22nd November.
Proressor J, W. JENKS, whose efforts to persuade China to adopt a stable currency with a gold basis will, we trust, in the end be more fruitf.l than they seem to be at the moment, has written an article in the October number of the "North American Review," with the title, "How to Extend Commerce in the Far East." The precisian might suggest that a more appropriate description of the article would be "The Extension of American Commerce with the Far East." It is especially addressed to Americans, bub the advice that Professor Jenks gives is valuable to all who trade with this part of the world. An outstanding feature of his advice is that it is eminently practical; naturally it is not all original, but ib is valuable as being the adaptation of well-known principles to special circumstances, Professor Jenks begins by pointing out that economic science must be based upon actual business; and "it will be assumed also as fundamental that business is a complicated subject, requiring intelligence and training to understand it thoroughly, and ability, often of a very high order, to conduct it successfully on any large scale. The needed training must be gained in good part in actual touch with business itself, but the training in a business house may, doubtless, be shortened, and likewise made broader and better suited to modern operations on a world-wide scale, bj preliminary study in special schools and colleges adapted to that end." The English clerk asa rule gets all his knowledge of business at his desk as he gradually rises to higher positions. The American clerk no doubt saves time by the study of business principles at a college, and he should make a better business man; us the youngster who has studied the theory of engineering before going to work in an engine-room makes a better engineer than he who has learnt all he knows about engines in the engine-room itself.
Professor Jenks "requires a very good grounding in business principles commerce. elt ie generally. concede in the young man who is going into
ed that, besides the [principles of
Text read from the printed page and cleaned; old type leaves the occasional error.