American Public Opinion

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American Public Opinion
James Davenport Whelpley
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In this AMERICA IN THE FAR EAST 137 matter we cannot afford to be beaten by our foreign competitors; for the very welfare of the nation depends upon it. I would have all Japanese regard it as the foundation of our national prosperity. Should we lose China as a customer it would mean the ruin of our commercial prospects. " It is necessary to take the trade situation into serious account in any estimate of the present or future status of Far Eastern affairs, for upon this hinges independence or d...ependence in future relations with the industrial nations of the West. The inspiration in the Japanese expansion movement is economic rather than political. Her population is threatened with overcrowding, work for the people is a neces- sity, emigration to desirable countries is prac- tically prohibited by foreign antagonisms, money must be had to carry the enormous burdens imposed by her present national policies, as there can come an end to borrowing. The Japanese nation stands to-day in the position of a gambler, who stakes his all upon a single throw ; or that of a venturesome firm, which is feverishly doing a big business upon small or borrowed capital, hoping and expect- ing that the profits of the concern may bring everything right in the end.

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