Manual of Ship Subsidies by Edwin M. Bacon
page 71 of 134 (52%)
page 71 of 134 (52%)
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CHAPTER XI JAPAN--CHINA While France is the bounty-giving nation _par excellence_, Japan is a pressing second. The development of a modern merchant marine, together with a modern navy, was among the first undertakings of the awakening empire upon her assumption of Occidental civilization. Adopting what seemed to her statesmen of the new regime, from their study of Western methods, to be the speediest way to that end, she started out energetically to attain it through lavish money-grants from the national treasury for the establishment of steamship companies of her own people in coastwise and ocean service, and of modernized ship-yards and shipbuilders. The initial venture resulted in the creation of a steamship monopoly. This was the subsidizing, in 1877, of the pioneer concern, to supply steam communication between various domestic ports, and also with Siberia, China, and Corea. It was founded by a broad-visioned Japanese merchant, Jwasaki Yataro,[FC] and controlled by him. To break his monopoly the Government in 1882 set up a rival State-supported company.[FC] After a period of "desperate competition" and warfare, Jwasaki persuaded the new concern to unite with his. So was effected a community of interests after the most approved Western pattern.[FC] By this union was formed, in 1885, the powerful _Nippon Yusen Kaisha_ (Japan Mail Steamship Company), which remained the most powerful of |
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