The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-05-21

pecially. with the cheapening Of
transportation by improving the water
routes there would come an increase
In commerce and industry, the result
of which would be particularly Eel.
in the South.
Mr.. Small did not think that Con-
gress had pursued proper policy In
this matter. for while projects adj |
nized. many appropriations had been
partial and segregated. He said that
the project for continuous inside
route from Boston to Florida along !
the Atlantic Seaboard had been uni
versally recognized. being one OF the !
conspicuous national projects which |
must OF necessity be part OF any
comprehensive scheme of waterways.
Would Reduce Cotton Rates.
by means he said. "of this
Boston-Florida waterway and it's |
connecting water routes and rail-
road lines. the North and the
South would be brought into closer
relationship and the economic bonds
of commerce and industry would
forever cement them together. The
New England cotton mills could get
the cheapest rates on our raw cotton
ouu iihSnisS Tie luIlDcI ana DINER
products OF the South. The South
could obtain It's machinery and other,
bulky products from the North at al
likewise lesser rate. Thus has been
demonstrated. as I think, the PROPOSE
ton that the interior sections and
cities, remote from the nayigabici
waterways. have still direct inter-
est in the construction OF this protect
ed route along the seaboard. and Of
the improvement OF the rivers extend
ing into the interior.
II would not create the impression
that there Is any antagonism to tho
railroads by the Improvement of our
waterways, or by their cooperation
In the complete utilization OF such
waterways. It is now recognized by
all progressive railroad managers that
the improvement of waterways does
not retard. but increases their earn
ings." 55
In closing Mr.. Small made a strong
plea for the preservation OF the for
lests, explaining how this would neces-
sarily protect the water powers. He
believed that united action on the part
OF the association would carry great
weight with Congress.
Cotton in the Orient.
There Is an old saying in the cotton
manufacturing section that II one inch
f eqald be add added to the length OF the
dends. Mr.. John Foord. Of New York,
secretary OF the American-Asiatic AS
Ge9 %aat On IN an address Is on Cotton
Fang to support this theory, or pro-
verb. Mr. WI has pointed OUT said
Mr.. Foord. that ii the, purchasing
power OF every Chinese should be in
the ability to purchase foreign pro-
ducts, ofwhich the most necessary and
the most generally desired are the,
Pe e yS sSttcS To9d
Mr.. Foord's address was the most
important on the days program. mas
much as he showed how the export
sary It is for the American spinner to
reach the Orient as market for his
goods. He declared that IL regard be
had merely to the statistics Of exports
that the market for American textiles
in the Far. East is disappearing, For
the calendar year 1905. cotton cloth ex-
In 1907. the amount had decreased to
$2,6S7,52S. The virtual cessation OF
demand from the Chinese market for
American cotton textiles during the
lis thus merely the natural result Of
| the too confident optimism OF 1905. as
REFLECTED in the suddenly infla ted ex-
/ ports OIL tllHL y edr, ana 5CIle nrSL tlQlf
of 1906. It is true that American trade
| has suffered a good deal more than
| the English from tina everstocking OF
| the market for cotton-piece goods, but
| this is largely due to the fact that
Twas on the rapid recovery OF the con-
Stunning markets In North China thar
the faith of the native dealers In the
proportions Of the future demand was
based.' rs
Japanese Competition,
This present condition was attributed
| to Japanese competition, which caused
| a diminished demand ,.for American
products In ManchuriaS although the
Iipossibility of growing Japanese COM
petition was q matter OF conjecture.
On the other side of the account, how
ever, the speaker said that Southern
| and Central China markets, h, retofore
| mon polized by English lgoo Isl are
being invaded by the lighter weights
| OF American cloth Basing his state
ment upon past conditions generally,
to be hopeful OF the future.
D ealing with the natural resources
4 OF China and the awakened sentiment
of the merchants there, statements
made by Mr., WI We're quoted to show
! the possibilities OF extending trade res
llations, For instance. the coal deposit
lin only one province of China Is SUM-
Ecient to supply II he consumption OF the
ltworld for 1900 years. N S95 53s n.
M Our Relations With Chtna, 8
/ $50 far as the relations between&the
4 two countries are concerned. the United