Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-11-19
81 O63 $50 OF PROF7f ACQUIRES IRON PANAMA CANAL

oil is furnihinsg 60 PEE cent of the
eastbound cargo and tanker tom
mage in either direction is approxi-
mately as great as all other COM
mercial tonnage combined"
Governor Morrow explains that
it is predetermined and points on,
that the possible discovery and de-
TeiOpment Of new fields may cause
the volume of trade in that com
modify to decline as rapidly as it
grew. He adds that important con-
tracts have been made, extending
over long periods, and, at the pres
ent fime he sees no indication Of
a slump. -
japan was the sole nation among
The maritime powers of the world
to show a decrease in its shipping
through the canal in the fiscal year
Of 1923. All others shared in the
increased traffic and sent Rgreater
tonnage through the water way in
1923 than they did in 1922.
"The United States made the
.'~o~ gains the report says,
increasing from 1,o95 vessels to
1894" and carrying 1868 per cent
of the average cargo moving
through the canal; British vessels
25-2 per cent; Japanese As ond
Norwegian6' g."
An analysis Of the traffic thru
The canal by principal trade routes
shows the most notable increase
was in the United States inter-
coastal trade. This traffic increas-
ed from 2,562,527 tons to $685.
553.
There is also a great increase,
the report adds, in trade between
the east coast of the United States
and the west coast of South Amer
lea, cargo moving over this route
in both directions increasing from
1913, 1923 tons in 1922 to 2,954,523
"a 1928. Chilean nitrates and iron
ore and Peruvian oillwere the lost
important single items in the total.
The trade between the east
coast Of the United States and the
Far East fell of from 2,031,4S7
cargo tons in 1922 to 1,909,285
cargo tons in 1928.
The trade between the west
coast Of the United States and Er-
rope showed a slight decline in car
go handled, when was balanced by
an increase in the trade between Eu
rope and western Canada. II the
two sets Of statistics are combined
as is logical, since, vessels trading
to the west coast Of North Amer
lea commonly call at both Canadian
and United States ports and it is
difficult to make an accurate seq
regation of corgos on the basis OF
the declarations filed at the Pana-
ma Canal, then the cargo handled
between the west, coast of North
America and. Europe, both direc-
items included, shows am increase
from 2,058,704 tons in 1922 to D.
511,79i tons in 1923, or approx
mately % per cent.
The trade between Europe and
the west coast of South America
increased from 946,931 cargo tons
in 1922 to 1,759,986 cargo tons in
1928.
g'These are the importsnt trades
through the canal and account Tor
83,4 per cent o fall cargo handled.
of the minor trades, that between
Europe and Australia continued to
decline, but there was an increase
in the trade between theseast coast
Of the United States and Austral-
ASIA y
In reviewing the affairs of gov
eminent in the Canal Zone during
the last fiscal year, Governor Nor
row says correspondence with the
Republic of Panama was exclusive
" of a routine nature. In the mat
ter Of the proposed treaty between
the United States and the Republic
of Panama, he adds:
"a general revision of the eX-
isting agreements between the
United States and the Republic OF
Panama embodied in the Hay-Bu-
-nau Vanilla treaty, the so-caied
Taft agreement and the interpreta-
ticals that have been placed upon
both, affecting the operation of the
canal and the reciprocal rights and
duties of the two governments, has
been desired for some time by both !
and negotiations with that end in
view are pending between the State
Department of the United States
and the Department of Foreign
Relations of the Republic of Pan
ANA.