The Montgomery advertiser., 1906-11-22


 two companies doing business there 100000 and total insurance in force or more than sI2,O00, 100000. .
 More money is handled by t a. l surance companies than by Es% fthe | transportation companies in t coun : try, and 1t is the centralis<F 5n of these immense accumulatls in one locality that makes thatN callty the seat of the financial eESse of Amer 4ca. MTH
 wall Street coull Srst control the banks of the Unite lates if its hand did not reach ug kSe full length of Broadway and its fingers in the vaults which d the premium re- serves of nearly twenty millions of insurance policies. l feel. therefore that the most important matter which can be brought to the Consideration of this body is the development of the in- surance business in this great field, which the Trans Mississippi Congress represents.'
 At the afternoon session John Bar rett. United States Minister to Colom- bia, spoke on Trade Relations With the Latin American Republic.
 Mr. Barrett's Speech.
 Certain facts deserving our close attention stand out prominently in the
 
 with the Latin-American republics.
 The most important event in the history of our relations with South America since the declaration of the Monroe Doctrine has been the visit of Secretary Root to that part of tine world. The great significance, esrec- ially from the South American stand point. of this unprecedented diplomat ic journey is not appreciated in the United States. oFr this reason there is imminent danger that many of the good effects of MT. Roots tour and speeches may be lost. The United States has not shown, through public interest, that appreciation of the mag nificent and enthusiastic reception everywhere accorded him by the South American people, which they naturally expected. Modesty and the delicacy of his high position have prevented the Secretary of State from himself describing the details of his treatment, but those who were with him or who closely followed his Journey K 1ow that nothing either in the history of the United States or of South America has equalled 1t in both cordiallty and ex- tent. Instead of almost forgetting, in the pressure of self-centered interests and other questions. the extraordinary cordiality of Mir. Roots welcome and the compliment to the United States, we should immediately reciprocate by the widespread development of what might be termed a Latin-American movement" in the United States.
 ''The commercial, economic and so- cial conditions of our sister republics invite our prompt and particular att tention. To say that it may be now or never" with North American pres tige and trade in Central and south America is not statement of an alarmist or pessimist. There never was a time when European nations and business interests put forth such efforts, as they are now legitimately exertlng, to increase their own pres tige and trade in Latin-Americs There IS, moreover, no denying the fact that a considerable portion of Latin America today Is strongly in- cIined to be more sympathetic in both friendship and commerce, with Flu rope than with the United States because tof plain reasons of treatment racial prejudice. language unity, his. torical associations and closer sys. items of communication.
 Anticipate the Canal.
 The Trans Mississippi and Central States of the United States cannot fail to experience an immense and direct growth of trade, especially with the west coast of South America, in the near future. The onward movement of Colombia, Ecuador, Peru, Bolivia and Chile, together with the west coast of Mexico and Central America, means much for the central and far west of North America. The Panama Canal must be completed for a successful and full exploitation of this splendid new field, but, in the meantime, every ef- fort should be exerted by the manu- lecturers, producers and exporters of the Mississippi and Trans -MisslssippI States to gain a foothold in these southern waters, and be prepared for the wider opportunity following the opening of the canal.
 Tt is impossible, without appearing to be guilty of exaggeration and un- warranted enthusiasm, to picture the commercial, industrial and mining pos abilities of the Pacific shores of South and Central America. Their present development is only the beginning of what the future will unfold. Their riches are so varied and vast that they only need better systems of commu- nication by water and rail to provide vast market for American products and an inviting field for American in- vestment. It, therefore, behoOves every State. tributary to the Gulf of Mexico or the Pacific Ocean to study carefully South and Central America, not only for present opportunities but for future benefits, which will increase in geome- trlcal ratio upon the completion of the Panama canal.
 vital considerations involving the extension of our prestige and trade in Latin America are: the enlargement of the work and sphere of usefulness of the International Bureau of Ameri- can Republics in Washington; the send Ing of business representatives of trav- cling salesmen to Latin America, who speak either Spanish or French, and are always gentlemen; the manufacture in the United States or adaptations of articles to suit the local Latin Amerl- can demand; the opening of banks or branches thereof in the principal cities of South America, backed by North American capital; the giving of credit to reliable purchasers, as is done by European shippers, instead of always exacting payment in advance, or on shipment; the use of greater care in packing goods for the long distance travelled, for the severe changes in cli- mate; and for the size of parcels re- quired in different markets; :. the invest ment of North American capital in the of railways, electric lines and plants, In the resources, mines and industries of the more peaceful and countries in South Ameri- ca; the inducing of youn" Latin Amer leans to come to our technical and pro- fessional schools instead of going only to those of Europe the populariztng in our schools and colleges of the study of Latin American languages( history, etc; and the early building