The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-15
Drawbacks. to lie Overcome.

'I' 60 ut conditions are favorable fo-
;r H.tmlt" commercial success Of ihis
country 10 south America. but you must
ro. ."'.r into this big trade NOV. ncnt
N'h '1o .d"a % getting immediate large
20" '..- Argentina ana Brazil have been
'-".- long period OF depression and
Brazil. owing 10 the failure Of the ne
-o' t."ns for her hundred million dollar
.o2n ".h English interests, Ia practically
10 financial straits.
"S.r" OF the southern countries will
nave difficulty in marketing their products
OhNcs nitrate, like our cotton, presents
serious problem. Likewise the copper
o. Peru and the tin Of Bolivia. But the
ultimate prosperity OF all these countries
f" not IN doubt. Their natural resource =
a-e almost lnexhaustible, and they will
far" % be source OF supply for raw
materials OF all kinds"
John r. Fowler, second vice-president
ot w. r. Grace 4 Co. who have extern
s've Investments IN South America and
steamship lines plying TO many ports
was the next speaker
There is nothing mysterious about this
expo" trade he said, but more care
'7 required than in domestic sales and
.lrg'' and longer responsibility over
sinEI.ne statements about South Amer
lean trade have appeared in the press
"NSsr.tl tons aht South America Of
'ors ms billion dollars annually and that
she rs helpless to secure supplies unless
rom fhe United States | would not dare
70 make. All European export TO South
America is by no means shut off. South
America has not been neglected by us
as "a market
'Thorn is not even a small town there
which "a not constantly ransacked for
ORDERS by American interests There IS
much IN" rv In what is preached to us
ard little Of common sense.
'ur exporting merchants are really
v"-" liberal IN credits TO South America.
much NOR. so than our home merchants
would conocde TO domestic trade. our
i.70" with South America Is relatively
me- VOL served with shipping facilities as
hre t'' principal ports of Europe Asia
mp Africa. The wholesale complaint
71 ns' Pho American manufacturer for
be' eNNor, packing is undeserved."
CHARLES VI Pepper. former Foreign
7'aIe Adviser to the Department OF
S'fc emphasized the value Of a close
study Of economic and commercial geog-
'.n'' as pref mnary to the conquest
~ trad" IN any foreign country, partit1l-
I1,,y no South America
"TNo S'tc Department he said, has
done great deal Of INVESTIGATION Of thl,
s'.f through Its special agents, and rs
r''0"h'o Information is now being suppl n
'.'"'.d hv technical and special reports
OBJ n.l by experts.
"I .W "a great believer I'm permanen,
'v' '.'s NJ American products to supple
'0'' Trade through tho export commits
''n houses. American manufacturer,
nn0 combine IN such exhibits aut
.."Id pool their profits, This would be
n" phase OF profitable cooperation o
'''.' business men In capturing for
.r' trade selling organizations shoulC
' '' formed. We must reach SOM
r.' as 10 time Of credits to be al
We must compromise on crCdi
Mr. P.0por said that while the Soutl
N Iu market was n great one ant
'H| hn oven greater after the war
s' aro'h'r rreat prospective market eX
.sa lH where Russia.
I1o Dou~uls-GenCTal who attended AM
n. To- reply 10 questions Put to them in
f1 tlly aftcr the luncheon are: NJ. \
49,, Argentina Adolfo Balllvla, 30
."'': Ricardo Sanche, chile; Franclsc
'.'0"nr Colombia; Manuel Gonzalc'
,.s1 Hca; George Bech, Denmark .Iua
~ L.sHo, Ecuador pr. Ramon Ben
a"r.H.a, Guatemala; Il. Camille Diag
''pHdrras Edward q. MERRILL III
u.-". Francisco Urguide, Mexico
IoH's II Iunod. Switzerland A. Van Il
- ola, Bakhuyscn, Netherlands Erncs
Fro eoorzauo Diaz Nicaragua Artur
Gonzales Panama; william Wallac
N'tc Paraguay; II. j. Topakyan, Pei
so. Eduardo TIigginson, Peru; Carrie
IWrgol do Sainpaio, Portugal Jose \
FRO Moran, Salvador; Michael Pupil
sorv'p Loring Townsend IIildrcth, Siam
VI. Ehah-Mir Enondi IVice-COnsu'
Turkey; Dielal Rcy, Turkey; Mario
On Uruguay. and Pedro H. Rincone
NaneEuslA