The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-21

In tho way OF railways, irrigation and
other development. She now needs
more capital. and makes an appeal
for II. She believes that II the for
elgner Will come IN and help develop
her land and increase her productive
ness, not only Will he make great
profit hut she Will have moro money
with which to buy goods from this
country. Peru argues that much OF
our development in railroads and other
great improvements has been brought
about through foreign capital. and
that now ~ II chance 10 help in me
same way q small sister republic.
Every important Peruvian whom 7
met appealed TO me tn tell my readers
TO study Peru.
With the exception ~ Ecuador. Peru
gains more than any other South
American republic, as far as the short,
enlns Of the distance "a concerned,
from the Panama Canal. Tho distance
saved between Callao and New York
IL $3.50 niles while iniS 90 saved
between Cal.ao n Liverpool. Not
only that, but OF course the old route
70 New York ny the Straits OF Ma gel
Ian cost more IN wages and coal. nearly
three times "a much. II Is estimated.
IN n" case o. a trip 10 New York and
twice az much to Liverpool n seems
therefore reasonable 10 suppose that
much ~ tho oversee 'r1dC 20 Peru
viii ~henceforth go through the cana
l. must, however. be remembered
mat a part Of Peru. the Montana. asst
Of the mountains which is believed nv
many TO Ne one OF Feru's greatest
assets. has no bearing on the canal
lpuitos, on tho Amazon. Is ALREADY tho
second port of the republic. having
about a quarter the trade OF Cal,ao.
and all the produce Of eastern Peru
goes down the Amazon 10 the Atlantic
The Montana has been producing
rubber amounting - about s., 1000, 0oo
annually. and also exports cocoa.
coffee, ocain ivory, nuts and nan
other trOplca, article Nith improved
means of communication tins trad
may be largely Increased hut however
large Il may become, these products
viii not 50 over the barrier O. tho
AndcG but down the Incompatible
WATERWAYS which give Peru cheap and
easy access to Europe.
Great Britain now has more trade
wiki Peru than las any other counry.
As She also has most Of TIVE shipping
trade she ~ naturally nue. inter
cS,ed in the shorter course. The
United states VIII doubtless gain con-
siderable more than Great Britain, but
our advantage II hardly likely To be
sufficient for some tim to transfer
the carrying trade from tho British
hag. Il ~ not probable. for instance
hat TIE people Of the United States
VIII greatly increase their exports OF
textiles to Peru merely because they
can get the goods there more quickly
HOr some time 20 come textiles can Ne
purchased more cheaply IN Great
Britain.
Though nos % the Peruvian rail,
Ways are under British control they
~, much Of the material from Re.
GUM and the United States. L. won q
seem az If the United States ought e
gain more than any other countrv ~
the use of the canal, but his remains
to he seen. We must he wiling :,
study South American conditions
needs and manners-as do the Ger
mans-tf we are really to get a stronl
foothold In Peru, or any other country
~ the continent.
Peru is poor and needs capital. labo
and initiative mora than anythin,
else, About 81 per cent, OF the popu
lation are Indians, who would no
spend much on foreign goods, Hence
unfortunately, the outlook FOR !mme
dlate PROFITS on investments does no
seem bright enough 10 encourage for
. e.gn investors. With constant rrNo'u
, tons and boundary quarrels with he
!, neighbours. Peru's condition Is 81
i, vcry unsettled
=. The great wealth ~ the Montana, O
|, region east OF the Andes, when d"
veloped, Will. as has been stated MAJ
ural,y so dow the great rivers and b
shipped from Atlantic ports, so ~