The Providence news. (Providence [R.I.]) 1891-1906, 1900-04-13
HAS Returned
FROM C0REA.
Ex-senator FaSs0tt Gives His
Impressions Of the Country.
FINE OPENING FOR AMERICANS.
Believes American DlpIumatlsts Can Achieve
a Great vIclcY There.
AMERICAN MINES NEAR THE yAloo.
Thsy Glvs Employment 10 rs Men and 5000
Coolies Many Gold Fields That Arc Certain
to Be- Gsal'ProducNs.
Believes American DlpIamatIsts Can Ashlsw
a Great Victory There.
AMERICAN MINES NEAR THE yAlo0.

New York. April 1S.-Ex-S Senator J.
sloat Fassett of Elmira has returned
from Corea. He made the acquaintance
and number OF the leading men OF
the nation. He IL convinced that Amer
leans can dominate commerce in the
East. He has also visited Honolulu.
Japan. China, India, Egypt, Greece and
Italy.
"Corea' seems good way from here.
and IL is, said Mr.. Fassett last night,
but We can ship a ton Of freight from
New York to our American mines near
the Yaloo river as cheaply as the same
ton can be sent to the mountains OF
Idaho and just about as quickly. too.
"Corea at the present time is in an
interesting IL not a precarous situa- =
tion. She is in the situation OF a buffer
state. She hangs down from Man
churia, which Is in possession OF the
Russians, and at the same time she is
almost within sight of Japan. These
two nations are watclIng each other
across the mountains OF Corea.
1T seems TO me that the situation Of
fers most promising opportunity for
American diplomats 10 gain a victory
full OF the fruits OF peace and prosper
ity in rhe Orient. 1t is no secret that
the relations between the overshad-
owing power of Russia on the north
and the restless, magnificently compact
strength of Japan on the south are at
a point of high tension.
"Corea is picturesque. beautiful fer
tile, with an excellent climate and an
industrious and agreeable people. In
our mines we employ IS white men and
300G coolies. Our venture has been and
is an interesting experiment. We are
the pioneers there, and we had 10 over
come all the obstacles I'm new and in
most respects a wild country. There
are many gold Ids i'm Corea, as the
country possesses a continuation of the
gold bearing outcrops of Siberia and
Manchuria, both Of which are bound To
be great gold producers. The Coreans
have been mining with crude methods
for many centuries. and they Te still
at it. Corea. like all the East. by which
indefinite term may be embraced most
of the Asiatic seaboard. is awakening
10 new industrial and commercial life.
There is an immense opening for enter
prise and capital which viii subse-
quently be supplied as soon as IL is
understood that the United States gov
ernment will protect its citizens in all
legitimate foreign enterprises.
"The Orientals are kindly disposed
toward Americans for many reasons.
but chiefly because they recognize that
Americans are not seeking political en-
pire, and they feel that from them they
can receive the most desirable assist
ance i'm industrial and commercial inn
provement. The consuming capacity
OF thest great populations in the Orient
is not understood fully. Neither Is
their ability to pay. We Americans
take their breath away by our rapid
methods. bur Americans in the Orient
are contract keepers. and this ia rec
ognized by the Asiatics. Civilization
has swept around the globe. moving
westward till IL has again reached it's
ancient seats. and II Is now taking hold
of opportunities in the New Old East !;
with all the increased wisdom and ex-
perience of all its centuries OF progress.
The enterprises which are now starting
over there are bewildering But IL Is
hardly a poor mans country. The OPP
portunity is favorable for associated
capital in large amounts skilfully d.
rected. but not for individuals"