Tin: oiu:gon sunday journal, i-oiitland. Sunday morning-, dllmber 5, icod
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,11
A Talk With Japan's j. Pierpont
Morgan, Who Gave His .Nation
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OST mighty of the mikado's moneyed 0hey art -with jlit practical analysis which
men,. Baron "Eiichi Shibusava, ch a veteran banner ana xnauupa ortamtcr
the Pierpont Morgan of ihiEast'frereminenth qualified to make of the. lead-
t . 1 ,. 1 . 1 , v w , " 'irtp- features or. our irans-racipcjraae, rise w
chairman of the royal Japanese commission , ; t:ma .
-, . 1 , ' t . S-r : j , 1. ajevel of supreme importance at this Jtme.
that has been touring the Zfatodf alphas Bann dhMsMs inern are. presented in
as to the future relations between this country
and Japan, 'v.;- .,
lie predicts two. things certainly for the
future: . , '
FirstImmense ' development - o s f A
TtfJtf relations between the two countries. '.
Second Continuance of peaceful rela,
workable career, although he might xvelL be
classed as the Aramis of those other heroic
-Three Musketeers of JapanIto,-Okumd
" and Inouye. ' v . " - -- ' . '
TAij statement tcomes X from '. the one
leader, of all modern Japan best qualified to
forecast the future immediate and remote..
It is iust as imtortant to Americans as would :
;toj j 0 matrer.or course, attenaea oy much, be, to the Japanese, some carefully thought
more intimate cordiality as a consequence of out opinions on the Same subject, after months
the more intimate' trade relations. of tainstakinv investigation, expressed in
As for the remotest possibility of warf Tokio by J. Pierpont Morgdnif J. Pierpont
Baron- Shibusawa studiously ignores it. Morgan were ever to consider the possibility
.These twin forecasts, supplemented as , of an interview.
1
U
life J - . -imh zHmh m m K- : pmn3s .
' -VJ Sfelv ,:t ' 1 ' ' - t1 i- !:!:'--;! J
' IB 1 1 " cl 1 Iff
If " v-iiS S? ifi If ; "Under thees
Iff! ' : 'irT;-- fJiJfrf'f I
,t i I il o.tjy '
"We," said the baron, "must go hand In hand wit
yoU in dbVf loping the vast field of the East. Living1 tn U14
East, si we do, we naturally claim a certain advautacn
over you in the eastern market; but, on the whole, your
: countrymen etand on vantage Kround, for you have chtu
and abundant capital at your command. Then a.-iin, 111
' elcllled mechanical labor and industrial organization
are simply an apprentice to you. Yet I may be allow p-t
to eay, on the other band, that to a certain degree we
have a better knowledge of Ciiina and other parte of thu
circumstances,
that
your cheap and abundant capital, coupled with our better
insight Into local conditions,
first Mshhnj
BARON SHIBUSAWA il the Incarnation of the say,
tar that bankers look alike the world over. He
Is now 70 years old and baa the small stature of
., the average Japanese... Multiply htm by one, and
; ' a half, and the beholder would gaxe upon the typical
. American banker's figure, broad of shoulder, portly
yet not fat. With, features habitually set In the re
served, conservative, cautiourf, lines the banker ac
. quires when his career has marked him. for its' own.
. Again, like many great bankers, he comes straight
from the soil. . His family was engaged in husbandry
and indigo manufacture by hereditary occupation. He
broke away, from the family traditions .while still a -boy,
arald the uprising" cf , the samurai and the revolt
against the Shogunal maladministration.
, . Betaking himself to Toklo, he studied the Chinese
classlos.and the art of fencing in the good old way.
After associating himself with samurai ef various
clans, he swore allegiance to the lord of Hitotsubashl, ,
one of the six principal branches pf the Tokugawa '
family. r.;,,;;T T,"-ZC ' : , C. '-:J.... ; ' Z.
, lie was a powerful factor In the successive reforms
and developments of Japan, and he has been the fore- '
most pioneer in all the opening fields of commerce and
1 Industry. :.;,. : . - - r '
' "When he reached the age of 70, this year, he de
cided to Jay aside the scores of responsibilities of pri
vate enterprise and publio office that weighed, upon -him,
retaining only the presidency of the Dai-Ichl
Ginko, Japan's first national bank. That Is the Insti
tution which, at the beginnings of Japan's modern
financial history, held to the government finances
something of the relation of the Bank of England to
those ef the British government. . .
He Is still .regarded as the great authority In,
Japan's financial and sconomlo problems, and as the
chief counsel to be called upon in works of publlo .
utility and of important charity. . They look upon bint
in Japan as the adviser of the nation. ; . , , ,
studied.' Japan has lumber of its. own varieties, but it
can readily use big pine and cedar for boards and for
the building of houses. :
.. "At one time wheat and wheat flour seemed to offer
?ood prospects for the Japanese market. But in the
uture the probability of competition with the grain
f rown in Korea and Manchuria materially lessens the 1
ikelihood of its profitable importation from the
. United. States. -V ....
