Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-11-15
CHINA BECKONS
WITH A" GOLDEN
FINGER" TO U. S.
1,,loan Arnold, of American
Legation at Pekin, Points
the Way
o,rAT TRADE OPENING

-, oxlst in China, says Juiea" +i 'O'u'
'.orcial attache Of the American 'eb"-
CONN pon,r He has been home ten weeks
uon + ,ortors about them starting IN at
teln'e ,or,n Of san Francisco and work
ps, Now he has reached Philadelphia'
ms ,-o,d is talking to the exporters not
MT ',rs He believes the bankers VIII
me readily enough when the eNpoIte.s
pnsn What he wants to DO now Is 70
beckUn, the men actually engaged IN trace
~, the place to put their eLlo,s ,s aou nt ' htr
w., is in China, II they Woulu se' Ois
',,,,n nv" on their investment
r . Afr. Arnold came here he put him
1s Wne ,be hands of tho Chamber OF Com
Fn ~ and he pays the chamber the COM
meo, ~ saving that II has given Phlladel-
plmsn GOOD habit that he finds all too
W.. the map habit.
,sr,,. ia the only city" he said today,
.-Asre found business houses using Freely
wn.o,id trade maps You ought to see
W. w English business men use them'
TIME RIPE FOR ACTION
Ar. Arnold says now n the time for
,.snr,ca 10 make a great inroad into COM
esarcaI China. All the other countries are
n.,' 's~,,n both in the way of capital and
u,@,r ueu ~ he saws. and America has an over
.hundance of both lying Idle, "China Is
,he place TO put It,
n. tells how China has bare 5000
~ of railroad compared to this coun-
nu s- 9io 900 and that regardless of the
,.ct that China is larger by one-third'
.IIer notentlal wealth is immense. She
g.. tremendous quantities of coal, and yet
has 10 import coal from Japan. she mas
10, and lead, tin, zinc, antimony, manga
nSss-vtrtually all the ores in tremendous
arontitv. The trouble is they are unde-
sssIoned and China needs help and money
10 develop them.
"sbe needs railroads and mines particu-
,sr,v She is willing to grant America
concessions to get these. II American capi-
,aI was nut over there America would have
tha control of It. There could be American
engineers TO see that the raw materials
,sIen from China went first toward the
,.ward OF the capital that got them out
sbe could stipulate that American products
onIv would be used in their development.
at is a great chance to establish Ameri-
can standards In China; our machinery,
our men our methods But 1t must be done
now, II we walt till this war is over and
other countries get free again to pay at.
tentlon TO this sort of thing, they will step
IN. and it's pretty sure that the one who
soes first will stay, for the establishment
Of standards makes II pretty certain that
these standards will continue to be fol-
lowed.
opment; she needs TO build railroads and
she needs to build mines. The amount of
undeveloped wealth in China is staggering
10 contemplate, and the only reason Amer
lea can't share in It is because she won't
70 after It. China is perfectly willing to
come half way. The concessions she will
grant American investors mean good busi-
ness for her, for she needs these investors
before she herself can prosper"
WHY AMERICA is FIRST
Mr. Arnold was asked why China prefers
10 have America open up her industries
rather than any other foreign power and
be gave these Ave reasons:
First The United States has never ac-
CURED a sphere OF influence" in China
and thus has never violated China's terri
torlal integrity.
Second. No American nationals have ever
engaged In the opium traffic.
Third. The United States has stood con-
bstenty for the ''open door"
Fourth The United States returned the
s1l,OOOOOO indemnity following the Boxer
troubles.
Fifth The American missionaries have
created wonderfully good opinion OF
America
Mr. Arnold remarked that exporters know
exactly what they have to face in the way
Of tariffs Five per cent is the absolute
maximum and 1t will stay that way. There
Is no meddling with tariffs there, he said,
THE thing to do" he advised "is either
to create new organizations or WORK
through such existing organizations as are
now there. The National City Bank has
taken over what was formerly the Inter
national Bank and is prepared to handle
any project"
YELLOW PERIL" A MYTH
Mr.. Arnold was reminded of yellow
peril"
It's foolish to fear such a thing" h,
said, FOR China has so much to do a
home as all the Orient has. that it will b.
centuries before they can make a complet,
,ob OF It. They can't do it all alone, ant
y means money for those who work will
them. II will be a shame IL America doe
not realize this thoroughly. If we do no
some other nation will. and the loss will
pe ours. China's foreign debt now Is onl,
teVO'OOO,O 900. and this is not much whel
you consider her tremendous population.
shouid say most of that is held by Eng
iand Great Britain's trade is pretty wei
organized In China, but there is yet tn
greater part of the trade to be created an
secured, and England is too busy to do tina
now 1t is Americas chance"
MT Arnold was asked to compare Phila
oelphia as a port for Chinese trade wit
such port as San Francisco and an
swered sSed that II was Just as good, despite III
sVvo miles across country.
me Panama Canal has changed a
mat he said, "and for purposes
Sninese trade the Atlantic ports are no
near as the Pacific ports"