Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-11-28

Washington, D. G., Nov. 25.-An
effort is to be made at the forthcom-
ing session of congress to stimulate
trade between the United States and
the Far East. 1t will be based on the
theory that there must be a sort OF
vacation of trade with Europe and
that, meanwhile, the United States
must find and develop a new market
for her large surplus.
All the world knows that two strong
elements prevent much trade with the
great manufacturing powers OF
Europe. First. the foreign exchange
situation practically forbids extensive
purchases by European nations from
the United States. This is because the
European currencies are 50 badly
deprecated that a disproportionate
amount OF foreign money is required
to purchase q dollars worth of goods
in the United States. Second. the
American protective tariff is so high
that European manufacturers cannot
ship much goods here. pay the tariff,
and still compete with the goods
manufactured within our borders.
Therefore, there is a check on both
outgoing and ingoing goods-the two
currents which make up foreign trade.
The United States is so attuned in
dustrially that to attain her greatest
prosperity she must sell the surplus
Of her manufactures abroad. If she
cannot sell to Europe she must find
another market. The present indica-
tons are that she will look toward
Asia.
The Asiatic countries do not manu-
facture goods in the same vast volume
J fHSf sha NV --
it is true, rapidly is forging ahead as
a manufacturing state, but her popula-
ton, her facilities and her manufac-
turing skill have not yet developed to
q point where they can supply tha
whole Of the Far Eastern trade. While
China has made rapid advances in the
last decade. she still is too far behind
to supply herself with all the manu-
fnctt1red goods for which a market can
be made.
These circumstances invite q de-
termined effort on the part of the
United States to develop the Far
Eastern market and. in all probability
congress will suggest that either exist
ing machinery such as the bureau OF
foreign and domestic commerce., al
some new agency. make a special study
of increasing trade between the United
/ tfhSitSS VIZ liz oIt IdIit anu Bidysili
China. the new states of the Siberian
territory. Australia, New Zealand, the
Dutch East Indies and the islands oil
Malaysia and the South Seas. on the
other.
China's Purchasing Power
Population makes markets. Before
Columbus discovered America, America
yrs here but did not figure III trade
IvIen8 &C., 49, n1- rftn~ a. IL.
covery. America was not d market
The country was here. but no people
to buy. The vast republic of China
has Il population of nearly 10000, 900
persons. The United States has only
some 10000. 900. 1t is true that thu
Chinese are not so wealthy as thu
Americans and therefore the individual
Chinaman cannot buy as much as tht
Individual American. but there arc more
than four times rs many Cinnamon Is
there are Americans. and, in the az
gregate. they represent a tremendou!
purchasing power. When the peoples
of the other Oriental countries are
added, a total of many hundreds of mil
lions Of prospective customers is found
They are not. primarily, manufactur
ing peoples. They produce vast stores
of raw materials and consume vas
stores Of manufactured goods. Tn,
situation is ideal to develop trading ant
there is less arrangement of foreigi
exchange between the Orient and thu
United States than between Europu
and the United States.
What is of. especial importance il
connection with the upbuilding Of trad
in the East is the rapid strides whicl
China has made toward prosperity il
the last few years. Julian Arnold.
trade attache Of the department o
commerce. in a recent report on China
says:
During the past few decades wealtI
in China has increased considerably
4 Chinese banker tells me that g
years ago a man with $4,000 was look