to-day operate practically all the fisheries of the Pacific. England knows this and in the North Sea and off Newfoundland protects her fishermen and draws from their ranks her seamen. Japan dominates seventy-two per cent. of the commerce of the Pacific, not through chance, but through her merchant marine built up from rough grimed fellows who quarry the silver mines of the sea. England dominates the Seven Seas of the world, not through her superiority man to man against other races, but through her merchant marine, carrying the commerce of the world, built up from simple fisher folk hauling in the net or paying out the line through icy salty spray above tempestuous seas. No power yet dominates the seas of the New World. The foreign commerce of the New World up to the time of the great war was carried by British, German and Japanese ships. Canada has the steel, the coal, the timber, the nursery for seamen. Will she become a marine power in the New World? It is one of her dreams. It is also one of England's dreams. No country subsidizes her merchant liners more heavily than Canada[8]--in striking contrast with the parsimonious policy of the United States. It is Canada's policy of ship subsidies that has established regular merchant liners--all liable to service as Admiralty ships--to Australia, to China, to Japan and to every harbor on the Atlantic. Whether heavy subsidies to large liners will effect as much for a merchant marine for Canada as numerous small subsidies to small lines remains to be seen. The development of seamen from her fisheries is one of the dreams she must work out in her destiny, and that leads one to the one great disadvantage under which Canada rests as a marine power. She lacks winter harbors on the Atlantic accessible to her great western domain, whence comes the bulk of her commerce for export. True, the maritime provinces afford those harbors--Saint John and Halifax. A dozen other points, if need were, could be utilized in the maritime provinces as winter harbors; but take a look at the map! The maritime provinces are the longest possible spiral distance from the rest of Canada. They necessitate a rail haul of from two to three thousand miles from the west. What gives Galveston, New Orleans, Baltimore, Buffalo preeminence as harbors? Their nearness to the centers of commerce--their position far inland of the continent, cutting rail haul by half and quarter from the plains. Montreal has this advantage of being far inland; but from November to May Montreal is closed; and Canadian commerce must come out by way of American lines, or pay the long haul down to the maritime provinces. There can be no doubt that this disadvantage is one of the factors forcing the West to find outlet by Hudson Bay--where harbors are also closed by the ice but are only four hundred miles from the wheat plains. There can also be no doubt that the opening of Panama will draw much western commerce to Europe by way of the Pacific.