The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-09-18
CONTINUED from Page -
lulu aforesaid.

States" and so on, have in no way de-
tered the Englishman from purchas-
ing what he wants at the cheapest
price, wherever made In fact, recent
investigation suggests that, instead of
being a deterrent these labels of or
igin have really tended to promote the
very foreign trade that they We're de-
signed to destroy. So the Made in
Germany scare died a natural death.
Next came the American invasion,
with Mr.. Pierpont Morgan and Mr..
Carnegie as it's prime representatives,
and certain sections of Englishmen,
ever prone to self-depreciation, are
still under the spell of this latest
alarm. And yet when one looks at
the course of the trade of the four
great Industrial nations of the world
during the past quarter of a century
one realizes how little substantial
ground there is for British anxiety
OF course, the Englishman cannot mo-
nopolize prosperity. He cannot ex-
pect to be the sole child of fortune
hut an impartial analysis of the hg-
ures of the past quarter of a century
NAV we'll reassure him as against
those pessimists who have so persist
emily preached dismay into his ears.
For what does this analysis show!
The Contemporary reviewer first OF
all quotes statistics regarding the total
general trade between IS76-19OO. Inc
result is to show that the United King
dom is Just as far ahead of all its rivals
in 1901 as lit was in 1876. Mr.. War
ren's diagrams are more convincing 10
the eve than any set of figures can be,
but this summary will suffice to snow
the position which he illustrates:
From 1880 to 1890 Germany was Eng
lands most dangerous rival, but the
year 1901 saw a prodigious decrease OF
no less than G123, 900 in the total
general trade of that country. Since
1894 the value of the total general trade
of Germany, in common with that OF
the other nations, has increased contln-
uously and Germany still is second
to England. 1t will not fail to be no.
ticed that in 1892 the value of the for
eign trade of the United States of
America exceeded that of Germany by
some ten million pounds. In the FOL
lowing year America dropped to the
fourth place among the trading nations
but in 1900 it displaced France, AFTER d
close race of many years. france heiu
the second position in the period or
1S76-1S79, and also in 1S91-1S92. Eng
lands premier position has never been
menaced seriously From these and
succeeding diagrams we get, in truth,
a re-statement and re-proof of the
facts. Cd that the volume of the prin-
cipal trading nations tends to rise and
fall more or less simultaneously, and
(2) that for the whole quarter of
century Britain has maintained her
position of superiority in the total val
ue of her trade, though Germany has
risen at the same time from the fourth
to the second place, and though in val
ue of exports of all kinds the United
States has, since 1895, repeatedly over
taken and finally passed Great Britain.
But these advances of the United
States upon Britain in the matter of
exports is subjected by Mr.. Warren TO
an explanation which is essential to an
understanding of the British stand
point. Mr.. Warren shows what a
tremendous invisible" export Great
Britain has by reason of the fact that
she is the carrier, banker and middle
man of the world. These services yield
immense profits which other countries
pay for in goods. Our mercantile
marine says Mr.. Warren, has devel-
oped prodigiously during recent years,