| Show THE TRADE WITH THE ORIENT In the I. I London Financial Mows ws we find an item which Mr i Moreton Frewen gave r to Iu tIl tho Associated Press in New Ne' York YOlk list last month hut but which so far fat faras faras as w wo have hoc seen never er came west B By the wa way the Associated Press either cither b by accident or design i r n as a rule never sends out Hn any dispatches from the cast that ure tire not in accord with the rulin ruling senti- senti tt k t. t ment of Wall Vall street The rue item is as fiS follows S It a during Jurin the oming i-oming month I r I am lIn to find an au J to present in hI the tha house hotle o of common the tho problem of the I e b silver er exchanges with Asia s I I ne see it t tod today the tho crisis crisis S of ii 7 1111 probably with equally h disastrous rc- rc i. i r lo fo western finance rue absorption of the tho new now gold S to thu amount of Ot n in-arly in uh in ill the p past st twelve bv HIP tIu flati native lJ boards in India Indin is is tho the most sinister tr C incident of our nur tUne time It represents the thc S Hair Hoh for monetary purposes of nf a about lIt the tho total tool annual anu tal gold oM 4 product of J the titi United States Since f. the thc imposition last year ur b by this free trade trall government cu of f a 10 per Ier cent duty ditty on silver l' l which i is the thc raw t material for one of the most l S. S i important tit U Ant In Indian handicrafts the tile natives are hoar hoarding in gold in place ot of silver an and thi this at It a n time when the inadequacy made made- o of f of our gold goll reserves is universally deplored So inadequate in- in JO in- JOt t adequate indeed tire are thc they that were wo we engaged 1 in 1 European in w war r lin England lond would J Jie jc c quickly compelled to mis sus H pond pend Apel specie nay ut The only important feature of the above is is that hint free trade England Englund last year imposed a 16 per cent f. f f dut duty on silver sil It did that knowing that India Ilidia depended de de- IC- IC on silver MiI for joi or its money and nul it merely shows two o things One is that Great Britain never zever looks 00 out for or a chance to gain gaul revenue re except when H t affects her factory hands The file other othet i is the thc determination deter deter- f of ol Bond street London to hold silver as r. r a t mere commodity tl al a always s AVe Ve VC do not know what S England will do 10 when she I finds her revenues re from t her export tra trade e to China cut cut off oft and amI it is as ns F L surely coming coaling as that cause leads to ta effect It has r. r come to us already We Te Te cannot p pay the generous wages of this country to miners millers or to factory hands handsor b or even cven to farmers formers and aull woodmen and sell thi the products prod prod- r of ot their labor bor to China In the the- meantime China is IS getting ready to sell the thu products of h her r labor t to the thc United States and she hc has er e every encouragement en ell- to hurry because she has GO liO per er cent centt t r- r h a advantage over what she had t twenty five years cars ago i in hi selling her products to tim Us us and atul those products ti cost no more tJ than thc they did lid then She is swiftly S building her hel m mills nills and factories her labor mal anti her herr r raw material at home cost lost no more titan than they the did t five twenty ent fi e years ago ngo for it is paid in the thc same weight of or her money and when hien she wants to situ ship t it jt awn away avay she finds that the United States government govern govern- ment has built up a barrier barlier in her favor aol that keeps 4 l our exports from front going Oin to China but hut which enables en lI J ables China to send her goods gools to us which when hiti c measured in in 11 gold goll are 60 60 per pel cent cheaper chieRICI than titan they were when our ll country rr in n alarm enacted the I Chinese a act at t to keep out ont Chinese laborers l The They weri a n great menace although after they th-jy r tt reached here they ther began to hi tat eat A American ii food liOi and andr r wear American clothing Now ow they live hive on ott their own native food at home wear the thc same old immemorial immemorial im im- memorial garments and produce iron and amI coal and steel billets and steel rails at tt one fourteenth the co cost 1 of those thin things s in this thi country which enables her to pay the freight even e steamer charges antis anti and s stud her goO goods tto to m l and allt I t to sell them at il prices I which no American restriction laws can prevent her herS I S I selling here at a profit There has been some er very wise stat statesmanship in iu our in the last and c congress n twenty years we are aIe gutting getting the full benefit of it in ill our dealin dealings s with wilh 1 the fast fust expanding orient |
