The Organization Of Ocean Commerce (volume 17) by Joseph Russell SmithThe Organization Of Ocean Commerce (volume 17) by Joseph Russell Smith

The Organization Of Ocean Commerce (volume 17)

byJoseph Russell Smith

Paperback | February 2, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905. Excerpt: ... CHAPTER VIII. THE PROBABLE EFFECTS OF THE PANAMA CANAL UPON OCEAN TRADE ROUTES AND COALING STATIONS. There is no better way to realize the world character of present commerce than to speculate upon the probable changes to result from the opening of a canal across the American isthmus. The effects of this new inlet to the Great Pacific will run through the world's commerce like new gold in the currents of financial circulation. There is no limit to the field of its influence. The trade of all the great nations, and of most of the secondary ones, will be directly affected; every one of the great trunk routes for both steam and sail will become of more or of less importance as a result of the opening of this new highway between the two greatest commercial oceans. It is impossible to fortell with exactness the extent of these changes; indeed, it will be impossible to state them statistically when they have occurred, unless in the interval statistical work of a hitherto unprecedented character is taken up and completed. Two elements confuse any estimate of the probable use of an isthmian canal: (a) the rate of toll, (b) the improvements in the methods or cost of navigating ships. (a) The Panama Canal is not, like the Suez Canal, to be the money-making scheme of a private company. Nevertheless, tolls will almost certainly be charged, and, as with all other canals, the rate of toll will affect the extent to which commerce will use the waterway. The question of toll rate is of especial importance in the management and traffic of the Panama Canal, because such a large proportion of its trade might be driven to other routes by high rates of toll. In this respect it is signally different from the Suez Canal. The American canal has four main fields from which and to ...
Title:The Organization Of Ocean Commerce (volume 17)Format:PaperbackDimensions:50 pages, 9.69 × 7.44 × 0.1 inPublished:February 2, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217602878

ISBN - 13:9780217602877