Every evening, Wilmington daily commercial., 1922-11-28

Washington. Nov. 2S.-An effort u Z
70 be made at the forthcoming session
OF Ccngre~s 20 stimulate trade be
tween the United States and the Far
East. II will be based on the theory \
that there must be a sort OF vacation /
OF trade with Europe and that. mean |
while. The United States must ind and /
develop a new market for her large
surplus.
All the world knows that two strong
clements prevent much trade with the
grea, manufacturing powers Of Eu-
rope. First. the foreign exchange eitua-
t!oa practically fcrbi,ls extensive pur-
chases BY European nations from the
United States. This Is because the Eu-
ropean currencies are so badly de-
preclated that disproportionate
amount OF the foreign money u reqcir-
ed 10 purchase dollars worth OF
/ goods in the United States. Second, the
| American protective tariff is 50 high
/ that European manufacturers cannot
ship much here. pay the tariff, ana
! still compete with the goods manufac-
tured within our borders. Therefore,
there is a check on both outgoing and
/ incoming goods-the two currents
which make up foreign trade.
The United states : 80 attuned
!ndus,rially that 10 attain her great
est prosperity she must sell ne sur
plus OF her MANUFACTURES abroad. II
she cannot sell TO Europe she mus
find another market. The present in
d!cations are that she VIII look to-
| ward Asia
The Asiatic countries do not manu-
! fac,urs goods IN the same vast volume
that the European nations do. Japan.
IL is true. rapidly r. forging ahead as
a manufacturing state, bucher p0pu-
lation. her facilities aid her manutac-
turing skill have not Yet developed 20
A point who're they can supply the
/ whole OF the Far Eastern trade. While
China'has made rapid advances In the
last decade. she still is too far behind
20 supply herself with all the manu-
factured goods for which market
can be made.
These circumstances invite a de-
termined effort on the part OF me
United States 70 develop the Far East
ern market and, In all probability
Congress viii suggest that either exist
ing machinery such. as the Bureau OF
. Foreign and Domestic Commerce, o.
some new agency, make a special study
; Embarrassing trade between the United
States on the one hand and Japan
China. the new states OF the Siberian
} territory. Australia. New Zealand, th'
4 Dutch East lndies and the islands
D of Malaysia and the South Seas. OF
2 the other.
Chlna's Purchasing Power.
Population makes markets Befor
j. Columbus dlscoveted America, Amer
lea was here but did not figure II
trade. Indeed, for many years afte
the discovery, America was not
market The country was here, bu
no people 10 buy. The vast republi
Of Chlna has a population OF nearl
450 00O. 900 persons. The United State
has only some l05,O00,Oo0 II Is tru
that the Chinese are inot so wealth
as the Americans and therefore IN
individual 'Chinaman cannot buy a
much as the individual American, bu
there are more than four times
many Chinamen as there are Amer
cans, and, in the aggregate. they reI
resent a tremendous purchasing powe
When the peoples of the other or
entail countries are added. a total
many hundreds OF millions OF pros
pective customers are found.
business ventures themselves, but er
gage managers, generally men VII
have been closely associated Wit
them IN politics"
General Increase In Prosperity.
This indicates that a new era ha
come in China and that it is turnin
from the ancient pastoral nation
IS. was into an Industrial hive which VI