Semi-weekly herald., 1909-03-08


clared to be injurious.
dug that make clear that at one time
China was inhabited by the Caucas
ians. But he has disappeared. Why?
The Mongolian came with a pole on
his shoulder and bundle on each
end of the pole. He was non-com.
blatant, he was Industrious, he would
work at half wages. He obtained EN-
ployment. he learned the simpler
trades, by his thrift he saved money;
he was more and more employed. the
generous race of workers could mdt
compete with him; gradually lie
crowded out his competitors. only The
land owners of the original race le
manned. Then John began to lease
small patches of land, then more and
more. and then began to buy-the
camePs head was In the tent and Tho
original occupants were crowded OUT.
The lesson is that the rule should be
for the separate races to each have
its apportionment of the worlds area
and should not be trenched upon by
any other race.
But there is another thought in this
connection. While it is not well for
these separate races to dwell on the
same soil, each is more or less de-
pendent on the others in the way of
trade. The brown and yellow races
produce articles of commerce which
the white race needs, and under nor
NAL conditions the brown and yellow
races would purchase much that the
white race produces. And this would
be to the mutual interest of all. But
1t is true that the trade between the
white and the yellow and b,jEa races,
Is decreasing. That Is, the latter races
are taking less and less of the prod
ucts of the former. We do not have
| to search far for the reason. From
beyond the time to which the memorE.
OF man extends, the money OF the
brown and yellow man has been silver
UP to date he cannot carry on his
daily business in any other money,
In the last thirty years the dominant
white nations of the earth have re.
duced their currency to the single
standard Of gold, which. of course, has
caused silver to fall to such a price
as the demand of the arts supplies.
SO, measured by gold, silver in this
country and Europe has declined 60
or more per cent. But It has not
changed In the Orient SO far as labor
Is measured. An ounce of silver pays
Tor the same amount of labor that II
did In 1873, hence the Oriental manu-.
facturer can afford to sell ns hisI
wares, measured in gold SO per cont
cheaper than he could thirty years
ago.
But when 1t comes to buying our
products at gold rates, he, having
nothing to pay with but silver, re.
COILS before the price. with the result
that the ships of our great railroad
companies. built for the Oriental trade,
are swinging idly on their chains In
ruget sound and San Francisco bay.
AND this Is just when Japan is build.
ing up great merchant marine with -
thought that she will dominate the
tiade OF the Pacific just when China
Is last awakening from the slumber OF
centuries, is building manufactures,
is making stand for liberty and all
me rights of man. And in that region
live half the inhabitants of the earth
and more than half the worlds human
working forces. There are so many
indeed, that China would be glad, were
SILVER once more recognized as basic
money at some ratio with gold, to take
all the product OF our own mines and
the mines of Mexico, paying for 1t In
Tea and such other of her products as
we annually purchase.
One would think that the eastern
press would see the situation and cry
out, that eastern manufacturers would
10 the same; that exporting merchants
would do the same: that our great
railroad magnates would do the same;
mat congress, reading the reporte. of
All our consuls in the Orient, xNusree.
ng that the steadily falling exchanges
we're killing trade; would arouse itself
md demand that the mighty wrong
mould be remedied.-Goodwin's Week.