The chronicle=news., 1913-11-28

s"nih America. lies the srsa,ssi I'M
poIisnes of the esssi for the tni'ssi
States. aad this impostancs Aiii
manifest itself Got 0nly economically
bn, probably in the political field as
we'll.
The canal ~iii make the tnitsd
States a VERY dAnsssoas romp@ii'or Of
all nations that eaEaEe in commerce
with the South American shd c@n'rsi
American states. for IT'S position will
become. through the canal. even
more favorable thsn il Mss rh@
same is true as 10 the Far Ess' sra
Australia, The canal will ais" prove
III. .,soaE-., competitor es 'h- Amer
lean railroads,
The canal will hfine an in'@'ss''
ins political Importance To The West
Indies aad the Tonga isisnss, ~h!ch
are o~n-i BY Great Britain. France
and Denmark. In so far as these isi-
anas already rss<s~ss haEbas~. ,h-is
importance will h- auxnen,-s. eth
-r a. maritime has@s or as ports .I
call. and their ~~onomir positions
and 'h~ir commerce will b" sr-a'is
Increased Il 10 possible. t.,, that
this development nay create r"s po-
'ii,i-ai considerations. and thereby give
a-sasion for Ia'~ssa'inas! fris'ion.
"0a~ cannot yet say ~hs' the
plans as the srea, shippiss rompas'
les will b~. Naturally these sonsan-
les viii keep their piaas s~cf-s as
lons ~ possible. A sesy Important
factor for the rnii-d States, and. In
i-ra. ios all Am~slrs. Ia. In my np'n-
Ion. tho immtssasioa from rhina and
Japan. tue rannot doubt that the
Panama Canal uiii diver, this imni-
esa Ion to the eastern part of The
American e.ntia~ns. whereas u has
heretofore .~ea chiefly .onslr-d In
the ~~~s, N-s-. tn. tho rarely "~o.
nosni- .isaiiirsaes Of the ssnai IL
complicated ~iih an earnest political
factor, and the is~u- which has here
iafos- be~n kan~n only rs the aci'.
fsrnIa question: ~iii make itself
known In the Fast. Possibly the vel.
Low pcpaiai,oa OF tho Hawaiian tsi'
anis ~iii increase SIN snof~ rapidly.
Tor ,h-sr Islands ~iii audoubirsaiy
on Joy an immense b~nefs from ih~
Panama raaai.
80 far Ne Germany Is concerned.
the main slxrifi-sncc ot ih- sana.
for .ar shippias Intervals liz. In the
fact that l, ~iii make IL po-.ibi- 10
reach tho West IN = FAR shorter per-
iod of time. commcr~ h~ss~en the
German hnstsnrs and San fssa.tsro
~ III iaefsss- ~ soaa a. the neeeaSarf
vessel. arr available. C~rsaa iadu>.
Try viii. In all likelihood snia n-~
and very fruitful market In ,h-
W~s'. In like manner. t'ntnr'an'inn
os the products of tho American W"s,
Int. Germany will tnrrca>r. Trad"
b~t wr~n the German harisnrs and tho
western hariso,s of South Amrric,.
already of cv~r-sr"~ine proportions.
cannot fail - he greatly Increased.
German Eas, Asian services will
probably N. rin as extensions Of the
respects. however. tho sn"s Canal
will continue I, he ih" shortest and
MOS, advantageous route for German
ships p,yins so Ens' Asia and india.
aud only where tho German East As.
ian and German West american lines
can he linked np to advantage will
the I'anama Canal come into oonaii.
Grafton rs a route between German
ami Eas, Asian harboTs. Which
route ~onii he til" NOR. ndvanta-
gcous can ha determined In each ease
only by experience.
All in all. IL ran he saii that tn"
Panama Canal will he highly advan-
tagcaus to German commerce. but II
signifies by no mems reversal II
conditions or q new epoch for tho
German maritime industry. On the
other hand. tho canal will have none
Of the economic or other drawbacks
for Germany. which I, will have for
other nations. for example. Great
Britain and Japan.
"Thc full economic significance Of
the Panama Canal will make Itself
APPARENT only gradually. At firs, We
may expect \ hot competition bc-
tween number of steamship lines.
Tho survivors will have the commerce
In their hands. Only the fittest will
survive. Apparently all the great
steamship companies OF tho world are
prcparing for this battle.
Facing as II hoes both oceans.
concludes Count Vcvcntlow. the
United States will prof, doubly from