Editorial note — Chapter V · ACROSS THE WATERS[48]

In the year 1900 began the great tendency toward consolidation in railway interests. Nor did the sequence cease at this point. In the same year there were begun, for use upon the Pacific Ocean in connection with this same transcontinental route, five giant ocean-going freight ships, the largest yet known, each to be 750 feet in length, of 74 feet beam, and with a carrying capacity of 22,000 tons. These ships will carry American cotton to Japan, for use instead of the short-staple cotton of India, until recently used by Japan. They will enable the railroad-builders of Japan to figure as exactly on the price of a ton of rails as can the contractor of Kansas or Nebraska. They will lay down a barrel of Minnesota flour in China or the Philippines at a cost for carriage of not over $1.25. All this shows to what extent American commerce, made active by American transportation methods, is invading the markets of the world; for, at this same time, Russia can not lay down a barrel of (an inferior) flour at the seaboard of China for less than $4.25. Surely our prophet of 1855 dreamed more wisely than he knew!