The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-11-24

| available. German industry will in all
likelihood gain a new and very fruitful
market in the west. In like manner,
importation of the products of the
American west into Germany will in
crease. Trade between the German
harbGrs and the western harbors of
South America, already of ever-gTow-
ing proportions, acnnot fail to be very
greatly increased German East Asian
service will probably be run as extern
sions of the lines to the Pacific coast
In other respects, however. the Suez
canal will continue to be the shortest
and most advantageous route for Ger
man ships plying to East Asia and
India, and only where the German
East Asian and German West Ameri
can lines can be linked up to adj
vantage will the Panama canal come
into consideration as route between
German and East Asian harbors.
Which route would be the more adj
vantageous can be determined in each
case only by experience.
German Ships Will Gain.
"All in all, it can be said that the
Panama canal will be highly advan
tageous to German commerce, but it
signifies by no means a reversal of
conditions or a new epoch for the
German maritime industry. On the
other hand, the canal will have none
of the economic or other drawbacks
for Germany, which it will have for
other nations, for example, Great Brit
ain and Japan.
1.-The full economic signif canoe of
the Panama canal will make itself ap-
parent only gradually. At first we
may expect a hot competition between
a number of steamship lines. The
survivors will have the commerce in
their hands. Only the fittest will sur
vive. Apparently all the great steam
ship companies OF the world are pre-
pairing for this battle.
Facing as it does both oceans"
concludes Count Reventlow, "the Unit
ed States will profit doubly from the
opening of the canal connecting them,
but 1T needs above all, to take ad-
vantage of this, ships and lots of them.
The Pacific, however, Will never be-
come the rival of the Atlantic,~ an
and its commerce will continue to
center around the Atlantic, the COM
mercial center of gravity will never be
moved to the Pacific, though a second
opinion the most important results of
the canal will be manifested in the
political consequences which will en-
sue when the business worlds, the in
dustriai life of the East and West, the
North and South of the American con-
tinent are drawn nearer, perhaps even
Joined firmly into an economic whole"
Shipping Directors Opinion.
A. BALM, general director of the
Hamburg American line, says that il
IS Almost 1InDOSS1Dl0 TO IOT0SSG Tie
effect of the opening of the canal upon
the commerce of the world. The plans
of his company include a line from
New York to Valparaiso via the canal, /!
for which at least one 16,500-ton
steamer was contracted for some time |
ago. A new service from China and
Japan to Honolulu. Portland, Seattle |
and San Francisco has been instituted
in view of the expected boom on the
Pacific coast The capital of the COM |
NV Ia CT wear inPTp2 Sed bV &c - |
250,0o0
Three of the smaller Hamburg com |
panies are eouipping themselves to get |
their share of the expected new busi- |!
ness. The German Australian and the |
Cosmos lines have decided to establish |
a joint service to Honolulu, which will |
be routed through the canal as soon as
it is finished and the South American |