The Bridgeport evening farmer., 1914-11-21
SOUTH AMERICAN
 CREDIT MEANS BIG
 BOOST TO YANKEES
Trade of South America Only Waiting For North American Enterprise Says Lecturer.

That now is the time to get busy and do two things to capture the trade of South America was pointed out by William A. Reid, of Washing ton, D. C., in an address before the Board of Trade last night The two things to be done are to get South Americans to know and believe in American goods and to establish j means of extending credit in the South American countries.
 MT. Reid came here under the aus pices of the Pan-American union, which is coordinate organization supported by all of the American Re- publics according to their populations. It's director general is John Barrett, and it is prepared to furnish informa- ton to all manufacturers and mer-. chants who desire to know of the shipping and marketing facilities in Central and South America
 MT. Reid told how the National City bank of New York was blazing the trail for trade by opening branches in South America, and that how eventually a system of credits would undoubtedly be effected through the agency of the banks The establish ment of United States National branch banks in foreign countries was made possible by the Glass Owen currency bill and the Wilson adminis- tration.
 Mir Reid also told his hearers that South Americans were hampered In their buying power just at this time by the fact that their goods are piled up on the wharves with no vessels to carry them
 It is understood that great quan-s tity of the materials piled on the Wharyes in South American ports is intended ultimately for this country. So great has the hold of the trading concerns of Europe been upon South American countries that in many i'm tsances sSouth American products were taken to Europe and reloaded for this country
 President Wilson, if he has his way. will establish an American merchant marine at the next session of Con- gress that will be used to facilitate the trade with our Southern neigh bors.
 ting the government into the ship ping business with the idea of mon opolizing it, but he desires to estab- fish a merchant marine fleet that will be used to open new ports and new fields for American goods. where pri- vate enterprise could operate profit ably. and maintain the business until 1t is developed to the point that pri- vate companies can open business with profit.
 MT. Reid pointed out that the lack of American enterprise expressed in the right direction was emphasized by his failure to see the Stars and Stripes flying anywhere in South America in twelve years except when a warship entered a South American port.
 MT Reid drove home the point that this country had been injured in the opinion of South Americans by the fact that some North Americans had gone there who would have performed a favor to the United States if they stayed at home. He said that fcour- teous saIesmen and true representa- ton of goods were surely going to get American goods a foothold.
 The greatest demand in South Amer ica Is for electrical appliances and machinery. and this demand is found particularly in the western part of the country
 The Board of Trade voted to renew it's membership in the National Rivers and Harbors Congress.