Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-12-07

ing advance In finance industry and
commerce. Developments are to be
noted In all directions and II the war
continues for long period Japans
position will be greatly enhanced. she
will reduce her national debt, she Will
| expand her already immense shipping,
/ she VIII strengthen her industries and
above all she will extend her com
mercc. II Is the great nation Of China
TO which Japan looks with eager eye
/ for commercial growth and China is
the crux of the relations between
Japan ana the United States in the
! immediate future.
Influence In China.
At Toxic the belief prevails that
Japan will continue her endeavor to
increase her political influence in
China But Japanese business men
are constantly clamoring for politi-
cal ascondancy that viii not be so
imprudent as TO endanger Il peaceful
economic conquest of the nelghboring
republic. Put differently, conserva-
| tive Japanese want to break down the
barrier OF distrust existing in China
against things Japanese and replace
It with a feeling Of confidence which
will establish free trade relations
based on business factors.
! The readiness with which the Chi
nese recently granted American cap
italists concession TO build long
railroad and their hesitation in MAX
| ing contracts with the Japanese has
awakened Japanese to the fact that
ascendancy In China TO be successful
must be accompanied by some meas
ure Of trust and confidence.
Al this particular moment the Jap
anese idea Is the dosirability of CO.
operation with the United States in the
| development Of China. The idea was
suggested by Judge Ebert II. Gary,
| chairman Of the board of directors of
the United states steel corporation,
! during his recent visit to Toxic, and
! 1t Is understood that some plan of co.
operation along broad lines is now be-
| ing tentatively elaborated by represent
alive Japanese commercial leaders
| Although the Russo-Japanes alliance
which calls for mutual cooperation
In the defense Of their special inter
osts In China is actively In operation
thcro Is no present proof of prevail
ing fears that Japan will Permit the
alliance seriously to prove inimieal to
/ the economic interests Of America.
Cooperation Favored.
The new idea of cooperation finds
| favor both In governmental and non
official circles 1t is especially en-
phasi2ed by Viscount Keutaro Kaneko.
member OF the privy council, In the
| october number of Chuo KOron or
Central Review Niscount KGneko, |
who knows the United States very well
and knows good deal about the tenn
/ permanent OF the American people,
comes out flatly In favor Of an eco
monte alliance with the United states
In respect TO China. His reason is ,
that a program of harmony and UNI
derstonding would avoid needless |
competition ana work to the best in
forests of Japan, the United states !
and China lie said: Japan might
make temporary profits by dumping
her commodities In China and driving |
away American goods from that mar |
ket but such an act would hardly i'm |
prove the relations between Japan 1
and America" As he saw the situa- /
ton they had much better define their |
respective spheres OF economic activ-
iV As an instance he suggested, that !
Japan might monopolizo the small |
hardware trade In China and leave to
Americans the market for nails. iron
pipes etc. In cotton spinning the
Japanese nigh sell coarse threads and
the Americans might sell fine threads.
II is by such means that conflict OF
interests could be avoided. And he
added III such an effective economic
alliance be concluded, agintors may
do what they hkc--there win be no
fcar Of conflict between the two
countries"
Turning TO the question Of immigra-
ton Viscount Kaneko expressed the
opinion that II the Japanese immi-
grants in the United states are mis-
understood there It is largely their
own fault They are not inferior TO
European immiennts-they are
thrifty and humanc--hut they should
adopt American customs and manners
anu strive to harmonic with their
white neighbors instead OF living =
NE apart II their cost of living is
increased they could overcome that
10y selling their products at the same
prices as the American farmers and
Traders instead OF undertaking them.
Thus they would root out another
cause Of nl-feelinE.
Association in san Francisco.
To accomplish these reforms Wis.
count kAneko sueeests t,. so,..,.. -.