Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-02-09

Europe or is used at home In corn
petition with Cuba and Porto Rica in
the production of sugar Brazil has. un-
der this convention, an advantage of 90
per cent. which means rapid and vast
increase in her exports supply 1t was
the original purpose of this treaty to
to benefit few interests, such as -four
and petroleum, but Mr.. Blaine has ex-
tended and expanded it until it covers
almost every industry and product in
this country. The balance of trade with
Brazil has been strongly against us.
| Our importations have averaged about
| 70,000,0 600 annually, while our ship
ments have been only about $9, 600, 900, a
difference Of 1851 ,000, ,000in Brazil's favor.
Europe has supplied her with cotton
goods to the value of $20,00O,0O0, while
we have sent her only about $500, 900
worth Under the treaty all this will be
changed. Since the conditions have
been placed before them, merchants
have entered into large transactions, de-
llveries to be made after April /, when
the treaty goes into effect"
"Will not this increased trade bring
about revival of shippingY
mot unless congress does something.
We shall continue to use English bot
toms. There are three things that we
have always needed to give us complete
and satisfactory commercial relations
with Brazil-reciprocity, transportation
and inter-American banking facilities.
Reciprocity we now have AS to trans
portation, congress must act before we
can accomplish much in that direction.
AS to banking facilities we have been
practically without them. Our balance
of trade with Brazil we have adjusted
entirely through European banks, The
importation of rubber from Brazil
amounts to over $4,000, 900 annually,
and have no hesitation in saying that
80 per cent. of that sum is paid through
European banks. We must have an in
ter-American bank to prevent the trans
fer Of all this money to Europe Such
bank was recommended by the Pan
American congress, favored by Secreta-
ry Blaine in his report to the president,
recommended by Mr.. Harrison in his
message to congress, and the committee
on banking and currency have reported
unanimously i'll favor of it. The chair
man of that committee has asked Mr.
Reed for day for its consideration and
the matter is now in the speakers
hands"
In conclusion Mr.. Flint said: "Mr.
Blaine said to me day or two ago in
reference to this convention, 1T enables
us to sell watch springs in exchange for
pig iron That is the whole thing in a
nutshell. Every trader will appreciate
the force of that remark"
Il fear the average American does :.
not
well, it means simply this: We sell
articles in exchange for |
raw products. The average profit on
raw products is per cent. On manu-
tactured articles it is 10 per cent. I'm
der this treaty we make the 10 per cent,
and Brazil makes but per cent. That |
Will soon put the balance Of trade in our
favor" ,...., -,.tI,I 01lavo UuaU7
"Will the p is signed
A Great Thing for Our Commerce
There was a great deal of satisfaction
expressed Friday at the Produce Elk
change over the presidents proclamation
of the reciprocity treaty with Brazil.
Numerous expressions were heard ap
proving the treaty and hopes that the
plan would soon be extended to other
Latin American countries
f. J. Commiskey, of the Central Lard
Company, said that the proclamation of
the treaty was received with satlsfac-
ton throughout the commercial world
in this city. 1t would open new markets
for the United States which would gen.
orally benefit this county. He had
heard since the publication of the treaty
that many firms here engaged in the
Brazilian trade had received messages
from Brazil asking for the suspension of
shipments until the treaty went into
force. Brazil would wake up to her inn
mense opportunities, and the United
States would not be slow to reciprocate
The largest lard business had been done
with Brazil through Baltimore, but now
New York would get her share.
l.. J, Busby,of tbe firm of Holt &
Company, flour, of No. 81 Water street,
said that the treaty was a step in the
right direction, and speaking for his /
trade he said that he hoped to see reci-
procity established with the West Indies
and Venezuela. The adoption of the
treaty would lead to an increase in the
-four trade, for now that the United
States was unhampered, it could place
the best flour in the world in Brazil. On !
an equal basis there was no country in
the world that could produce good -four
30 cheaply and plentiful as the United |
States. There would be large gain in
trade with Brazil when the treaty went
into fnppa