The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-02
GREAT CHANCE IN ARGENTINA
rrI\ISTER SHERRILL TELLS or
or NIGIECT or IT.
ais ut Chamber of Commerce and Re-
proachrs sur business Men for Not
TakinS AIN antaEe of Rich Oppor-
tunitirs strong for Merchant Marine

-,nll..d tho who'll. difficulty besettiny
..."alnau trslie with South America when
.tu address, he made before the Cham
~ commerce. yesterday he told a
Dry There was no need 10 point
.... .grru sir. sheriff. added
~rrr tune ago said Mr. Sheriff..
vrrt" 10 fifty or sixty commercial
p -.'- that had had some dealings with.
'.. . them of the adv antages in Argen-
and four-ffths OF those concerns
... "a themselves of the information
D.. e the concerns sent man down
'.,. who arrived with a sealed letusr OF
.... r'on to me. | opened the sealed
.... II was signed by the vice presi-
c.- 4 a company which has a capital of
sllOo0. 0no in this city. The letter
-omethng like this:
vs. DEAR CHARLEY: Thank you very much
'our detailed information about the
ou"nr'untty for our goods. and We hasten
O.. Vail ourselves OF 1t. This will introduce
... YOU my wiie's brother We regret To
-E" hat he has failed in every other business
20 has attempted. but the field IL so large in
'."uos Ayres that doubtless he will succeed.
\O more typical example OF the average
\mrrican business mans estimation Of
-" south American field could bs cited.
VII Sheriff. added. Opportunities We're
'ner"-big one=-snd Americans were
string back and letting the English.
Germans and Italians step IN 10 blanket
Ire chances for themselves.
Mr.. Sheriff. called attention to the
"hanc. for tho establishment Of an
American bank III Argentina. He said
\pu ought to have bank in South
America, and the way TO haV" bank IN
South America - TO put bank In south
America. and when YOU gentlemen decide
To- uut a bank IN south America YOU won I
AK the advice OF foreign bankers. y no doa
ant competition IN their business They
u.ll say, Don't do At. wait until next year
AID Won will get the same ad vice the iulloN'
Ing YEAR. and 30 on.
Sow during my STAY in BuenoS Nyr"s
tf"r" has been II great deal Of talk about
.ruuZ a bank down there. and during that
TAI, her" have been ~ foreign hanAs
started and successfully started There
l. country which has the fourth lhrg"stY
gold r. serV. IN the world. two hundred mill
ions on deposit. and they have IN OPERATION
the central bank that "" are trying 10 yet.
The question whether Won can safely
embark capital there - answered IN Tins
way. The contracts which IN" nit"d states
receives for ha''lc-hIp~ amounting TO
So 600 go In that competition Their. were
thirty--iN firms and seven Governments.
and IN that connection not even III" oppo-i
flnn new ~ lTieTN III luelo@ NFTF-t Ni'l'tl AIN
very Keen. were able 10 ind single thing
?" ,rtttci-a on the par 81 any man con
rr''sd with It. The American hIt- were
lean BIDS there vas no money gwen 10
.,nrbody. no prices were padded 10 take
re. 81 any body. And } mag saw that the
-.,re-- OF these shipbu!ld"r- in securing
...... contracts hn- don" rlorr to foster
...i establish good relations between that
,.fr'ry- and the United states than. any
r.. that has ha ppeued m the last hundred !
.Ir-.
James J Hlrs recent prophecy in
rr.t-I 20 IN" slump in the home market
,us manufactures gave Mr. Sheriff. the
..N' for his ardent advocacy OF pusnlng
'|,, oru"rt mites open in tn" southern
re- ubl.n- \r other market he said.
offered a better field for lmnediat. eN-
ploitation than South America England
took $3.50 60 nDp out Of Argentina alone
last year, the speaker said. and whatever
ENCOURAGEMENT English or German mer-
chants down there mi ht oier TO the open
ing Of American business in the same
field might well be- understood to be
prompted by a desire TO have the field
exclusively.
Il viii tell you in a word about the
markets OF South America, MIR. Sheriff.
said.
have only to say that the foreign trade
Of Argentina last year was $500. 900 OOO. that
most double that OF Brazil-Mexico. s2oO.-
oco coo. Chile and Cuba 500 ON 900. and
therefore Argentina had q market rsady
for you gentlemen three and a half times
the size Of Mexico or Cuba or Chile. When
We drop below those we come next to
Uruguay. which had a trade OF sico. ooo. 600
SO you see that the markets Of Argentina
orer Q most fer.ile field for your attention.
Argentina Is n wonderland II Is not
what you are accustomed TO think Of as
. sou.h American country. They do no.
hape the negro problem down there. be-
lieve the Official statistics show that there
gre 1000 negroes IN the country. but l
psver saw but two. Of them being a
citizen Of Pittsburg. who got into difficulty
WITH his trunk and who came TO me about
Il and got it for him.
Argentina IL country in which the
people are richer than We are here IL
costs great deal more. in fact. almost
double. to keep house in Buenos Ayrcs than
- does IN New York. In many ways II Il
'he most beautiful city in the world Some
Tine ago IN considering m cans for develop
.rz the city they sent 10 Paris for th" munic-
'pa architect and he came down there and
q aIded many Of the features which so
frequently result in inartI-tic development
hey have All enormous Immigrant popu-
'lr.on proportionately We have 100 600 ONO
70 population and they have 200 co. We
-.' 90" 100 immigrants and they get
90" They lr" mostly northern span
..- and northern Italians. an excellent
#-- and they handle them admirably.
cent on hoard two steamers with the
81 ~ rhe Immigration Bureau and
how they received them and traced
..rr 10 no hotel to which ther w"r" taksn
...f' p 'Ia ira n and found that they were
Bon. -r-.. .rrad TO any petty annoyancrs or
..'r Graft about carving baggage or
.l.. u' that kind They w"re gratui-
' uis"d by the cit IN tn" city and
O. ...ruu.'v distributed TO ION points In
..,srI. Ihnt ~ a Lesson fous don't
'.pf como oil them did not drift back
.I..au- NvrC-. b"oaus" that - only nat
.. '.. country has - population Of
..ra. a.! the population Of Bueuos
an.ibJ
~. -lrd."r laid that sine" he did not
..' 'u -u.lh before the Chamber OF
.sTrr.rn' again soon he was going To
'1lI ..lpIgA 10 -iy what b" thought
'i.. u""i Il = q. r.'iOpm"n' oG 1n Amer
~trF ~ vp.af "a