The Irish standard., 1895-07-13
OjD|'|'R.COMN[BRCIAL, FUTURE.
Danger to the United States il
the Industrial . Development Il.
~ & Of the Far East.
What Great Britain Has Done for
4 the silver Interests Of 4,
the United States.

Every rlan Should Bend Ills Mind
and Soul to the Completion
| Of the Nicaragua Canal.
| Major Pearce, who has reached San.
Francisco, on his way home to ST. Louis
after tour around the world, spoke Tor
an hour on the Natural and Industrial
Resources Of the Orient" before the
San Francisco Chamber of Commerce re-
Gently. says the San Francisco Examiner
| The visitor was spoken Of by ChairEnan
Hugh Craig, in his Introductory re-
f,yrarks, as gentleman of vast inforraa-
tion on the Industrial problems OF the
world, and who had made tour OF for
| eign lands for no other reason than 10
study the manufacturing and productive
systems Of those countries and compare
them with our own. .-,,'e,-,,t1, If. y
| Major Pearce is manufacturer Of jute
| and cotton goods at St Louis. In his
Journey around the world he visited the
factories at Dundee, Manchester, Calcut-
! ia, Canton Shanghai and Osaka, Japan.
Major Pearce was escorted to the plat
| form by Louis Sloss and lost no time in
getting to his subject.
eve are now confronted with the
greatest industrial problem ever faced
by any preceding age" he said. We
| have the competition of 100000 of people
taking hold Of the manufacturing and In
dustrial systems which have made lis In
this country great.
"When the cereal reports Of our consuas
were made in 1889, ] was summoned be-
I fore the ways and means committee OF
congress to give my ideas on some points
of the tariff stated at that time that
IL the details of the report Of the consul
at Calcutta were correct, it was not Lie
competition OF Europe, lot the compet1-
! tion of England, Germany, France, Or
Spain we would have to fear in she f,l-
lture, but rather the competition which
would come from East India. My remarks
| in this connection We're severely critl-
cised at the time, and II. was my purpose
of substantiating my position by famll-
iarizing myself with the industrial re-
sources of India, China and Japan that
| I determined to make this tour OF re-
search and investigation.
II first visited the jute districts OF En-
gland and Scotland. / found 60 per cent
of the jute machinery at Dundee Idle.
| This condition was attributed to the fact
| that England could not compete with In
dia in the manufacture of jute. At Man
chester I found 10000 to $4,000. cotton
workers protesting against the duty ON
English cotton goods imported into IN
| dia and petitioning parliament Tor its
removal that they might compete with
India-made goods. Why, for centuries
East India has been making the finest
fabrics in the world. Z.
..While in India travelled over 600
miles. The railroads in point OF con-
strnction are unsurpassed elsewhere ln
the world The vast army OF men eriss el 81
ployed in building railroads each earnI
nGreat Britain by her policy Of closing
the mints OF East India to the free coinage
OF silver, has done more for the silver ln-s
terestg Of the United States than all the
speches that have ever been made Or ar
ticles written on the subject. The Indian
rupee Is cut In two In the markets OF Lon !,
| don and New York, but it buys just as
, much cotton, Just as much food in India
as it8evers did.
| "Iadia has increased the products OF
| its cotton goods four-fold in the last four
years, and In four years more will cease
| importing cotton goods from England en-
tire1y. India and China have always
been large consumers Of English cotton
goods. They have paid England sl75,-
O0O, 600 annually. When this great mar-
ket is taken away from England she will
cease to be the banker of the world, and
will be the first to enter bime allic con--s
ference. /. n la ssSS5 8s II il
Two years ago when the new tariff J,
went into effect, the farmers In Iowa were
raising 1inseed .lS New India linseed HisSi
| laid down III New York and the IDWas
FARMERS a1ave been forced out Of the field.
.In the past work in India has been
done5on an indivfd basis. But the pep-.a
pie are. now learning the factory system
and there manufactures In the conntry
I5employing{ from 4, 900 to 1000 hands, and Z
who individually and collectively each
|, day turn out within is. per cent Of WhafE
can be- done ~ Euro cans ii all brailche
ZOE "a eiustrt such as iron, copper, steel,
silver. ard gold, Scotch and English CAPS
Eneans Fthe A eventual commercial inde-s
EpendeneeS OF the country.
sBookkeeper6,s employed III banks an,
! Calcutta and Bombay recefye 81 80 Of ourssSI
money per montthh Il cco1lnta tants get $50 atpaS
$7S.f ordinary hOOlsk eeDers SO TO 81 2..50sas