Proceedings of the Mining and Metallurgical Society of America, Vol. 14 (Classic Reprint)

Download or read book Proceedings of the Mining and Metallurgical Society of America, Vol. 14 (Classic Reprint) written by Mining And Metallurgical Societ America and published by Forgotten Books. This book was released on 2018-02-12 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proceedings of the Mining and Metallurgical Society of America, Vol. 14 America. This limited spread of luxuries and comforts is as true of the regions and districts of sparse as of those of dense population, and it therefore reflects a true, not merely an apparent condition. AS compared with equal areas of either Europe or America the great stretches of Asia do not have equal resources, either developed or undeveloped. Belief in the richness of the East is, nevertheless, firmly held throughout the world and is a powerful factor in Shaping the political and commercial policies of most nations. It is true that in recent years it has become customary to dilate more upon the potential than upon the present richness of the Far East, and to formulate trade policies more with a view to anticipated returns than in time to be included in the next trial balance. That trade with the Far East will increase may be reasonably anticipated, and out of it profits will be made, but there are excellent reasons for discounting the rosy predictions that have been common in recent years. In considering trade prospects it is necessary to keep in mind the truism that buying power is limited to selling power, a fact recently driven home to us by experience in Europe. It is not merely necessary to teach the Oriental more needs; he must also be shown where to find the goods with which to pay for what it is proposed to sell to him. That trade rests on exchange of commodities is as true in China as in Chicago, and unless it be on this basis it cannot long continue. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.