The Seattle Star Newspaper, December 31, 1919, Page 25

THE SEATTLE STAR—WEDNESDAY, DEC. 31, 1919 “SEATTLE FACES TRADE WAR ON JAPANESE Billions in Commercial China, Japan and Siberia, great rich empires, Ne at the doors of Se Attle shipping. Twothirds of the | population of the world dwells across Pacific, Countless appetites are Wealth at Stake in Near = "chisssr etasss East Where Nippon Rules |: "ne gee BY FRANK C. DOIG (Publicity Director Chamber of Commerce) fea can supply. If the Pacific coast ports will be needed to take care of the shipping developed How China has been converted to modern methods is indicated by the The world’s greatest cities have been built up largely on|%@t that ten years ago it was de foreign trade. clared electric traction was unsuit Germany before the war was an example] oq to the life and habita of the of the potency of foreign commerce in the development of! population. Put this year the communities, into a surplus producer. % ~ around. "The foreign trade of Germany in| ) . US80 was so small as to be scarcely "Worth setting down. In 1913, 22,000,- tons of shipping cleared and en F. tered the ports of Hamburg, Bremer: | A baven and Bremen. Her trade with | O® America in 1880 was $100,000,000, | E while in 1914 tt $860,000,000 and | | Rer shipping was” entering almost | every port in the world. At that time her tmports exceeded her ex- | Porta by abou: one billion dollars| “Yearly, indicating the enormous} Wealth that was rolling into the Pockets of her people. Japan furnishes another striking “@xample of the benefits of foreign | trade. In 1872, with ecarcely any Modern ocean terminal facilities, her ecommerce amounted .to 43,000,000 yen, while in 1916 Japan's commerce | Feached a total value of 1,833,000,000 | Yen and she had 2,100 banks with 3.300 branches in many parts of the | World. having a capital of 949,000,-! 000 yen, a surplus of 126,000,000 yen and a gold reserve of 700,000,000 yen, | @f which 490,000,000 yen was de 2 ited in other countries to aid her! ign traders. ‘. Ocean Ports Grow _ New York, Philadelphia, Boston, Baltimore and New Orleans grew ch and large in discharging goods For the German empire solved the problem | Shanghat electric cars will carry of intermittent idleness and turned the surplus manpower : Foreign trade developed her free) ernment raiiroads in China show the ports into great manufacturing centers operating the year |»«me P | Just a few leas than 100,000,000 paw sengers, The recorda of the gov thing a constant, steady growth of from 20 to 30 per cent each year ‘These facta merely serve to {tus trate one of the great problems of | the Par Bast, that of intercommunt cation, When it ts realized that the into foreign markets, Had it been otherwise the cities of the Great/ Lakes would have outstripped the tidewater communities because of the Increasing purchasing power of ae emia pe Pewee, P mss | population of Manchuria jeiderably Jarger than France and ‘These same vast opportunities for!) Germany together, and at the foreign trade await the tidewater | average province in China has a far cities of the Pacific coast, and Se! greater population than Spain, it attle is in an especially advantag:| wit) be seen what modernization will eous position for grasping a large| mean when it really starts, share of this business, While Amer- | foans etill look at the Far East thru | Mast Build for Future Burope, the British and the French! go far as Seattle ta concerned the are sounding such slogans aa “Lon-| conclusion is obvious, that this eity don to Bagdad and Peking,” “Paris|must build for the future. The to Peking,” and “By Rail and By | housing situation in Seattle has a Air.” different aspect than that of many Comparatively few Americans| other cities In which Industrial ex realize: pansion was only transient for the That the United States f* nearer| duration of the war, Seattle must Asia than it is to South Amertea.|not only bulld for the present, but to the shores of Asia }for the future, for she needs thous That Manila, an American posses-|ands of houres now and will need sion, is nearer China than ia Tokyo. That the United States, including | ion of the trade with the Far Kast insular possessions, has a greater Due to her advantageous gvograph Pacific coastline than hae any other | ical position, Seattle will receive the nation and probably aa great aa| bulk of the commerce of the Orient Japan and China combined. |and will be one of the great ex That the United States because of| change points for men, machinery its closeness is entitled to consider /and capital for the development of itself especially Interested in China| Siberia, China and other vast terri and other Fur Eastern countries. tories across the Pacific. National Association of San Francisco. Founded 1864. Assets Nov. 17, 1919 - - - $130,678,687.55 many more with the positive expan: | Foreign Trade The Bank of California, National As- sociation, San Francisco, and its branches in Portland, Seattle and Ta- coma, constitute one Association un- der one management and depositors at any one of the Bank’s offices have the protection of the entire Capital, Surplus and Undivided Profits of the Association. Banking Facilities SEATTLE BRANCH Godfrey L. Wakeman Superior facilities for conducting all banking matters incidental to the growing foreign trade of the Pacific Coast. We buy and sell Foreign Exchange; issue Drafts and Cable Transfers, Commercial Credits and Travelers’ Letters of Credit available in all parts of the world; make collections on all points and conduct a general foreign and domestic banking business. GEO. T. S. WHITE, Manager L. *. Macklem Assistant Managers SEATTLE, U. S. A. J. C. Glass *Covernment eatimate @ sue *harley *hye . “lay Lumber s\Vomtock Shipments to Spur Alaska of wharves (covered and outside track capacity of wharves ....... SEATTLE STATISTICS FOR CALENDAR YEAR 1918 (Compiled by Statistical Bureau, Seattle Chamber of Commerce and Commercial Club) WASHINGTON STATED A (approximately) << tiie Bhipr SEATTLE NSPORTATION I ntinental Railroads ... ines ne Second Avenue, Seattle, lapk- ing south from Columbia Street,, showing the Alaska Building in the foreground, home of the Scandinavian American Bank— resources in excess of $23,000,- 000—largest state bank in the State of Washington. *RODUCTION 4 * 0,000,000 ft 294,000 0 0 624,198 canon $,580,000 bu. ACILITIES ‘ rep 4.198.424 short tons | KA COMMERCE —19i8 . nents from Alaska rage capacity of wharves and adjacent wa y ninery and Steet Storage . ° a met cays etable Oil .): SEATTLE INDUSTRIES e nu yed in shipyards...... | Ave month jl shipyards Number and t f @, 1917) tit De Nt re $14,622.146.00 | 1,654,000.00] Seattle wan first wettled in 1851 Jannual Indust In 1884 $85,423,568 unde, 1.820 acres, Miles of 22.9 inches. G14 degrees weln launched from entry 6f 1 pw DW. Dw. iret railroad reached | pay roll, two hundred million dollars. square miles; water, 36.91 square miles ulevard, 81. 4,000,000 Gal. 1,200 55,000 125,000,000.00 19 20.000 $5,000,000.00 tons 696,700 tons 135,850 tons 822,550 the city. Present Capacity of reservoirs and standpipes, 272,000,000 000,000 gatlonn 101 Acres 2,000 Care f the 76,000. d cheapest power rate for factories, Tniversity of Washington. —