The Caucasian. (Clinton, N.C.) 188?-1913, 1896-02-13
SPEECH or HON. MARION BUTLER.


and is a mouthpiece OF his gold-stant
ard policy.
Poor, despised, silver-crank countr!
Mexico, And yet a gold man testine
that that country IL progressing an
prospering wondrously, and he can no
say the same thing about his own coun
try.
what does this testimony meanF j
means one thing certain, that our man
ufacturers NJ home will lose the trad
of Mexico, thus closing q number o
our enterprises and throwing labor GU
Of employment. IL means that thes
enterprises will leave this country AM
60 10 Mexico to build up that countr.
and make il rich. With this same thinl
going on not only in Mexico but II
china. in Japan, in Russia, and othe
silypr-using countries, does II no
mean That the balance Of trade viii
soon be turned more largely agains
us than ever, and that there will be al
increased demand for gold, not only 4
pay the increasing interest Of our in
cressing public debt but also TO settle
the large balanc. Of trade annually
against this country
/ wish To call the attention Of thu
W
cially To this fact. IL IL time that they
were taking notice Of these facts ane
studying this question from broader
and higher point OF view. III Greal
Britain continues to dominate OuI
financial policy, she will also surely
control our industrial policy. II she
will sacrifice her own manufacturers
will she not also ruin Oursr Besides
IL this British gold policy is not stop
ped and this difference Of exchange
corrected, will not our farmers soon BE-
in n worse condition than they are
now? will not the same silver-using
countries soon produce all OF their
wheat and raw cotton instead Of buy
ing IL from US, and mt the same time
supply Europe with those commodities
and destroy our market and deprive US
Of the power Of buying gold there with
our products, for il we do not buy gold
with products we must buy 1t with
bonds, which we are now doing to
make up a deficit which is growing
larger each year, This will be amply
shown by extracts from other consular
reports which | will insert In my re-
marks. From the consular report of
November, 1895, being the report OF
Consul-General Jernigan, at Shanghai,
on "C0ttOn mills and the cotton indus
try in China" commencing on page
35l, I submit the following extract:
This extract contains very interest
ing and valuable information, but it is
long, therefore We are forced to omit it
for want Of space.-ED. CAUCASIAN.
also submit extracts from Consul
General Jernigan's report, contained
in the same book, on "Trade with
China" commencing at page 800:
This extract we omit for the same
reason.--ED. CAUCASIAN.
These extracts show cOnclusively
that the time is near at hand when the
countries will not only
all of their own goods
and raise their own cotton and other
raw materials, but will soon be flood
ing this country with their exports, to
the ruin Of our own industries.
Is it possible, under such conditions,
for the balance Of trade to be turned in
our favor by any kind Of a tariff? In
fact, is there any remedy--if there is,
want to hear it--but to equalize ex-
change by opening our minis to the
free and unlimited coinage Of silver on
equal terms with gold?
also have here advance sheets from
The last report of Consul General Jer-
nigan on labor and wages in China
and Japan, which will appear in the
next publication of the Consular Re-
ports.
LABOR AND WAGES IN CHINA.
Among Western nations, the impression
prevailed ut one time that Asiatic races were
more initiative than original and that in
the industrial departments where originali-
ty was the chief element of success the Oc-
cident need not fear the Orient as rivals.
The test has been made, and the result has
greatly modified, if not entirely removed,
the impression. Within the last quarter of
A century Japan has thrown off most CD
pressive form of feudalism and ad-
sanced TO the forefront as u nation of pro-
Sressiye ideas. Twenty-Five years ago sys-
lem OF government obtained in japan
which discouraged all liberal enterprise.
centuries of political slavery, intrenched in
formidable prejudices, seemed to have
rushed out the very soul of the Japanese
people, and the Empire was dominated by
he tyranny of great feudal chiefs, the re-
mains OF whose castles now scattered over
Japan, attest to the traveller the strength
md wealth of the former owners and tine
and poverty of their retainers:
The gates of the Empire of japan. 80
ong closed to the Westerner, were opened
2, Z, his coming, and the Japanese soon learn
81 10 appreciate and utilize the productions
)f Western thought and skill. To-day. the
navy.yards, arsenals, factories, banks, and
arge commercial houses of Japan prove
nat there is in japanese character a reserve
lorce which is destined, if iudiciously repr.
ated and directed, to assure still greater
in industrial fields. The
lttestations are 700 numerous to leave doubt
hat the Japanese are not only original in
conception but possess the power of con.
'entration and execution.
During the last fiscal year the value of
he trade relations between japan and the
nited States was estimated i'm round MN
'ers at $2S,OOO,OOO, but the figures show a
balance against the United States of $I9. 600
w, yet Japan is nearer to the United States
nan any other Western nation, and durin1
he same period the value of the aggrepate
rade relations between China and he iIn;.
ed States was estimated at &2i. 600 OOO with
balance against the United States OF SIG
10000. vi sio'-
rms shows that these silver-usine
Countries are rapidly advancing in
civilization, and that they have already
nrned the balance of trade a1a;nst
MS great, glorious, prosperous, high
but gOld-cursed America
Fhus we see that our consuls and
tell us that our trade ia snf-
erlng with these countries and will
uffer worse in the near future. They
ee the present danger and we see tho
nreat and menace Of the future. But
here is one strange thing about their
eports-neither Minister Ransom nor
ny OF our consuls, with enc exception
Gems to understand what is the cansa
u this great danger and failure men.
ce TO our trade. Either they have not
tudied the question deep enough or
hey DO not feel at liberty to tell the
What remedy is Of@ed:by our Re-
friends for this condition that
onfronts us9 They offer the gold
tandard and high protection. When
hey offer the gold standard as a rem.
dy they offer US a cure which il ths
cry poison that has caused the dis.
ase. When they offer US higher nro-
ec!'on as remedy they offer that
which can not protect the manufac.