The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-20
President of the Big Four Railway
Thinks Effective Means Must Be
Employed.
RECIPROCITY WILL BENEFIT
HE FAVORs THE BLAINE PLAN AS
INTERPRETED BY M'KINLEY.
Great Opportunities Await Americans
in south America and the ORR
ent. He Says.

CHICAGO, April 19.-The necessity of ex-
pansion was the dominant theme at the
banquet of the Bankers Club, which was
held tonight at the Auditorium Hotel. The
chief speakers of the evening We're Presi-
dent NJ. Z. ingalls,, of the Big Four road,
Robert Lowry, of Atlanta, Ga, and Frank
o. Lowden, of Chicago.
The principal address Of the evening was
delivered by Mr.. Ingalls, and his views
found earnest support among his hearers
His address was in part as follows: Both
parties In this country have notified the
world that they will uphold the Monroe
doctrine; that is. that no foreign power
shall be allowed to acquire territory on the
American continent. and we are prepared
to maintain this While foreign countries
have accepted the political and arbitrary
notice, they have been insiduously and ac-
lively engaged in cultivating and CONNER
cially annexing the West India islands and
the South American states by sending out
their merchants, their manufacturers and
their bankers. by loaning money, by pro-
noting enterprise and by long credits; and
the time may come when we shall stand
here. silently and alone, as the defender OF
a great doctrine but with no fruits to fol-
low. we have not as yet evolved methods
by which we can secure the trade of our
American neighbors.
The very first thing to do to promote
commerce and trade with the West India
islands and the South American states is
TO build up a system OF transportation and
communication between our country and
these several ports and cities Trade al
ways follows facility and cheapness of
communication. If our country to-day in
stead of spending millions of dollars on
subsidies which are to be used TO COM
pete with the fast ships on the north At
lantic and with the proftless trade of Eu-
rope, would allow the postmaster general
10 spend whatever sum was necessary in
carrying the mails. at least once a week
between the United States and the princi-
PAL ports of the West India islands and
the South American states. we should soon
find our commerce increasing and bankers
establishing agencies for furnishing ex-
cnange and credit.
You cannot bring about a change OF
conditions by saying we are the greatest
people on earth. that we have more rail-
roads. that we have the biggest trusts and
we are the people. These things do not
count when you get down into South Amer
lea among the Latin races. We have got TO
show them that it is cheaper TO visit the
United States than England. that their
freight can be shipped with greater dis
patch and at a cheaper rate, and, above all
you must show them that there is money
enough in this country and machinery for
using il, to furnish them long credits upon
good security and al a good rate OF inter
est. Too long. il seems to me, we have
neglected our comm unlcauonS with these
countries which belong 10 us. Instead of
gaining. we have lost. and now at this
time, when We are proudly taking a new
departure, We must take some effective
means to enlarge our business.
IF we would make this Nation as rich
and powerful as II ought to be, if we would
bring money and property TO ourselves
and TO the future, must adopt some
of the plans that were outlined by Blaine
in his day and were emphasized by Nc
kinley in his last message. We must adopt
a system of reciprocity by which we can
incrase trade. A tariff wall against the