The Birmingham age-herald., 1915-11-27
South American Enterprises
 Will Receive Much Aid After War Is Over
RUSSIA ALSO WILL
 GET ASSISTANCE
Past Ten Years Have Seen Thorough Investigations Made Proving the Soundness of South American
 Field for Investment
By HOLLAND

| New York, November 26-- 6Special)-It was at once observed that the name of James Stillman, now chairman of the board of directors of the City National bank, was included in the llst-whch was l far from complete-of those who are un- dertaking the organization of corpora
 ton which will have capital of millions with which to finance foreign securities
 which may be offered m this country and also to aid other nations in establishing industries and expanding railroad sys- tems
 At least 10 years ago, Mir Stillman was quoted by some of his friends as hav- ing spoken with enthusiasm of the op- portunities which were opening to the United States in South America. He was one of the few men Of capital in this country who had good understanding of these opportunities. Some of the beef packers of Chicago also realized what the openings were for extensive development, especially in Argentina, and one of the higher authorities in that industry, Mir Valentine, spent some six months in Argentina for the purpose of establishing cattle raising upon a large scale or the pampas of that country.
 American capital, however. was not es- pecialy tempted to make investment in South America, excepting in some of the mining industries. When J. B. Haggin and his associates took over the rich copper industries of northern Peru. in- vesting therein some S40,000, ,o00 or $50 CO., G00 and when Charles NJ. Schwab made investment in the iron industry in Chile the magnitude of which was made clear when it was announced that he had con- tracted for the building of six steam ships. designed and constructed exclusive ly for the transportation of ore. and when the Guggenheims invested many millions in Chile copper properties, substantially the limit of investment of American cap ital upon large scale in South America was reached. This investment began only a few years ago. excepting that MT. Huggin's purchase of the Peruvian cop per properties was made nearly 20 years ago.
 MT Stillman was quoted as having said to his friends that preparation for secur- ing South American trade would entail 1t
 at least 10 years time It is almost ex- actly 10 years since MT. Stilman made the statement attributed to him by some of his friends. He meant by prepara- , tion training school, 80 to speak, in which men ,and especially young men of the United States, were the scholars. It would teach the languages-Spanish and l Portugese-which are spoken in South American nations, and it would also l teach. both by observation and instrue- 1 tion, the distinctive racial characteristics of the South American people, especially their established methods of doing bus- | ness These methods in many respects are not similar to our own, for they are infused with the suavity and courtesy which are characteristic of Latin people, so called.
 Then there should be prolonged study of the resources of South America and some facility acquired in showing the best way to develop them. There would necessarily be certain banking facilities, such as England and Germany had already established in South Ameri- ca to trade advantage.
 When thoroughly fortified by training and experience, and when prepared to l give financial assistance to South
 American nations, then 1t appeared to
 | be the opinion of MT. Stillman that we
 1 should be able to command a trade with
 them which in time would dwarf all
 our other foreign trade
 | The association of MT. Stillman with | the plan for the organization of a cor
 1 poration which may have as great a
 l capital as 100000 and will have, If
 present expectations are realized, leads
 to the surmise that he may be of the
 opinion that the European war and the | stupendous increase in the financial re- 1 sources of the United States casioned | thereby. together with the advantages which will follow the organization of l the new federal reserve system, justify l a thoroughly organized attempt to es- tablish trade relations with South | America which in the course of a few years may become the chief feature 1 of our foreign trade,
 Of course, at present, nothing but the vaguest reports respecting the purposes of this corporation have reached the public but it is a fair surmise that we are already we'll represented in South America by men of ability and expert