Perth Amboy evening news., 1922-11-28

" lIldlldSo IAS pOSlllCoS NCiIloi 60
themselves, but engage managers
generally men who have been close
ly associated with them in politics"
General Increase In Prosperity
This indicates that a new era has
come in China and that it is turning
from the ancient pastoral nation it
was into an Industrial hive which
will produce ever increasing wealth,
the substance of trade. While this
part of Mr.. Arnold's report gives
only n side of the picture, the A.
crease in prosperity generally also Is
reported. He says:
LESS than 40 years ago the brass
cash, a coin, 10 of which equalled
l copper cent, was the coin of the
realm. Today, in Eastern China
that is, in the trade centers in con-
tact with the outside world-tho
brass cash is almost a curio. SO sell
dom is it seen. A coin ten times its
value has replaced the cash, indicat-
Ing the increasing purchasing power
| of the Masses"
Purchasing power among the
masses is what constitutes a market
and MIR. Arnold's report shows that
the vast nation of 450, 600. 900 China
men now have that. He also points
out that the last quarter of a cen
fury has just been an awakening.
The next rs years, in his opinion,
| will see a much greater increase III
|, prosperity and a multiplication OF
| the purchasing power of the people.
| At this rate. in a short time, China
may become as great a market as
Europe ever was, and perhaps great
er.
The introduction of American and
British capital and skill in the ORR,
emit has brought about the establish
ment of ONE substantial manufac-
turing concerns, but for MANY years
China's chief wealth must be in the
raw materials and natural resources
which are almost limitless. This
means that while she will have
wealth to command a great variety
of goods, she will not have native
skill to produce them. Such a stu
alton is precisely the proper sort OF
an opportunity for the American ex-
porter. America gladly will exchange
her skillfully manufactured good,
for the native wealth of China. Both
peoples will profit by the exchange
and the United States will have a
great new customer which perhaps
Will be OF more importance to us
bhaAi oAy COuHliy VI Europe OF eVell
all Europe put together.
Every aspect Of the situation Il
being studied by Government trade
experts and this winter it is expect
ed some important reports will be
submitted and possibly legislation
will be offered looking to facilitating
trade. During the last session OF
Congress one step was made in tna
enactment of the Dyer China Trade
Act. This provides for the Amerl-
can incorporation of companies do.
ing business in China. Heretofore
there was no way open for Amer
cans doing business there. to OBJ,
tain American characters and many
of them were compelled to take out
British characters.
An effort is to be made to give
American traders in China certain
exemptions from taxation which will
encourage them to develop the mar.
ket.
1t will be remembered that in thu
early days OF our foreign trading
the New England sailing masten
took their ships out to China will
cargoes of miscellaneous manufac
lures and brought back rich silks
tea and many another commodity
When the fast sailing clipper shiT
was developed. the China voyage wa;
made from Boston, New Bedford
Salem, New York, Philadelphia anc
Baltimore in so short a space of tim,
that the sea-faring world gasped. II
those days. the ships sailed acros
the Atlantic and around the Cape O.
Hood Hope. Now the American
China trade will move from tn
Atlantic coast through the Panama
Canal and direct across the Pacif,
from West coast ports.