Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-12-13
CAN'T EXPECT TO BORROW
FROM EUROPE FOR
LONG TIME.
TURN TO THE u. S.
Want to Strengthen Financial
and Trade Relations
With Us.

Correspondence OF Tho Associated Press)
TOXIC, Nov. 14.-Big business IN
terests in Japan some Of which have
opposed from the start the partlcipa-
ton of Japan IN the war, are wonder
ing how Japan will be able to borrow
needed money from now on. THE wal
may be necessary for Japan from n
political standpoint" said a prominent
banker to the correspondent Of the
Associated Press, but | wonder II II
Will be a good thing for business.
Moreover, | think it will be impossible
for Japan to borrow money in Eu-
rope within the five or seven years
following the close OF the war"
Japan, he continued, desired to go
on with her work of commercial and
financial development The European
money market being closed bankers
we're asking themselves whether It
would be possible to secure loans In
the United States. The business In
terests were anxious to create closer
and more extensive business relations
with the United States and to make
the Pacific ocean sphere not only
Of peace, but Of greater commercial
activity. 1t was evident he said, that
there existed ~ Japan today power
full current of opinion In this direction
which was opposed to any considera-
ton OF local politics or party strife
Interfering with such trade and COM
mercial development.
Viscount Inapiro Tajiri, president OF
the board of auditors, who studied
economies and finance at Yale uni
versity has written this month about
the fundamental solution of Japanese
finance, which he considered the most
difficult problem that Japan has 10
face. In Japan it was perhaps more
difficult than in any other country III
the world, and yet there was no coun-
try on earth where there was such
hope for the future, II all classes con-
tinued to cooperate toward the one
end Of financial consolidation,
He wrote:
"The question that most vitality af-
fects national finance in this country
ia that of food. 1t is In fact tho
areet Fundamental problem Of the ma
tion. Solve this problem and the
problem Of finance is solved. AT the
present time our food supply is &c
ficient and renders us debtor ma
tlon. This is reflected In our excess
Of imports over exports. and our un-
favorable balance OF trade generally
The government is in debt, and private
enternrise Is in debt to the extent oil
hundreds of millions. Many OF our
municipalities are in debt, TOO Moie
than two hundred million yen tslVV'-
600 OOO) of our business capltal Is
foreign money
"It is not too much to say that the
whole difficulty lies in our detlcienSy
in food supply-chietiy III rlce' '''
staff of life in Japan.
Dr Taiiri pointed out that the an
nual supply OF rice was deficient ana
was made more so by the annual con
sumntion Of 2O,O00,000 bushels by the
hreweries for making the native drlh \
called seke. In eating rice, much Oh
which she imported, japan was ca
veruv "the money of the usurer' IL
would be a long time before japan pc
came a creditor nation, ana Ill auut
tion to adopting the remedles on
organization of commerce anu lhuus .
nv, and more extensive colonization,
t.non must readiust her cultivated
land SO as to insure an ahhuat ~
crease in the rice crop or at leas'
tbIrtv-flve million bushels. lie de-
clared: ., .,,. mos,
rocessarv articles OF food ana eNpor'
only ornaments and luXuries we can
moi hiring about the desired chahee'
Much also can be done, he thlhhs' Wy
eXterminating injurious insects ""l,H
destroy 100000 bushels OF rice ia e
orv vcar Improved methods Woulu
ircroase crops in Hokkaido, Korea
and Formosa. In tho south two crops
wear could easily be raised to
what ia IN has to do Is TO man i,
acric,lture the main vocation OF Ihv
neople. Let her become as successiul .l
y comn ercial and Industrial people AZ
she NAV, yet she should never iorse' o
3haat without agriculture there is no
hone for her as a nation Az iou vi
tural reforms constitute the pest po.
tcv for promoting national ecuhoins ,s,
II il the il-considered hot,1n .r .,,ro
Industry rather thah otional
hould be the foundation or hHliuHa
oronomy that leads 80 many young
nan of Japan to forsake the lahu
Ina wander to Che cities, where the!
come to nothing. .,os
"Arother necessary reform relateS
f.oicr trade. Instead of import
INC necessities and exporting luNui ie'
ta,an,s goal should be to export th'
sapesa,ties She should learn to grow
her own cotton. as she Is no" az
temptlng to do in Korea. r.,,r,
In conclusion, Nlscouil' 80!
warns his fellow couhtr!'ien ~ ~, ,o
..ianan needs to be careful to
,,ra against the western tendency u
So, aster ornament and to be reckless
no more practical things OF ne
~ naonle should think more aDou'
,ba s,thstance and meaning or IRE
Tha foundation OF national economy
s'nerds much upon the economy OF
t,'dI,iduals If we began by reform,
in the supply and CONSUMPTION y,
FOOD and then wen on 10 lhipIote
commerce and industry We woulu .,
taking the right and naturai coui