China By Demetrius Charles Boulger































































 -  Our Pacific
States are possessed of enormous natural resources; their manufactures
have quadrupled in twenty years, and will, in the - Page 690
China By Demetrius Charles Boulger - Page 690 of 704 - First - Home

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Our Pacific States Are Possessed Of Enormous Natural Resources; Their Manufactures Have Quadrupled In Twenty Years, And Will, In The Course Of Time, Find A Most Advantageous Market In The Far East.

When the Nicaragua Canal shall have been dug, the Atlantic States will also be brought into close connection with China and with the rest of Eastern Asia.

The volume of the United States traffic with China already represented a considerable part of the foreign trade of the empire in 1896. While the imports from China received by the United States have increased but slowly, the exports from the last-named country to the Middle Kingdom have increased 126 per cent in ten years, and are more than fifty per cent greater than the exports of Germany to the same market. The export of American cotton cloths to China amounted to $7,485,000 in 1897, or nearly one-half the entire value of cotton cloths sent abroad by the United States. The export of kerosene oil from the States to China now ranks second in importance to that of cotton goods, and is likely to increase at a rapid rate. The Chinese demand for the illuminating fluid is quickly growing, and the delivery of it from the United States to China has more than trebled in value during the past ten years. That is to say, it has risen from $1,466,000 in 1888 to $4,498,000 in 1897. The Russian oil has hitherto been the only serious foreign competitor of the American product, but the Langkat oil is coming to some extent into use.

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