The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1912-10-07

lowing is brief advance summary
OF the chief points in special re.
port Of Director General Barrett. of |
the Pan American Union to be short
" published ON the Panama Canal |
and Pan American trade. 1t is |
based, first, on a careful study, dur
ring his recent official visit te /
Europe, of what European govern
lmehts and commercial interests are
doing to get ready for the canal and
! to develop trade with South and
Central America, and, secondly. on
Ireliable reports he has received d.
rect from Latin America and other
countries. The Pan American Union,
being an official international organ
ization maintained by all the Ameri-
can 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 find,
lngs, therefore. Of this report, have
es 3eeial authority and significance.
. Only about year and a half re
n lin before the Panama Canal will
be open to commercial traffic. I'm
lels the manufacturing. exporting,
and shll ping interests OF the United
states exert themselves to the limit
during the next eighteen months.
they viii find that they viii he dis
| tanced from the start by foreign
competitors In deriving praetica! adj
rsniages from the Canal and the
rspidly developing field of Latin
America.
From his own study on the ground
OF European conditions and from re-
liable official reports received from
I beth South America and Asia, Direc-
S tor General Barrett makes the above
! statement at the beginning of his re-
c aort and thea gives the following
facts:
|. Every important port of Great
Britain, France. Germany, Holland.
Belgium, Scandinavia, Spain, italy
ana Austria, is being improved 10
the highest degree OF efficiency for
: 9yersad commerce.
g. Every European shipbuilding
e yard of recognized standing is busy
] to It's capacity constructing ocean 60
: ing merchant vessels Old estab
: hshed steamship lines are adding up
A to date vessels to their fleets and
. new companies are being formed and
ordering ships.
B. European governments are in
&ructing their diplomatic and con-
salar agents 10 study and report up
u on aye~y phase Of trade opportunity
4 expected to result from the Canai.
: Their chambers of commerce and
their commercial organizations are
Y cooperating along the same lines
II anil the business schools are educat-
Ie Ing trained men for the field. Gov
9 eminent oficil!s and representative
,. men IN private life are showing par
"a ticllar hospitality and courtesics To
:. the visiting representative men of
; ''' fNu anu an NiHtT C0uu-
y tries whose trade they want Their
y banking and investment houses are
lie extending their foreign facilities.
fheir private business companies of
is already large established trade and
to their new companies are sending
a N r gen p ana ssscents foaLatln America
no 9nd al parts Of the world arfected bv
=. the canal to investigate tradeH nos
:ibllities.
ol ~
:. = In Japan three steamship COM
- lAles are building vessels for tho
Sc anal Japanese banks are consider
:" ng the opening of branches in Latin
IT, apoflca A score J5papese man
alactprlng, exporting and importing
j. houses have numerous agents in
us cntral and sonth America. Coc
RS hinese owned steamship companv &c
Sc ianning TO opera1e I line from
" shanghai and Hong Kong to Central
81 and South America 10 deyelop trado
! %hife Australia and New Zealand are
i planning 70 establish a canal steam.
ship line of their own, new line
~ " FREIGHT vessels Is to run from .ca1
rs entta or Bombay td South America