- "In cotton, on the other hand, an extensive market
offers Itself in Japan. We relied at first, In starting our
cotton mills,' on the material grown ' in Japan and
China. J But since 1892 we have imported largely from :
India. During the last ten or twelve years American
cotton has been taken in growing Quantities. I am -certain
that if American cotton merchants would de
vote adeauate attention to th neculiar reaulrements .
ox tne cotton mills in Japan a fai
Deakinr srei
Americans are behind some of the European nations In
far lararer auantltv of
raw material could be shipped than we now buy here.
jeaxing generally, i- reel oouna to remaric tnat
studying the requirements of the far eastern markets.
' Take the Germans, for example. They send well
educated representatives to Japan,' who learn the lan
guage, go among the people, adapt themselves. to the
manners and customs of the land, and so push their
businesses with intelligence and energy. It is not done
by Americans. ' , . vv... i ..
"I am well aware that the American lack of Inter
est in foreign markets is due to the possession of an
extensive market,, in your own country, one which
nearly suffices for you. But if Americans want to
cultivate foreign trade. It is only fair to observe that
they are not pursuing the right course. For ourselves, .
If Americans can -.sell anything to us -more cheaply
' than, can others, we wuld sincerely . welcome them.
SILKS AND SILVER
"Among the Japanese exports to the United States,
I believe that our silk 'and Bilk fabrics could be in
creased. Of course, it calls for study and experience
. on the part of our producers to suit the American
taste and needs. If such a care were exercised in the
.manufacture of pottery. and earthenware, I think we
plight count upon an increased trade In those products.
N 'Then there Is new trade to be created by us Jn the
export of silverware for table use In America. , We
have very high-class -designers In silverware, and If
our manufacturers can secure the necessary experi
ence in the needs and the tastes of American homes,"
they should build up a profitable export trade to this
country. ,:
."There can be no question that ths trade between
the two countries-must increase greatly In the future.
I see everywhere in the United States signs of rapid
'increase in wealth. Japan also is a new and rapidly
progressing country: its wealth is growing, and will :
continue to grow. The consuming power of botli peo
ples is expanding, and at a rapid rate. If their mutual
, trade relations be carefully cultivated along the lines
I have ' remarked, I ! have no doubt the volume of
business will be speedily enlarged, although I cannot
-.attempt to specify the rate at which it will expand.
. "The balance of trade, I think, will show a quick)
growth in America's exports to Japan than Jn Japan s
to the United States. WhyT Well, we are making
great progress tn our Industries and we offer a wider
field every year ip the .utilization of steel and all,
products of steel. Although Japan' produces a certain
quantity of iron, the home supply is wholly Insuffi
cient for the home needs. If the United States will
only undertake to furnish steel to us cheaply, there
must develop a swiftly increasing volume of such
exports to Japan."
"How. long will it be before Japan, through the
crops available. In Korea and Manchuria, will regard,
herself as being self-supporting?"
,"I cannot say how soon that will happen, or
whether the cereals produced there will suffice. All I
can say is that, in my opinion, wheat and the1 other
cereals can be imported from those countries Into
Japan more cheaply than they can be from America.'
my only
may make us- start business
under co-operative efforts. I must not, however, be mis
understood In saying this as meaning to exclude others
ironi tne neia. . , ... ;
"With .regard to the 'Japanese question in America."
al it was phrased to me by AmericanJTrlends, I may stata
that the Japanese business men eonsider the restrictions
of Japanese emigration to America now.as I understand
it, being enforced at our initiative a .good thing, because
that Is the logical outcome of the changed economic and
industrial condition of our country. Owing partly to the
growth of our industries at home, but . more largely to
the exodus of our people to various foreign countries,
there has been a strong tendency to the' appreciation of
wages, which, naturally, threatened those who have a
direct Interest in our industrial undertakings. -
"Moreover, the demand for. our labor has been con
stantly growing, since it has happened that we have
become responsible for the development of Korea. la
Formosa, too, where we are fast subjugating wild tribes,
a great deal of our labor Is in demand. - Hokkaido, thn
northern part of our own country, needs to be developed.
Above all, Japan herself has to grow as an Industrial
nation. As a business man, therefore, I regard the send
ing out of the cheap labor, to this or any other fore1jrr
country, as a grave disadvantage to our home industries."
City of Sunset '
VfAHE golden waves of heaven beat
I All noiselessly along the shore,
-- , Where angels kiss with flaming feet
The isres of emerald evermore: '
And pour from ivery vases wins ;
The aiure sea V incarnadine. ' !
Ths argosies of dreams are there" .
