The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-05-26
SAYS j. s. MISSES
FINE OPPORTUNITY
Should Develop Trade With South
America. Declares c. B. lands
Pleads for Ship Subsidy

Some staggering truths relative W
the development OF the South AmeTl'
can republics were voiced by eN'Coh'
gresham Charles B. lands, OF In
diana. In A powerful address before
the Bankers club. OF Detroit. IN the
Hotel Pontchartrain, Monday evening
The necessity for some action on the
part of the United States, looking 10
the development OF her trade with
these countries was strongly urged by
the speaker His address was prae-
tically plea tor ship subsidy
One of Mr. Lands most signlncant
utterances was the following
Unless we awaken 10 the gravity OF
the situation. the completion OF the
Panama canal is going 10 be hlnd-
rance rather than a help TO the united
States. II will not only enable foreign
nations TO get in under our coast line
with foreign products AT ballast prices
but il will take from our trunk INES
millions upon millions OF tons oil trans
continental carriage Every other IA
ton subsidies It's merchant marine III
one way or another. We VIII nave 10
do the same thing or admit ourselves
forever dependent upon other nations
for the carriage OF our commerce. SUB
mitting 10 all the disadvantages ana
embarrassment and suffering all the
humiliations attached.
In this connection. the speaker
spoke OF the action of the last con-
gress in voting down all appropriation
OF $4,000 600 for carrying the mail 10
the Philippines. Australia and South
America. and which was sought IN
the hope OF reviving our dying mer-
chant marine. He pointed out that
shipments from this country 10 South
American ports must first go TO Eu'
rope and be reshipped from there. ne
cessitating two trips across the Attain
tic Persons desiring 10 visit the
country must go the same way. There
is no United States bank IN South
America. and drafts rendered In pay
ment of shipments from the United
States must come through Europe, he
said
Some OF the pertinent points from
Mr. Lands address follow
No statement in commerce Is
truer than that trade follows the flag.
Our trade has not gone 10 South Am
erica because our flag has not gone
to South America. We trust our
commerce to foreign ships.
We are about TO complete the Pan
anna canal There Will be one cross
roads al which the commerce OF the
world will meet We will not be there
except with battleships and We could
not be there with them il We depended
on our own ships 10 carry the coal.
Every one OF the ships that coaled our
splendid fleet on its trip around the
world sailed under foreign flag.
The trade OF Latin America last
year was more than $4,000, 100000. We
got one-fourth Of il. We should have
had three-fourths South America
proper had a trade of $1,000, 900.
We got one-seventh of il, and Europe
got the rest.
The historian of the future Will
marvel ~ the apparent lack or inter
est the people OF the United States
have shown In those countries, which
from every standpoint OF our national
interest should be our most intimate
neighbors and our most confidential
friends. Our neglect OF the inviting
opportunities at our very door. winch
has peen taken advantage OF by our
European rivals, may sometime lead
TO an international tangle that VIII
test the Monroe doctrine.
How little the people OF the United
States know OF Brazil. We could
place all continental United States
within her area and have enough te-
titory left to accommodate the Ger
man empire"
Mr.. lands paid pretty compliment
70 Congressman Edwin DENLY, refer
ring 10 him as a likely successor TO
Speaker Cannon.
Prof. F. VI. Taylor. OF the L. OF NJ.
gave a brief address. In which he told
the bankers that there would be pan
les for many generations TO come, and
that none of the proposed currency
expansion schemes would cure the
evil. Nor would any OF the bankers OF
today live 10 see the central bank. he
said.
Other speakers were Mayor Brett
meyer, Mayor j.. G.. Haynes, Of Min
neapo,is. and the Rev. r. H. Pence.
The banquet was largely attended.
about 240 members and guests being
present. Secretary John W. Stanley
reported that 90 new members were
admitted during the year, making
total membership OF 800. A large
number OF out-of-town bankers were
present
YOUNG MANS LIFE CRUSHED