The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-07-31


terror towns | have been impressed
more and more with the future befor,
her, if she shall ever be well governed
and not divided up among foreign ma
TONS
Manchugia affords one Of the best OBJ
Jeet lessons of American opportunity
The growth of the demand there fol-
certain classes of American cottor
goods has been phenomenal. 1t was moi
many years ago that the market was
very limited There are even on record
reports of consuls and of special agents
of cotton firms which said that there
was no field for the expansion of Amer
lean trade. To-day the marvel of bust
ness interests in northern China is the
development of the market for Ameri-
can cotton goods in Manchuria. When
l first visited NeW-ChWang, the gate
way to Manchura, American imports
were not over fifteen per cent. of the
total; on my last visit they We're more
than fifty per cent, with the proportion
increasing every day! Notwithstand-
ing this marked growth only a small
proportion of Manchurias millions has
been reached. If the great northern
piNN iiNS' VI N'lllliet IloN iNdoiiN eNNCI
million dollars worth of our cottons,
there is no valid reason why they
should not in ten years from now con-
sumo twenty million dollars worth. A
few years ago three million dollars rep
resented the value of the trade. When
| we consider that the cotton mills of
! New England and the south are supply
ing this demand in Manchuria and
I that they have even been kept running
when other mills have been closed, there
! Is every reason why those two sections
should join together in insisting that
| the open door shall always apply to
Nanchuria.
American exports to the far east to-
| day approximate forty million dollars,
if the actual value of everything which
| leaves our shores is counted, but, baslng
our estimates on reasonable grounds,
| there is no reason why they should not
expand in the near future to one hum
bred and fifty million dollars and our
total exchange reach three hundred mil
lion dollars. Few people appreciate the
enormous business that is now done up
and down the Pacific Asiatic coast. 1t
amounts to one billion dollars. gold, per
HHHulIl, anu Iepleoel'to hNc huifuiSu
million people, or this tine imports are
over half. Certainly 1t Is logical TO hold
that the United states should be aple 10
supply at least third of the products
now imported from foreign lands. Chi
mas trade amounts to two huhdreu ana
fifty million dollars with population
of three hundred and fifty million peo-
pie. If her wants ever eNpaha III any
such degree as those OF Japan ana oth-
er countries which nave awakened
from their Asiatic lethargy, hef Iorelsh
trade should reach, on a conservative
estimate, nNe hundred mlillon uoilars.
Were the same ratio OF population TO
trade, or one to two which exists IN all
other countries or Asia progressive ana
retrogressive applied to CHINA, her fu-
ture foreign exchange could be estima-
ted at seven hundred million dollars l
Go not mean that 1t can or VIII attain
these figures within this generation, but
II IS logical possibility, provided al
ways that the government Is reformed
and the door OF trade is not closed.
Our material interests in Japan are
great, and they are growing. The re-
sources, possibilities and opportunities
OF lndo-China, the Straits Settlements,
Java ana Borheo on the south, OF For
mosa in the central section, and of Ko-
rea and Siberia on the north. aside from
Japan, Siam and the Philippines, are
sufficient each in itself to be the subject
of an article.
In answer to the question, What is 1t
necessary for us to do to advance our
interests in the Pacific and far east?"
aside from the great main points of |
holding the Philippines and standing !
firmly for the open door in China, I |
would say that the most important step |
to be taken, in order to clinch our hold |
as the first power of the Pacific, Is the |
early construction of the Nicaragua ca |
nal. Every years delay in carrying out I
this great enterprise will cost us ten
times as many millions of dollars In /
trade as would its Immediate digging
Placing the cost of this waterway # its
ultimate limit of one hundred and fftv
million dollars, 1t can be safely stated
that once open it would add that
amount to our foreign trade in the Pa
cific seas within ten years after the fret
ship passed through it. 1t will change
the great trade routes of the world and
will do more than anything else vet m
accomplished to make the United
States supreme in both the Atlantic ana
Pacific Already the foreign ,narcha,ts
IF the A static ooae+ ara ,,,al,;rr +La,,