Salt Lake Telegram | 1913-11-04 | Page 4 | Where We Have Failed

I Where We Have Failed Vi With h every very years year's trade returns the balance to the credit of Great Britain is is' immense But in that balance it must not be forgotten that one mighty factor has nothing to do with British t trade de That Tha is the h interest and dividends drawn from Brit British sh capital invested and loaned in foreign co countries A New York financial paper figuring the returns declares that they show the I investments V made ey loaned loane in foreign c countries u tries amounts Wt f These and loans circle the Whole round earth and include mines hotels rubber plantations plantations planta planta- ions tea tei plantations bonds ad libit m and a thousand other forms of property Looking over the tremendous schedule one sees at t. t a glance that they follow the routes of British ships to foreign ports And it is hard to divest one of the thought that had bur Our country at the close of the great war done what h t little Japan did at the close of her great war mortgaged d itself to build and place on the avenues of trade lines of st steamers an rs and by the same rules that h have ve governed in Great Britain or the other rules adopted by G Germany e m an kept them hem r running nning just by money saved in fares and freights during the past forty-five forty years American capital would now be receiving in interest and dividends from foreign for for- ei eign l' l countries as much as Great reat Britain is receiving More rore our pr prestige stige as a nation would have been een equal in all foreign lands and would have been exalted and andin in three or four foreign countries countries coun coun- tries American merical enterprise would have had such a foothold that our four our young men as the they graduate from school would have had the he choice of countries wherein they could at af once have secured a foothold with an open field fied before them in which to win for- for l tunes es and high names The policy which has ruled this country and which we are sorry to s say y has been steadily sustained by some of the most influential American newspapers and periodicals has made this Impossible J y j But it is not Loo Lao late to recover some of the lost ground if steps are taken We sincerely hope that the present administration has the sagacity to see what is needed heeded and the el energy to o put it in f force ce