The New York Times Current History of the European War, Vol. 1, January 9, 1915 eBook

This eBook from the Gutenberg Project consists of approximately 465 pages of information about The New York Times Current History of the European War, Vol. 1, January 9, 1915.
registration in the United States of vessels actually owned by belligerents or regard as anything more than masquerading their appearance under the American flag.  England has never recognized any one’s “right” to do anything at sea in time of war which did not accrue directly to her own benefit.  It is scarcely necessary to say that she will not allow trade with Germany or Austria while she can prevent it.  The only refuge will be the sale of the ship by the foreign owner to Americans who will trade with England, her allies, and strictly neutral nations.  As always in time of war, privateering and smuggling will be profitable, and trade with Germany, unless she is immediately victorious at sea, will offer to the adventurous plenty of risk and the certainty of huge profits.  During the Napoleonic wars the flats and bars of the German coast along the North Sea offered light vessels a great opportunity and the pursuing warships great obstacles.  A modern motor-driven light craft will now have an enormous advantage over destroyers or cruisers.  Here, as a century ago, many an American will find an opportunity to make a fortune.

The preoccupation of Europe with the war and the opening of the Panama Canal will afford the United States an unrivaled opportunity to develop trade with Canada, South America, Australia, New Zealand, India, China, and the Far East in general.  We have never bulked large in the eyes of these countries and there has been much speculation as to the reasons why the German succeeded so well in South America and why the Englishman did so much business in China.  Whether from sentiment or from a national habit that prefers English goods, the English colonies have bought more largely of the mother country than they have of us.  But now that the war has closed the German factories, called German commercial agents home, and sent German ships racing to neutral harbors; now that the Panama Canal brings us some thousands of miles nearer to Australia and New Zealand than they are to London via Suez; now that England will be busy manufacturing for Europe and will have less to sell her colonies, these particular parts of the world will probably be compelled to look for their manufactured goods to the United States.  Indeed, if one were not afraid of being accused of gross exaggeration, he might take heart and proclaim his conviction that a long and really inclusive European war would give the United States a practical monopoly of the South American and Pacific trade, provided always that the United States acquire by purchase a merchant marine and that the Panama Canal becomes feasible in January for large ships.

Foreigners Leaving America

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The New York Times Current History of the European War, Vol. 1, January 9, 1915 from Project Gutenberg. Public domain.
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