information that the trade in our newly acquired territory, the
Philippine Islands, will be worth one billion dollars annually under
American development. Here is an immense opportunity for every form of
profitable speculation. Cuba, Porto Rico, and Hawaii, also, are inviting
fields, and there is no doubt that the next decade will witness the
making of many fortunes in those islands, and the foundations of
hundreds of others. Now is the time to begin, as those earliest in the
field will have the first chance to buy up depreciated stocks and
lagging industries.