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Show j Former Consul Denby Says Field Is Limitless for America. or the Conquest of the Chinese Trade Field United States Must Cease to Regard Empire Merely Mere-ly as Market Place. Washington. "The American dollar with the American man behind it. That," said Charles Denby, recently consul general at Shanghai, who is in Washington en route to a new post of duty at Vienna, "should be the motto for the conquest of the Chinese trade field. To achieve success we must cease to regard China merely as a market and begin to consider it a region for permanent investment. We cannot hope to sell our goods by standing at the doors of our warehouses. ware-houses. We must get closer to the Chinese people. They are unusually friendly toward Americans as a result of our generous policy in Chinese affairs af-fairs during recent years. The government gov-ernment is likewise cordial, and investment in-vestment of American capital is desired. de-sired. "The time must come when. our financiers fi-nanciers and business men to promote American trade in China .will regard seven per cent, in that empire as seven per cent. here. It is futile to hope for orders for American materials mate-rials to be used in the construction works financed by foreign capital. In all government loans made for the construction con-struction of railroads, etc., it is now purchased from the nation providing the funds. I have known Germans constructing a railroad in Shantung to refuse to consider American ten ders for material and equipment solely sole-ly on the ground that the orders must go to Germany, even at a higher price, because the enterprise was being financed fi-nanced by German banks. "One feature of the Chinese industrial indus-trial situation has escaped attention here. It is that the empire is at the threshold of what, I believe, will be an era of remarkable manufacturing activity. ac-tivity. The American Tobacco company,' com-pany,' which operates in the east as the British-American Tobacco company, com-pany, manufactures,, from American tobacco largely, vast quantities of cigarettes. ci-garettes. The cheap labor available at their factories in Shanghai, Tan-kow Tan-kow and Mukden, together with their employment of the most modern machinery, ma-chinery, enables them to prove the wisdom of production close to the consumer. It is my opinion that the manufacture of ready-to-wear clothing in large quantities would be a most profitable pursuit. The Standard Oil company has made vast profits by getting get-ting close to the consumer. Its oil boats deliver petroleum to the most remote sections of the empire without recourse to the middleman." Chinese Ban on Japs. Tokyo. The greatest stumbling block in the way of an amicable settlement settle-ment between China and Japan of the differences over the Antung-Mukden railway is the order of the Chinese authorities that land be sold to Japanese along the line under severe penalty. This and several other questions ques-tions concerning Japanese policy in China will be determined in a short time, it is expected, as the whole matter mat-ter has been placed in the hands of the emperor by Foreign Minister Ko-mura. |