The Washington times., 1905-05-02
Called the Baron Crazy.

cat that time | was minister of agri-
culture and commerce, and had studied
these matters fully. But everybody said
/ was crazy. Even Europeans thought
America was a borrower only. I studied
the subject more, and since Their I have
had full confidence in the monetary
power of the United States.
well. the commission went to Lon
don ard placed that foreign loan seven
years ago I felt sure that if America
was properly approached 1t would re-
ulised when at the time of floating the
first war loan of loo, 10000 yen $50, 000o e0)
for the present war, America asked to
be allotted one-haf OF II, ana it was
readily taken up in your country. In
the same way America took one-haf of
the second loan of S69.00G,090 and again
OF the third loan OF Si5,oO0.vVo. tiurops
was surprised Japan was surprised. /
was so pleased that my prediction OF
seven years before had been grattfied By
the actual facts, and that my study OF
your financial resources had been shown
TO be true.
Asia Our Future Market.
Americas economic future in the Far
East and it's relation to international
trade there, is the subject of my present
study. In my investigations SO far 1
might predict already that the United
States will find Asia its best market,
better than Europe. From your Pacific
coast to China you have voyage
through the temperate zone, instead of
| by way of Suez and the longer distances
which European nations must send their
goods. In the next five or ten years
An,epSsa trade with the Far East will
| expssM with enormous rapidly, partic-
ularfy, | might say, with Japan
| THE reason is plain. We have TO de-
pend on America for raw materials and
/ haA To a
materials. Our cotton factories depend
| entirely upon American raw cotton IN
! our country we can't raise cotton, In
/ the first three months OF this year our
| trade returns show S10.o00,0O0 worth of
raw cotton imported into Japan-al
| since January !. We must depend on
| baeco. but can't raise it as well as you
| do in Virginia and Kentucky. We look
| to you for bread stuffs, the -four; for
| iron and steel. cast. bar and sheet iron,
| make in our country. We must depend
On you.
What Japan Provides.
| '1On the other hand we send you raw
silk-you cannot raise it. We give you
| about Ss0Oo0 600 worth OF tea each year
| In other things which never compete
/ ance of trade is carried out by this
| means. The United States and Japan
| are placed in a happy position in all
/ tt:eir trade relations. if the facts are
| known.
IF you investigate the social life OF
| the upper and middle classes in Japan,
| VIVA: do you find? In the morning when
a man gets up. he jumps out Of a bed
| covered with a sheet from your New
| England cotton factories. He goes to
eakfast table and breaks bread, the
flour of which came from st. Paul and
| Minneapolis. He uses condensed milk
| from Chicago in his coffee. Then he
| lights a cigarette made from Virginia
or Kentucky tobacco, and reads a morn
ing paper printed on paper from SaE
| Francisco.
Depending on America.
This is the commercial atmosphere
pervading from one end to the other
of the empire. Even our daily life and
comforts and .convenienees depend or
American goods. Once the people havs
used American goods and they enter into
the family comforts it Is impossible e
take them out. Consequently your ex
ports 10 japan will increase as lhs
years roll on.
lat present we cannot tell who. tbs
war will end, but sooner or later nor
NAL phases of business must return
What will be the condition - japan
| then? is the question We ask ourselves
| We have spent enormous sums OF money
I'VE have had q great strain on oul
financial power. It will take four OIL
FIVE years for us to recover and By
| established q firm grasp on the East
since you have such low interest OF
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