The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-25

fN NJ and IL then mac on the seven
IL II league boots Of modern indus
WI trial progress. I came again
just before tho war with
china. and found that the country had
again made giant strides. Since then Its
t,sfusss has been growing like a SNOWFALL
rolling down hill, and II 10 now one OF the
great manufacturing nations Of the globe.
New mills OF many kinds are going up.
Usre at Osaka are two score large cotton
factories operating more than one million
spjndles. and iast year % 0eo pounds OF
cotton yarn were exported TO China A
gyeat part OF the cotton used In Japan is
made here, and the business II so grow
ine that In the case OF this division OF
China among the powers. this region will
BE- turned into one vast cotton mill for
making clothes for the celestiais.
lust above Osaka is Kioto. where there
are now modern silk mills run by cleo
tricity developed by water power. and
about here and below mt Kobe are facto-
RES which are making matches by the
millions of gross for shipment to China,
Korea, India and Australia. In Tokyo, 300
miles to the eastward, some Japanese
have Just completed a wooden mill. and
have now 1900 hands employed in making
cloth to supply the Japanese demand for
warmer clothing, and at Nagasaki. the ex-
IRENE western port of the empire. a ship
budding yard has been established, which
"a making 60oO-ton steamers good rs
any constructed In Europe or the United
States.
The Japanese are. in fact growing into
rich nation. They are already the ma
bobs OF the Orient. the richest of the ma
tive races OF the far East. DO not mean
that they are wealthy In comparison with
the Americans or the Europeans, but they
are far ahead of any people of their own
kind. There are no bcggars. have not
been asked for aims once during my stay
IN the country, and see no unemployed.
sinre the Japanese-Chinese war wages
have Increased from 70 to 100 per cent.
and men who were working before that
time for and 10 cents a day are now
getting 20 and Is cents. and more than
double the prices pnid for the same class
labor IN China and Korea. Wages are
steadily rising. and though they are still
not more than one-fenth the sums paid
our workmen. they are enough TO be
riches 70 the people here. They are so
high that many of the working people
are saving money. There are now more
Il an $le0oocta on deposit In the postal
sevlrEy banks. owned by about 10000
Rsnnri'ngs and this notwithstanding the
rsapla chicny invest their savings in
other ways
As to the growth OF wealth among tho
capitalists and the business classes. this
II sim more remarkable. There IL no end
oi fartoricf banks and companies Of var
cos kinds which are paying good divi-
denas. The Nippon Yusen Kaisha, for In
stance IL paying s5 per cent. and there
& "a horse railway in Tokyo which is pay
Ing 81 per cent. The road is the only one
h a city 81 a million and half popula
tion. It's owners were recently asked to
Increase their CAPITAL and equip ~ cleo
tEieaily. They refused. saying they were
doing very well and they doubted IN they
could pay a bigger percentage by tho cleo
trie system There H. no doubt, however.
but they will soon have to make the
change
The railroads ot Japan are paying. even
those which belong TO the government
There are now between 1000 and 3ooo
miles % track la the empire and more
have been nroiectcd
As 60 banks they are 20 he found every
where. and as a rule they are doing well
Two per cent "a month ~ not an uncom-
mon interest rate. and the banks as
rile ray Interest on deposits The total
amount ~ native capital now used I'm this
Nay foots up more than tieae1l,0na the
Bank ~ Japan alone having a capital %
@shM. yen. or stR Na.o1a The banks do
eustncss Just as our hanks do Keeping
lsrtr accounts and lending money In the
safae WAY They do po thank sou"
fnsiaAsw OF any kind and chatsc ,hcit
customers fer any amt every favor There
are lAfge stock exchanges tn rekvo and
V@Aka. ana the yellow Acknowledged bulls
ard bears hght here over the rise aad
Ian 81 stocks ifat as our white. straight
eyed ones 30 in New York ana Chicago
V their steamship lines the Japanese
are making wonderful progress They
how hAve Hines of steamers which GO "a
hfsfly every great port They have
NeiVe big steamers which five them u
te'thishtlS service % Europe VIA the stoz
'Anal lgr az large ships 10 Australia
W HaaEkoNs and Marjhl. regular steam
US q 9li NE chinese Korean and East
esa sieetlHn ports and two lines which
astAs reEular saNlngs Tor seattle and san
tt9hiss'o They tre experimenting now
W. q hnc tp l'ryl and have sent several
81 the4r ships ta Mobile aud New Orleans
Y test whether 10 viii not pay them 10
la'Roft oar rsN cattun for their mills heTs
n THEIR oWu steamers last year the
Npgeh Nusen katsha added Sax vessels 10