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.