The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1912-07-19
TAKES RlGHTIFUL PLACE
JAPANESE MERCHANT RAISED IN
SOCIAL SCALE.
Heretofore Only thu Soldier Has Been
Looked Upon ~ Following
Worthy CaiIlno-Emperor Has
Changed This Idea

japanese business methods have
been widely criticised. especially in
tho last few years. as lacking those
standards of commercial honor which
prevail, among Occidental nations. A
writer in the Atlantic says that the
question most frequently put to him
since his return from the Orient has
been:
Why is 1t that the Japanese are 20
dishonest that they cannot even trust
themselves. and have to employ China
men at the head of all their great
business concerns?"
He explains this almost universal
impression by saying that the average
tourist usually has business relations
only with the branches of the three
great banks established in the treaty
ports. When he cashes his letter of
credit he observes the singular fact
that the money is being handled by
Chinaman instead Of by native.
THE simple TRUTH" says the writer.
lis that these three banks-all OF
them, by the way, foreign concerns
are the only business houses in the
entire empire so conducted. When
Japan was opened and these foreign
corporations in China sent their
branches into the new field, they sent
their Chinese compradores with them.
Yes, while all this can be said,
and should be said, in the interest Of
simple Justice, it is nevertheless unde-
niable that In Japan the ideals of
commercial honor and the methods
adopted in the conduct of business
are not what they are in the west.
and there is much OF which the Occi-
dental may justly complain.
There Is historical reason for
this. The fact that in the olden days
in Japan the merchant was placed at
the bottom Of the social scale and the
soldier at the top, while in China ex-
actly the reverse was the case, fully
explains why Japan has produced a
splendid soldiery, and has woefully
suffered in her mercantile life. while
the army in China has been the sport
of the nations though her merchants
have attained a high place In the
world of business credit.
But even though the cake OF GUS
TOM is the hardest to break. it's pow
er of resistance has been already ma
terially weakened by the wise policy
Of the emperor; and the merchant IL
no longer the pariah of the realm.
Prominent among those who by the
emperor's favor have risen from the
honor is family whose history il sig
niflcant.
1.-THE Mitsui family of Japan have
been called the Rothschilds of the
east: but while the fame of the lat
ter has gone abroad over the world
the Mitsuis have remained practically
unknown except to few western
merchants who have had extensive
dealings with the Orient The Euro
pean family owes its great renown to
the fact that for century there has
been no slightest stain upon its CON-
mercial honor.
But its career, it should be remem-
bered, has been passed in a world
where business itself has been held in
honor; while the Mitsuis, engaged in
pursuit utterly condemned by pub
lie sentiment, for three centuries. in
spite of the demoralizing influence Of
the social ban, have been trusted by
government and people alike, and
have kept the honor of their name un-
stained. Now, thanks to the new
spirit animating the nation. they no
longer stand 40 conspicuously alone"