Japan is an object lesson, her approximation to the gold standard has caused in the Empire an augmentation of the compensation of labor.

This is not wholly due to the change in the standard.

The war with China, the increase in the army and navy, and the absorption of laborers in Formosa, the new country of Japan, have combined with the higher standard of value, to elevate wages.

All facts are of primary excellence in the formation of the policies of nations..