Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-10

incullio, IRE wonderful Ihuir -Wu'
lard o. living would be regarded a.
/ practical starvation by the wUtKiug.
muu Of The United states, and their
] hours ui labor average twelve DAY.
! such worsmon ns b'ncksmthsi Cttucn.
/ iuIs, mHFUuF, cgmp0sitlfs, tsilOfs
| uud ulatUFuH tu.yive iu J1ulnu Hu
uities only %, m 80 o 80 cents, aud iat-
| tory operative 10 20 GEMS pet uuyTu
our money, and nearly double tuHse
Gums iu JHpautso silver money, while
ftrm hauus rccsivc sl.il per month.
Europeans uuu American, Gays ME-
Dinghy, recognizes the profitable huiI
Afforded Tor investment and iaCtUgiCs,
gui bee add:
"Sixty.ono cotton mile, controlled
ostUuslbly by Japanese oJn pauius, bu.
promoted ny Europeans, Rud tUyuilt
Hm u elk taU,Uriss arc in operation,
with something over half a million
spiuulUs, Japan Ia making most OF the
cotton gODts inquired 30 supply the
narrow wants q her own people, anu
Is beginning 10 export cheap Ia iau.
tcs and lGudEerch ole.
Recently watch factory, with
Am,iic.u machinery was established
uy Auuucgug, although tnu stock De-
Iuil iu the names Ui JHpauUHH, go
foreigners will not be permitted 10 carry
on mauuftCiuil & VA their own uHm,s
until la9J, sud tue yrugtcss made On.
icstus ,uut tue enterprises wall Prove
success.
"Whila your CON mit'oo have not
found that any articles Of Importance
made by tho factory methods n Japan,
outside u cueap silks, handK,tcplu'g,
mating, rugs, etc, have ne yet tuvtl.
ed the markets OF the United Sihttp, %
10 pfOuabiu the rapid Introduction 0l
machinery iuiO Japan will within d
few years make japanese factory Ur
ducts, anu probably lnv colt5us, iIi.s
ana other articles IN which the lalO
cost here " an important element VA
production, "a more serious competitor
IA our markets than tue products OF
Great Britain, Fmuco auu Germany
nave been, simply for tbs reason tuht
JapnuUsu wages arr lower thHn Euro
pehn wages, anu Japah laUJT Ia likely
soon TO become an elective with ma.
cuiuoty nc European inuOr."
According 10 Mt. Diuglvy, the com.
petition Will ditlur not In KinJ, out Ia
degree, from European competition.
AZ 10 whether the fact tust one dol.
lar Of this Country or tho silver pur.
chased by this dollar will exchange !
Tor nearly Two Japas oie yen (dol.ar.l |
give tue manufacturer OF cotton, iOf |
example, Ia Japan, au advantage !
additional % that caused by tie |
conditions tlfeA1y discussed M tue
markets Oi THIS country, ar. Ding.uy |
say:
"Cl0arly, the manufacturer ia
Japan 10 in this respect alta dlsadVan.
thEu, Tor biz cotton CONES largely from
the Un.ol States, aud ue mutt ay not /
Only tho freight, tut additional chiigrs /
hud Hicks VI tho fluctuations VI *.
cnango, resulting from tho fact that /
JaInu does not have tue monetary 4
utauunri OF tue commercial world. |
Hc 0b'aiHs no advantage by tno /
Hllo Of his gOOGB Ia the terms /
" more valuable currency, hut on the /
the contrary lyses something by this 1
"lhe only way Ia which no can Oh. |
tain any advantage must be through |
tue failure Of the wages OF labor IN |
Japan 10 rise as much ~ the yen has |
lepf,clstud In It's relative value TO gold |
sincu 1873, while waguB 10 the United |
Sinita sluce 1873 nave doubled, ~ |
estimated IA silver, and have even |
rlsen - per cent ~ eel. mated ~ poIi, |
Aanu actuTing wages la tho United /
states arc 70 per cent higher la puF. 1
chasing power than quarter u a /
century ago. In consequence Of which |
the labor cost OF Production In Japau
l. largely diminished, while tue lab \
cust VI production In the United Slat,s
has been increased except a. cluatsF.
acted by larger use OF labof.sayiuR
levicts.
The report continues: "silverp,apt.
ard uOunifits like Japan Aud Mexico
la which, on II IL claimrj, the ptiotsui
domestic products estimated Ia silver
remain tue same ~ In 1873, are nut 10
4 disEdvaniage In their trade with
Urrigu countries on AgOli staudarI,ln
hat tho latter countries are nbls 10
leo bllVer which C0sis near y 90 prt
'Unt lees than II did ia 1919. ia pa,.
nent for tie products OF tIiyrr slaud.
nd cIunlgies, practically paying only
isli as much la their money Tor mo.
iucls oil oliver standard cluntFIea IA
hey paid In 1879, white the oliver
Iuudstd countries pay, or at least paid
% 1872, 50 pel ceuI more Ia silver anu
per cont leis In gold Tot the products
4 gold STANDARD counties than they
ia IN 1875"
The advantages In foreign trade Of
"a Identical monetary standatd are
hoWni anu Ia considering the pr0ba.
'ili1lts OF enllstng the manufacturing |
uuhlritt OF Europe Ia an international
.gteemcnt Tor hSoi coinage TatiI
u'wevn COLO AMI oliver, /, is said the
Hdlns European oountfieg, especially |
treat Britain. must be tho first u feel
he competition OF Japan anu other