The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-10-25
LOOKS UPON
PANAMA COMPLETION
CONTINUED from Page ID

merce. When the American manu-
facturer has the same advantage in
respect to transport that he now has
in the cost of production " his
European competitor, the worlds
markets will be his. The rapidity
with which business will increase in
the United States will nave far-reach-
ing effects on the economic life of
Europe, which will be obliged to
transform present wasteful methods
into a more scientific use of labor.
h United States. the French gov
eminent investigators affirm, will OBJ
tain an i%ncalculable advantage from
the new canal. and Europe may even
find it's industrial activity diminished
While impossible to express in figures
the economic consequences, some con-
~siderations are mentioned. The day
before h opening of the canal.
concerned, will be nearer to all points
on the west coast of South America
than the eastern ports of the United
States. The day after the opening of
the Panama canal. the situation will
be reversed. Guyaquil. Callao and
Valparais will be than 1000
miles nearer New York than to
The cutting of the isthmus will per-
nit ships from the eastern United
States to reach far eastern Australia
more easily.
Europe benefits now. not only by
the non-opening of the Panama canal,
but by the existence of the Suez can
al, but if the Americans will have
an advantage in their nearness to the
markets of the west coast of South
America and Australia, foreign ships
will carry the imports and exports
of h United States should the con-
ditions now existing continue. Thus,
the commission finds, if Europe does
not benefit commercially by the OPEN
ing of the canal. certain nations pos
sessing a powerful mercantile marine,
such as England and Germany, will
have an important part in h eco
nomic conquest Of the Pacific by the
Americans.
The French colonies in the West
Indies. the commission ayers. are too
far out of the track OF commerce to
count upon any great increase in
traffic. Therefore,. the commission
does not recommend large expendi-
lures on harbor improvements. In
Oceanic the commissioners found that
practically all ships going through
the canal to Australia and New Zea-
land will necessarily call at Tahiti.
and recommend the expenditure of
the equivalent Of $1,000. 900 on the
Improvement of Papeete harbor.
Lighthouses should be built, the
channel %deepened and a proper coal
ing station constructed.
The commission does not believe
it necessary to, make extensive ar
because. in it's opinion and that Of
the principal French ship owners on
suited by h commission. the en-
plosive oil for ships will entirely Sill
persede the steam engine within from
fifteen to twenty-five years. While
the passage of so many more ships
cannot fail to benefit the colonies in
mistic. The scarcity of labor will re-
lard expansion. Cheaper freights.
however. will enable such products as
%cocoanut fiber. plentiful in the colon
les there and much in demand in
Europe. to be p%roftab!y exported.
NJ. David Mennet. the president Of
the Paris chamber of commerce, has
made a study of the effect on French
trade of the opening of h Panama
a;.nai, and in talking of the subject
II the Associated Press correspondent:
sand:
I do not think hat French manu-.
faetnrers expect much immediate
change :E the exports Of France. The
Principal advantages. as we look upon
them. will go to the United States.
and next after the United States, to
England.
The canal will opan up trade with
the west coast Of North and Sonth
America. rho exports If France are
largely fine fabrics and other articles
Of taste and luxury. The consider
able trade which sc already have
with the western oait Of the Ameri-
tas will increase wish the develop
rent of those countries. We cannot