The Washington times., 1924-11-21

Quency Of sailings so that many
more. shippers would become regu-
var patrons Of our American flag
ships.
Then, however, the shipments BY
fall off.
We compete with Britain now In
selling, in lending, in carrying. We
compete as exportefs, as investors.
as sailors. We compete in all three
essential ways in which nations
can compete internationally.
In fact, the competition between
the United States and Great Brit
ain is the supreme outstanding in.
ternational competition of this mo.
ment.
Our export trade, in spite Of all
the growing about 1t. keeps quite
steadily growing. 1t was bigger
In 1928 than in 1922. 1t was big
ger in the first nine months OF
this year than In the first nine
months OF last year.
Our investors in foreign securi-
ties are becoming more adventur.
GUS and willingly take up a loan
of the city Of Trondhjetn, which is
In Norway all right, but the very
spelling of which would have
frightened most American invest
ors a few years ago.
Our Shipping Board officials are
absolutely determined to arrive at
their ambition Of carrying fifty
one per cent Of our exports and
imports in American bottoms
The English.speaking rivalry
walks on the heels of that Eng
disappearing understanding so
much discussed on both sides Of
the Atlantic.
Predict Strained Relations.
In shipping circles It reaches an
especially acute stage. Both the
British and the American side of
the matter are sensitive and asser.
tive.
Some prophets predict strained
relations soon between the two
large English-speaking peoples be-
cause, of all these rivalries.
This writer ventures to predict
that in fact there is going to be
so much business for everybody
that all rivalries win be softened
and cushioned by ease Of getting
business and by profit in han
ding 1t.
There are now in the world
nearly fifteen million more cotton
epindles than there We're ten years
ago.
We now raise and eat twenty
five per cent more sugar in the
world.
We have increased the annual
output of wheat, rice, rye. barley.
oats. and corn together by more
than eighty million tons.
There are twelve times as many
automobiles now In the world as
there were ten years ago.
Consumption il Increasing.
The worlds production and con.
sumption, instead of going down
are going on so fast that things
seem bound to happen.
One OF them has already begun.
People are turning away (except
In Russia) from governmentaliZing
radicalism and are more contenteti
with institutions based on private
property.
The next Is that rivalries between
Great Britain and the United States
which by all precedents from Roms
and Carthage down. ought to make
a war, will make only stiff peace
eul competition, out OF which enor'
nous new wealth for both countries
win be produced. The sum Of the
matter would seem then to be
simply this:
The United States, with tranquil
lily assured at home, looks abroad
It sees new chances to sell goods
abroad. 1t sees tremendous new
chances to find investment for its
new money abroad. 1t begins
really to want ships OF its own
abroad. In all three matters 1t
encounters the British, whom 1t
might possibly drive from the
scene were 1t not for two things.
1.-The British, besides sending
goods and capital and ships abroad,
send men. We-relatively-no not.
The British young men who go and
1--WE in foreign ports all their lives
give Britain a personal advantage
for which we have no parallel.
2-There is going to be so much
business, If present indications are
fulfilled, that the next international
era will be an era, not of English
speaking ill-will, but simply Of an
unprecedented expansion of world
prosperity under English-speaking
auspices.
Copyright, 1924, BY Current News
Features, Inc)
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