The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-26

In common with Mexico and the
other silver standard countries of the
world which are fit to be called ma
tons, Japan is an object lesson to
those people who decry the freer use
of silver in the United States. The
extremely prosperous condition OF the
country of the Japs and its continued
strides in all of the industries should
serve as a rebuke to the goldbugs who
hold the prosperity of the people of
this country in the hollow Of their
hands, as it were, for the present at
least. Every succeeding year works
wonders for the Asiatic countries
which are on a silver basis; but es-
pecially this is the case Nth japan,
whose progress is little short Of mfracu-
lous. An extremely enthusiastic ad-
vocate of the silver cause is Alfred
the firm of NJ. J. Brandenstein & Co.,
of San Francisco, Yokohama, Kobe
and Shanghai, importers of tea and
other oriental products This gentle
man has had a splendid opportunity
Of studying the financial questions
that are just now setting the world
by the ears, having for years been
the representative of his house in ia
pan and China. He has just returned
from Yokohama and stopped off in Salt
Lake yesterday on his way to New
York, where he goes on special bust
ness. During his stay here Mr.. Adels-
dorfer will make the Knutsford his
headquarters, and yesterday afternoon
he devoted to seeing the sights of the
rity, In company with w w. Calder
his firms Utah representative.
In conversation with Herald rep
resentatfve Mr.. Adelsdorfer stated
that few people could realize the rapid
progress being made by Japan as a
its financial system, which is as per-
feet as any in the world and provides
for the single silver standard Both
exports and imports are increasing
monthly, but the exports are always
heavier than the imports and the ball
ance on the right side Of the ledger.
The people are contented and pros
porous and live extremely well. Up to
July of this year the total imports
We're $69, 1923, $50 as compared with $685.,
631, 676 for the same period in 1894,
While the exports for the same period
in 1895 aggregated $780, 1893, as COM
pared with SIS, Assoc for the same
period in the previous year. Such a
showing gives the people of the
world an idea Of what the Japanese
are doing with the single silver stand
ard. Continuing. Mr.. Adelsdorfer said:
After silver was demonetized and
went down in value from about par to
about so cents on the dollar in the Uni
ted States, Japan, which continued on
the silver basis, was not ruined Gas is
predicted by many would happen to
the United States If they, without the
other nations, would act for them
selves, but that, on the contrary, this
depreciation of silver Tor premium
on gold is really what is making the
Japanese country-what will make
China when she wakes up-the danger
Gus competitor that she threatens to
be to the rest of the world.
All articles produced or manufac-
tured in Japan are paid for in silver
yen and all labor is paid in the white
metal.
''on all imported articles which
must be paid for in gold, nearly two
dollars silver must be paid for in ia
pan; imported goods, therefore, have
advaneed-home prices being equal
saw 100 per cent. All articles exported.
which are sold to other nations for
gold, the. Japanese obtain nearly 100
per cent more than when silver was
at par. This is equivalent to putting
on duty Of nearly 100 per cent on
imported goods and a premium of
nearly 100 per cent on exports. A pref
ty good protection! Natural result
with pushing, ambitious natfon-de-
crease of imports, increase of exports:
new factories, new enterprises and
prosperity Articles produced and
grown in Japan and consumed by the
Japanese, for which there is M OK
port demand, have not advanced ma
terially. The masses are obtaining
their necessities of life about as low
now as they ever did one dollar silver
buying as much as it did when it was
worth double compared with gold
"The advantage which the japanese
nation has appears to me to be that as
silver is at a discount of nearly 100
per cent, and Japan beTg purely sill
yer country, it can take advantage of
this discount also in the matter of
labor 1t is true that labor is cheap /
as compared with what is paid in the
United States. but living is in propor- /
ton. The population is very pros
porous although the country is on
silver basis.
Il predict that oriental competition
will before long open the eyes of the
world and will be a factor to make
European fnanciers change their mind
as to whether or not silver is money. /
''The japanese have made wonder
full progress within the last few years
and there is no question but that the
whole civilized world will feel their |
competition (as well as that of the
Chinese, who are also commencing to !
import machinery for many enter |
prises) before many years"