OCR Text |
Show CHINA HAS k pi Aore Coal and Iron in Yangste Valley Than Rest of the World San Francisco, Dec 5. "China has the means of becoming the greatest commercial nation ot the world," said Captain Robert Dollar, head of the Dollar Steamship Lino, and member of the Pacific Coast Commerce commission com-mission that returned yesterday from a tour of the Drk-nt. lie was speaking speak-ing particularly of the country's coal anl iron resources, mentioning that the party had visited tho iron mine at Hanyang, where there is a hundred hun-dred years' supply of ore lu sight. He said this was the only iron mine onerated in China, although experts etslmated that the Yungste valley htld more coal and irom thau all the rest of the worlJ. Lick of capital, he believed, was the prmcipal cause of delay In developing these resources. ' But," he declared, "any couutry that has an abundance of Iron ore and coal with any amount of cheap labor, and all wilnln reach of oceangoing ocean-going steamers, has the means of becoming be-coming the greatest commercial nation na-tion in the world." Speaking of the prospects of building build-ing up commerce between the United Slates and China, Captaiu Dollar said this country was grc.itly handicapped by the lack of a merchant marine. Competing nations, having their own I vessels to deliver their merchandise i and carry China's products away, gained a big advantage in the com-tiitrclal com-tiitrclal contest. |