The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-11
Sir Morton FreWen'S Report to
Congress Is Given Much
Attention.
MAY ENCOURAGE A
WIDER SILVER BASIS
The Far East Necessitating
Broad Changes in the
Worlds Commerce.

WIN ms report, being prepared lor tno
congressional monetary commission. as to
show the proof sheets to a number Of
New York friends. among whom it has
Crca ted "A profound impression, At a
dinner the chosen few were gathered
about Sir Morton. there being men wide
ly Travelled and men who represented
practically all phases OF power In Ire,
and the Journal gives over II column in
discussing the occasion without giving
away anything about il, task often
confronting the newspaper man.
without violating any confidehces, the
Journal believes the report Will treat Of
The great Industrial changes taking place
i'm China India. and the far east gem
orally. while it is expected to treat with
favor the more extended, though careful
use of silver. The following are few
selected paragraphs of the article re-
Among the guests was one who has
Just returned from a somewhat prolonged
tour OF India, China. Japan, and the far
east. His visit was not one OF pleasure,
for he went purely for business pur-
poses, although the business was moth
ing 10 do with corporations or finance.
He was, by the nature OF his mission
brought into close relations with some
of the rulers Of the countries OF the far
cast.
One of these gentlemen. in speaking
Informally, and yet at some length. upon
the commercial relations which China is
now establishing with other nations. was
OF the opinion that the magnitude and the
were not yet apprecia ated. China Is now
actually exporting to our Pacific coast
pig iron and cast iron, laying these prod
ucts down at san Francisco. or Seattle
for a price which makes IL impossible for
American manufacturers to compete with
them. And that Is an incident which has
escaped the notice OF the American peo-
pie.
So. also. il was recently reported that
from the East Indies have, within a few
months been brought TO the doors OF the
M act m 1nr
siderable importations Of East Indian
cotton. This was marketed 10 these
manufacturers at considerable less
price than the quotation for American
raw cotton.
Mr. Frewens guests were told that this
new commercial relation and the mo-
mentous meaning that is In IL. arc In
great measure due To the change In the
value of silver, as compared with gold
which has occurred within the past TWO
or three years. This changed price of
silver is making II possible for
China. for the Strait Settlements and
for India TO begin manufacturing. not
only of products for their domestic mar
ketS but for export
For instance, the international fnancier
said that no longer are The white goods
manufacturers OF the United States send
China We appear 10 have lost that
market. Our cotton goods manufacturers
must turn their eyes TO South America
Mexico and the West Indies. II they are
markets,
When asked what the reason for this
change is, the man OF finance said that
China IS now manufacturing white goods,
and Is increasing the number of manu-
factories rapidly. The present price OF
silver and the relation OF silver to cN-
change make IL possible to manufa cturc
and market at such prices as have put
IN end 10 American competition. In great
measure.
Moreover. in the course of few years,
as it seems likely to do, China in all
probability. Will be exporting white goods,
possibly even to the United States. What
the authority said OF the beginnings OF
change in the commercial relations OF
China. and OF the apparent ignorance of
the people of the United States Of the
peril OF so great competition, was 10 some
extent confirmed by remarks made by one
Of the guests who has recently returned
from an extended trip through the far
east. He spoke with the eloquence OF
real enthusiasm Of the manifest evidence
of a great awakening, not merely Dolti
cal. but Industrial, throughout China. The
Chinese are rubbing their eyes. slowly
awakening from their Rip Van Wrinkle
sleep They are beginning 10 appreciate
the magnitude OF their natural resources.
and the possibilities Of a commerce with
the world which may, by and by. match
that Of any Of the greater exporting ma
tionS
This guest also spoke of the murmurng
Of the under currents beneath the sur
face life OF India The unrest there re-
fleets the uneasy movement of those who
are beginning TO awaken. II is FAR reach
ing, not only superficially In area. but
apparently is stirring up the people of
the East Indies, so that they arc To be
changed from an almost hypnotic. phleS-
matte existence, becoming people of in
tense energy. And the great problem OF
England is so to administer as 10 con-
serve whatever is helpful In the unrest
of India. and TO overcome whatever may
an n lo danger In IL
We shall probably find ourselves. in
the course of few years, in competition
with India for some markets. and pos
sibly in severe competition for the world
markets of raw cotton. There. and there
alone. lies the chief peril II it ever be
peril, to what VIC have always regard
ed as our exclusive and impreenable po-
sition as a producer and marketer OF raw
cotton.
The profound. as we'll as brilliant in
telleCt under whose guidance one OF the
world great industrial corporations has
so amazingly flourlshed contributed from
his experience and philosophy TO the un
usual and very great fund Of information
impaired at this gathering AT Mr. Frew-
ems table. He has strong hope that we
are on the high road 10 satisfactory
and permanent adjustment of the rela-
tions between those who employ. and
those who are employed. While In no
way deprccating the union organization
OF labor yet IL seemed TO him that the
ultimate and wholly satisfactory deter
minaton OF inc !anor question would pe
secured by the peTfectlng OF cooperation.
an esprit de corps, which Will give men
who work with their hands and receive
wages. and with their brains and receive
salaries. a sense not merely of employ
nent. but of proprietorship.
In The judgment Of these men. We are
on the eve of far reaching
and radical changes in the commercial
relations between nations. We are APP
preaching a time when haphaZard pro-
ductlons and commerce will he eliminated
from the methods of those who are COM
mcrcially successful. And we are ap-
on the eve OF new understand
Ing and relation. a highly economic re-
Iation. of silver 10 the world OF commerce
although II is not a relation which is in
any way expressed by the arbitrary stan |
dard which. fourteen years ago was
called free silver, and sixteen -to-onc.
Foley Kidney Pills are antiseptic. |
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