It should be borne in mind that he is not a citizen. he is an exploiter in a small way who comes to take back to China with him most of his earnings. That explains the attitude of Great Britain in maintaining the silver standard in many of her oriental colonies. Mining and agriculture are conducted there on a large scale. and almost all the labor is performed by Chinese coolies. They go there under contract. they are accustomed to the use of the large silver dollar. they know what it means in Chinese trade and Chinese civilization. and Professor Jenks. in his report. says the coolies are so ignorant of the operation of economic law. that notwithstanding the depreciationthe decrease in the purchasing power of the dollarthey do not know where to locate the difficulty. and therefore the planters and the mine owners continue to employ them at a fixed price and to pay them with the constantly depreciating dollar. greatly increasing their profits by the operation.
Identified stereotypes
Chinese coolies are exploited and take earnings back to China.