Saturday, March 16, 2013

Homecomers Are Hopeful.

New York Times 100 years ago today, March 16, 1913:
A. B. Leach Thinks End of Balkan War Will Start Era of Prosperity.
By Marconi Transatlantic Wireless Telegraph to The New York Times.
    LONDON, March 15.— Optimism with regard to American and Mexican business and financial conditions was expressed by business men who left London to-day to take the Cunard liner Carmania, which left Liverpool for New York.
    Sir Lionel E. G. Carden, returning to his post as British Minister Resident at Guatemala, said:
    "I have no fear that British or American interests will suffer in Mexico. A responsible Government will be evolved. Even now the name Diaz exercises great power. There is no chance of the old man returning to power, but his name goes far. He may make the Government organized by his nephew strong.
    "America could not intervene if she wanted to. Think what a conquest of 16,000,000 persons means! The country, when subdued, must be policed. America has not the army resources to undertake the task." A. B. Leach, the New York banker, with Mrs. Leach and Mrs. A. H. Stanley, wife of the Manager of the London Underground Railway, who goes to visit her mother in America, were among the passengers. Mr. Leach said:
    "The Spring brings an easier financial situation in Great Britain and America, although money will probably be no cheaper. When the present Continental army increase bills are settled the hoarded gold in France, Germany, and Austria will be released. The end of the Balkan war will mean much, for when the armies get back home all will turn their attention to the soil, which means an era of prosperity."
    Mr. Kyamaguchi, the Yokohama banker, is going to Washington to study the United States banking laws and the changes contemplated in them. Others on board the Carmania are William Thompson, C. F. Prudhomme, D. S. Baker. A. W. Elliott and party, Mr. and Mrs. E. D. Francis, Prof. and Mrs. Pollard, Mrs. T. Pinkerton, and S. Tattersail.

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