The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-04
TO PROMOTE COMMERCE
SECOND DAY OF THE GREAT INTER-
NATIONAL CONFERENCE.
Speeches by ID. ltes from Mexico
and other ST Republics-A
BrazfIian's Plan.
PHILADELPHIA, June s.-The interna-

PHILADELPHIA, June 3.-The interna-
tional commercial conference held its ses-
sion this morning in the Philadelphia Com
mercial Museum Hail. A number of adj
dresses were delivered by foreign delegates,
all of which related to the commercial,
banking and Industrial conditions prevail
ing in the respective countries represented
by the speakers, and in all of which sug-
gestions were embodied looking to the in
crease of the trade with the United States.
Eberoda Hegerwitch, delegate from the
City of Mexico Chamber of Commerce,
said that Mexico obtained the greater por-
ton of its supplies from Europe. He
stated that one important fact which led
to this was that European manufacturers
and dealers gave from six to nine months
credit to the Mexican buyers and the Mex
leans were also liberal in their extension
of credit. He said there were no cash
transactions in Mexico as there are in this
country. The laws of Mexico gave strong
protection to creditors, and he suggested
that American manufacturers should make
a study of the credit question in Mexico.
He was certain they would find it advan-
tageous and profitable to increase their
trade in that country. He also added that
with other advantages equal. the Mexicans
features of America to those of Europe,
which are now generally used there
Mr. Robertson, of Mexico, said, in the
course of an address, that the reason her
Majestys United Kingdom controls so
much of the trade of the various countries
Is because she subsidized steamship lines
and sends her emissaries of trade to the
femotest parts of the earth and says: II
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
products Of the Central and South Amer
lean states will never be brought here until
you provide some way to transport that
which you wish to sell and provide some
way to bring back that which your neigh
bors through the south have to sell. They
want to buy from you and they want 10
interchange their products"
Captain Graca, of Rio Janeiro, stated
that at the banquet last night he had pre-
scented somewhat lengthy letter to Presi-
dent Mckinley and that distinguished gem
tleman had informed him he would for
ward reply as early as possible. A copy
OF the letter was read to the conference
to-day. A portion of the letter is as fol-
lows: 1T is our hope that your govern
ment will endeavor to develop by means of
congressional action a system OF navigation
between our countries, which in the past
years has been so sadly neglected, and for
which everything is ready in both countries
except the practical means to carry them
out. In fact l may say that people in
both of our great countries are suffering
for the want of practical means of naviga-
ton which is to connect them, and only
needs the stamp which can be had by leg
islation, the details of which 1 propose to
present to our government at an early
date. 1t Is also my intention to propose a
plan for the establishment of an interna-
tional banking system between your great
country and ours which will enable us to
do business with each other without being
compelled to pay a commission to England,
which is the case at present. | have plans
TINS banking system
be made practicable and mutually profit
able and it would be very wrong indeed if
we were not able to carry them out The
very great financiers have assured me that
an immense business can be done in a di-
rect way between our two great countries.
the most solid banking houses of both
countries are ready to go into the Ameri-
can-Brazilian International conf any."