A SERIES OF STUDIES BY SPECIALISTS
J. E. SPURR, Editor
First Edition
Second Impression
Royalties received from the sale of this book will be
assigned to an institution of learning to finance
further studies along the lines followed in the volume.
McGRAW-HILL BOOK COMPANY, Inc.
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1920
Copyright, 1920, by the
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PREFACE
The purpose of the accompanying series of studies is to shed light upon the vast importance of commercial control of raw materials by different powers, or by the citizens of those powers, through invested capital. The question of domestic and foreign governmental policies of the United States is closely involved. It appeared to many of us who were engaged (as all the authors of these papers were) in studying the mineral problems during the war, that our Government had never grasped the vast political significance of commercial domination, and especially of the control of mineral wealth; and that other more seasoned nations had done so, and thereby affected the interests of America and her policy very deeply, without her being aware of the circumstance.
With the rapid increase of the world’s population and the exploring and exploiting of the hitherto undeveloped natural resources, competition for this wealth has become and will still become keener. In past ages war, pestilence, and starvation held down the earth’s population; and in the last few years all these grim spectres have returned in force, suggesting the possibility of a permanent return of the old primitive days. Nevertheless, modern science and organization, if not quenched by vast social disorders, will so safeguard life, as in recent times, that the world is in a fair way to become crowded. All of us, like Germany, yearn for our “place in the sun,” and our share of comfort and power. Of all the fundamental necessities for this, nothing is so much in the nature of a fixed and unmultipliable quality as the metals; they constitute the basis and foundation of our modern civilization and power over man and natural forces. Other raw materials are of vegetable or animal origin; they propagate and duplicate themselves in successive incarnations according to the law of life; they are born in some magical fashion of air and water, with a minimum of the earth, and they return their loans faithfully to air and water and earth with the passing of each generation and the dawning of a new. There is the hint of such a law of growth in the mineral kingdom, but it is so vastly slow that the evanescent animal man has no personal interest in it; for all his purposes and by all his standards of measurement it is inert, and these riches, once dug and used, will never again be available. The treasures of commercially valuable ore-deposits have been hid by nature whimsically throughout the earth, here and there, by no rule of geography or latitude, and with a great disregard of equality. A nation’s needs or desires for mineral wealth have no stated relation to its actual mineral possessions; what it needs is often in the territory of another nation which does not need it. Commerce is thus born, and the nation which must have the metal or ore in question backs up its commerce and helps it to fasten its claims for permanent control of the deposits in question, by legislation, by diplomacy, and, if need be, by war. In the case of war, the metallic prize falls to the strongest—usually the nation which before, through its necessities, exercised only commercial control, but which, as the result of the trial of strength, now frankly asserts its sovereignty.