The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-12
TRADE WITH THE ORIENT.
Immense Possibilities Through the
Nicaragua Canal.

the 600, 100000 -Asiatlcs Ready to
consume 10000, 900 Bales of Cotton
From the south-China, Japan and
Corea Once Ready to Take $780,
100000 to $780, 1000 United
states 8 Per Cent. Bonds to Help
This Government construct the
Canal.
Baltimore, Md, July 1.-THE Man
ufacturers' Record of this week publishes
letter from ex-Gov. Hubbard of Texas
10 Senator John L. Morgan, in regard to
the Nicaragua canal, based on a study of
this question made by Gov. Hubbard
while he was United States minister to
Japan from 1885 to 1890. Gov. Hubbard
states that during that time he made
a careful investigation in China,
Corea, India and Japan of the effect that
the building OF his canal would have upon
our trade with Asia. His study of the
question convinced him that the early
opening of ship canal across the isthmus
is an imperative necessity to our country
in order to grasp and control, as we then
would, the greater part of the vast trade
with GOO, 100000 people.
WOULD BUY OUR BONDS.
Gov. Hubbard says that at the time Of
his ministry at Toxic he had frequent
conferences with the premier of the
japanese government, with the Chinese
minister to Japan and with the leading
and the wealthiest represen tatives of the
great tea and silk merchants of the east.
at which conferences he was assured that
so great was their desire to see the
Nicaragua canal built that if the United
States government would issue 3 per
/ cent. bonds, China, Japan and Corea
would take these bonds at par IN any
amount from SlOO,OOO.OOO to $500, OO0, GOO if
necessary and pay for them in gold
EUROPE THEIR COMMERCIAL ENEMIES.
They said that England and the CONT
mental powers were their commercial enc
mics and were opposed to the abolition of
restrictions upon trade as fastened on
them by the treaties of Commodore Per
ry's time, whereby the custom houses of
China, Japan and Corea can i'm
pose no higher rate than 3
per cent ad valorem, while
Christian nations impose whatever duties
they saw proper, often amounting TO pro-
hibtiou that while England free trade
country, sends her WHISTLES and wines to
the orient, with only per cent. duty
permitted to be collected, she reserves
the right to impose on the native wines
of Japan an excise duty of 1913 per cent.
ANXIOUS TO TRADE WITH US.
Gov Hubbard then refers in detail
10 the desire of these eastern countries
TO make new commercial treaties with
the United States, and of their
deep interest in the early construc-
ton of the Nicaragua canal in
velopment of their trade with America.
He says they are very anxious for direct
trade with the United States, and,
especially with the south and west, in
order to exchange their teas and silks
and wares for our wheat, cotton, petro-
leum, etc. He states that his investiga-
tons proved that in the first year after
the completion of ship canal across the
isthmus China, Japan and other eastern
countries would take 5000, 900 bales of our
best cotton and pay higher prices than
we now receive from English buyers.
With this canal completed the south
could, he says, increase its cotton produc-
ton to 20, 00O, 600 bales and find a market
for il, because 600, 000, 900 people of the
orient are anxious for cheaper cotton fab
RIGS than they are now able to secure; but
in addition to the enormous increase
in the consumption of cotton there would
be an equally as great increase in all
other lines of our trade with Asia, includ-
ing flour and general manufactures. If the
United States government does not act
in securing the construction of the canal,
Gov. Hubbard says that England, France
and Germany stand ready to furnish the
money, and then we would Immediately
be brought to face the Monroe doctrina