New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-15
TRADE WITH CHINA.
MINISTER DENNY DISCUSSES INDUSTRIAL
CONDITIONS IN THE EMPIRE
11T,r1D DISTURBANCE CAUSED BY THE WAR
WITH JAPAN AMERICAN CAPITALISTS
ANXIOUS TO PROMOTE RAILROAD
Rr.1LDING - RESTRICTIONS ON
MANUFACTURES OWNED
ny FOREIGNERS.
INV rrrrcpApH TO THE rRIDUNE.I

fry TELEGRAPH TO THE rRIDuNEI
Washington June l4-M.nister Denny n"' s'na
the State Dcpartue an interest'"s 'ei' -, ~.
and Industrial conditions in emma acco"p
comics of the returns Of trade ana inc "n
nov, for the year 1895 lie says that the failure u
r,o ,,r and domestic disturbances 10 anect
~ .r,do ~ tho Empire adversely Is noteworthy.
nesnite the cesson OF Formosa and the cioS'ns 81
tho Neu-Chwang custom house durlls
mon,he the trade OF China with po'h "e'' On
Asla,lc countries increased The trade VII" .''e
1.ritsd States while less than in 1894 was greater
49,. -, any ~ the eight preceding years
Two o> ,orts 70 the United States in 1898 amounted
>, a., rs III. the imports from the United States
vera sO2S 7O7 OF which more than sz'S''"" icp'
scented kerosene oil. 1t is noticeable tha' Il. i''o Wv
,noorts of Russian oil exceeded that OF amer
nj, IN quantity and value for the hrst ti'e IA w
,ts,or, ., tho trade This Is accounted for by 'hs
large stocks Of American Oh importer At ~
held over Mr.. DENLY says
,art from the matters explicitly touched upo" tsa OK
the customs returns under rey!e%y m, lne war with
has been noticeable The close 81 ore .n~ as the
Spts from which china 10 depart ron md ND
traditional policy as 70 hat this Govern
, ppn',iI enter upon railroad CONSTRUCTION mn
Ing and naval and military systems ms, Enthusiasts
hnvc not been realized. and emma mas S momt ~
CAUTIOUS c9nseryad tr"m Ten Tsn to the ycn
nv % Pek.ng has been authorize. anu - ,na line
rapidly const ~ orbwarj into Manchura have
rom ,,nrminnl ~. and will doubtless soon De
20 me general problem Of railroad cGnstTu e.
,,on The Chinese Government stanls A. i'm
the pocy OF tas ath6rzei the formation OF naive
companies .or the construction OF nv ,oiicv viii
T. fn %' lines OF any great extent and It may 1e
predicted that China WI reso''
the a1 or eve95mcnt OF China has attracted
the attention OF American vsn r'' agents OF
1 nj
81 n u',S arms are now in this country awaiting
he adoption Of some deinl'c p,bh Of amer
@ c,,nif,iists represented here by agents, ar
prepared bud and S9gip c fTGm m 9eT de"iTe
.,. clos. - the war with Japan little de-
49,, nos shown 10 take steps 10 reorganize the
chinese Army and Navy. and 1t was dec'u'n' o"
a.. contrary not - pledge the public credit 20 Oh
tain ships and guns which were not ih'nieu'A'e''
Wooded This decision was n disappointment "
many agents Of foreign manuiac'ulers, ""'o"9
,horo vere several American firms. Mr.. Denny re-
,ar,,s that the past success Of Europeans IN tha'
u,a ., trade has been due ~ long ana dllieeh'
a~or, and great patience and that the nlsh STAN
lard OF excellence attained by American "iahu-
,,,.urers IN the building Of ships and the manu-
sacture OF arnor and Guns VIII douoleSs e""o'7
tho latter by the adoption Of similar poloy' 10
- {, ,i,ne \ fair share Of this business
1-ho nrovisions in the treaty o. peace between
ch,ra and Taran authorizing the subjects OF japan
~ engage in manufacturing In the open ports Vi
China privilege which Injured 10 the c',|c"s -
ali treaty powers. seemed 20 open d VIII" "'
,~,a.able field OF investment 20 foreign capital
a., rho commercial treaty between the above
pou.rs came I'D for discussion. however. the value
y, ,ha said privilege was considerably restricted
hv the unexpected assertion hy china ~ a rsh'
~ eyv diecrminai ing taxes on goods manufactured
by rapanose az the ports. and also on sucn Hoo"ls
chen shipped inland. The unrestricted right OF
f,r.i = 10 manufacture in china is 50 iraugh'
with fnomentous consequences 10 ioreish manu-
featuring interests that In Minister Denoys oph-
.n the failure % Japan 20 secure immunity from
,,xo.,,r ,or the product Of her mills In China would
excite, little sympathy In other manufacturing 'ou'''
tries The Minister says;
/, would seem. therefore, that dangers sun cp I
fr,nt foreign manufacturing establishments IN this
country winch foreign government Wou' IN.
to H. interest remove. and hat AmerSans h
| 70 embark manufacturing enterprises mere m'Sn'
| De advised 10 take not,e or
The report closes with the following observations
on the subject Of foreign exchange and free silver
Intimately connected wiki the subject OF manu-
| fo,turing is the question OF exchange ne = ~
| toms statistical Secretary says. III me "'S' par"
srlph Of his report. ,.,. an,
| with the continuance OF the advantage whicn, M
East enjoys by tn" iall n the soIu pICiy r 81 nos
np1rtant manufao CURING country, which VIII Ia
| 10 "A keen AMI formidable competition IN tr,N,"S
| viii be- many years before native manufactured
articles viii drive foreign goods ont o. the market
The silver question cuts ooth "ays IN F,r"ne ana
IN China buys for SILVER am Soils III r-"'opr az az
America for gold: thus he largely gains. ON me
hani he buys in foreign fonntres r GF r sGT
AMI sells IN China for silver fFlcts loI iD'''S'
| goods are necessarily raised but the volume o
y"ill he welcomed by many foreign merchants re
| siding In China. though the sentiment j. Dy Il,
one favors free silver for his own country alone