Philippine Islands. a province or more in China. and if it was Russia that succumbed in the conflict. we will take some of her Siberian .territory. or if it was England. we shall add islands in Australasia. or if it was France. we shall take some of her possessions. preferably in Africa. and shouldGermany be the unfortunate one. we will despoil her in the Pacific. This. then. is our gain for commerce. for our surplus wheat. cotton. oil. iron and steel. and their manufactures. But the wheat fields of China and Siberia are nearer than our great Western plains. and they are tilled by Asiatic labor. with whose low wages. our wheat growers would starve. The cotton fields of China are white with Asiatic staple. and the cotton of India is nearer than that of America. and by the law of cheaper products and cheaper transportation keeps American cotton out. hen you have cut the Nicaragua Canal. Indian cotton is still cheaper in your new possessions in China than American. The coal and iron of China. developed by European and American money and skill. is supplying the demand for iron and steel in our new domain. and Russian.