Saturday, March 9, 2013

Suez Chief Praises Panama.

New York Times 100 years ago today, March 9, 1913:
Europe Wrong, He Says, in Thinking It Will Not Affect Old World Trade.
    PARIS, March 8.—Edouard M. Quellenne, Chief Consulting Engineer of the Suez Canal, does not share the view prevailing in Europe that the Panama Canal will have only a slight effect on the trade of the old world.
    He told the Commercial and Industrial Association of France to-day that the new canal would greatly favor exchanges between the Eastern part of North America and the Pacific Coast, and would create fresh currents of commerce between the United States and the Far East. It would also establish serious competition with Europe for the trade of those parts of the world. Still the Suez Canal would, in his opinion, remain immensely important.

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