The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1914-08-12

the United States manufacturers and |
exporters will exert every effort 20
supply this emergency demand with
out increase OF prices. or unneces-
sary delay they viii accomplish
great permanent good for themselves
and the South American business in
terests alike.
South American Exports. The
same compilation Of figures shows
that South America annually exports
to foreign countries products valued
at approximately $1,117, 900, 900 Of
this total nearly 800. 900, 900 go to
Europe. For comparison, it can be
stated that these ten countries Of
South America export to the United
states annually products valued at
approximately $3.50, 100000.
with, therefore, their principal
markets for their products temper
arily closed against them, these ten
/
| dispose OF their accommodating stores,
and if the importing interests of the
/ United States, including the manu-
facturers o. raw material, can re-
lieve the situation by increasing
their purchases they may save the
| South American business interests
/ from a financial crisis.
"ships for the South American
Trade AS nearly ninety per cent OF
the exports anl imports of these
South American countries are car
ried III German. I'rit:sh and cthes'
European bottoms, which are now
withdrawn from the sea, all of their
principal ports, like Rio de Janeiro,
MonteYeido, Buenos Aires, Valpar-
also, Callao and La Guaira are in a
state equal to that of a formal block
ade The majority of these vessels
will be absolutely unable to operate
for many months and possibly for
several years unless the situation is
quickly remedied. There is no limit
to the sufferings that will come to
these countries and ports if their
facilities for sending out their ex-
ports and bringing in the necessary
imports are cut off. In this crisis it
is to be sincerely hoped that the bill
being passed by the United States
Congress may be of great assistance
in relieving the situation. That,
however, can only point out the way.
There must follow the placing upon
the high seas to operate between the
United States and the principal
South American ports fleet of yes
sells flying the American flag, and this
can be done only by the United
States companies taking advantage of
this act of congress and carry out the
provisions Of this bill.
National Loans. Just as war was
declared several of the principal
countries of South America were ne
gotiating loans in the European fl
nancial capitals. These loans are in
spired by the pressure of local con-
ditions and are absolutely necessary
for the welfare of countries concern
ed. For the present and probably
I for a long period it will be impos-
sible to float such loans in Europe
Under the circumstances these gov.
ernments will naturally turn to the
banking and financial interests oi
: the United States which heretofore
have seldom subscribed for South
: American loans or shown much in
terest in them. BY endeavoring tt
help out these governments in this
. crisis, they can not fail to perform
not only great service to such gov
ernments but place themselves in
: favorable position to obtain ethe
loans in the future and Favorable
: consideration from the government
: concerned.
In conclusion, it is gratifying t
state that the department of com
4 merce of the United States with com
: mendable energy has already starte
y an organization to relieve this situa
4 ton, but far reaching results can on
q " be accomplished by the direct az
ton and interest of the entire finan
- cial and commercial interests of tn
n United States; and if the Pan Amer
h ican Union can give any informatio
at which vii be helpful to those VIII
n may be interested, it will be glad t
IF supply all the data within its power.