The herald., 1896-06-21

lish have four banks in the city OF Buenos
| Ayres. each with a capital of over a
million pounds sterling; the Germans
have one bank there, the Italians have
two and the French one. Each of these
| nations has at least one direct line of
steamers running from Liverpool South
| ampton, Bremen, Hamburg, Genoa, Bor-
| deaux and Havre, and with frequent and
| quick service for cargo. passengers and
| mail these countries are able to do a
large and profitable trade in the Argen-
1 tine market. They receive no tariff ia
vors that the United States does not en-
| joy; and In the numberless lines of goods
| which are in increasing demand in the
| Argentine they cannot compete in either
price or quality with American manufac-
| turers. During the past year several
| travelling men from the United States
| went down to Buenos Ayres to "look
: over the field" as they expressed it. and
| to see If the market was worth trying
| for" They found that American manu-
| factured goods could be put down there
at the same prices as German and Eng
lish goods, If not at lower figures
The share of the United States in the
trade of these three great South Amer
lean countries is shown by the statistics
of imports and exports of each nation
during recent periods, published here
with.
In measure the entertainment of this
party will represent a return Of the cour-
tesies which were extended to the rep
resentatives of the South American ma
tions in the Pan-American conference
in this country in 1890. Although this
projected visit will not be made by an
official body, in the sense of being ap-
pointed by the United States govern
ment. the occasion will be taken advant-
age of to reciprocate in full measure the
courtesies received in this country six
years ago.
The idea Of this South American trip
originated in the United States legation
at Buenos Ayres. and was first suggest
ed to the Argentine government. There
was prompt response and cordial as
surance that every courtesy would be
extended to such party of representa-
tive Americans, and that every facility
for observation and investigation would
be placed at their disposal. The Uru-
guayan government at Montevideo, and
the Brazilian government at Rio de
Janiero. were addressed in like manner
through United States Ministers Stuart
and Thompson. respectively, and they
responded in similar terms of cordial
invitation. The invitations from these
three governments were transmitted
through the department of state, and for
delivery to those interested or for such
use as might be deemed advisable, Sec
retary Olney placed them in the hands
of Mr.. George w. Fishback, United
States secretary of legation at Buenos
Ayres. now on leave of absence In the
United States. Realizing the impor-
tance of this opportunity. and appre-
ciating the far-reaching influence such
a trip would exert upon the trade of the
United States with the Latin American
countries. the National association Of
manufacturers has undertaken, in ac-
ceptance of these invitations, to organ
ize a suitable party representative Of
American interests and to carry the pro-
Jected tour to a successful conclusion.
THEODORE C. SEARCH,
President National Association of Manu-
facturers