The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-19

look after II when these disturbances occur,
which are certain TO occur. You have al
ready seen what the sphere of influence in
minor way is in Picking. The powers land
ed troops There was every sort of irrita ton
because the Russians landed ten more troops
than the British. There was irritation,
l think because one country had not
its troops at the moment there. That is the
practical way of looking at the sphere of in
fluence A sphere Of influence is absolutely
certain to produce war. very soon after 1t is
declared by countries.
May 1 point out very respectfully that
the present American trade is almost en-
tirely in the North. great deal of your
goods go into China under the ownership of
Britains and Germans. But 81 per cent. OF
the goods that go into Manchuria are Amer
lean, and think that is very interesting
detail for those American gentlemen who
are interested In the trade in China At
Shanghai found that in three years end
ing in the year 1897 the increase OF your
piece goods was 1,572,5S2. That is almost
phenomenal increase Your cotton goods
have gone UP in the last four years 10 per
cent. in quantity and per cent. in value.
The British cotton goods have gone down
ID per cent. in quantity and D per cent. IN
value. You have curious idea or making
what people want and we have q curious
idea of making what we think people ought
to have / assure you both with your cotton
goods, and with your engines, and your COM
nercial matters of that sort the result Isl
that you are certainly cutting us out at
present, and l shall do my level best TO try
and cut you out again when we go home.
But that is the healthy competition between
countries.
But there is plenty Of room for both of
US in the country as we'll as for all the other
nations in the world. We have not scratched
the surface of what we may do in emma yet
In my opinion China is certain to be bank
rupt in three or four years unless they have
a new source Of revenue Ihey nave
magnificent source of revenue there II they
would only allow it to be developed. Ii we
help them with their army we get our qua
pro quo and something which gives a chance
to ali the nations of the world to invest their
pafa oil In afraa md
That is q chance which the two other great
powers would have which they have not at
present.
WHAT BENEFITS ONE BENEFITS ALL
Great Britain does not want anything of
America, and l am very well certain Amer
lea wants nothing out of Great Britain.
Why should we? We are absolutely inter-
mingled in trade; in your telegraph offices;
in your railway shops; some in England,
some in America Therefore, what benefits
England 1 believe must benefit America.
The total trade of China, far as L can
make out held by foreign countries is $780,,
100000. OF that Great Britain owns So per
cent America Is per cent; the other coun-
tries divide the remaining 80 per cent
Il most earnestly hope that the settle
ment of this question will make an ever
lasting friendship between the two great
English-speaking nations. We are OF the
same blood, we have the same literature.
We have the same laws. We have the same
language We have the same-may 1 call It
grand, honest sentiments with regard to
trade and commerce, and we have the same
sentiments with regard to what is good to
the community at large. / believe If we
keep the door open that we. are adopting a
policy which is absolutely fair and square
to all the nations of the earth and is abso-
lutely good for China itself. / believe that
we shall do good not only to trade and COM
merce but to humanity and Christianity
and the whole world at large"
Lord Beresford's speech. was received with
frequent outbursts of applause, and as he
resumed his seat the cheering continued sew
eral minutes Hon. George E. Adams, Of
Chicago, then arose to make the formal
reply to the address of Lord Charles. The
talk of Mr.. Adams was filed with neat
things addressed personally to the guest Of
the evening, and although advocating the
open door" in China and filled with ex-
pressions Of friendship toward England, was
against the idea Of a formal alliance between
the United States and any power of the old
world. After Mr.. Adams had spoken sew
eral other addresses were made nearly all
of them in the same general trend.
This morning Lord Charles paid visit to
the Board Of Trade, where he was given
welcome that exceeded in noise anything
that he has heard since arriving in the
United States. Business was suspended on
the floor, and he was escorted by President
Lyon to the visitors gallery between two
lines of cheering and shouting brokers. After
the gallery had been reached President Lyon
A4ooO Il S4AOAC oLdulGSS VI luLIOuuCllOIl, anu
then pandemonium was loose once more
After ten minutes Lord Charles was given
a chance to hear his own voice, and he spoke
as follows:
Mr. Lyon and Members of the Board Of
Trade.-Allow me to thank you for the great
only great compliment to me personally
but to the associated chambers of commerce
of England, which L represent. / am de-
lighted with the interest which has been
shown in the future of China. The future
desired is certain to come, and there is no
city that has a greater interest in this same
future than Chicago, situated, as it is, in
the center Of your country. shall regard the
opening OF China the greatest commercial
event Of the world, and l do certainly be-
lieve that the country will be opened"
Later informal reception was held in
the office of the secretary of the board,
nearly all the brokers on the floor taking
occasion to pay their respects to the dis
tingushed Englishman.