The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-10-09

An article in the New York American of Sunday
shows that nearly every country of South America is
MAKING extensive preparations enjoy the benefits
which will follow the opening of the Panama canal.
Tne facts by American point the lesson that
il Ttaily important ports of the Gulf and the
South Atlantic bestir themselves along this line
The American article shows that five republics in
South america eXpeRding s225 100000 in the de-
yeiopment of their railways and waterways And evexy
important port of Europe is being mpro 7ed thu high
est degre of efficiency for traffic
The Pacific Coast of South America extending : 600
miles south from Panama. is awakening t tn p.or-
tuniies that will the opening of the canal
Chile is building Valparaiso new harbor 10 cost
s15,0Oo,0OO Guayaqu the principal port of Ecuador
and of the great harbors the Pacific ocean TO
be made sanitary large expense Inspired nv the
successful sanitation of the Canal Zone all the s9rth
American ports where fever been prevalent vii, be
put under sanitary regulations which will insure the
stamping out OF the epidemcs incidental to the tropics
On the Atlantic coast of South America the activity
is even greater Argentina is spending $3OOOOOOo in
narDor improvements at Buenos Aires Uruguay is
laying out the same amount the port of syideo
Brazil in addition to putting into rst-cass condition
every port of her 3OOOmile line is spending nil
lions in railways into the rich interior
Venezuela and Colombia, Central Mexico Cuba ana
American countries, alert
openings to follow the completion of the canal and are
sending out agents to study the possibilities Eu-
ropean is nstructng their diplomatic and
consular agents to make special reports every phds
OF trade opportunities expected to result from the canal
The foreign chambers commerce and trade organi-
cations working along same lines and business
schools are training men for the South American field
European banking houses extending their for
eign facilities.
On the Asiatic side three Japanese s.camsn'p com
panies are building canal and Japanese
bankers are considering opening branches in Latin
America One Chi9ese-owned steamship company is
planning line from Shanghai and Hongkong to Cen.
trail and South America
Australians commercial organizations are sending men
to South America develop trade while Australia and
New Zealand are planning to establish canal steam
ship line of their own.
The foregoing data which the News takes from the
New York American, has been compiled by the Pan
American Union which, while auding the activities of
American commercial interests getting ready for the
canal that these efforts be redoubled to meet the
vast preparations in other countries
Although the canal was not planned !, a ,,,enue, |
producer for the United States it may finally turn out
planned to issue $S5ooOOOO in bonds the canal but
owing to the condition of the national treasury this has
been found unnecessary. With $S6oOOOOO surplus
at the present time it is no further issues will
be required.
Exclusive of military mainenances the operating ex
penses of the will well under 100000
The receipts in the opening years from tolls are
estimated at about $1OOOOOOO leaving surplus which
would not only meet the interest the outstanding
bonds but leave tidy to go toward the cost of
construction