New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-18
PLANS TO DEVELOP TRADE.
GREAT FIELD IN SOUTH AMERICA!
VOW THE GOVERNMENT MIGHT FOSTER NEW
LINE OF STEAMSHIPS!

g.
now THE GOVERNMENT MIGHT fosTEH a NE"
LINE OF STEAMSHIPS!
80 .hs Fusiuess Mems Republican
a..cc,stion ON Frtday evening, w. II. T. Hughes. Of
the ward steamship Line. read paper on tne DC
s,r,bI,ty Of developing trade between the United
States ana South America IL was consiuereu so IN
terestns by many Of those who eeasu IL tnat tneir
request its salient points are gwen here""h. mr.
Hnyh.s heaan nv declaring that the business OF all
49, Scu.s na C,ntrsl American countries naturally
s.,nnrad a. ne The problem was, How are We 10
80 ,ts How are we to induce South Americans 70
sson consuming European products. to which they
have beam accustomed for so many years and persuade
them 10 take ours instesdf These questions he an
swered in this way; -
,,,ss,on ~ merchants of recognized ability and In
feeity men who are beyond the idea q using 5ner
- ne community win be sufficient guarantee
to the public that what they 90 Or on Or 70 n Ce
SUs for the benefit Of the country at large and men
vw ao ,his South and Central American business
And let this commission Of merchants thoroughly study
che aS az eans snJ are required TO develop the bu
ness with tho various important business centres IN
sss routes required 70 open up the trade Then st
Congress pass law authorizing the PRESIDENT or me
rSsoSs ~ 1Ssse 70 SOrs wesy forns cr
monthly. as may be required and let the Governments
panIss which may be formed for this purpose 10 per
eesmt on their capital for ten years
cent ' on %i The Capital Of steamship company Is not
excessive. as It Is perfectly fair to alloy i've per
. s for SSssrs sassn.e IL rssas that rate;
o. passage Be asPs at nsS 50 , lcw n rates viii
tsSs ears " themselves. or rather might my, win
be taken care Of BY the British ocean tramp wS9
Il sons or when any one else built and asysl.
opsS good business Let them require mat sn. enc
steea or eighteen knots If you please, or even more:
Let them be built in such names as TO % oreais
t * egr s.S sRs mss an the requirements Of tho
se t a St Ssr @ the
sdertion Of their garsntee have the ngs s. 70 az
these vessels shSd they ns9a e snS price for charter
the time when they may require Naval ,nSH Reserve
Vii 1 and I provide the Government in Of war
With the finest feet Of fast cruisers IN the Wor' ~
o comparatively small expense
BANEs TOO ARE NEEDED!
H. Let Congress give special charter Tor q oank
with capital sufficient to enable it to have agencies
In ALI the principal cities of Central and South AHeca
this being requisite of the charter, and
let us guarantee this bank three four or even hVo
per cent on its capital which should not be isss n
enable It to do me 10 tbs banks engaged
Ia this South American business in London alone a
any sSS ssDH ps ssSs business:
As an instance, the London ana hvef r s&ebsyely
WITH the Argentine Republic, having branch banks
N Monteyideo Buenos Ayres, Rosario dc santa re
nsd the stoeihoiders fifteen cent? besides paaSs
round amount to Its reserve fund ana I'M az Ssness
between Great Britain and the Argentine kePuono;h
III As IS we have estaonnsnou II nNonIe az
these Countries that We desire 70 trade with them and
have furnished the means 70 dsyeiep ms s enanr,es
and ipstssS * spending their time attending dinner
parties and flirting with the ladies' let these sates
with these countries and endeavor to carr OUT INC
principle which 3 the the aSsn treaty So ably Negotiated
by our Minister to spain, John roster but wS On
s1s os Ss 1s dos acts because it did not
the views of that enlightened ana olsungus;nrr
gentleman who has 50 sSS sa and who has
succeeded in making us the lsughingsoocK OF ALMOST
sufpposine all this to have been done What would
.s u Inc The that eyes Ss tse
capable Of building our own ships and doing our S Se
hsvo doubt nag + At present @ sSIOs
not quite unknoxn 70 most OF them nd b MANY
shss Epgs1s hss I'M sas The ss
travel 70 our ports the people o. these countries would
s es COMING here Is worth more to our business
Community thsn twenty American drummers sent
nav 10 the London banker for kindly aiding US to DO
our foreign business would be saved.
WAY TO DECREASE THE SURPLUS.
Furthermore by negotiating reciprocity treaueS
with the various countries Of South and Con-
trsl America, We should increase our business
with them, and while SO doing. at tho
same time gradually reduce our revenue and thus de-
crease our surplus without the necessity Of any radical
1 s 81 Ui srg nav SO
can e. fair trade, between nations can DO easily Illus
trated Take, for instance, our trade with Brazil.
We admit their coffee, which is their principal product
free OF duty while they collect export duty every
fset that IL we warned Brazil that unless she agreed
TO admit lumber -four, petroleum and manufactured
goods free Of duty or a. an ssea ms materially dgtr red1es
sofce that we should put duty on her coffee. she
would do 50 az once =,
Cenra America, both the east and west coast, with
steamship lines, such as have suggested, would
require company with SSp sss ag ig ABOUT
these lines would at least pay their way, therefore the
amount, which a maximum the Government would
me- sUanrsntee to the bank which il is natural to
suppose might not make any money for the hrst two
or three years, owing 10 the dculty OF establishing
tween all those COUNTRIES might amount at the outside
to 5000 per ann9m Inc t0ts &C.,, Co.. % tss
ten years what is this expenditure compared TO the
benefits that would be derived
fhey are theoTfes-to be correct what would be the
efert upon the country Our laborers would all be
employed and well paid for s Ss pesn osr Oo%s
would be running on full time. Our factories OF al
kinds would DO fully employed our shpyards would
assume the proud position that held years ago. and
the American flag would proudly wave 10 every port
MIR. PLUANEKS RESOLVE UHSHAKEN
yETzING OBLIGED TO RETIRE FROM THE Pnn6r-
prNcY or TEE BUSINESS MEMS