The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-31
OPPORTUNITIES OPENING ~
AMERICAN MANUFACTURERS,
How 70 Obtain a share In n Highly Remu~
neratIye Trade-About the Great
City OF Shanghai.

Thereafter every alternate ie'eci ""
with China and japan respectively,
cept in case of war. when readers oil inc
Times will received the news Iron a.,
eyewitness. and one VINO uus'S ~
own observation only.
American manufacturers have not the
faintest idea of the opportunities onereo
by China as II Is at present Inc va,
with Japan. and especially the treaty u
peace OF shimonoseh have eKerteu "n
enormous influence for the better upon
tho Chinese Empire. Prior TO that treaty
foreigners in the open ports Oh O"in'
could engage only in mercantile pursul'S,
for the Mandarins. that Is the mas
annointed for their knowledge OF the Writ
tnee NJ l<ongfutse (Confucius) VINO kno"
a good thing when they see H. nad IeSc'F-
cd 10 themselves the right OF manuiac
ing so that the importation OF machluo,y
exoept for these magistrates, was pi
bited III Hung Chang and MS REM"
mandarins who had proper amount "a
ENTERPRISE prospered The former as ear
10 as 1854 established a very large cotton
min in Shanghai entrusting us manake
,nent IN 4 w. Danforth. Of Lowell Mass
chang Chih Tung. now Viceroy OF Hupeh'
some four years ago bought another larke
mill in Manchester. England; II was erect
cd al Hankow on the Yangtse, ana Is sue
cessfullv operated. But foreigners anu
plain. every day Chinese. were not In H.
ITO Is SORRY FOR IT
MARQUIS Ito. who recently passeu
through New York on his way oaoN ~
Japan changed all this, and II me Iru.n
be told. is very sorry that ne u'u %
when the peace negotiations were pro-
oress,nQ Ito thought that England woulq
narhaDs object 10 Japan's acquisition OF
,erritory ON the continent OF ASA anu
81 order 10 propftlate that power ne IN
.s.,oa ,,non The insertion OF clause au-
,horizing Japanese subjects 10 mahui'o-
,,ra In the omen ports of China, knowing
suu we'll that by the Favored nation
clause Of the treaties with other nations
mis- would Give the right to manufacture
IN every foreigner in China.
your readers are aware OF the immense
stride I'm manufacturing taken by japan
This Is owing, OF course, 10 her cheap
labor. cheap coal. and transportation but
In China these three important items ~,
,nanufacturers are far more inviting sun
vTo,es are considerably lower than IN
Ian9n- and while that country has adopt
Oh a cold standard, China IS ana VIII
nrobablv remain, on a silver basis. As 10
r,oi only bituminous coal has been found
IN rauan whereas III Hung Changes halp-
ing mines. as we'll as the newly Worheu
fields of Tonkin, produce a fine ant ann
coal This sells I'm Shanghai Tor 800 NieN-
team per ton. And with regard 10 trans
nortation. the competition IN ChlhL
much greater than In Japan ana Irelsle
Is correspondingly lower. Ihete are 10"
six steamship lines TO the Iacii, 1900. go.
i. The Pacific Man u ''''
with four steamers. .,.., %
W." srbs q. q o. S. 5. Co Southern "a
oieA also TO San Francisco, three steam
eTs. 49,. q, uor,tona
ore three steamers. r.,
Tbe \. T. s. 5. Co., 10 Iacoln"'
Wash. FIVE steamers ,-.,.ta Uanap
& The Nippon Iusen halsha H .lp'
Mail S. S. Coz, TO Seattle Mash'' 'niee
The Canadian Pacific $. s. 10 Van
couver r. c.. three steamers.
All ~ these call at japanese ports De
sidas those there are the Perry and Bar
her lines of steamers to New YORK. wa
the suez Canal. 1t IS almost lilpoSsiDle
tn enumerate the steamship coihp'nl0'
running to Europe via lhdla anu tne
Suez Canal. Besides these there - lesu
lar communication with Ausuana anu
the Philippine Islands, both OF "Iii0n ar
within easy reach. This renders more
tban one-half Of the population or the
,,orId easily accessible TO the manufactur-
| or in China. L. ..s
OF all the open ports, that IS ports
where foreigners are permitted 10 reslus'
none offers facilities ike Shanghai o''
mated near the mouth or the rang,
| Uliang means river. 1t Is twelve mites
| from the coast on the Woo-Sung river
rrbera are no roads offering transporta-
| tion although. as will be seen hereafter
railroads are now being built. Inc 90
nestle trade of China IS, therefore, al
most wholly carried on by us water
| WAYS. and the vicinity OF river so I'M
portant as the Yang-tse-Z0OO mites io"s
must be appreciated. ..,. lilo,
IL is also well-known that this Vahey
Of the Yang-tse. densely populated as II
Is. embraces the most progressive part
| NJ China. The consequence Is that Shans-
| hal has hourished since II was open 10
| foreigners in 1872. and is now justly called
| tba Model settlement OF the Far East.
| THE foreign concession. that Is the part
occunied bv foreigners, is well paved and
| drained. the houses giving ample evidence
~ the wealth OF their owners. Extra ter
! ritoriality prevails. The American resi-
| dent OF Hong Kew, as the American con-
cession IS called. is on American SOIL thdt
is he is under the protection OF the stars
| and stripes. lie CdhADN ~
cept under a warrant issued by the
limited states Consul-General, the same
| oficial acts as judge. guided solely by
limited states laws. In other words. IRE
| and nroperty are as safe as In the most
| orderly city OF America.
Under these circumstances 1t Is natural
enough that the foreign population OF
! Shanghai Is increasing very fast' inoeed
and that the city is rapidly assuming the
appearance OF a manufacturing centre.
| MOI a few OF the foreigners have taken
| advantage OF the privilege procured by
Japan's Premier. Among the very nrst
! IN do so was the American Trading COM
many. OF New York. This firm, establish
ed in Japan and China, was no sooner
| assured OF the signing OF the treaty. than
II aoated successfully a stock company
| Tor the operating OF o. cotton mill with a
| canital OF 100000 taels (Ihe value OF a
tael depends upon the market value or
| silver In 1895 II was s. 81 cents, now
ahout 81 cents)., This mill Is now running.
- ravs well A number OF other cotton
Lila were erected paper mills. silk fila
| 80 a,d a host OF other manufacturing
er,or,rises have sprung up and are being
oresnized. The question is now, Why did
80, onr Manufacturers OF machinery
! make bid for this new and growing
| market?
| In other directions there IS also very
| ,,tr onenine. especially In railroad con-
4 col