Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-13
furniture at 25& Discount.

Central and South America and the West
Indies. The delegates Of the United States
to that conference were made the lncOr-
porators, and were authorized to receive
subscriptions for stock under rules that
would have prevented any individual or
syndicate from obtaining control. No
body denied that the bank was. neces-
sary, but the committee would not re-
port the bill because there was prob
ability Of q very large profit to those who
assumed the risk and the management of
the enterprise. 4 similar attempt was
made last year to secure charter for
an international bank. but Congress re-
fused even to consider it. and several
prominent republican leaders declined to
Introduce the bill for fear their motives
might be misconstrued.
Germany Helps Bankers.
The German government has well de-
fined, long range, permanent policy to
promote the profit and the influence of
it's bankers, it's merchants, it's manu-
facturers, its steamship comp anies, it's
shipbuliders and others who are making
the nation strong and rich. It not only
encourages. hut co-operates with Its manu-
factuerS and merchants in the extension
OF their trade and gives it's support to
enterprises in foreign lands as we'll as
at home with an energy and a determi-
governments. Just now the German am
oasEador to Turkey is trying to prevent
that government from granting railroad
concession to an American syndicate be-
cause German capitalists want the same
privilege, and he has insisted that the
German language shall be taught in the
Turkish schools because the English Ian
guage Is taught in the missionary schools
throughout that empire.
The first man-of-war built in Germany
N-incr cicfn
guns, which was launched in 1872. In
1s4s two small gunboats. partly of wood
and partly of iron. and with English
engines. were made the nucleus OF the
German navy. No other ships were built
except small coasters. either for COM
merce or for defense, until 1885,. when
Prince Won Bismarck persuaded the
reichstag to pass subsidy law and offer
the benefits Of 1t to the highest bidder
The North German Lloyd Steamship
Company obtained the contract and built
three steamers of 1000 tons each. the
Bayern. the Preussen and the Sachsen, at
the yards Of the Vulcan Iron Company,
in Stettin. Three vessels are now in the
Lloyd Company. sailing between Genoa
and Batoum. via Constantinople.
Lost Heavily on Contract.
On this contract the shipbuilders lost
more than 100000, because they lacked
experience, made many mistakes and had
to buy new tools and appliances, but the
government came to their assistance, and
the North German Lloyd Company gave
them an order for four 6OOO-ton YES
sells. the Vera. the Elbe, the Havel and
the Spree. All these vessels were failures
and under ordinary circumstances tie
builders would have been compelled to
go out OF business. But neither the gov
eminent nor the steamship company lost
faith They kept up the fight; they i'm
ported foreign engineers and workmen;
/ they sent their own men abroad to be
trained BY increasing the subsidies, by
remitting duties On imported materials.
by giving low rates of transportation and
by guaranteeing the shipbui.ders against
loss they finally made good. The results
OF this cooperation and Of the liberal
policy OF the government can be seen
in the fleets that carry the manufactured
| merchandise OF Germany to every part
of the world.
The great triumph came and the policy
of Prince Won Bismarck was vindicated
when the steamer Furst Bismarck of the
Hamburg-American Company, which was
named In his honor. established a new
transatlantic record for speed by making
| an average Of nineteen and half knots
from Hamburg to New York. Until that
time the Cunarders had been the queens
Of the sea.
| Then the Cunard company built the
| Lucania and the Campania. which re-
| duced the passage from Queenstown to
New York to six and one-third days.
making averages OF % knots an hour
| Ord stood until in 1897 the Kaiser Will
helm der Crosse of 1880 tons came out
| Of the German yards at Stettin and made
| the crossing In six days at speed OF