El Paso herald. (El Paso, Tex.) 1901-1931, 1915-12-25

: With the exception of Great britain the
trade of all these nations has been
practically cut off, and the chances Tor
the introduction Of American goods are
New York Bank in Rio.
These opportunities have been in
creased by the establishment of a
branch of one of our chief banks In
Rio de JaneirO. The National City
Bank of New York has opened a house
there, and from now on our financial
connections with the country win be
close. The development of Brazil must
be done with foreign capital. and in
the future a large part Of that capital
must come from the United States A
great deal of money has been recently
invested in Brazilian electric and rail-
way bonds, and some of the British
undertakings that are now in course OF
projection are to be backed by Ameri-
can capital. There are cattle lands in
Matto Crosse now in charge Of Ameri-
can cowboys, and there is a great meat
packing establishment at Sac Paulo
which has been built with American
money, and from which in the near
future chilled beef viii probably go to
the United States
The government of Brazil is anxious
to borrow money, and sooner OF later
it will ask us to take some of its bonds
The total foreign debt Of the republic
is now less than & billion dollars. This
is held almost wholly in Europe, a
great part Of II being IN the hanos OF
the Rothschilds. Much of the foreign
loans of the future will probably be
placed in New York.
EngIand's Big RakeOff.
Until now, England has been getting
a rake-off on every dollar Of trade
between Brazil and the United states.
That trade amounts to more tnan Slgu,-
10000 per annum, and the money has
had to go through London, the most OF
il being translated into pounds, shil-
ings and pence on its way to and from
dollars and Brazilian reis- At ] per
cent the charge for its exchange would
be a million dollars a year. Whlcn Is
tidy sum for clearing house privileges
There are also many other charges
that go with this exchange OF the
money, and these prevail to such an
extent that both the United states ana
Brazil have been steadily MIXED OF
their profits by the bankers of Thread
needle street
Steamship Combination Hurts
The matter of freight is even worse
than that of banking. The European
steamship companies have had a COM
bination by which they have prevented
any American steamship line oelng run run
at a profit between the United states
and Brazil This has been so notWltn-
standing we have taken the greater
part of the exports AS l nave salos
we buy the bulk of the coffee crop, but
England. France and Germany have so
arranged that American ships going 10
Santos could not get cargoes, ana 50
that if they took American goods 70
to speak of for return except iron or
heavy stuff that went as ballast
a few years ago a steamship line was
organized to go from New Orleans 10
Rio and Santos. New Orleans had no
good communication with those ports.
and it was thought that there would
be a steady stream of coffee going
north by the new line to the mouth OF
the Mississippi There was not The
coffee which came was in European
vessels
They took it there on their way to
Europe, loading at New Orleans with
cotton and thence going to England or
Germany, and bringing back European
goods direct to Brazil This shut out
the possibility of cheap American
freights. Had the coffee come IN
American vessels the ships would have
gone straight back with provisions and
other supplies from the Atlantic and
gulf states. They took similar sup
plies but they were from England or