in this diS direction di direction di- di S if done In a reasonable manner will not find any opposition from officials of corporations ns in America Mr 1 Guggenheim predicted that the next really good times or boom times will commence in in Germany in the spring of 1911 and 1911 and then spread to the tho other coun coun- S. 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