New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Toronto, August &c.

United States interests are RoihB W
have an exceedingly important part
In developing Canada industrially
after the war. In n letter just issued
to the newspapers throughout the
Dominion, urging cooperation TO make
successful the National trade confer
ence to be held at the call Of the Gov
eminent, probably in the latter part
Of October, the Deputy Minister OF
Trade and Commerce says:
Heretofore, as we all know, our
prosperity has been handed to us.
Yesterday it was capital from Europe
for our construction enterprises; to-
day It is money for war orders; to-
morrow we shall have to stand on our
own feet and dig for ourselves among
the nations of the world"
There is no question that United
States business organizations Will do
much OF that digging" 1t is equally
certain that they will reap large bene-
fits from their Canadian enterprises.
There are five outstanding reasons
why American capital and American
brains will take a place OF greater
importance in the industrial life OF
the Dominion after the war:
/. The natural resources of Cam
ada will be needed in the reeonstruc-
ton Of Europe and there will be large
profits for private interests in the de-
velopment of those resources.
2. Public sentiment will demand
that Canadian raw materials be man
ufactured as far as is possible, in the
Dominion.
8. American business men are more
alert than their Canadian confreres
to see opportunities and better able
to take advantage of them.
4. A period Of high tariff after the
war will induce American manufac-
turers to establish branch factories
in Canada TO supply the Canadian
market.
s. American industrial and com
mercial interests will find 1t neces-
sary to work through Canada to Sc
cure their best opportunities in the
markets of the British Empire, in
GLIDING the British Isles.
Latent Powers.
Europe's requirements Of both raw
material and manufactured products
during the period of reconstruction
cannot fail to cause high prices, wnich
will stimulate Canada's production
The industrial possibilities Of the Do
minion are not yet realized. Enormous
resources are still untouched. Lack OF
capital, conservatism OF Canadian busi-
ness interests and other factors have
made DEVELOPMENT slow. Nova Scotia,
for example, has more than 5000
square miles OF gold-bearing rock, but
the area under title is only fifty square
miles, and less than one-half OF
square mile is being worked. The hsn-
ing industry of the maritime provinces
has been greatly hampered in it's de-
velopment by lack of modern methods.
Its possibilities are almost unlimited,
with efficient organization and the APP
niication Of up-to-date processes. In
general, Canadian manufacturing IN
dustries have developed greatly OF re-
cent wears, due rather to the national
policy Of protection than to any very
aggressive efforts on the part oil the
manufacturers themselves. To large
extent Canada is still agricultural, but
most of the West is yet in the wheat
mining stage and the farming indus
try all over the Dominion could be
wonderfully improved by the introdu"-
ton of better business methods Cah-
ada's mineral resources still await de-
velopment. Great areas in Northern
Quebec, Northern Ontario and the
Northwest have not even been ex-
plored. With high prices prevailing
these opportunities must appeal to
promoters and capitalists in the United
States. The war has done much to
advertise the Dominion in the neigh
boring republic and the United States
is now studying Canada as never be-
fore.
Economic Awareness.
There is a growing demand in the
Dominion that the natural resources
of the country be developed at home,
and American companies will find it in
creasingly difficult, in the face of hos
tile popular sentiment and perhaps of
restrictive legislation. to secure raw
materials in Canada to supply manu-
featuring plants in the United States.
Thoea nanufa curing estahiis hnents