The Saint Paul globe., 1897-06-04
SOME PRACTICAL SUGGESTIONS
FROM DELEGATES TO THE COM
MERCIAL CONFERENCE.
OTHER NATIONS ARE READY
STATES RATHER THAN FROM
EUROPE.
Plan Proposed by Member From
Brazil to Do Away With English
Exchange.

PHILADELPHIA, Pa, June 3-The
international commerce conference held
its session this morning in the Phila-
delphia Commercial Museum hail. A
number Of addresses were delivered by
foreign delegates, all of which re-
lated to the commercial. banking and
industrial conditions prevailing in the
respective countries represented by the
speakers, and in all of which sugges-
tions were embodied looking to the
Increase of trade with the United
States.
Eberoda Hegerwitch, delegate from
the chamber of commerce Of the city
Of Mexico, said that Mexico obtained
the greater portion of it's supplies
from Europe. He stated that one) i'm
portant fact that lead to this was that
European manufacturers and dealers
gave from six to nine months credit
to the Mexican buyers and where
also liberal in their extension of credit.
He said there were no cash transac-
tions in Mexico as there are in this
country, and that the laws of Mexico
gave strong protection to creditors.
He suggested that American manufac-
turers make a study of the credit
question in Mexico. He added that
with other advantages equal, the Mexi-
cans would much prefer the excellent
manufactures of America to those of
Europe, which are now generally used
there.
Mr.. Robertson (Mexico) said in the
course of his address that the reason
the United Kingdom controls so much
of the trade Of the various countries,
is because she subsidies steamship
lines and sends her emissaries to the
remotest parts of the earth and says:
L want to buy what you have to sell
and want to sell you something. L am
asking you to take it home in my own
ship. Continuing, Mr.. Robertson said.
THE products of the Central and South
American states will never be brought
mere until you provide some way to
transport that which you wish to sell
and provide some way to bring back
that which your neighbors, through the
south, nave to sell. They want to buv
from you and they want to interchange
their products"
Capt. Graca (Rio Janeiro) stated that
at the banquet last night. he had nra-
sehted a somewhat lengthy letter to
PRESIDENT Mckinley, and that disting
u1shed gentleman had informed him he
would forward reply as early as pos
slble A copy Of the letter was read
TO the conference today. A portion of
the letter is as follows:
IL IS our hope that your government
VIII endeaVor to develope, by means of
congressional action, a system of navi
satloh between our countries, which in
the past years has been so badly nee
lected and for which everything is ready
IN poth countries, except the practical
means TO carry it out. In fact I NAV
say that the people in both our great
countries are suffering for the want
or practical means of navigation. which
Is to connect them and only need the
stamp Which can be had by legislation.
the details of which 1 propose to pre-
SEM 10 our government at an early
date.
1t is also my intention to Dronose q
plan for the establishment of an inter.
natlonal banking system between your
great countries and ours, which will
enable to pay commission with each
otner without being compelled to paw
commission to England, which is the
case at present. I have plans by which
the banking system can easily be made
practicable and mutually profitable
and 1t would be very wrong indeed if
we were not able to carry them out.
Ihe very greatest financiers have as
Sured me that an immense business can
be done in a direct way between orr
two countries and 1 already can assure
you that some of the most solid bank
ing houses of both countries are ready
10 go into the American Brazilian In
ternational company"