"DOMINION NEEDS CAPITAL."

Dominion, Volume 4, Issue 1126, 13 May 1911, Page 7

"DOMINION NEEDS CAPITAL."

IMMIGRANTS WILL FOLLOW,

Tho Vice-Consul General of the .United States, Mr. H. 1). liakor, wlio is now in Wellington, thinks tho people of New- Zealand are. very capable and goahenil in a great many ways. "It is wonderful," ho says, "to observe the way in which thoy have made use of refrigeration to develop their frozen meat business. They have shown originality—a good deal of it, too." > Mr. Bilker added that ho thought that one of the great things necessary here was the introduction of outside capital. He thought that capital was more necessary than immigration. "Get capital first, and the labourers will follow,' wns his idea. "The prosperity of tho United States is due chiefly to the largo amount of capital which we have got—in the first place cliiei^ , from England, but now our own. There are so many larfie'enterprises competing with.cno another, and they have to get good men, and the wagtfs for such men tend to go up. Takp all tho big railroads between Chicago and New York. All are. competing against ono another for good men, and the consequence is wages are high. Capital would help the country more .than a liberal immigration policy. Immigration is a thing which will regulate itself. In the States wo do not encourage—in fact wo tax immigrants. .. Nevertheless, people are flocking in. . And. the reason is that wages are high and attract people to the country, and the, reason of wages being liigh is that there is so much active investment of capital, so' much enterprise. The humorous thin? is that the people here who have got money have not got their capital invested in their own country—they Rwm to think England is a safer place."