Rensselaer Republican, Volume 22, Number 10, Rensselaer, Jasper County, 14 November 1889 — EUROPEAN JEALOUSY. [ARTICLE]

EUROPEAN JEALOUSY.

It Becomes More Apparent as the Objects of the Ail-American Congress Are Discussed. The effort which is being made by the Washington government to establish more intimate commercial relations between the United States and the states of South America has awakened on this side of the Atlantic a new interest in toe latter countries, says a London dispatch of Tuesday, This interest is hors partly of a half defined fear that the efforts of toe United States will be successful,'and that some of the trade which Europe has built up with these states will be diverted to North America, and partly of an anxiety to watch for any new developments which may point to an augmentation of trade. While most of the English newspapers affect to ridicule the possibility of any combination between North and South America, they agree that it is necessary for Europe to bestir herself and look sharply after what she considers uer own. The total yearly foreign trade of South America is estimated at $700,000,000, barely one-fifth of which isdonewitir too United States. It is urged that this condition of affairs is maintained, not so much on account of the tariff and navigation laws of the United States, which, no doubt, have their effect, as from the absence of United States ccapital in South America. The enormous amount of European capital is pointed to, and also toe fact that Europe has furnished in the last thirty years near ly 2,000,000 settlers in various parts of the country. Despite that most of these set tiers come from other countries than the British Isles, English capital, English trade and English shipping are supreme in South America, and it is shown that financially and commercially England has an immense stake there. Thus, while it is insisted upon that the United States has no possible chance of forming an exclusive customs union with South America, toe English are somewhat jealous and extremely watchful of the outcome of too Pan-American Congress. Every movement of the congress thus far has been reported here, and when it resumes its session the English papers will contain full accounts from special correspondents of its deliberations.