The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1913-11-02
Canal Opens Wonderful
Possibilities of West
Coast to Investors
COPPER DEPOSITS
OF IMMENSE VALUE
Guggenheim Syndicate Will Develop
Copper Mines in Chill, While
Schwab Will Exploit Iron
Ore Deposits
by HOLLAND

| New York, November 1.--(Special.)
When President woodrow Wilson called
the attention of the Southern Commercial
congress, so-called, In session at Mobile
to the fact that the Panama canal would
make continental islands of North and
South America, he also stated that il
would inevitably lead to a closer union
between the people of North and South
America than the visible union repre-
scented by the linking of the two CONT
nents by the narrow Tsthmus of Panama
Furthermore President Wilson is quoted
as having called attention to the fact
which comparatively few people have
known--namely, that the Atlantic coast
OF North America is nearer the Pacific
coast of South America than to the At
lantic shores of the southern continent.
Only those who have studied the maps
or who have been engaged in commerce
with South America have realized that. so
far to the east of the North American
continent does that of South America lie
that parallel of longitude which touches
the west coast of South America Is the
identical parallel which bisects the At
Iantic states of the North American con-
tinent.
In President Wilson's comments are
contained facts which illustrate the mag
nitude of the ventures which American
capital is now making upon the west
coast of South America. Some of these
ventures would not have been undertaken
had it not been certain that the Panama
canal would be open to navigation. Two
of them at least represent considerably
more than hundred millions of invest
ment by American capital and these In
vestments are, apart from the trade be-
tween the United States and Latin-Amers
lean countries of which such encourage
ing reports have recently been made by
the department of commerce at WASH
ington.
Trade Increasing Rapidly
These reports show that our trade with
Latin-American countries is increasing
rapidly and yet not in the manner to
suggest that this recent growth Is
ephemeral.' Large as are the figures
which report the international commerce
between the United States and Latin
American countries and especially those
of South America. they are not yet as
large as those which tell the wonderful
story of our increasing commercial rela-
tons with Canada. Perhaps the most
striking phenomenon associated with the
growth of our international. trade in
recent years is that which illustrates the
increase of commerce between Canada
--and this country. Presumably the fig
ures reported from the. department OF
commerce at Washington which will tell
the story of our international trade in
the present calendar year, will again
demonstrate that If cotton be left out
of consideration. our greatest commerce
is with Canada.
Whether the opening of the Panama
canal will cause such increase In our
trade with Latin-American countries as
may be comparable with the increase In
our trade with Canada will not be known
until some years after the canal is open
to navigation. Canada expects to make
a large use of the canal for commerce In
which the United States is to have no
part. for it is the understanding that
after the canal is open to navigation
steamships flying the flag of Great
Britain will be engaged in transporting
commodities from western Canada, or
what used to be called British North
America, directly to other parts of the
world.
What the Canal Has Done
One of the great American corporations
is preparing to invest a hundred and ten
million dollars In the exploitation Of in