Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-09-29
MUST SELL GOODS
AS WELL AS BUY
.,ber Phase of the South
American Opportunity Is
Made Clear.
mso WEAK FINANCIALLY
s,,-sneriesn Urien Calls Attention
70 Mis5ireeted Efforts to
Gain Trade.

- widespread and unprecedented
-Al;c interest in the Latin American
EI---,ercial opportunity as developed
re- European war is being followed
:. so much misconception, in many
.;-.Ies. Of the real trade and economic
--sg,ious obtained in certain parts of
ain America that Director General
-, Barrett OF the Pan-American IN
- !, washington has found It neces-
= ~ ascertain by cable the exact
s-.,ress situation IN Latin America.
"A a a result TO sound, in justice
- 10 the United States and Latin
t-srica. q note OF caution and warn
HE
On August s, Immediately after the
,v,break OF the European war, Direc-
- Barrett addressed a memorandum
=, the commercial and financial inter
IS Of the United States urging then
a urepare to meet the combined re-
s,ousibiIity and opportunity presented
m Latin America by the war. This
s,ztsment attracted general attention
and DISCUSSION, but now a new phase
!. the situation. as indicated by these
able reports. has developed and is re-
ouirfug careful consideration.
These advices." he states, "em-
phasize that what is needed at this
hour in Latin America is not so much
, supply OF the manufactured products
Of the United States, although re
CURED in considerable quantities, but
money, loans and advances, credits on
uurchases. and markets at reasonable
rstes for raw products which usually
70 10 Europe. II Latin American can
ssl al a fair figure her accommodating
NV products and buy, in turn, through
receiving financial and cooperation in
The form Of advances and credits from
United States exporters. importers
and bankers. the situation viii be
speedily remedied and the commercial
interests OF the United States and Lat.
n America will truly enter upon a new
era Of Pan American commerce and
conity.
Proves Opportunity.
The fact that the 20 Latin Ameri-
czn countries last year bought i'm
ports and sold exports to the vast to-
al Of $4,000. 900. 900, of which $1,000
$4,000 were transactions with Europe
proves beyond bubble or doubt that
re opportunity is there but subject
20 the conditions herein noted. That
the United States already has a good
start and is making encouraging prog
rsss IS shown by the fact that its ex-
change OF trade with Latin America
has grown in the last seven years. or
during the present administration OF
rNa Dan American
per cent, or from $3.50. 200, 900 10 $780,
10000.
The European war. while greatly
lessening the sources Of Latin Ameri-
can Imports and the market for ex-
ports and opening a correspondence
greater opportunity to United States
exports and imports, has so unavoidab-
y crippled Latin American financial
resources and commercial machinery
mat il must require several months
or q year before conditions can read
Just themselves and permit results
ma; many United States business men
expect Immediately
Despite the efforts not only of the
Lstil American embassies. legations
and eonsulates. but OF the Pan Ameri- /
ezn union. as an international organi-
-ztion, and the United States depart /
Ae1ts Il state and commerce TO state /
ne situation exactly as il exists. count !
!ess articles have been appearing in I
various newspapers and magazines en-
lassiz.ng an alleged golden opportun- .
II without pointing out its actual
1ha present environments of money
ushtness and dislocation of interna- 1
uoaal commercial methods. Numer- +.
oos business men and commercial /
agents. in consequence. are crOwding
uie steamers bound for Latin America 4
ia the expectation that they will find I
ne Latin Americans awaiting them .
IN outstretched hands filled with .
goo and ready 20 buy everything and I.
ANYTHING they have TO sell. These men 4
vi presently return 10 the United .
states and unfairly condemn and crit
N-s the markets and peoples OF the 4
countries visited"
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