The Calumet news., 1912-09-21
MUCH ACTIVITY IN EUROPE
Unless United States Redoubles
Efforts It viii Lag In Race
for In Business
SOUNDS NOTE OF WARNING

Introductory note: The following
is a brief advance summary of the
chief points in a special report of Di-
rector General Barrett of the Pan
American Union TO be shortly publish
ed on the Panama Canal and Pan
American trade. II is based, first on
q careful study, during his recent Of
fetal visit to Europe, of what Euro
pean governments and commercial I'M
terests are doing To get ready for the
canal and To develop trade with South
and Central America, and. secondly,
on reliable reports he has received d.
rect from Latin America and other
countries The Pan American Union
being ar official international organ
ization maintained by all the Amer
lean republics for the development of
commerce among them, keeps In clos
est touch with the situation not only
in North and South America, but In
Europe and even Asia. The findings
therefore, of this report, have espe-
cial authority and significance.
Only about year and half re-
main before the Panama canal VIII
be open TO commercial traffic. un-
less the manufacturing, exporting I'M
porting and shipping interests OF the
United states eDert themselves to the
limit during the next eighteen months
thew will find that they will be dis
hxrf 9
petitors In deriving practical adVah-
tages from the canal and the rapidly
developing field of Latin America
From his own study on the grouho
of European conditions and from re-
liable official reports received IRON
hotb South America and Asia, Direc-
tor General Barrett makes the apoN'
statement at the beginning OF MS re-
mort and then gives the toiio"ihs
facts:
Every important port OF Grea
Britain, France, Germany Hoi'ahu
Relsium. Scandinavia, Spain, Italy ah'
Austria. is being improved TO u''
highest degree of efficiency tor over
sea commerce.
Every European shippuiioih'
"a - recognized standing is bus!
To it's capacity constructing ocean 50
tn merchant vessels. old estaphshe'
steamship lines are adding up-to-ua'
,,assa,s to their fleets and new com
NAMES are being formed ana orue' '''
ships. I'm
q European governments are III
structing their diplomatic anu ''"'"
lar agents to study and report "po
.,arv nhase of trade opportunity eN
,.c,ad n result from the canal me,
1,ha,ohers of Commerce ana '"e'
commercial organizations are -,
Grating along the same lines anu
business schools are educating
al mon for the field. Government y,
ec,als and representative men :"
vate life are showing parucu'a' M
nt,s,,tv and courtesies to the Visi',''
.osao,ative men of Latin Ameri'
and all the other countries
trade they want. Their pahh"s
Investment houses are extehuine
,o.a,sn facilities. rSeir private gus
ss oompanies of already large e
,sbushed trade and their ne"
ran,es are sending agents ana seou
70 Latin America and all parts u o, -
world affected by the canai 10 NV
tigate trade possibilities
I'm Japan three steamsh'p ),
nan,es are building vessels TOT -
canal japanese banks are co"S'o
,na tho onening of branches In La'
.r,.r,ca A score of japanese ma
.ufacturing, exporting ana mp, ra, -,
houses have numerous agents ~
ira, and south America one -"
owned steamship company Is p' PIC, =,
60 onsrate line from Shanghai " .,
Hong Kong TO Central al sou'"
ar,ca Australia's commercial orsa
,zations are sending men 10 'ou
America to develop trade whhe ~
,,al,a and New Zealand are p'an'i''
70 establish a canal steamship n"e
,he,r own. A new line of freigh' We
se,s ,s IN run from Calcutta OF ho'
bav to South America. CANADA
ron two new direct lines respeo''''
from Vancouver and montreal y.
corresponding coasts of Lat'h N'"'
lea.
&. The west or Pacific coas'
South America. reaching S'VVV W.. W.,
Inc