The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-16
EXPORTS TO THE PHILIPPINES
RETARDED BY LACK OF CARE ON
THE PART OF SHIPPERS.
Opposition to Foreign Capital in ia
pan-UnsatisfactOry State of
American Trade with France.
ecial to the indianapolis Journal.

currency. 1t is predicted that as soon as
this is accomplished stream of capital
from the United States, England and
France will pour into the country, result
ing in tremendous boom. The United
States is expected to lead the movement.
Germany. although already largely inter-
ested in Mexico. is not expected to increase
her investment for some years to come, for
the reason that the principal industries of
Mexico are mines and plantations. The
Germans are not experienced in these lines
of exploitation and hesitate about putting
their money into them. The Americans
now have the Mexican mines practically
to themselves and they control the rail-
roads which haul the output, thus giving
them choice as to which district shall
be developed by new constructions. France
and England are expected to increase their
investment in mines, as both these coun-
tries have had mining interests In Mexico
for long time and they are competitors
of the United States in mineral production
in foreign countries.
This optimistic view of Mexico's future
is expressed by Prof A E. Sayus, of Paris,
representing the French Board of Trade
and many other commercial organizations
of France. He also finds the manufacture
ing industries of Mexico to be in excellent
condition and prosperity reigning on the
sugar plantations Of the southern Mexican
States. His report to the people he repre-
sents in France will undoubtedly stimu-
late French investment on this continent
The commercial publications of the Phil
ippine islands are urging more care on the
part of the American exporters in ship
ping goods to the Philippines. One journal
emphasizes the demand for catalogues
printed in the Spanish language, with
prices quoted in plain figures. 1t says that
confidential discount sheets should give
the prices current so that the importer
can judge of their value from local quota
tons. Weights and dimensions of articles
are also OF great value in catalogues.
The Manila Bulletin says: THE reputa-
ton of a house often depends on the man
ner of packing as much as on the mer-
chandise itself; Goods for Manila should
be packed with special care. The port Is
unprotected and the sea is often very
rough. making unloading at such times inn.
possible. Transfer is made by natives In
small boats from point two miles distant
These boats are tossed about by the slight.
est agitation OF the water.
Firms should choose for their represent
atives persons Of great experience The Gus,
toms officials of Manila are guided by fixed
laws, from which they do not deviate. The
Philippine tariff laws I'm regard to the differ
ent classifications should be carefully stud
led and persons should draw up their docu-
ments in accordance Herewith. Manufac-
turers should not place small samples In
their shipments unless they mention them
as such, otherwise they will be compelled
to pay duty thereon and, perhaps, pen
atty
Japan is shipping hemp to the North
American continent and it Is reported that
orders have recently been executed fol-
| a supply of fishing nets for Alaska, valued
at $4,000. A Japanese commissioner has
| also been sent to Canada to investigate
and report on the prospect of extending
| the market for nets in that country. The
| Japanese government is about to put into
operation a plan for paying a glass com
pany to train vorkmen for the manufac-
| ture of plate glass The government viii
spend about quarter Of a million dollars
| In substituting a factory to employ thirty.
workmen and train sixty-six for its own
use and fifty for the government service.
The production of oil is rapidly increasing
| in japan, the Standard Oil Company con.
| trolling the business under the name OF
| another corporation. The latter is rapidly
| absorbing the native companies and ex.
poets to control the entire japanese OF
| field. The use of oil is extending coinci
| dent with the new discoveries The Goa
production of Japan was almost treblet
| during the past two years and still, owing
| way lines and the growing number Of fac
| tories, coal is one of the principal i'm
ports.
Consul General Bellows of Yokohama
writes to the State Department that Their.
| is still feeling of opposition to foreign
capital in Japan which interferes to a con
| siderable extent with the free development
of Industrial enterprises. He says thai
| the better educated Japanese recognize tn,
need OF more capital than exists within
the country and desire its introduction from
| abroad, but that the narrow views anc
| jealousies of a few often interpose obstacle.
which cause the withdrawal Of intendins
| investors
| The Osaka Gas Company, capitalized
| principally by New York financiers, Is nov
reported as having come to an agreement
with the city authorities after a year o.
| obstructive hegotiat lions. The Toxic EIec
| trio Railway Company, half of the capita
| of which was to be furnished from Lon
| don, has not succeeded in effecting an or
| ganization because of opposition from
| section Of native stockholders reinforced
| by part OF the native press. Investiga
lions made with view to furnishing CAPT
| tai for railroad enterprises have come {,
naught because of the law governing Sc
| curity.
| A foreigner cannot own land in Japan
although a number Of foreigners may or
| ganize themselves into a company to b,
known and registered as a "juridica
! person" and this company has all tn,
| property rights Of a native citizen. With
| out the organization of a company as
| juridical person, foreigners may lease lane
| and own buildings OF trees thereon, anC
may take mortgages on a private railway
providing the permission OF the govern
ment is previously obtained. But in cas-,
| of foreclosure and sale the MORTGAGE. if {
| foreign person or company, would be at tn,
| mercy of the railroad company, since h,
| could not bid in the property himself
Furthermore, at any time after twenty
/ five years from the date at which the rail
| road company obtained official sanction q
| operate the road, the government could bu,
| up the road and announce its intention Il
| succeed to the rights OF the mortgage. Ii
| the words of a prominent Japanese law
yer, Things may be arranged in such {
| the road at its own price"
] changes I'm the law concerning the right O
| a foreigner TO hold land, but this has no
| vet been done. Foreign manufacturer,
| firms operating in this country also repor
| a. number OF discouraging conditions TIL
| existence of guilds Is an obstacle 10 for
| eign investment, for IL Is necessary that ,
| Derson engaging in business shall he