Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-11-28
Washington, d. c., Nov. 25.-An ef-

Washington. d. c., Nov. 25.-An ef-
fort is to be made at the forthcoming
session OF congress to stimulate trade
between the United States and the
Far East. It Will he based or the the
Dry that there must lie 4 sort of va
cation of trade with Europe ana 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 Eu-
rope. First, the foreign. exchange sit
Nuation practically forbids extensive
purchases by European nations from
the United States. This Is because the
European currencies are SO badly de-
preciuted that u disproportionate
amount of the foreign MONEY Is re-
CURED to purchase a dollars worth of
goods In the United States. Second,
the American protective tariff is SO
high that European manufacturers
cannot ship much here, pay the tar
iff, and still compete with the goods
manufactured within our borders.
Therefore. there is d check on both
outgoing and incoming 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 ihdica-
tons are that she will look toward
Asia. s
The Asiatic countries do not manu-
facture goods In the same vast vol
unle that the Eur6Dean nations, do
Japan, it Is true. rapidly is forging
ahead as a manufacturing state, but
her population. her facilities and he,
manufacturing skill have not yet de.
veloped to D point where they car
supply the 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 manufactured goods fol
which a market car be made.
These circumstances invite a deter,
mined effort on the part Of the TINTED
states to, develop the Far Eastern
market and, in all proba bility, con.
gress Will suggest that either existins
machinery, such as the bureau OF for
eign and domestic commerce., or some
new agency make a special Study o,
increasing trade between the United
States on the n hand and Japan
China. the new states OF the. Siberian
territory, Australia, New Zealand, tn,
Dutch East Indies and the islands o,
Malaysia and the South Seas, On thu
other. u, .
China's Purchasing Power.
Population makes markets. Befor.
1Columbus discovered America. Amer,
ica was here but did not figure Ii
trade. Indeed, FOR rtiatly years aftel
the discovery. america was not q mar
ket. The country was here, but n,
people to buy. The vast republic o
China has d population Of nearly 450,
100000 persons. fh6 tinted State,
has only some los; 00o,O 900. IT. il tru,
that the Chinese are not so wealth,
as the Americans and therefore tn
individual Chihaf1aht cannot buy a.
much as The Individual American, Blu
there are more; tfiah four times d
many Chtnamen 70 there are Ameri
ca ns and IN the thggregate, they rep
reseAt = Remendou purchasing pow
Oriental countries are added, q tota
Of many hundreds OF millions Of pros
peetive custokners u found.
They are not, primarily, manufac
turing peoples They produce vas
stores OF raw material and consumi
vast stores of IiAtttfa etured Hoods
The situation ii ideal to develop traa
ing--and there 10 sle44s derangekneht 8
foreign exchange Between tbeNorien
and the United States than between
Europe and the United Skates.
Whit Is Of espeeial Importance i,
connection with the Ipbulldink %
trade In tho East is -the rapid stride
which SChina has made towardspros