Los Angeles herald., 1892-06-03

ceos OF cause oi failure. And Il 4
equally noceusaxy 10 the oonoumer that
what Sc consumoo bo brought 20 him a
the shortoat possible time and for the
least amount Of money. The United
States never can produce teas. ooffeeo.,
india rubber, dye stufs, rare woods
and other articles required BY
our people. We will always look 70
foreign countriee for much We need Of
there articles, and they must be brought
TO us by sea. This being 10, our success
will largely depend upon the question of
time in transportating them by water.
II tune, distance and money can be
saved BY making the canal across the
isthmuH Of Nicaragua, then II must be
built. And IL will be built--built under
the control of our government, because
the whole people need IL. Then this
vast producing region known as the
great west, including the valley Of the
Mississippi, instead Of being isolated
from the trade centers OF the world, will
occupy central position between the
countries Of Asia and the rich and pop
ulous portions Of Western Europe.'
In conclusion, Mr.. Estee said:
think Of what this canal would accom-
plish. It would shorten the distance by
sea from tho Pacific side Of our country
to the Gulf and Atlantic states about
10000 miles; IL would increase the trade
of the Pacific with the Atlantic side OF
the continent; Is would all our markets
with the products of al the Asiatic
countries. Its construction would bring
into our countries all the products Of the
Pacific islands,. now largely controlled
by Great Britain; it would make New
York and New Orleans 1000 miles nearer
Yokohama than Liverpool by the Euex
canal. The Importance Of this trade, 90
secured, may be noted when 1t ID known
that the foreign commerce of the
countries fronting on the Pacific
ocean is more than one billion dollars
annually, and the actual annual tonnage
from those vast regions which would
pass through the Nicaragua canal would
exceed eight and half millions. More
than four hundred millions Of people
would be direct patrons Of this inter-
continental waterway. Japan would be
one Of our best cotton markets. It
would furnish the great states bordering
on the Atlantic eeaboard an incentive
for better investments for capital and
more remuneTative rewards for labor !;
it would vitalize the tagging industries
Of the great west, and In time would
make New York the center Of the mon
etary exchanges Of the western world,
which is now controlled by London, and
it would Americanize all America by
making it commercially independent"
HON. WARMER MILLER ELuCIDATEs.
At the conclusion Of Mr.. Estee's ad-
dress, Hon. Warner Miller presented to
the convention the history Of the canal
question, which, he said, dated back
hundreds of years. He gave in detail
the various efforts heretofore made to
secure . shorter route to the Pacific.
After touching on the financial subject,
the speaker came down to the interest
the government should have in the pro-
ject, and said the company had In no
way sought government aid, and would
not do so as long "a he was president,
though he was not unwilling II should,
if IL takes proper control Of It. It is far
better TO gain 1t now peaceiably than 10
fight for II later.
A number Of communication were
read, including expressions Of endorse
ment from various boards of trade, in
cluding ono from the San Francisco
chamber Of commerce, declAving the
bonds Of the company safe invest
ment.
The committees selected by the state
delegations were then read, and the
convention adjourned till $50 tomorrow
morning.