Show SENATOR CANNON HOME talks of at that la in the th orient ogden utah nov 8 united states senator cannon is home from Us lils trip of investigation inac to the orient where he left his companions senator petti grew and fred T dubols dubois who will soon eoon return mr cannon did not core to comment too freely upon the conclusions clu lie he hall had arrived at as with the other two tivo gentlemen lie will compile a craport to be printed and circulated as a senate document ile he said we ve had good opportunities for making the lations which were the object of our journey to tho the orie orient tit numerous conferences were had with the leading men of japan tile the men through whose influence that empire adopted what it calls the gold standard in addition to this we examined the industries of the country those to which have been applied the modern methods and the innumerable home industries which are carried on now is as in centuries gone there is very little to fear at present from the competition of japan in manufacture she has destroyed much of her advantage by adopting a policy which was ivas dictated from england what with her vast standing army and with an increase of taxation uch sueh as is instituted by the present administration in japan there are arc not the same inducements for the investment of capital in large factory systems besides the difference of exchange is is now in favor of china to the extent of 13 nearly early 12 per cent and as the latter empire is likely lik ely to remain on the silver basis the stimulus to oriental manufacturing is largely in china the effect of chinese competition is a more serious question a menace so vast that no protective protect he ie tariff will guard us its against it the labor of chi riese nese factories is skill skilled edit it is drawn from the inexhaustible fund of pearly of population it is the roost most patient hardworking hard bard working abstemious labor in the world it averages average less than 10 cents per day clay of out our money it produces as much per capita in factories and in mills as any labor in the world china can produce as much cotton ns as she needs slie she can draw fi aiom om the mongolian sheep hocks flock all the wool necessary for the world orld she has in two provinces so it itis is stated by engineers and others with whom I 1 conversed more iron and coal coati contiguous than is to be found within tin the entire boundaries of the united states she is making rails and all kinds of iron and steel fittings it will not be many years ears if financial conditions throughout ghou t the earth remain as is they are now until china will be in an exporter of all the things which she ila hag formerly bought from civilized lauds lands |