Article October 4, 1900 Issue

The Regeneration of Spain

The Great Round World

One effect of the Spanish-American war of 1898 has been to open the eyes of Spain to the necessity of building herself up—of seeking to regain some of her old commercial prestige. She seems to retain little animosity against the United States. The Spanish Consul-General at New York was recently quoted as saying: "We are content to do without our colonies, and I think that perhaps we are better off without them. Porto Rico and the Philippines were a great expense to us—not only an expense of blood, but of money. Cuba drew more on our blood. Now we have the Kingdom alone, and we shall be able to make it rich and powerful."

Commerce between Spain and the United States is now greater than at any time since 1884. The Spanish steamship line, which now runs two steamers a month direct from New York to Spanish ports, is unable to carry all the exports, and will, it is reported, soon put on an additional steamer. The United States is also increasing the imports from Spain.

Considerable capital seems to be going into Spain from France, Germany, and England. In Spanish cities industries are growing. Factories are being built, banks are increasing their capitalization, commerce is extending. Signs of such growth, following so closely on the disastrous war of 1898, speak well for the recuperative power of Spain.—The Great Round World.

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