Show ADVANCING JAPAN the chicago Is doing this country a great service by keeping Nv illiam E curtis in the 0 orient to post this country on tho the state star L of afra affairs firs there in the last record Is a letter which has some soma valuable information tho called upon count okuma whom he calls the john slier man mail of japan inasmuch as lie ho has handled the finances of that country for several years in the course of the interview he asked the count how soon japan would be ready to compete with tile the united states and other manu fac nations in the markets of the world to this the count replied as follows 1 I do not think there liters vell ever bo be any close competition between the united states and japan lie ho replied but aith in III twenty five falve icara earn I 1 expect to see ace our manufacturers in control of tile this Atil atit market hy that time m wo a shall be able to lo furnish nearly everything that Is r required on that continent and it will be a serious ackrious competition for england germany faanee and other european countries it v ft lit III be years year loncer before longet we a will III be kille able to compete v alth it I 1 them in machinery we a that so BO in III hand but in fabrics fabrica still almost almont everything also we ile shall bo be able to begin ox y porting very soon boon japan lias has a great fu tur lure 0 as ft nation but its natural t ural rivals are arc in europe not in tile united states particularly if your country retains its protective policy as w 0 miga ma not como coma in competition with you at allt all that is a notice served on the of what the nations may be looking for in the near future and we repeat that twenty five flye years fience it will be necessary for england herself to do one of two things either provoke a war arid and destroy japans manufactures or draw a protective tariff around her own country in the same letter this barn same man was wall asked it he was in favor of and he be explained that twenty alv five a years ao when he be was aas first min minister ister of finance lie he adopted the thoo theories ries advanced van ed at the parts paris monetary conference and introduced the gold cold system of into japan but it wait wag a mistake lie ile thinks higa however ever that a hundred years hence clience a fg monometallic system of the single gold standard will be generally adopted throughout the world he thinks the time has not yet come and declares that the united states japan and other new countries are not ready for or it and most sensibly adda they need great deal of currency to transact their business bu but Z as tho the world progreso cs and nations intermingle more and moro more uniform trade oy Eterna bo do v eloped which will enable them to do W wilh h I 1 loss and each development will tile panes with largo large amounts of tile tho circulating medium until they become bradu ally able to accept gold cold further on he thinks the restoration of silver now would ruin the ilch men 0 of f title tills country evidently he does not take into consideration tile the effect on prices chich Is always produced by increasing cr or decreasing the volume volumn of 0 original money he wants larger trade with the united states and ho he wants tile the capital of the united states to go to japan to invest in new manufacturing enterprises there and it Is a good thought for the young men with capital to consider |