The mirror., 1915-06-03
!. S. Commercial Relations with S. A.
Continued from first page.)

meat packing industries, copper
plants and tropical fruit production.
and we have made large sales of
agricultural implements. American
thrashers, Chicago wind mills, rail-
way cars, iron and steel, leather
goods, including shoes and good
deal of lumber.
But what do these limited tinan-
cial operations and the small pro-
portion of sales by the United
States amount to by considering the
natural richness of that country and
the enormous commercial fields
in diamonds, gold, silver. cop
per, zinc. silk and cotton,
bismuth, cocoa, leaves, peruvian
bark, raw hides and especially tin,
and furthur not to overlook the de-.
mand especially for fuel, (coaD and
lumber and the great openings for
motor cars and all sorts Of vehicles.
Now, suddenly, things have
changed and out of a clear sky
comes a thunderbolt, the European
war, the nations and their people
staggered and just for few mom-
ents the pulse of the world, and
commerce ceased to beat, and in the
next minute, as the cloudburst that
had deluged Europe with blood and
fire. the whole world seemed to take
deep breath, recovered from the
shock and tnrned towards the only
nation that seems to be able to act
as an ark of salvation and from the
four points of the compass comes
the plea for United States assistance,
and in fact the United States was
the one strong and powerful arm
left to help. Indeed, the outbreak
of hostilities in Europe, the war
among the great European Powers
lifted, as by magic, the veil that un-
till at present seems to have obscured
the vision of the great southern con-
tinent and all at once seem to dis
close it in all it's. collosal grandeur
to the astonished eyes of the North
American, and now they seem to
see live continent teeming with
possibilities that offers to the mer-
chant, manufacturer and inventor
inducements and opportunities in
the Southern Hemisphere. News
papers, journals and scientific mag
.azines have taken up this subject
our administration, the depart
ments of State and of Commerce
t b Manufacturing Associations,
Business Mems Clubs and Leagues.
even Ambassadors and Consuls Gen
eral are awakening to the promin-
ence and the future greatness of
these South American republics. 1t
suddenly seems to be the golden op-
pOrtunity and new sunset of a
great discovered planet on the COM
mercial sky seem to have appeared
and by chance of good fortune a
number of important political events
extending the helping hand.
By strange coincidence the gigan-
tic work of digging the Panama
Canal has just been completed, and
has offered new bands Of union by
opening this great highway of COM
mercial intercourse between distant
nations and especially made us a
closer neighbor to the South Amer
ican republics. Another very i'm
portant factor-the new Federal
Reserve act--authorizes the board
Ito approve the. creation of branch
banks in foreign countries, and TO
appoint correspondents and estab-
lish agencies. This makes it possi-
BILE for United States capitalists to
open up banks and fill long felt
want of direct money. facilities be-
tween us and the southern hemis-
phere.
Last but not least. the develop
ment OF our merchant marine will
play prominent part and will be
an essential matter in increasing