The Irish standard., 1905-12-02

states ana Europe. Inc canals Will
have to be repaired, and that will call
for species of manufacture; roads
all over the empire will have to be
constructed and reconstructed; the
rivers will have to be regulated, dam
med and harnessed for the purposes Of
power and irrigation. Cotton and
woolen mills are bound, sooner or
later, to take the place Of the hand
looms and hand machines of the en-
pire's homes. A great era Of manu-
featuring is about to begin. Compared
with what it promises to be, the China
of the past is small indeed.
Those who know China best believe
it would be unwise to hurry along any
faster than is deemed wise by the Jap
anese, the present leaders of the
Chinese. The policy of the progressive
little men of Nippon, the Japanese, is
to add only increment to increment OF
Chinas productive capacity, a con-
servative, careful system sure of sue
cess. Any other system may make for
havoc and war.
Banking and Finance.
| The banking business of the empire
will have to be reorganized. With the
world gathering nearly $40O,o00,00o in
easy and good money may be made to
take the place of the uncertain coin Of
today. Harmony, if not uniformity,
will be wanted, looked for, and ulti-
mately obtained. In the wonderful
era of manufacturing that is opening,
the United States is destined to play
a leading part. While it is true that
Japan is to lead, or is very likely to
lead, there is no good reason to doubt
the ability of this country to play a
very important part in Chinese indus
trial development. 1t will.
There is no doubt of China's and
Japans ability to produce. Here is
the germ Of the only Yellow Peril that
is possible. There will be no war, un-
less we and the Western peoples want
it. China cherishes only hopes and
purposes of peace. But the real Yellow
Peril is based upon the ability Of the
yellow or brown people to beat us at
our own game of manufacturing. Give
them automatic machinery and we are
if not lost, at least liable to learn a
few things in cheap production. What
are the facts? Ten years ago Mr.
Dickie, manager Of the Union Iron
} Works of San Francisco, the company
; that built the Oregon, went to the
East for the express purpose of expert
observation. At that time he told the
people of this country that there was
/ no danger from the Japanese. He
developed far enough in wealth they
. would develop in wants. OF course
this is true of all people, as a rule. He
] went on to say that when the Japan.
! ese are able to send us the materia
for our white shirts and dainty calico
dresses" they will not be satisfied "witt
only a loin cloth for themselves" Al
If loin cloth was all they wore! Al
j, the time Mr.. Diclie was in Japan Il
had 9S4,557 spindles to put against
India's 3,649.736, and England's 45,270,.
; 900. Today Japan has 1,3o4.7se spin.
, dies and is constantly increasing the
number, and is paying large dividends
in all her cotton mills. after paying
considerably increased wages to labor
This is not bad sign.
Japan is jumping forward so fast dr.
her industrial development that one is
, constantly wondering what next?'
She has gone into China, and Chinese
|students have gone into Osaka, Toxic
, lNagasaki, Yokohama, etc. Hand in
. hand the two empires are going for
!. ward. The same scientific and educa-
tional methods that have meant sc
much to Japan are to be used in all
part of China. The motto Of the Jap.
anese to adopt, adapt and become
adept" will be the industrial warcry
of the Chinese, The two people, won