With gorgeous sails and pennants stained
By blood of conquest; and they fare
Beyond the ports of fancy falned
To havens whence they laughing left
Ths human heart with waiting cleft.
WILLIAM MOUNTAIN.
111 J vi II V 1 I
ElSENGEP
APCIA WHO HAS
JIEATHED MIS SWDDD
W
. CONNECTED WITH SIXTY CONCERNS
It fa this leading- authority of thnew Japaa who,
lllltll a flr' tnnnthsj k te AAnnaAt with ma
" .Havuhusv SkS;V VVMWW tliiU UJVI W 1US1U
ixiy BSQKinsr ana inaustrtai entemrises ss oresident.
luirtcHrr r sarisory expert, now reviews' tne present
and future trade relations between the United States
and Japan.. His litis of baron dates from May, 1100.
. when he was created a peer In recognition Of his
services to ths state. It was the first Instance In which
s distinguished sn Imnerlal favor has been extended
to a private business man In that country.
While he talked he wore ths insignia of the Second
" Order of Merit, which accompanied his elevation' to
oourt rank. v - - 'V
- - "Japan and America," said Baron Shibusawa, "sepa
rated as they are by only a dwindling stretch of
water, must go hand In band In building ep Pad 11 0
trade. Commerce la th fcarhin trmv rri.njt
tlons, and ws may be assured that it should certainly
lead to the strengthening nd permanence of tbe close
friendship already existing between the two countries.
"No one can overlook the vital Importance of such
relations between Japan and America," he added. "It
may esslly fee eeea from the steady growth of tbe
demand for American product lo Japan and the KuL
The affaire rf both countries are eo closelv interwoven,
end one effects the ctber eo eally. lhat your pros
perity Is cur ,rperllr. whlie crneotinces ef your
econfrnt dpr!on are keenly flt br our market "
" het, in your riPlfn." he beria wee eked. 'wi!t
be the licet ilonf wt.l the trade between tbe t
cour'ri wiii lntrer-
"Wi'hont sme r)ee tlf-nl Ifiulrles" be r-
F!d. "it te l-"ro!h'ie t r if.nHiv eict!r hit
mrchndie It would be rrof.tsbie to e4 to Japan tt
lirrl eur.iltie. Put, r-ki!C r,',hMni, j rry
r that eil mlr'1 in r"r1 h"oid j. r r. f 1 .
bie exports from the "m4 H Frr e-"j'.
r-M at the ttt k,r. mrf( t-er- aut.r-.--.
f'rrw.rl t't ' . tr.A l,,r-
"- ili K 5f"r Ib Jhj-. ,f 1.,
retirements cf the .'jRete ir-ee't Wert cirfu "y
HEN Major Andrew Summers Rowan, of
the Fifteenth Regiment of Infantry, re
tired recently, one of the bravest and
' most capable officers who ever wore sol-
. dier straps heard "taps"- sounded 'on his military
-career.." " .:. v
The major first burst into fame as the "man.
,who carried the message to Garcia, shortly before
"the opening of the Spanish War in 1898. For that'
heroic feat he became the idol of the army, and has
since been held up to the younger , generation in
every walk of life as 'a" glowing example" of the
man who knew how to obey-orders. -;
Elbert Hubbard, the sage of East Aurora, N.
Y., annexed fame for both tbe major and himself
by making the exploit the subject of a sermon in
f)amphlet form, which circulated throughout .the
ength and breadth of the land and became a house
hold 'story. -. .......
- 1 After his meteoric debut the modest major re
turned to bis regiment and continued to fulfil bis
duties as if notbitg had happened. lie bore his
honors easily, for any talk about his being a hero
was all both, he claimed. ,
While fighting in the Spanish War, and later
against the wild trihrsnvui cf tbe Philippines, tie
major won further distinction. Lately be has been
prating quietly with hie regiment at Fort Douglas,
Uth, but ricg soh inactivity irkwme be re
signed from tl twrviry. ,
Jle could ;bt, and rnjtd it.! Rut be uljn"t
idle away bis time with rl"aure. Wasn't be V'
rnan to carry the? rvsgi:e to Garcia! "
O W
1 1 in 1 1 mmtkmmmmm"' '
MAJon no'
try Ara
r.ex ef
"AJOn. KOWAV wae rradsatd frn t)ie mlll-
' Aradrcy at TTeH roiat ia Jttl tti
b4 lieutenant In te N nier.t
Inrantry. lie ret oaietiy abit itair.ieg te
Jie ' f '"I. 4 is he f(M rf llTto
np te tie trti l.ei'.rj,y. h.l to a er ttaU cf
him mm war was declared againat Fpaln. Then came
the great opportunity, and he made good.
It was this way. The first move of the War Depart
meat was, naturally, te get Is touch, with the Cuban
rtn;, learn from them the exact state, of affairs on the
Inland, and arrange for their eo-operalioa with tbe
1" pi ted Statee forces after thej should effect a landlrg.
