The Japanese earthquake proved a gloomy influence in financial London, owing to the extensive British investments and interests throughout the Orient. In New York during the past week, its influence was practically negligible except as a subject of debate.
Some American business leaders look upon it as a boon to our industries, because of the extensive purchasing of our products which it should occasion. Others consider it the forerunner of financial depression here, pointing out the effect of the Chicago fire in 1871 upon the panic of 1873, and the San Francisco earthquake of...
To continue reading:
or
Log-In
