The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-16
THE AMERICAN EXPORT COMPANY

TIE AMERICAN EXPORT COMPANY
We are in receipt Of the Prospectus of
the American Export and Trading Com
pany and Of an accompanying pamphlet
containing the opinions OF tho leading
newspapers in regard to the possibilities
Of the merchants OF this country estab-
fishing o trade with Central and
South America. This pamphlet is
rather deceptive, for since the object OF
the company is TO secure subsidy
from tho Government the casual reader
is likely to accept them all as indorsing
that method OF protection. But this is
not the case. For instance, The NeW
York Herald, the first paper quoted
from, Is opposed TO both protection
and subsidy. And so is The New
York Graphic. Besides these, there arc
others 10 the same end. But there are
many newspapers quoted from that are in
favor OF subsidy. TIE APPEAL is, OF
course, opposed to all subsidies, and yet is
as eager as any Of the subsidy papers for
the establishment OF trade between this
country and the Nations OF Central us well
MS South America. Such trade can east
" be established under a commercial roci-
procity treaty which can be agreed on by
the Congress OF American Nations which
is TO meet in Washington in October next
But this reciprocity treaty must be based
on free trade because this is the basis ON
which England trades with those nations,
and 1t Is on this basis that she almost
monopoizcs their export trade. In proof
Of this let MS quote The Rio Jdneiro Ncr',
which treating Of our hys,erical agitation
Of the question OF trade with Central and
South America, says.
II Northern manufacturers wish to sell their
/ goods In these South aud Central American coun-
/ tries they must make up their minds 20 rciuoe
| their tariffs on imported wool, copper ami other
| prpducts which these mmo countries puiucc.
. There Il something extraordinarily san
,,uluc In the temperament Of American mechanics
aud legislators They feel that thoy ought 10 have
% controlling influence IN this great South Amcrl'
can trade aud they are doing an immense amount
Of talking aud planning over H. but somehow they
never get beyond oncr 10 sell an1 objections 10
buy. Their idea oi trade appears 10 be an exchange
Of manufactured goods for cash. no matter how IL
may be obtained They arr even willing 10 tubsl-
die steamer 20 carry ont the goods II they will
not bring bark anything except cash There Is
not a particle Of doubt but that American MGR
chants aud manufacturer. might largely Increase
their tmdc with the latin American countries. n
they would only consent 10 trade on equal terms
nut NJ long NJ Uncle sam refuses 10 take what they
can produce they will very naturally 50 and buy
where they can sell
This is the whole case In nutshell.
The Central and South American nations
are ready to trade with us on reciprocal
basis, but not otherwise. They have wool
aud other raw materials to sell. These
they are willingto exchange even. Throw
down the barriers that protection has
erected between this and foreign nations,
and We may in time be able TO secure n
third, hall, or oven two-thirds Of the
$4,000, 900 Of annual exports from Cen
trail and South America now gobblod up
by England, France and Germany. II
cannot DO done by subsidy, which Is a
very odious form Of protection, aud It must
be done on basis OF reciprocal benefits,
which Is only another name iorirce trade.