Show IS THE THI KEY TO ti THE N report Is attracting tr acting very much attention MAY ENCOURAGE A LARGER USE OF WHITE METAL the wall street journal nays says that sir morton frowen has progressed so far with hia his report being prepared for the congressional monetary corn com mission as to show the proof sheets to a number of new york friends among whom honi it has created a profound impression at a dinner the fe few were ere about sir morton there being men widely traveled and men who represented all ph phases ases of power in life and the journal gives over a column in doicus discussing sing the tile occasion without shins aa away anything about it a task often confronting the newspaper man mail without violating any confidences the journal believes the report will treat of the great industrial changes taking place in china india and anti the fa far r I 1 kast ast gf whilo while it Is expected to treat with favor the more extended though careful uso be of 11 ver the following are a lew selected paragraphs of the article rn rp berred to among the guests was as one who has just return d from a somewhat pro longed tour our of india china japan anti the far east cast ills visit was nv not one of pleasure tor for he went purely for or business purposes bes jil although though the business was nas nothing to do with corporations po rations or finance he lie waa was by the nature of his mission brought into close relations with some of the rul rut era ers of ane countries of the far east ono of these gentlemen pent lemen in speaking informally and yet at some length upon the commercial relations which la Is now establishing with other nations eps of the opinion that the magnitude and the stupendous bIlI tIes of this commerce were not yet appreciated china lb now actually exporting to our pacific coast pig tron iron and rast iron laying these pro ducts dova dov n at sail san francisco or seattle for or a price which makes it impossible for Ameil american can manufacturers to compete with them and that la Is an ail incident which has escaped the notice of the american people so also it was aa recently reported that from the east indies have alth vath in a few months been brought to the doors atif jf the cotton manufacturers of the south considerable imports blons of east indian cotton this was marketed to these manufacturers at a considerable less price than the quo tation for or american raw cotton guests were told that this new corn commercial mercial relation and the mo fentous meaning that is I 1 in it are in great measure due to the change in the value of silver as compared with gold which has oc ired cured within the past two or three years ears this changed price of silver Is now making it pos sible for or china for the strait settle ments merits and for india to begin manu fac fracturing turing not only of products for their domestic markets but for ex port for instance the international fin ancher said that no longer are the white hite goods manufacturers of the united states sending their products to the chief cities of china wo we appear to have lost that market our cotton goods manufacturers must turn their eyes to south america mexico and the west indies if they are to make good the loss of the chinese markets when i iad what the reason for this change Is the man of flit finance ance china Is no manufacturing said that anite gods and Is la increasing creasIng the the of manufactories rapidly number resent present price of silver and the mike rela it tion of to and market manufacture possible to have hall i put an ail end at such prices us as to Ame american corn compert on in great measure of a fenn ew the course More moreover oer in years ears if this manufacture continues likely 40 to do 10 to increase as it seems china in all probability will be ex porting white roods goods possible even een to the united states nhat aliat liat the ati author thorl ty said of the beginnings of a change in the commercial relations of china and of the apparent ignorance of the people of the united states of the peril of so great competition was aas to some extent by b made by one of the guests who has recently returned from front an extended trip through the far east he ile spoke with the eloquence of elal of the manifest ei evidence dence of a great awakening not merely political but industrial throughout china the chinese arp are rubbing their ebes 05 es slow ly aak awakening enIng from their rip van N winkle inkle sleep they the are beg beginning ining to appreciate the magnitude of their na tural resources and the of a commerce with nith the world which mav ma by and b bv match that of any of tho the greater exporting nations nation 3 this guest also spoke of the mur of the under currents beneath the surface life of india the unrest there reflects the une movement of those who aho are beginning to 0 o all awik ilk en it Is fir rei reaching ching not only su in arci arel but apparently Is stirring up the tile people of the east in dies bo u that they are to be cli cliant changed and from an almost hypnotic phlegmatic existence becoming a people of in tense energy and the greit problem of england id 14 so to administer as to con conserve serNe whatever whit etever ever Is in the unrest of india and to oer overcome corne what whatever eier may appear to hive irtie danger in it we shall probably fand 1 ourselves in the he course of a few sears in compete tion with india tor for some mar markets lets and possibly in competition for the world markets of ra raw cotton there and there alone lies ties ti to e chief peril if it ever ener be a peril to whit we e have always re girded as our exclusive and impregnable position as a prodoc yr tir and marketer of ra raw cotton the profound as well mell as brilliant intellect under whose hose guidance one of the worlds great industrial corporations has so amazingly flourished 1 contributed from his experience and philosophy to the unusual and very er great fund of information imparted at this gathering at freiens Fre prow ens table he ile has strong hope thit that we are on the high roid road to a and permanent adjustment of the rel irions be between teen those who employ ind those who ho are employed WWI in ro way nay deprecating the union of labor vet et it seemed to him thit that the ultimate and wholly satisfactory de atlon of the libor labor quest question on would be ile secir cd by the perfecting perfect I 1 ng of cooperation in esprit de cor pi which will ill give gle meu men who ho work mork with their hands and receive 1 and with their bains and receive sil wil arles a sense no tit merely of employment but 0 of f proprietorship in the judgment of these men we e are apparently on the eve ee of fai fat reich ing and radical changes in the corn com mercial relations be between teen nations we are approaching a time when ard productions and IN will ill be eliminated from the methods of those who aho are commercially success cess nil ful and ve ire are app on the eve of a it new understanding and re lation a highly economic relation of silver to the world of commerce al at though it Is not a relation which 1 is in n an adv way expressed by the arbi tearl stin dard which fourteen years ago was called free silver ind six teen toone to one |