The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-03-25
An EASTERN VIEW OF IT.
"DOnds and Mortgages" On the Pa.
cific as the Comm ercial Ocean.

Under the caption. .The Pacific the Com
mercial Ocean of the Future" the infiu-
entail weekly newspaper of Chicago.
Bonds and Mortgages" has the follow
ing important editorial:
There is no longer any question about
the bright future OF the Seaports OF the
Pacific. Events have followed in rapid
succession to accentuate this fact. The
commerce of the United States is shifting
anu the scene OF greatest activity during
the next decade will be found on the
Pacific s4tw .ssst sr Alnss.g
/ With the doors of the Orient opened,
coupled with our superior geogra phical To-
cation and the beginning OF an era OF un
paralleled creative and productive devel-
opment; with the Nicaragua canal in
course OF completion. the immediate FRA
ture or the Pacific coast is one which at
tracts the financial world.
The recent visit OF Rear Admiral Lord
Charles Beresford 10 the United States
ought 10 be and doubtless will be produc-
tive OF much benefit 10 this country. He
needed no Introduction or recosnmen.la-
ton In this country. for his prominence
and his record have given him all that
he has mad large personal experience aud
opportunity to become thoroughly familiar
with Eastern commerce. His speeches be
fore the leading commercial bodies OF this
country were notable and the suggestions
made OF most far reaching Importance,
lie states that the total trade of China
amounts tn about ,S37a0V. eaa a year. and
or this Great Britain has IS per cent. and
america only u per cent The remaining,
~ per cent Is divided among the ether ma
IONS. including some OF the British col
onies and India In this connection he re-
marked that the trade In American cotton
bad Increased III per cent In four years
point he pfhsfet and mach al Df.cta ist. 4,
was the showing of the difference between
the two countries. in the way their mer-
chants and manufacturers do business
He said that the British would insist
IN cnttons for instance, upon what they
think the Chinese ought &c have. while
the Americans will insist upon king
what tbs people Want and sill auy. lord
Iieresferd found that the Chinese are de-
veloning a fondness for American four
that hundreds of thousands OF dollars
worfa~ean be sold there. which Is partic-
uiarly good news to the grain growers of
the West. RI. tFnite,, states HIS the al
vantage, becaus q bordering on the Pacific
ocean Facilitates shipping. The distin-
sutstsd spea ker declared taat the Pacific
would be the commercial ocean of the
future He devoted considerable atten-
ton tn explaining the practically unlirn-
tied field for trade and commerce which
n ,!I presents, ana the financial posi-
biiities of that practically undevcioped
though very ponglons country.
me Americans are at present PAYING
more attention than ever before To the
export trade. and 10 section Of the country
VIII receive greater Immediate hssYt.J.s
than the Pacific coast and Guf cities
ALREADY the thinking nte8 of New York
are showing considerable concern hecaiisa
tue foreign commerce has not been pre-
served Of late years and has not Increased
as rapidly ms that 81 several OF it's sister
cities The statistics enuw that Ns.w-
fork's share of TIE general foreign tra ~
has not been So small since $50 az II WAS
last year Thirty years ago New york
handled y per cert. OF the entire foreign
trade ~ the natteu Ia 1855 her share was
cniY - per cent During tso last twenty
years her exports have fallen from S. 10
= per cent. 81 the whole country.
nHs- IL - -. ~
shipments of grain. -four and other bread
stun~. dressed meats and ether provisions
ana dairy products cotton petroleum
coal lumber and other staples which nna
easier access e. the sea and are mere.
comfortably and economically handled
.lse~ here In general msTChandt s@~ssogt.
geods-New York STA controls the export
trade. hat Is gradually losing IL
MIR. Curtis. the well informed. staff cor
respondent az The Chicago Record has
heer looking into the matter and ne stfr~
nasaes some Interesting Fsaseus FOR the
alleged 1ect!na in the ceE9meFc.s az New
York city. The fact that the Foreigners
who arc l00king for cheap rrasl ara
Obliged 10 go 20 Nebraska and Kansas il
oTstgr 80 set tire shea@ex3 grain there IS in
tire Country and tna further fact fhss ,Nes
distance from the grain fields of Nebraska
and Kansas - Gulf ports VIII ann~ax{-
mate about tire same . : the distance -,
Chicago. lsueing Lao miles further haul
SuE from Chicago IL New YORK II a very
important consideration. tn ths last wear
our exports 81 cereals were nearly twgcs
what sbey have sgs.r been ~ fore Ga ire
same peTiaSi- The Kansas and Ns,Ara SKA
producers and the western railroads have
become alive Ia the fact that they mast
reach ;hs e*acaaSt a. the shortest Essss-
stole DISTANCE Tee 13iinass Central So
hauling large quantities 81 grain from
t1lin0ix and IeNa sa NeN Orleans ard shs.
lines from Kansas TO TIE city 81 .safvs-s~
ton which haas Only recently eof ae@p
water ara taking rs@ch grain There's
Nothing that &eqs YORK. can 10 wfii divert
grain from s8s ssss5f parts.
Ard whgs s.gsEssses "a Neg ToFx applies
Mia equal fierce &C other Atlantis ssa
parts.
Wgth the oFsm!nx a. % afe Oriental
trade hswesev x revolution Ia she earn
nerve of ths ws3Tsd - a haHsf Tas trade.
exR&eT = snssfsag rs TIE kREiAs css4S~f
g'Asa8 al sesss3HtsssE. assures AssFBnA g,sT-
adventure. AkA tg@rn aGsE1ey ~ sAs
eArsa population from ane -sssfsssssysars
TO eesnS1 1ssFa o. Ra@S~sn psf~J@ft~ The
fsgfFSc cssssxt merits tne tsEsea3
gatswag sd t4w Pacific All surely ~ fne
commercial G1s&E CT Ira fa4sFs-