Show OSE ONE IMPENDING DANGER it I 1 may be formed from present appearance the repeated forecasts cartoof of strong competition in the near future on the industrial indu atrial gold field between asiatic manufacturers and those of the western world are no not to be regarded as more mere dreams dreama of alarmists alarmiste alar mists it Is seems memo probable abdo that as civilization finds its way to the millions of japan and china and these learn the value of adopting modern methods they will do so BO and they are in a position to place on an the market almost anything in demand at a figure that would be ruinous la in any country where labor is unobtainable except at comparatively high wages A little over thirty years age japan erected its first cotton mill with spindles now that country has hag forty six mills with spindles and large orders orden have recently been placed for more cotton spinning machinery evidently in anticipation of an en barged market in the chinese districts opened to the outside world by the recently concluded treaty ot peace deace the chinese themselves yea also are making preparations to supply the home demand in this line according to a report of the united states consul at tien tatu one chinese oft official lelal has ordered from europe cotton will mill machinery to the amount of some idea maybe may be formed from these figures of the industrial awakening now taking place in those countries and of the effects it may have in the future on the be established industrial centers of the world when other fields ot of labor shall have been entered on a similar scale the orientals orient als are also rapidly exerting their energies to in many directions they are now DOW not only making their own cotton fabrics but also pottery leather goods iron and steel ware and watches and they are looking for a large export trade trace tin in such merchandise in view of those these facts it is evident that a c of the industrial equilibrium of the world is threatened and that questions of the gravest nature will have to be met in the near future |