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exceeds the half. A European war would
exercise a paralyzing effect here. Every one
who has any conception of the influence of the
price of corn on, to speak broadly, the whole
civilization of modern times, will easily
understand this.
Before the century closes this development
will have woven a net of common interest all
over our continent, and necessarily called forth
such a sensitiveness in the corporate body of
Europe, that, for example, an injury in the foot
of Italy may be said to cause pain right up to
Norway.
The merchant fleet of Norway, alone, is
indeed the third in rank of all the merchant
fleets of the world. As is well known, the
united kingdoms take an advanced place in
the carrying trade by sea. According to what
was told me by a distinguished merchant, the
transport trade undertaken by Norwegian and
Swedish ships between foreign countries is
five times greater than that between home
and foreign lands. Consequently, as the keen
competition between steam and sailing vessels
increases, the only country which can dispense
with the service of our sailing vessels is
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