The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-02-03
SAVANNAFIS WATERFRONT SWEPT BY DISASTROUS FIRE
HOW THE PAlNAMACANAL
WILL SHIFT CURRENTS OF
TRADE TO GULF COAST
Wall Street Journal Has a Fine
Article 10 Recent Issue
on Pensacola.

.
GREATEST FINANCIAL PAPER IN
THE couNTRy TELLS WHAT IS
I, BEING DONE AT THIS eoRT
AND WHAT THE EFFEcT Will
sE axAEn THE GULF. FLoRipA
q AtAsANA RAiLRoAp is CON-.
pLETED no PINE HILL.
The Wal Street journal the great
est lnsneial paper % tho. country.
aad nne Which ID read by every capi-
tsiist and b5xa buyer ID the United
states, in its last Issue devoted nearly
a column to PensanoIa and other sun
ports The article aTsared under tire
heading How Panama. canal viii shift
trade currents to gulf COAST: Pensa-
cola, nearest port 10 the logical source
Of fuel for new siaipp1ns, has . 1ew
railroad: ports inside the Florida pen
insuiar have aheretofore been off the
main trade routes, but they win as
cllllE a new lIflEtOIt61Ecs WITH @InG C0II-
pletion Of the worlds greatest water
way; preparations already going on
at Pensacoia 10 make the most of op-
portunity."
The article then foltowed as fol-
lows:
Z 1T rs. taking most Americans almost
as long TO find out what the compile
ton of the Panama canal inean M TO
4he ,se sitrS t-l7aa ff.g tbe fhsr1. tbe
canal Is gnfnr 70 d,s il 4raefieaiI7 "a
do,,hie tf,e xeffe,-tis.e sesI,oav+. 80 AZ
Old south. .t,7e stafas east and so,,th
oes IN. M;sssxa;,,S,s ana .CSl,ir, rgxtevs
.i s1,st esr,S, s,,ssI: .
inx the @s,,+h orN @farre Tssorfil,
III sSraSs = szs,.r, Is. Z. ~ ;,t ssa 49,
Z 4 fsusiev fs,sff 81 49, sdsE tea d or
sos @s.ss.=sss1s Atla51tsu, an
has 50 lerg. New gt,rlea ifs on hS
suf and qit. a great port, Of course, but
It. is largely the west that IA FINISHES
E'its. exportsy and = takes its imports.
Most sof; the ports OF the South have
heretofore sbeenf ION stiae Atlantic sea
board, otherwise athAywould have been
out Of the main currents OF ocean
traffic. Hence the great railroad sys-
TENS have sought their sea outlets
chiefly on the Atlantic
= BENEFIT PENSACOLA. y
With the opening 3of the cana
great portion OF the eountry's com :
nierce. both that between the states
and .thatswhich' foreign countries, VIII
inevitably swing around from thea At
lanttc seabord TO the, inside OF the
Florida peninsula such a. port as
! Pensa cols>r VIII :, Naturally become
great clearing point for cotton and
other southern products bound for the
Orient and for both coasts Of South
America, While the development OF
railroad and portrfac1tltles entailed py
the growth Of this ;trafi1c VIII enable
| this city to compete on equal terms
| with. the Atlantic ports for water
bound tonnage between the South and
New York, Pennsylvania New jersey
and the New England n1anufa cturins
| states As regards Alabama and I'M
mediateiy neigflboring territory. it viii
| have the advantase OF shorter raj
haul. a ca a1
| Pensacola is already an important
port. its exports and imports havine
amounted to $26,l16,241 in value last
year and its shipments of cotton alone
having increased BY $4,000 bales oTei
] those of 1911. There is reason to be-
iieve that it will profit moro, proper
tionately, by. the opening OF the cana
than any other gulf port. 1t is near.
! est to the coal and iron industry Il
and about Birmingham. The depth
Of water in it's hsrbor is eleven fee;
/ sreater than tilat at Mobile and VIII
! accommodate the largest ocean goins
vassei.
/ ssf DEMAND FOR FUEL.
"on the authoritative announcement
/ that the Panama. canal would be IN.
! isl1ed before 1915, the date original,
set. the world began to realize tha.
the shipuins now in existence win b,
i inaaeouate to, the Demand which th,
csne4 Laa Win .sa,.taaa ,a;S 49, ueAs :.