The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-28
THE COMMERCIAL CONGRESS.
Ono Speaker Says That Trusts Are Rsspon-
siblo for Our Great Exports.

PHILADELPHIA, Oct. 2T--Henry NJ. Peabody
OF Boston. Mass. presided at the sessions OF
the international Com mercial Congress to-day.
which were held in the Philadelphia Bourse
The day was devoted to the countries Of South
America. Mr.. Coolidge s. Roberts. delegate
from the Board OF Trade OF Buenos Ayres. Ar
gentine Republic. called attention to the fact
that the area OF Argentine is about one-third
the slze OF the United States, without Alaska.
but that while tho population OF the United
States Is twenty-five persons to the square
mile. that OF his country Is only three and one
half to tho square mile 1t is capable, he said.
OF supporting population OF at least OOOOO.-
600. and in view OF the fact that the United
States is SO rapidly filling up. 1t is most
favorable country for migrants
The lack of lines OF ships flying the United
States flag to the ports OF South America. he
said. he thought did not prevent the growth on
trade. The only reason that the trade Is so
small Is Indifference that amounts practically
to eglect. on the part OF American manufac-
turers. Mr.. John C. Zimmerman gave more
detailed information OF the Argentine Repub-
lie. which. he said was little known here. Tho
otal value OF exports Last year was SlE3S2'.-
45a and i'm ports Sl07 .42SaO0 or this trade
only 81. S74. 900 was sent to the United States
ard but little more than 81 l,OOO,OOO was re-
ceived from the United States
Antonio L. Delfno. Consul General OF Nenez-
uela. said that the area of his country was
about twice that o. France. The annual eN-
ports amount to about $4,000 900. 80 per
cent OF this being for coffee and the remainder
gold bars, hides. cocoa and breadstuffs. The
i'm ports are much less than the exports. but
the greater part OF them come from the United
States and this country Is her best customer.
The resources Of the country are as yet unde-
veloped. There are great deposits OF minerals
and other natural products. large quantities OF
tim Der. and opportunities for grazing and
agricultural industries.
Alfonzo A Rustis OF Saopauo Brazil said
that his native town was the greatest coffee
shipping port in the world, or the 140o0.OoO
sncks Of coffee. which represent the estimated
crops Of the world for. the years lS'T and lSS;
Brazil produced 100000. rhur.ntths "t
tho Unite States wa. thu largest buyer OF
coffee. which il admits free Of duty.
Mr. L. ID. Eddy OF New York said that only in
large comb nations fam iliarly, called trusts.
| was success to be game IN trade with foreign
countries He mentioned ths iron and steel
, field the meat export trade and said that the
| 100000 900 worth OF products OF petroleum
exported would have gone, frnm Russ, "a had It
fact that the export OF manufacturers OF, cotton
| had grown so little was due to the failure OF
| Of the product while largely Increasing the
| output. He said that IL the EXPORT trade was
to continue to increase it would be necessary
| to effect com binations.
W. l. Buchanan. United States Minister to
| the Argentine Republic spoke OF the great pro-
duction Of hreadstutls in tho south American
| countries and said that manuf actured goods;
| Re the principal articles sold by the United
| States in those countries. Mr.. Charles X:
| Santos OF Paraguay spoke 81 the products OF
| his country and it's trade. He said that there
| was great mineral weal tn to he dsyeloped hut
they lacked capital and needed to increase the
| population A b. Farquhar Of York. Pa. spoke
| Of the advantages that reciprocal trade ar
rangement would give to merchants.