Evening journal., 1908-06-05
SOUTH AMERICA AS
A FOREIGN MARKET
tcOntInued from FIrst Page.l


and doing and taking advantage OF the
vast markets to the south of us before
it is too late Europe is leaving no stone
unturned to entrench itself so strongly
Ia the trade and commerce of our sister
republics that we cannot easily supplant
her In fact, we do not need to take her
place, for there is room for all. In other
words. there is a market for all that we
can ship and sell down there, as well as
for what Europe can supply, II we Will
only exploit It in the proper way.
LET us first have in our minds some
comprehensive facts that will convince us
at once of the importance Of Latin Amer
lea. 1t is well enough to theorize about
any section Of the world that seems inter-
esting, but It is far better TO under
stand the real conditions of attractions
We cali these countries to the south OF us
Latin America rather than Spanish Ameri'
ca, because not all of them are Of Span
ish origin Brazil which is the largest
Republic of all, is Portuguese, while little
Haiti Is French at least in its language
All of the countries, however, find their
racial extraction in the southern, or Latin
countries Of Europe. and so Latin Amer.
lea is the proper. comprehensive, descrip-
tive term. OF the twenty-one Republics OF
the Western Hemisphere, twenty are
Latin American. In other words, the ratio
is 20 to /, as it were, against the United
States. This means that we must work all
the harder to overcome the prejudiees
they may have against us and the tenden-
cies they may feel to deal with their blood
relations in Europe. Were they of Anglo
Saxon extraction, this barrier would not,
avail.
Latin Americas Area and Commerce.
considering population. which always
gives line on the buying and selling
capacity Of a nation, it is well to note that
Of the 150.OOO.O0O Zone hundred and Atty
mulion) people living in the twenty one
American Republics. 65.0OoOoO (sixty-five
million) are to be found in our sister Re-
publcs. Any manufacturer with pencil
I'm his hand can Immediately figure out
that this population is a mighty asset in
commerce, especially when he bears In
mnd that Latin Americans are good
spenders and purchasers when they have
the money OF the 12.00O000 Ctwelve mil
lion square miles occupied by the twen-
tv-one American Republics, 100000 Caine
nillion) comprehend the twenty Latin
American nations. In other terms. the
Urited States covers only one-third Of
the total area of the American Republics.
''The foreign commerce-exports and
iniports-of the twenty-one nations, in
cluding the United States. amounted last
year to over 5000, 100000 give billion dol
lars). This is a vast total and OF course
the United States controls the major por-
tion but Il is surprising and interesting
10 note that our sister Republics conducted
over one-third of this total. or a sum ex-
ceeding S2,O0O,0OOO0O. Ctwo billion dollars)
l. is needless for me to argue with repre-
sentative men like you about the i'm
portance Of a field only now In the In
fancy Of its development, which has an
annual foreign commerce exceeding ~
oO 100000 Ctwo billion dollars). IL is diff
cult to estimate how much It will be In
another twenty years II Latin America
continues progress at its present ratio
W hat Is the share Of the United States
IN the exports and imports Of our sister
Republicsf BY knowing this we form an
idea as to present conditions and future
possibilities. Last year the United States
bought and sold in dealing with Latin
America products to the value OF ap-
pioximately SsOO,OOo,OOO (six hundred mil