It was a aVlk-aie taxk. and en that cowkl be accom
r;!ied oriJy rr a tr5e man. wt a qtrtctf. remjrcf ul
4 wrtTrll'e Tn Oeerl Mieo deaitd
iMvfmnt tnr th wr. and. ss later events
irTel. t'o t r.rM nun.
At t-e 'tNur Tarrttn'r-t tijtrrt wa siven a
eiii t-er A :wiM t General t'a"It flafla, t .
r4 '4 th It M'rt.i, an-1 K tht-l 4 Ma rre
e.ta es cartf.;: f .airel te tarn, fcj far, ee rxi;
but nobody knew where Garcia was. except hie men end
himself. That made no difference to Lieutenant p.owaa.
. ne sailed for Kingston early in April, lift, and
the 23d, after a long wait, trustee kim-elf to a band
ef rough-looking men. entirely unknown te ftisa.
Crossing Jamaica la a day and a eight, the lieutenant
a h'ddeo on a eaKWoat t charge ef other galrtes.
Cuba was lee mHee to te nrth, r.1 the entire ot
waa being earefuilr patrolled ky Kprnlardi It laurce.
but Ike jarty aorreiet la running tt.e gaun'iet afe t.
fnre on the t'uhan ,(-or. Ruwan ia lti(' ef r!a?a
ef g'lidea, w ho eeemed t ar'ntf tmm t'ot-ere. et ..t
fr -t ihi-urn a wf'd. traii e e"itntrt. IM4
wl'B trariPb nee at every f-rt e-vefal frr r i
tn tff.ffci rim hie fl n"on t t '
f'i'!'e " iu h'm liar-la tal e'ak-i
with, that wi'.y la-!er esl n t ff a .), t- t.e
; toward the northern shore. All the time Rowan lived e
baked sweet potatoes and had to keep to ths underbrush,
for had he fallen In with any Spanish troops, bearing
such dispatches as- he did, the whole party would hav
died the ignominious death of tbe spy, The last stag--
of the journey was mads in a rowboat Finally, aftr
narrowly escaping drowning In a stormy sea. Rowan
arrived at Key West, where the secretary of war and
General Miles anxiously awaited him, . At the hotel
Rowan made his report and received the hearty praise
ot his superiors. . . ,
The lieutenant's - reputation was made." When he
heard of It, ths astute Elbert Hubbard took up his prri
and elucidated for his countrymen ths valuable lesson
to be gained from Rowan's unquestioning obedience. H-.i
' declared that ths greatest need of ths times Is young
men of that stamp. v.: ; .
"Whet you are told to.' do s thing, don't stand an1
sak foolish questions, but go and do it; carry the me
ssge to Garcia." he said. Millions of copies of this Utile
sermon were distriouted. Prominent business men a I
over ths country took It up, end. soda Hubbard tecum
as well known in connection with ths feat as Rowa-i
himself. , ( , . .
WOULD NT POSE AS A HERO
1
During the rest of the Spanish War Rowan acqu:;tel
himself nobly as lieutenant-colonel ot tbe Sixth I'-! 1
" States Volunteer Infantry. Others might think lAxn a
hero, but he had done nothing but what h was &r.i--r ',
and there was plenty snore to be done, he tulj hii 1
mi re re. . " -
After the short but decisive etaah with Spain, r. ,
' now a captain, continued to reap laurels with the I . -
eenth Infantry tn the Phlllpplies. For s while h v
under a cloud for having burned a"nat!re vi. i .
inveatigstlon prm ed that, as usual, be had !.:. t
. but his duty. It turned out that a'mlv, y ).,,.! e; .
' the camp of the regulars to murder the tapi.'ln. 1! 1
'that, once their leader was out cf the way, t:.e t'.
would be thrown Into such disorder tnat a Ni' 1 if '
"" gtnts r.earby could make short work tt thrm. I'
the spy k"Jed'a corporal fcy mistake, ami i "
surgents sdmneed tiiey got a nnrni t? rf -. .s
fifty cf the en my were ki'.l. a ?. ! ;
spy, were raptured, and Ibeiir t n waa f. r- i 1 4
H goe without eayieg that r T: ,
' exonerate from eny charge -f 1 t '
lately Rani f-aa teen r r s r .
rifleeiitk Ir.faniry at Fort I .. t ' !
la one ef lr eee men hfi tnuf' a .
taak rei'i!rtrf tle .! e.f t a 1 ' r t . !
to r be er-wtent wth rn.tr h a 1 t
4wf, e -e ve- r- r- , - - r -
n r 'el ea 1 k f"4 i I" '
f I; 1 f i,T- )- " -
ecV.er H a tf-. " -- -. s
kt-cr art a ' : u v. .r j