The morning journal-courier., 1908-12-07
FAST STEAMERS TO UNITE CONTINENTS John Barrett's Annual Report Urges Necessity for New
 Ships Between Ameri-
 can Republics,
BRANCH BANKS NEEDED
Our Business Men Asked to Study south Americans Temperament--- Japs Gettirg on Fast in
 Building Up Trade

Washington Dec 6.--T'he para mount necessity of the present day for the republics of North and South America Is fast mall. passenger and express steamers from one to the oth- or, according to John Barrett. dlreo- tor of the International Bureau of the American Republics Tn the an- nual report of the director to-day he emphasizes this need, and urges the United States to do her part toward correcting present conditions. In or der to make the exchange of trade between the American republics what It should be, MT Barrett says there should be established in all these countries banks controlled by the United States and native capital, or of direct and exclusive agencies of rep resentative United states banks. An other need that he calls attention to Is a greater familiarity on the part of commercial interests in the United States with the detailed characters- ties and special demands of the Latin American market.
 In urging better transportation fa- cillties between the republics, Mir. Barrett explains that he Is not neces- sarily advocating the so-called sub .Sdy" program "t Is simply stating tho facts as to the present conditions, he adds. whether fast steamers come with or without subsidy ls not for the Bureau of International Re- publics to say. It Is simply question of doing something, doing 1t we'll, and doing lt quickly, No other institution ar organization in America has such opportunities of realizing this sItua- ton as the International Bureau of American Republics and what 1t says expresses the sentiments of large majority of the men who understand the field and the conditions that sur round it."
 Moro representative men of the great city of Buenos Ayrcs proceed in one week to Europe an the excellent vessels that connect that port with Southampton, Cherbourg. Hamburg and Barcelona than go direct to the United States in a whole year upon the slower going semi freight steamers that connect the metropolis of Argen tina with New York.
 All countries of Europe, even Jap an, are actually doing more to-day to foster trade with Latin America through first class mail, passenger and express steamships than is the United States. which brides itself on It's ener- gy and greatness, the director con tinues He points to the example Peru has set the United States in putting on a line of new and fast steamers to run from Callao to Panama. and says it is to the credit of Brazil that 1t Is assisting line flying the Brazilian flag to keep tlp service with the Unit cd States.
 In discussing tho need of the United States becoming interested In banks in the other republics, the director says the best argument in favor of this con tcntion is the success of European banks and agencies and the corre- SponnllS HuiulllH Hp VI i'ui'pp"'' trade. "Thcre is not now one bank be- low Panama controlled by United states capital he remarks.
 The report advises the business men of the United States to accept the cred 1t system which is In vogue throughout the greater part of Latin America, even if they do not fancy 1t. Accept ing it means simply adaptation, not financial loss. explains Mir Barrett.
 The characteristics of the Latin American market, the report points out require the sending there as agents only refined and tactful men who speak nuently Spanish or Portuguese. It is added that the agents too frequently can not even speak English correctly and have a patronizing manner that is offensive to the Latins.
 Tho work of the bureau for the ad- vaneemcnt of commerce and friendship, peace and good will, mutual acquaint- ancc and co-operation among all the American nation has received great impetus during the last year. according to the report This was due largely, it is explained to the visit of Secretary Root to South America and Mexico in 1906 and 1907 and his personal and off, cia concern for the development of closer relations between the United States and her sister nations the re- cIprocal interest of the diplomatic rep resentatives in Washington of the Latin American governments; and the gift of Andrew Carnegie of S76O,OO0 for the erection of new home for the bureau
 Attention is called to the remark