Albuquerque evening citizen. [volume] (Albuquerque, N.M.) 1905-1907, 1906-12-10
How the Japanese Propose to-
Dominate the Whole Pacific

Lo-don, Dec. 10-Japan intends to
become the great commercial power
Of the far east. How is this going to
be done? one asks.
In the first place japanese credit
stands high, and every day 1t tends
to become more so. If the Manchurian
war had had no other effect. at least
it strengthened Japan's position in the
worlds money market to an incredible
extent
The country successfully stood the
awful strain put upon its resources,
and in the end the competition to
take up its loans was the keenest ever
known. While Russias credit de-
clined that of Japan as steadily rose.
and today It stands higher than dur
ing the war
But the war had another great eff
feet. IL aroused the ambition of the
Japanese people to the highest pitch
OF enthusiasm. They mad conquered
one of the great powers in war and
had enrolled themselves among the
first nations of the world. That po-
sition they have to maintain. And to
do this il is necessary to acquire
wealth. They will never do so by ag-
riculture. In their industries and
commerce lie their sole hope. They
are TO all intents and purposes a new
people, with energy and resources un-
tapped. Succeed they must. And
there is rot a japanese but who
means to do his utmost to help his
country retain her newly acquired po-
sition.
At the present time, so far as in
dustries are concerned the chief at
tention is directed toward silk and
cotton. Mills are springi,g up in all
directions and year by year the output
increases.
Their silk is as fine as the world
produces and the supply can scarcely
keep pace with the demand.
The cotton yarn finds its best mar
ket in China. This trade Is also II
creasing rapidly and Japan is aiming
at securing the sole patronage of the
celestial. China is the market of the
future which every commercial power
is trying to secure. In many respects
japan has easily the best chance. Mo-
only Is she close at hand. but day by
day her influence in the country in
creases.
Among other industries, copper ant
coal hold the first place,
With regard to the export of man
ufactured goods other than cotto-
yarn silk piece goods and matches, tn,
the country at present lags behind
Until now, want of capital has beeI
the chief drawback. But with thi
difficulty removed there is no reason
why a new era of prosperity shoul'
not set in.
Another important fact which mus
be noticed in connection with Japan
commercial future is the recent larg
increase il her shipping. This wa
largely added to in the war with Rus
sia. While this lasted no fewer thar
fifty vessels aggregating 10000 ton
were captured Besides these sever
other steamers, with a tonnage o
1882 tons, were raised at Port Al
thur and several others amounting t,
17,200 tons were also refloated.
In addition to these the merchan
navy was increased by the large mum
ber of steamers, sailing ships an
junk purchased for the purpose o
transport. Nor have the shipping CON
UdhlSo anu Sllip DulluihS ydtho III Ju
nan been idle. All the larger concern
have recently been largely adding t
their fleets. One important company
the Toyo Kisen Kaisha, is going +
put on an entire new line of steam
ers between Yokohama and Chile an
Peru.
But al the present moment Japa
has more than sufficient ships o.
hand 10 carry her own imports an
exports. What then does she mean t
do with them? The answer is cleal
She intends to capture the Who'll
carrying trade of the east and in thi
respect England, so long the carrie
Of the world, will find her seriou
rival.
This, then. is Japans commercis
policy She believes she can con
mand unlimited capital With 1t sh
means to develop and foster her ow
industries and manufacturers end IL
crease her merchant shipping. An
While this is coming TO pass sh
hopes 40 Invade and capture the ma
kets not only of China. India, Au
traiia and South America, but to
large extent of the United States an
even Europe