Show STUBBS DEN3UNCES CANAL Would Hurt ShipCarrying Trade of United States Chicago Aus 2tThe construction of an Isthmian canal was vigorously denounced here tonIght at a banquet given by the National Association of Merchants and Travelers by J C Stubbs vicepresident of the Southern Pacific Railroad company His argument was that the opening of such a canal would hurt the ship carrying trade of the United States Mr Stubbs asserted that the United i States would dig the conal at in expense 1 1 ex-pense of 150000000 to 200000000 and I would then be obliged to hire English I German and French ships to carry the Nations commerce through It The United States he said would be I mortgaging Its resources or taxing its citizens to make a highway for the I ships of rival nations Inasmuch as I Great Britain and Germany are the 1 strongest competitors of the American I manufacturer In the markets of the world and these two nations own more I than two thirds of the worlds steam tonnage available to oversea com I I merce vhlle the United States owns Jess than 5 per cent |