Trade and the Flag 55 



and other regions will be developed if stability of government is 

 assured that capital may safely invest. It is of small moment to 

 the commercial world what nation plays the part of policeman 

 so long as a good job of policing is done. The present colonial 

 trade situation may be summarized in this way : " On the whole 

 Adam Smith's dictum that while each nation has managed to 

 engross the inconveniences of a colonial empire, the advantages 

 it has been compelled to share with the whole world, is just as 

 true to-day as it was in the century before his time. New colo- 

 nies founded to expand trade buy as largely from foreign nations 

 as from the mother countries, while the imperial expenditures on 

 them and in them often exceed the sum total of all their trade." 187 



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Allen, Horace N. Things Korean. New York, 1908. 

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Barre, Andre. La Bosnie Herzegovine. Paris [1907]. 

 Bigelow, Poultney. Children of the Nations. London, 1901. 

 Bigelow, Poultney. White Man's Africa. New York, 1898. 

 Bourne, H. R. F. Civilisation in Congoland. London, 1903. 

 Brown, A. Samler. Madeira and the Canary Islands. London. 



1898. 

 Burrell, Leonard M. "A Plea for Absolute Free Trade," in 



J J 'est minster Review, 160: 477-499. 

 Caldecott, Alfred. English Colonization and Empire. With a 



supplementary chapter by F. A. Kirkpatrick. London, 190 1. 

 Carstensen, A. Riis. Two Summers in Greenland. London, 1890. 

 Clayton, Paul B., and Anna. Lcs colonies francaiscs. Paris, 



1889. 

 " Colonial Administration," in Monthly Summary of Commerce 



and Finance, October, 1901. Washington, D. C. 

 Colquhoun, Archibald R. Mastery of the Pacific. New York, 



1902. 



Davidson, Commercial Federation and Colonial Trade Policy, 140. 



231 



