The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-05-10
WHAT CHINA MEANS.

WHAT CHINA MEANS.
There is so much in the present con-
dition of the people of the United States
and in their stake of preparation for-yes,
of necessity for-seeking trade abroad,
and that portion of trade abroad that will
be most profitable. that the Glob e
would deem itself insincere and untrue
to the common business interests of it's
constituency if it failed to point out the
opportunities which seem to it to be wide
open in certain portions of the world
For, while the United States has more
miles of railway than all the rest of the
world; while we sell each year to Europe
raw cotton to the value of 5000 eco ,O00,
which they promptly transform into cot
ton goods worth over five times as much
and ship half of it abroad while we pro-
duce and ship to other nations more
corn, cats. wheat, flour, provisions Of all
sorts than any other agricultural nation;
while we possess more cattle and hogs
and horses than any other nation; while
we dig out of the bowels of the earth
more iron and coal and copper. and mako
OF them more steel and iron and copper
goods than any other nation; while New
York clears" at her banking institutions
a greater volume Of business per month
Or year than London; while we have "A
Voo'oC9 people occupying 100000 square
miles of territory; and while we are tha
Wealthfest people on earth per CAPITA we
are never theless up against zoo. 09o.O00 nee-
pie in Western Europe, occupying but
l'4OO'eVo square miles of territory, who are
civilized, toiling, inventive and scientific
who have taught us lessons in financino
Tor hundred years, who control over
ohe-haIf Of all the gold used in banking
IN the western world who are vitalizad
and empowered BY the saltwater air
that beats upon their mountain ar1
meadow regions from all quarters of tba
compass, and who are the makers and
exporters of all things, from the wooden
jumping Jack to the railway locomotive
DNoSSAAAoAAAlJg
ana Berlin to add to London as forefpn
clearing houses and money centers. and
VINO handle and carry over 80 per cent of
lie ocean trade of the world
We have built railways. steamships f,,
nome use, blast furnaces and steel roll
ing mills, to the astonishment and wonder
of the world. Minnesota iron mines have
reVolutiohized the iron and steel busfnese
of the world. Michigan, Montaro 80
Arizona copper have millioned mems
fortunes In electricity. Europe wonders
what is coming next Experts who have
travelled in China estimate that In tbo
coming ten years that country will build
tD'Oeo miles of railway While that is NOT
much in comparison with our own 20
cent records, it will bear comnariso,,
with the records in the sixties or seven
ties in the United States, and will CARR
with it demands in other lines that uiI,
make up a considerable market for tb,,
product of our iron and steel mills ono
writer in the Manufacturers Record of
i'ai'iniofe calculates that the Celesfiafs
VIII consume from 3.OOO,C COO to 7,oOoaop tons
or steel and iron per year III the corcinc,
ten years in railroad construction ana
that this Will carry with it 2O00 non 20
S'OOoOO0 tons in kindred lines, in ma
chlnery, cooking apparatus. etc or q
total of from 100000 to 1O,OCO. 900 tons ~.
year-a.most as much as the total nresa,+
output of our mills. Not even E,roao
can hereafter hope to compete with NC
successfully in any iron and steel line !,
we look to our financing and shipping
In cottons, China should be chr vietir,
SO to speak, for fifty years. We sbo,la
not hesitate to put every dollar of suralp.
capital the country possesses into cotto,
mills, for we are compelled to go some.
where to sell cotton goods instead of rar,
cotton In the past two years China has
shown a great Willingness to accent ON.
goods. But she is still buying three tiroas
as much from Europe as from Us.
England has 5000, Of0,Oe0 invested IN 4,,a
Cnited States, SO it is said, though that
is manifestl5 an over-estinnate. Cerman5
has half a billion, and France baIf *
tiat- The United States cannot do bette,
than to follow the star of empire, ana
put her surplus ipto China and It nav
thus happen in ehe coming twenty years
that we shall be creditors to the land~
beyond the Pacific to the amount of
billion or two in gold and lie carrying an
the goods that we sell to or Juy from
them.
Members of the st. Louis house of del
egatPS rnnSt H. fnotir,.. :.