The Struggle for Imperial Unity: Recollections & ExperiencesDenison, George T. (George Taylor)
History
The Struggle for Imperial Unity: Recollections & Experiences
Denison, George T. (George Taylor)
Canada -- History -- 1867-1914
Our militia should be largely increased, and supplies of all
kinds provided, and in agreeing to do our share in developing and
strengthening the military resources of the empire, in our own
borders, we could fairly ask the mother country to remedy a danger
which at present menaces the safety of our race.
I spoke very plainly on this point of the food supply last year, but
the intervening months have produced such strong evidence in support
of my arguments that I wish to draw attention to the subject again. I
said last year that an embargo on foodstuffs in Russia and the United
States, rigidly carried out, would force the surrender of the mother
country in a very few months. I have been told by trade theorists in
England that the demand would create the supply, and that England
could purchase food through neutral countries. I argued that an
embargo by the two countries mentioned would necessarily be followed
by an embargo in all important countries at once, and in all other
countries as soon as their surplus was exported. This last year has
seen this view triumphantly vindicated. Mr. Leiter effected a corner
in wheat in Chicago, purchasers became alarmed, prices increased, and
wheat began to be picked up in other countries. What was the result?
Spain, a country which about feeds itself, put on an embargo. I
believe Italy did the same, or was on the point of doing so, while an
embargo was being discussed in France and Germany. If this could be
the result of the cornering operations of one dealer in one town in
one exporting country, what would have happened if those two countries
which control nearly nine-tenths of the wheat exports of the world
were to withhold that amount?
Public-domain text, read in full here on John Shaqi.
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