The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-11-16

4 and watching Latin America a. u now does
Japan and tho orient. and that material.
economic. intellectual and poiisicai ad-
vancsment will be Witnessed IN Latin
America whirh will rival what has been
accomplished in the United states
1 This prediction 10 rapidly becoming true.
but in every country except the nheo
States. and unless the Americans quickly
and actively arise to the occasion 10 VIII De
too late. and instead OF witnessing q Latin
1 Amer'Fn decade they will experience
future OF serious trade decadence. Mr.
. Barrett proceeded Were Il not Tor
| the lamentable ignorance which prevails
| throughout the nited States in regard TO
] the peoples, Institutions, resources ana
governments OF this section OF America.
| this stitenient would not seem In the least
| surprising
were to be told that Brazil alone Is much
! larger than the United States. he would
] hardly believe IL. IL further informed mat
Latin America comprised twenty republics.
varying In size from the area OF Brazil TO
Salvador. and that this latter country
would take in Rhode Island six times over.
he Noild bs amazed. Stia further " he
knew that the combined area OF all the Latin
American repu blics amounted to q total OF
, o.O0.0Oo square miles three times larger
than the United States. that the combined
population amounted 30 20 900 coo. he would
look aghasi and finally. IL he could be shown
that these countries together bought goods
from abroad to the value Of 81 .OOj OBJ. coo a
year. and that the United States sold only
one NTH OF this total. he would b. liable TO
gasp and eNclaim
| Where do come in on this proposition
| The best and most sensible answer and
advice would be. Go after the business
seriously and properly and give reasonable
| credit. as other countries do
| HaraIiaa A U.aV ln t,nl tyfs raAi ha
/ South Americans suspect that they really
cannot afford to. and not without some
| reason. ~ the following incident viii demon
strate
still ,onversing with my South American
friend above referred to on the credi, uue.-
tton. he asked
! Why do not Americans give credit, as
Europeans do
/ l replied excusabiy Chiefly because
unlike Europeans. they do not carry on
genera barter business. The American sells
| for cash only. and"
All, no. my friend he interrupted with
a shruz OF his shoulders and a twinkle in
both eyes i, Is more. Ia IL not? Is it not
because they cannot AFFORD IL, tina; they
what they call need the money
| Good gracious. no. I exclaimed and
was about to dilate upon the enormous
wealth OF the country. its vast undeveopcd
resources. it-.scoves OF multi millionaires
| Ahh NHdt MOI. VHFn was interrupted.
My friend snivelisd around in his Ameri-
can arm chair drooped his eyebrows
crossed his legs. and then looking me
earnestly full in the face with uplifted
warning finger wen, on
| Sir. as a banker and merchant OF many
years standing I have made a very careful
study OF international finances and com
merce
| I acauiesced with; Yes, sir.
1 Then in low tone OF voice and ~mpha-
| sizing each sentence with the raising OF hi.
I finger to his IIps he solemnly inouirea
DO You know sir. that the annual in
I debt.cn.<s u the United State. IN Grna,
\ britain alon,. amounts IN A 900 ooo ooo,
And roG~rmany Oh ,ooo 90 ooo and 10 Franc.
aIso a. NM an, un, ,o s,v no,h,,. =, -
| international financial ohliua,ions,-
had to confe-a NV Ignorance ~ ,hi.
apparently astounding s,urernsn, n, ,ba
moment, hut I have sincs discov.ra, 81.
| fac, 70 he so
} lie concluded Sir -ha, 10 wbv r,,-o
gtv.s credit because. sb. can ,ro,,, /, -,
We know ~ " "
| For eNampl. "a. continued ai,
] lnglv, 4 wit. ,o an .maric,, ,nan,,,.,
turrr with nm order rarhan. hs Iii ~,
answer perhaps n. viii n n. A., h..
will reply impolireiy and curtlv and .ay
/ in English Order r.caiv.d A.. ~ a..
| not know Won ". will shin yord. o,,,. 90
r.c-ip, Of cash or draf, On wsl, rn,,,n
bank ON she contrary IL I se,d an So
! TO Europe they answer poIitslv IN spanish
ship the goods and send th. ,cco,In, mn,,.
times with sixty DAYS mr. nina,y A.. -,
OF cour-. paw Tn. American h.s no
confidence in me and I viii M, So, -;
| The European trusts mo and gives ,,., cr.d,,
and give him NV hu sipess md -, =. ,,,,.. .
Americans Or rather the Vr.a, ,n.iorit,
Of them b.Ii.v. that the south .m.,ic.r.
are a Iemi -barbarous peooI. and tnnw