The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-04-16
EXTENDING OUR TRADE.
TIE BILL PROVIDING FOR AN
INTERNATIONAL
Conference OF American NatiOns-T
Majority Report Accompanying
the Measure.

WAsHNsToN, April 15-The bill re
ported today from the House Com
mittee on Foreign Affairs provides foI
an international conference, and au
thoriaes the President to invite The
governments OF Mexico and Contra
and South America to join the United
States in g conference to be held in
Washington, for the purpose OF rec.
ommeRding some plan OF arbitration
for the settlement OF disagTeements
and disputes that may hereafter arise
between them, and of considering
questions relative to the improvement
OF business intercourse between them.
Two hundred thousand dollars is APP
propriated to pay the reasonable ex.
penses OF the conference. The report
IL the majority Of the committee, and
dwells upon the importance of estaO-
fishing class relation between the
countries OF the American continent,
which contain in the aggregate 100.
100000 people, for the purpose OF
IMPROVING THR BUSINESS INTERCOURSE
OF these countries. The present de.
preston OF business and the low
price Of farm products in the United
States are caused, to a considerable
extent, by limited market for sur
plus products, while come OF the best
markets We can look 10 are not far be-
yond our Southern boundary. They
are nearer 70 the United States than
they are to any other commercial
nation. The people OF the South
American country produce much that
is needed by the people OF the United
States, aud our agricultural, manu-
featured and mineral products are
greatly needed by them. The COM
n,ittee goes on TO contrast the com.
merciR. relations OF the United States
with the South American natioua
with those enjoyed by Great Britain,
and declares that the disparity of our
trade with Peru, Chill, the Argentine
Republic and Brazil is both damag.
ing and Illuminating. Last year, IL
says, the ex orts of merchandise from
Great Britain amounted to SO, 235. 6S5;
from the United States, $742 los from
Great Britain into Chill, Sll coo, 600:
from the United States, $2,00O,OOO;
from Grea. Britain into the Argentine
Republic, -, 100000 from the United
States, 100000; from Great Britain
into Brazil, $34,0O0,000; from the
United States, $7,50O,OO0.
rHR CONSUMPTION OF COTTON GOODS
n Central and South America and
Mexico amount annually to nearly
100 OOO, 900, aud though these coun-
fies are 80 close to our cotton fields.
England furnishes about 95 per cent.
{ these goods. England monopo.
zed this trade because of her chean 1
transportation facilities add because
er mills furnished goods especially
tapted TO the wants and tastes of the |
which our mills have !
sver attempted to produce. II was :
Try important that transportation I
cllities between the United States s
I'd her Southernneighbors should be 9
lproved, Tor 20 long as the freight 8
om Liverpool, Hamburg and Bor- :
faux was SIS a ton the people of J
ose countries coald not be induced
pay $40 ton to bring merchandise 3
pm the United States. There was Il
u commercial city in those coun- y
es where the manufacturers OF the q
nited States could not compete with y
cir European rivals in every article u
hieh they produced for export. .
ARBITRATION. =
Discussing the arbitration feature of \
Q bill, the report says: While no =
heme may be devised by which ali -
I'd every disagreement and dispute J,
ay be submitted to arbitration in !,
Ich manner "a always to avoid an in !
rnational war, 1t certainly will be in -
cord with the civilization and !,
hristiahlty OF this age to seek to u
: blish a plan OF arbitration by y
i eh questions OF difference may be <
ged and settled peacsably. . .
Belmont submitted a minority \
r 1t has been published. y