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| SMOOTH-ON IRON CEMENT 26 MR. WHITELAW REID ON THE SHIPPING COMBINATION. The centenary of the American chamber of commerce of Liverpool was celebrated last Saturday night by a banquet, at which Mr. Whitelaw Reid, who was the American special envoy to the coronation, was the principal speaker. He said in part: "Tf you have sustained the threatened dangers of the recent past you can surely face with equanimity the terrors of Mr. Morgan. It is not for me to speak for that most capable man or for the great masses of capital that he directs and the great enterprises, largely American, which he rep- resents, Still less would I think of venturing an opinion as to the wisdom or unwisdom of the huge combinations he is organizing or as to their desirability for investors, their safety for the business world or their effect either on national interests or international relations, but as a mere on- looker I venture to suggest that the apprehensions aroused by the recent changes in shipping with which his name is identified appear somewhat exaggerated. In no case does your power to secure at will for your naval service as many cruisers as ever seem to be in the least imperilled. Ships built in your ship yards are forbidden to pass to our flag by a law almost as old as our history and almost as hard to change as our constitution. "If you accept what you think is the gloomiest view of the future control of the Atlantic carrying trade it does not follow that New York would use that control to weaken the port most important to it. Even monopolies are not supposed to thrive by damaging their best customers. Besides, monopoly in this case is fanciful. It does not and cannot exist. 'Nature abhors a vacuum' and just so organized society abhors monopoly. All the forces of nature fight against any large formation of the one and all the forces of civilization against the other. None has been created in this business, and I think none is desired. I know none can long be suc- cessfully maintained. But is it necessarily altogether disadvantageous to the trade of this great port to have at least some certainty as to its busi- ness, some knowledge of what it can count on six months in advance? Surely, nothing can come nearer to reducing the legitimate trade to gambling than such features of the old system as violent fluctuations in freights, with cut-throat rates at times of hungry competition, followed by efforts to recoup later by sudden combinations or an excessive advance. When a company of men, no matter who, invest their aggregate capital so enormously in materials so perishable, while all the forces of trade tend to discourage the growth of rivals, the very law of such a company's being is steady and conservative management, together with fair-minded liberality, which is the necessary offspring of enlightened selfishness. "Consider, besides, the advantages to a nation, which is sometimes said to be isolated, and which is certainly not always loved, of a great neutral fleet in which its food might be borne safely in spite of any pos- sible enemy. I said any possible enemy, for I do not for a moment admit the possibility of war again between our nations. Whatever else may happen that is no longer thinkable. Nature revolts against it. All the vast interests of that vast body of English-speaking peoples, who, in both hemispheres and all the continents and seas, lead the world upward, forbid it. We talk from time to time of this government or that approaching a situation, where, like ancient Rome, it can govern the world. That is idle dross. History does not thus repeat itself. Neither your own great nation nor ours will ever govern the world or seek to, but the time does visibly draw near when solidarity of race if not of government is to pre- vail. There can then be no question as to what race is to press to the front in the material, intellectual and moral progress of the world. There is no question that its kindred people will march together, proud of which- ever is foremost and filled only with generous emulation. Each will lead the other in one common, inspiring advance." 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[July 24 ---- neni There have been launched in the United Kingdom during the past six months 289 vessels, totalling about 668,533 tons gross, as compared with 965 vessels, of about 725,472 tons gross, .in the corresponding portion of last year; 281 vessels, of about 611,292 tons gross, in 1900; 328 vessels, of about 697,102 tons gross, in 1899; and 368 vessels, of about 686,137 tons gross, in 1898. English ship builders in June put into the water twenty-one vessels, of about 44,073 tons gross, against twenty-five vessels, of 74,446 tons gross, in May; twenty-two vessels, of 76,818 tons gross, in June last year; anq twenty-one of 73,077 tons gross, 1n June, 1900. - For the six months Eng- lish builders have launched 125 vessels, of 354,029 tons gross, as compared with 126 vessels, of 422,699 tons gross, in the first half of last year, Cabins and staterooms of modern vessels especially those in the passenger service should demon- strate the supreme possibilities of the wood finisher's art. This demands a special varnish however, as atmospheric conditions are more destructive to varnish afloat than ashore and the ordinary article is of but little use. The varnish best adapted to with- stand the deleterious influences of wind, wave and weather is "BERRY BROTHERS' SPAR VARNISH." Further particulars and a unique ma: rine puzzle sent free for the asKing. Write us. 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