Evening journal., 1916-10-06
snrrH AMrRIcA CANS IN TRAnE RALANCE.


nUR trade with South America for the past fiscal
" year does Justify the tall amount Of Dragging
INDUCED in by Secretary Redhed and passed out for
political consumption II is that the volume OF
trade has been larger but the balance of trade against
has grown 10 significant proportions
Our total trade with South America for the fiscal
year 1913 the last year during which the Republican
tariff law was in operation. $S64o0o0oo and the
balance of trade against us s72OoOOO0 We have
all along purchased from these countries vast amounts
Of coffee cocao. rubber minerals fruits, hides ETC.
while they have made their purchases Of manufactured
goods largely from Europe We were gradually even
ing up the score under Republican trade policies when
the Wilson Underwood tariff disaster overlook us and
gave a setback.
For instance for 1910. the hrs full year under the
Pavno law the balance Of trade in our trade with
South America was sios 100000 against the total
volume being S2s9O0OOOO. IN 1914 under the Demo
cratic law with total volume of trade NJ S2i80O0-
O0O tho balance against S98OO0OOO. In lol'
the total volume 1850 100000, and the balance
against us was s162 100000 In 1916 just past with
total volume Of trade of S5720OOOoO' the balance
against us was $4,000 00O
Nor has our trade with the Central American States
shown that improvement which would warrant the
trade trumpeer Of King Wilson sounding note Oh
triumph Our total with these six States was S56-
600 600 in 1913 which netted favorable balance
of s24 900 900 In 1914 IL $57OOOO00 and our "a
favorable balance $12OOOOOO. In 1915 S6SOOOooo'
and we we're but s16OoOOOo on the right side OF the
ledger.
It should be borne in mind that during the past TWO
wears the Iatin-American States have been compelled
10 purchase from us many commodities for which they
formerly sought the European markets This has been
but one OF the indirect OF the in promoting
our temporary prosperity But the things which they
have sent us will continue to come in greater volume
than ever n we are to continue under a policy OF
near free-trade while the cessation Of the war VIII
find them again heavy purchasers in the European
market They will sell to and spend the money IN
Europe
Dr. Pratt of the Department OF Commerce. puDlcy
announced some time ago that if we would seek con-
cessions in South American markets, we must grant
South Americans concessions in own The trouble
ia we have no concessions grant Without requir-
ing ANYTHING OF them. we have given them free mar
ket in the United States Protective duties would put
ne in position to make concessions. il it were found
advisable to do so.
Another thing which would help US immeasuraby
in our trade with tho Iatin-Americas would be the in
vestroent Of American capital in those countries and
the establishment Of American banks. But before Amer
ican anancers and bankers will invest in those coun-
tries they must have assurance that their rights Will
be respected Mr. Wilson will give them no such guar
antees According 10 his idea, II they don't like the
wav they are treated they should get out and come
home All Of which goes TO show that we need red
booded man at the helm and not an anemie ped
aeogue.