Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-04-04

he granny Of capital OF the tyranny
If bor
1onplcrcial Development of the south
Tb, commercial development OF the
ioul, as distinguished from the pro-
luctnn Of agricultural staples, IS Of
COMPARATIVELY recent growth, and for
.hatreason all the more remarkable,
Let lne cite a few examples. Since
1870 the railways of the south have
grown from 1850 to 6l,600 miles;
IN oher words, they have practically
In length, while those Of
the bthor parts of the United states
haH only quadrupled Take the cot
toni MISUNDERSTANDING Industry. In the
SAM period of time it grew from II
Millions to 1853 millions, In the same
perbd the value of all manufactures
produced IN the south has grown from
"a Smillious TO 1,526 millions, nearly
double as much in percentage as the
rest of the country In the PERIOD
fron 1900 to 1906, the number OF ma
tiohal banks and individual deposits
in RATIONAL banks have increased ohiE
so Der cent. In the state OF Georgia
thdgroWth has been equally SIatliN-
mgs TO take a few examples, the
vale of cotton manufactures from
II To 1905 has grown from three
and opo-haIf millions to thirty-tlye
miiions, and the total value OF mann
failures during the same perlou mas
srjNn from thirty-one millions to l5l
millions, ana the value OF exports
passiup out of this port of SaVanuah
has grown from thirty millions IN lStV
toImOre than siXty-three millions III
tht fiscal year l90t
Now / have referred to this, not TO
gltrify your greatness, but rather 10
dirct YOUR attention to future posi-
bilties. Great as this growth has
bdtn. your opportunities for the tu-
time win certainly be largely increased
by the construction and opening OF
Til Panama canal The market lor
cotton goods in Latin America
amounts to 100 millions year, ana
Win the opening of that canal the
euire Pacific frontage OF Latln Amer
icb the total imports of when
ia more than 600 millions,
viii afford attractive markets Tor
yol. ,,,,.
Postal Subsidy--Its Meaning.
krbora l. another important matter
mi this connection that IS deserving "
y6lr immediate attention
IYou may have the products OF tE'
fa-m ana factory in abundance; you
nbv spend millions upon your water
.vtys and upon your harbors. and NIL
inns again upon what Will prove l.
he the greatest and most iar-reachiht
commercial enterprise that any ma
Tim has ever Understanding con
stuction of the Panama canaI-th'
BENEFITS from them will never ado
,pately flow to you unless you contro
the means Of transportation 10 carr
v0ur products and your mallS IN you
avn ships, under your own nag, u
The most direct route to the markct
that YOU seek to cultivate.
Commerce is reciprocal, ana I'M
Aips that go to the South and Ctntra
American markets to carry the pro
ducts that you sell must return Wltl
PRODUCTS which the people of thoS
Countries sell to us. All Of the grea
maritime powers of the world, Wheth
or their economic policy is free trad
n, protection, create and MAINTAIN
iQst freight and fast passenger me
10 their foreign markets by means o
liberal postal payments, SIXTY year
ago President Polk recommended, am
congress granted, SupNenuolS MlleI
our commerce was insignificant. Ehes
yibVCntiOnS were, on a moderate an
United scale. ftcSldpllSltu ~ "
POSTAL law Of 1891, and what IS de
handed now is that that postal laf
IC extended so that your commerce
Ind your passengers VIII not be con,
selled to go. to the markets on I'M
Continent by the way Of Europe, an
'bv twice crossing the Atlantic oceaT
There is a bill now before congress
the purpose Of which is to extend I'm
subyention so as to make it ellectiV
i'm reaching the markets on TINS conu
uent and along the Pacific oeeaf
namely, to give the same postal sun
Vontion that IS provided for under IN
law of 1891 and adapt II 10 Shlps tla
ply in those waters or in other WORDS
to give Si ton per mile TO vessels q
the second class on routes 1,OoV niue
or more in length, outward voyage, |
South America, to the Philippines I
japan, to China, ana To Au7trAiastt
To accomplish this wiz feqlNt" ~ III
outside no more than the pGoui Tag
the government is now making on U
foreign mail contracts, ln-othrr worn
the actual cost 10 the EoNrrnm' las
year Of the occau-mail service t." lof
eign countries, other than Callada an
Mexico, was in round numbers jhrc
million dcllars, while the proceed
realized by the government from posi-
age between the United states an
foreign countries, othot IMAM Iah'u
and Mexico, was 4 little IN excess @
six millions, leaving proll TO IN
United States OF a. llttle less III eAceS
o. three n'hlloh uo'i9l' Ppi ,l,'',"'''
-. - o,n'r. WHINE 10 tbn ,rn,,arnn,or
~ T., 49,, ,,iiIion dnlIare i'm, nnsIaa
l''l1 gu Ia al XXI is osrsad j., NH III
"lV,iu' t,iiIian nIIa,,s no dnvntad to OK
,I'n ,,'' ,,o .n,nn,crc, of mo rnuntr
l,,'' H,s77,iln',, hatto,ns undpr tho Amc,
i,' en- dao Tbig ig th, rommrrciaI EN-
g - = '''e'
VI NJ, ..,.,.,i or aryirt,rv vessels in Tim
l"O ny" Va q 3t,,,', -, i,di.