LABOR, INTELLIGENCE AND MONEY 101 



duction, because, in spite of all these facilities, she has none 

 of the antecedents, intellectual, political, financial, or me- 

 chanical, for large scale production under modern conditions, 

 since she possesses none of the instruments of commercial 

 greatness and social well-being. Twenty centuries of sta- 

 tionary policy and of looking backwards have made political 

 progress and economic development impossible for China. 

 She has remained in industrial infancy. Lacking organiza- 

 tion and all that goes with organization, production on a large 

 scale, aided by large aggregations of capital, and under con- 

 ditions which attract and ennoble the greatest abilities, her 

 agricultural and mineral wealth and her cheap labor cannot 

 save her. She is left utterly behind in the economic race. 



Our contractionists would practically have us put a wall 

 around the United States which would reduce wages and 

 prevent the working out of our destiny as a world power in 

 commerce, in finance, and in the great and nobler field of doing 

 our part in the advancement and civilization of mankind. 

 Situated as we are, between the great oceans, combining the 

 strength of a great land power with that of a great sea power, 

 we are pushing our way across the Pacific as we have already 

 done across the Atlantic. But this increase is small com- 

 pared with the increase that is destined to take place when no 

 question is being raised as to the stability of the foundations 

 on which rests this great industrial prosperity. With our 

 untold natural resources, with our inexhaustible supply of 

 metals and coal, with our great forests, with every variety of 

 soil and climate, with the most industrious, most intelligent 

 and most contented of peoples, working under the best con- 

 ditions of modern methods, we are destined to become the 

 economic masters of the world. 



