The morning news., 1897-06-04
MONEY TO BE MADE IN MEXICO
THIS COUNTRY NOT GETTING ITS
SHARE or THE TRADE.

European Traders More Liberal In
Extending Credit Than the Ameri-
cnns-Mexico's Laws Claimed to
Afford Ample Protection TO Credi-
tOrs-Subsidized Steamship Lines
One of the Most Potent Factors i'm
Great Britain's south American
COmmcrce--DraziIin Delegate Has
nm international Banking scheme.
Philadelphia, Pa, June 3.-The interna-
tional commercial conference held its ses-
sion this morning in the Philadelphia Com
mercial museum hall. A number of ad-
dresses were delivered by foreign dele
gates, all of which related to the COM
mercial, banking and industrial condl-
tons prevailing in the respective countries
represented by the speakers, and in all
of which suggestions were embodied look
ing to an increase of trade with the United
States.
Eberoda Hegerwitch, delegate from the
chamber of commerce of the City of Mex
leo, said that Mexico obtained the great
er portion of its supplies from Europe
He stated that one important fact which
led to this was that European manufactur-
ers and dealers gave from six to nine
months credit to the Mexican buyers. and
were also liberal In their extension of cred
1t. He said there were no cash transac-
tions in Mexico as there are in this coun-
try. He said the laws of Mexico gave
strong protection to creditors, and he sug-
gested that American manufacturers
should make a study Of the credit question
in Mexico
Frederick Kunhard, representing the
chamber of commerce of Guadalajara,
Mex, took for his subject, Mexican
Banking and Trade" and gave interest
ing statistics showing the condition of the
banking institutions Of that country and
their credit relations with the domestic
and commercial establishments. and with
European capitalists.
]. A. Robertson, delegate from the cham
Der of commerce of Monterey. Mex, spoke
on American trade in Mexico.
Mr. Robertson said, in the course of his
address, that the reason her majesty 8
United Kingdom controls 50 much of the
trade of the various countries is because
she subsidies steamship lines and sends
her emissaries Of trade to the remotest
parts of the earth and says; II want to
buy what you have to sell and want "a
sell you something. / am asking you Ia
take 1t home in my own ships"
Continuing, Mr.. Robertson said: "The
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, they want TO buy
| your machinery and your manufactured
products, and they want to interchange
their products. They want to sell you
! hemp and they want to sell you mahog-
| any and thousand and one other pro-
! ducts of that glorious land"
Capt. Corderido de Graca, representing
| the Engineers Club of Rio Janeira, Brazil,
1 discussed the commerce between the Uni
ted States and Brazil and the means OF
communication In that country.
Capt. Graca stated that at the banquet
| last night he had presented a somewhat
| lengthy letter TO President Mckinley, and
that distinguished gentleman had inform
/ ed him he would forward a reply as early
/ as possible. A copy Of the letter was read
| to the conference to-day. A portion OF
| II Is as follows: 1T Is our hope that your
| government Will enDHdNOf TO develop, Dy
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 IL
| ready in both countries except the prac-
| tical means to carry them out In fact,
may say that people In both our great
countries are suffering for the want OF
practical means of navigation which is "a
/ connect them, and only need the STAMP
which can be had by legislation, the de-
tails Of which / propose to present to ouI
| government at an early date.
"It is also my Intention to propose a
plan for the establishment Of an inter
national banking system between your
/ great country and ours, which will en-
| able US to do business with each other
without being compelled to pay commits.
sion to England, which Is the case al
present. have plans by which this bank
| ing system can easily be made practical
and mutually profitable, and Il would be
very wrong indeed II we were not able
to carry them out. The greatest finan.
ciers have assured me that an immense
| business can be done In a direct way be-
tween our two countries, and / already
| can assure you that some OF the most
| solid banking houses OF both countries
! are ready TO go into the American Bra.
lillian international company"
Prior to the adjournment Of the session
a resolution, offered by n. T. Thompson
| OF Johnatown. Pa, was referred ts a com
i mittce without discussion. II rcclted thai
| the value OF the Commercial Museums
/ to trade and commerce Of the United
| States IL 50 great, and It's utility TO al
sections so important, that II Is an impo
| sition that one city or state should b,
charged with their maintenance; and q
recommended that the congress of the
/ United States should extend aid TO the IN
/ stitution, either by direct governmental
absorption or through financial assistance
At o'clock the delegates repaired q
| the Chestnut street wharf and boarded
the steamer Twilight for a trip Of inspec
ton Of the Industrial establishments ant
other points OF interest along the Della
ware river. Protracted stops were mad,
at tho shipyards Of the Cramp Ship Build
| Ing Company, and al the extensive Diss