Telegram-herald., 1889-10-24
HOW TO DkvELOe TRADE.
Kas Grs-s RisIa il Csatr.l .Aa sszth
Au4=ftea-

Lo44 ~ .Ay Ll4k TIE business CI 81
those countries naturally belongs - Us
But tne problem = hOs are &c % get
- How are ws % induce south Amer
cans 70 stop consuming European pro
duets. ~ shich they have been accus-
toned for 30 many years, AMI persuade
them 70 lake ours instead These ques-
tons 40 most respectfully answer Ia
tlls say.
Let Congress enact L2w appointing
a commission OF merchants OI EeCog-
nlled abll.Jy and integrity men who are
beyond Lle .dea Or using their appoint
meut % promote . Job of any k.nd,
nieu whose standing ia the community
WlN he sufficient guarantee % the
publc tnat what they DO or recommend
60 b. d0le wll not be for the benefit IT
any seCL0n Or ring, bat tor the benefit
II the country al large, and
men who thoroughly understand
what IS requisite % develop ghls South
and Central American business. And
To thls cOmmi sslOn OK merchants thor
Oughly study the question, aud advise
tle Government as 10 what lines of
steaIasl. ps are required 20 develop the
business with the various important
Business centers IA Central and south
America. Let them lay out al the
routes required 90 open up the trade.
Then let COngrt - pass a law authOriz-
ing the President or the POst-Ofilce De
partment 20 advertise for fast and
regular service % those ports weekly,
fOrtnightly or monthly, as may be re-
qurod, and let the Government guar
ante6-eQ the stockholders IN the COM
pany or companies which may be
formed for this purpose, TO per cent. on
Their capital for ten years.
Ten Der cent. on the capital Of a
steamship company j. not excessive, as
it Is perfectly falr % allow per cent.
for depreciation. To compensate the
Government for TINS guarantee let il
require that the rates OF passage be
! kept at figure 50 low that It Will IN
/ duce travel 20 our ports. The freight
rates Will take care of themselves, or
rrther Will be taken care of by the
/ British ocean tramp, who IS always
/ careful 70 be on hand when a good
/ freight ls going, or when any one else
has built up and. developed a good busi-
/ ness. let them require that
| the ships be built in the best
I manner, OF great speed. Let them
I be built 10 such manner as 10
/ be credit 10 our country and the tlag
| which they carry, and that they shall
meet all the requirements Of the Navy
/ Department for fast cruisers or COM
| pNrce destrOyers, and IN the event OF
war let the Government, in cOnsldera-
ton OF their guaranty. have the right
| TO take these vessels. should they need
them, either at a fixed price for pur-
| chase, or at = fixed price for charter, at
the time when they may require them.
! TINS Will do away with the necessity of
a naval reserve bill, and provide the
| Government, IN case of war, with the
| finest feet of fast cruisers in the world
at a comparatively small expense.
Let Congress give special charter
] for bank with a capital sufficient to
enable il to have agencies in all the
principal cities of Central and South
America, this being a requisite of the
| charter, and If necessary, let us guar
anty this bank three, four, or even five
per cont. on its capital, which should
not be less than ten millions, to enable
Il to do the business that would be re-
| qulred of 1t. The capital of the banks
| engaged IN this South American busi-
| ness in London alone far exceeds any
such amount named, and all of them
are dong a profitable business. The
! London and River Platte Bank, during
this last fiscal year, paid the stockhold-
ers fifteen per cent, besides passing a
| round amount TO Is reserve fund.
As soon as we have established our
steamship lines and our bank, and thus
| shown the people of these countries
! that we desire to trade with them and
| nave furnished the means TO develop
| inis trade, let US appoint capable men
As ministers to these countries, and In
stead of spending their time attending
! dinner parties and flirting with the la
| dies, let these gentlemen earn their sal
| aries by negotiating reciprocity treaties
/ with these countries, and carry ont the
principle which the lamented Arthur
endeavOred TO inaugurate with the
Cuban treaty, but which the Demo
| cratic President withdrew from the
! Senate as one of hls first Official acts,
| because II did not meet the views of
| that enlightened and distinguished gen
! tleman who filed the post OF Secretary
OF state during his Administration, and
| who succeeded IN making as the laugh
ING stock of almost every civilized gov.
eminent. Supposng all this to have
| been done, what would be the result.
| We should open the eyes OF the people
Of Central and South America to the
fact that we existed as a great nation,
! capable of building our own ships and
dong our own carrying trade, fact
that many Of them may well have rea-
son 20 doubt, as our flag Is At present
almost, II not quite, unknown to most
OF them. England has long ago demon.
stratcd the fact that commerce follows
the flag.
| Furthermore, by negotiating re
| CiproCitv treaties with the various
countries OF South and Centra
America, We shall increase our busi-
ness with them, and while so doing, at
the same time gradually reduce our
| revenue. and thus decrease our surplus
without the necess tv of any radica.
| free trade measures The absurditv OF
the free trade mania and the advantage
of reciprocity, or II we may so call t
fair trade, between nations can bs
easily illustrated. Take, for instance
our trade With Brazil. We admit then
/ coffee, which is their principal product
| free OF duty. while they collect an eK-
port duty on every pound we consume
Now Il We warned Brazil that unless
/ she agreed 20 admit our lumber, flour.
petroleum and manufactured good.
free Of duty, or at all events material
| ly reduce the present duties, and rc
| move the export duty from cohee
/ that We should put a duty on her
/ coffee. she would DO 30 at oucC.
/ To cover all the business centers in
| South and Central America. both Oh
the east and wast coast. with steam
| --.- L---s su-n "a ~ have .L---s-..