The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-09-05
PLAN TO EXHIBIT
AMERICAN GOODS
Growing industries of This
Country Demands Greater
Markets.
EYES ON SOUTH AMERICA
DETAILS OF SCHEME FOR EXPO
SITiONS ABROAD.
EYES ON SOUTH AMERICA

every field of industrial and commercial
activity demands most urgently that i'm
mediate measures be taken to foster in
creased trade with foreign countries, so
that their markets may take from US our
surplus products, and thereby avert the
evils and distress of OveT-prOductiOn by
our mills and factories. And, assuredly,
st behoOves us to do this before il is too
late; before other nations. exercising
keener foresight, have entrenched their
commercial relations the world over in
so thorough and secure a manner that
they will be in a position to defy, and
practically prevent, successful competition
on the part of manufacturers and meT-
chants Of the United States.
1t is an indiSpUtable and admitted fact
that our markets, both at home and
abroad. have become insufficient; they
will no longer sustain our rapidly grow
Ing Industries. Already our cotton manu-
facturers find it necessary to curtail pro-
ductCn because of the lack of domestic
demand for their goods, and it is the
same with practically every other indus
try in the country. We have become SO
accustomed to regarding the home mar
ket as the only market in the world that
we stand helpless before any falling off
Of this trade.
If our manufacturers are Indifferent
about it and refuse to cultivate wider
markets while still there is time to do
so, they must take the consequences and
= In periods of slackening trade il VIII be
they who viii be responsible for pre-
cipitating the country 10 a certain
extent a further degree of dullness of
trade by shutting down, either in whole
or in part
ports as indications of prosperity arising
from the apparent revival of our manu-
featuring industry, but the truth of the
matter is, the only export increase that
amounts to anything is found in sales
of our raw or food prOduCts-in other
words, we are selling our food reserves
and if this is a thing to be proud Of, well
and good.
May Learn From Panic.
We may learn a valuable experience
from the late panic, that the home mar
kets. huge as they are. viii no longer
sustain our industries on a plane of un-
interrupted capacity operation clearly, the
great economic question Of the immediate
future is, how 10 provide a market, for
at least the surplus of the American fac
tory, and the only solution of the problem
IS, that foreign markets must be ready
TO absorb the ever increasing excess OF
the output of our mills and factories
when our home market IS surfeited.
It viii not do for US to wait until our
market al home IS glutted before looking
elsewhere for an outlet. Foreign mar
kets cannot be found in day, hardly in
decade.
Today every European nation is stTiv-
ing with might and main TO extend its ex-
port trade the world over, the efforts of
the manufacturers and merchants being
heartily and strenuOusly seconded and /
Hbetted by their respective governments.
And what are We in the United states /
doing TO stimulate and promote our ex-
port trade2
The answer is, practically nOthing-save
in spasmOdic Individual effOrt-our manu-
facturers have become accustomed to re-
garding the United States market as the
only market in the world worth cultlVat-
Meanwhile, while we are blind to an
opportunity unprecedented, competitive
nations are making herculean efforts to
gain and TO practically monopolize great
and almost as yet virgin market which !
is ours by every natural law
Already the English, the Germans, the
French and the Italians have an almost
impregnable fOothOld commercially ia
vast field OF commerce that by reason OF
proximity and location should be ours to
supply.
All Eyes on South America.
That the South American commercial /
field offers great and exceptional induce
ments and opportunities for a virtually |
lmitless increase of the export trade OF |
the United States Is as well known as
indisputable, and, admittedly, this is the /
PSYCHOLOGICAL moment for the manufaC- |
tUreTs Of the United States TO get TO- |
gether' and exert themselves TO obtain |
at least q pTOpOrtiOnate share Of the ever |
increasing trade Of Independently yet I
virgin-cOmmercial field, inasmucn as re |
cent momentOus events have served TO |
bring the United States into closer and
more intimate and cordial relationship
with ali the great South American re-
publics than have ever heretofore existed
ard have made US known to them all
OF paramount Importance and DeneIlt
was the recent visit OF our distinguished |
secretary of state. Mr.. Root, TO South |
America What that faTsighted states |
man, James G. Blaine, conceived and at
tempted 10 carry into erect years ago
which would have secured for the United /
States twenty-five years ago not only
the bulk OF the South American trade, but
would already then have cementad the /
diplomatic and commercial relations and
the ties Of amity between the United /
States and the republics Of South America |
was accomplished by Mr. Root through !
his able craftsmanship and diplomacy, !
brief though his visit was.
It inaUgurated a new era of comfy be-
tween North and South America. SecTe- |
taTy Root IL is who has 'blazed the way /
for our manufacturers, ana the golden |
opportunity presents itself for giving 20
the people of the United States merit /
age IN the shape of an unfailing and ever
increasing outlet for the surplus Of our (
mills and factories, and South America /
can be made the great tidal reservoir OF
our cOuntry's limitless manufactures and
products.
Another momentous and propitioUs !
event Of incalculable commercial benetlt |
has been the rec Mt visit OF our great /
fleet to the South American republics our l
distinguished eX-president could not, by /
any act, have rendered the manufactur- /
ing interests Of the United States /
greater service than he, in his wisdom, /
did by sending such an imposing fore- /
runner Of trade-fOr commerce follows /
the flag the great countries whose ]
trade we should and must have, and the /
object lesson given the sixteen thousand /
men of our great fleet will assuredly exert /
a great influence on the growth and eX-
tent Of our trade henCefOrth with the /
countries visited by the great armada Of
the United States.
Great Opportunities.
Addressing the Mississippi Com /
mercial congress at Kansas CITY shortly /
after hts return from lis mOmentOus visit |
10 the South American republics, Secre- /
tary Root took occasion to say:
Immediately before US, at exactly the I
right time, just as we are ready for II, /
great opportunities for peaceful CONNER
cial and Industrial expansion TO the south /
are presented "
THE opportunities are so large that
figures fail 10 convey them
"Of the five hundred millions worth /
of goods that South America buys, we
sell them but a fraction over siXty-three
million, or about 12.6 per cent.
I'VE buy of South America nearly three
and a half times as much as we sell
there"
. will afford a market for the
commerce of the world worthy to rank
even with the markets Of the orient as
the goal Of business enterprises"
1.-THE typical conditions exist for that
kind of trade which is profitable honor
able and beneficial to both parties. q" "
Now, however, the time has come;
both North and South America have
nj IL