The Washington herald., 1916-05-11
SEEN AND HEARD
BY GEORGE MINER
Special Correspondent of The yVash-
fngton Herald.
VO07snshd EN b. The MeClars Ns~zpaps
6yDucsSs.g

New York May s.-The quarantine reg
ulstions at Panama and a loan Of $1,000
900 are curiOusly interviewer.
The Secretary Of the Treasury Of the
United States did not Land at CsIIso and
90 up 70 Lima, Peru, 10 meet the dis
unguished business men Of that country
at luncheon arranged in his honor be-
cause the captain Of the Tennessee, which
was transporting the Secretary. had been
informed that there was a quarantine Al
Panama against Csllso on ccoupt OF
bubonic plague. So the Tennessee ar
rived away" from Csllso, taking no
chances, and carried the Secretary OF the
Treasury along with her. And the prom
inent business men OF Peru got around
their luncheon table and were very vroth
because their distinguished guest did not
show UP.
This has all been in the daily news
and is well known. Also. that Mr.. Mo
AdoO's failure to attend the party created
some little hard feeling
To Borrow 81 8 900 900.
What Is not known is that this slight
hard feeling was aroused at Just the
wrong moment 10 suit the book OF M
! u. G. Montero Tirado and may upset a
mission he was confidently embarked
upon. This mission was no less than the
raising Of a loan Of Sl5,OO0. 900 in this coun-
/ try. 1t is hard enough 70 borrow Sl5-
10000 under the most favorable circum-
stances, but when a little friction arises.
! ike the Lima luncheon incident il makes
the borrowing a doubly difdcuIt task
Mr.. Tirado is the fiscal agent Of Peru
! He came up here a couple Of weeks ago
TO raise a big loan for the Peruvian gov
eminent, and every prospect was pleas
| ing Just ss he had his pipes all laid
and was about TO tap the American
money market came this slap in the face
All his work was undone and he has had
| to lay his pipes all over again.
Like almost every other country
| said Mr.. Tirado, Peru experienced
I financial difficulties early in the European
war But Peru has now become very pros
| porous. Our government wishes 70 get
a loan in order TO pay its debts. square
/ up everything and make a fresh start.
/ 'All Of our natural products are bring
/ ing high priCes-suEar cotton. copper and
so on-and property is on the increase
/ We are going in for greater diversifcs-
/ ton Of crops and our exports and imports
are increasing.
1t may be interesting for YOU 10 know
that the business between Peru and the
( United States last year was the great
/ est in our history and that for the r-st
I time imports from the United States
I Into Peru were bigger than the combined
. imports from Great Britain and France
| 'Of all the countries OF South America
. Peru has always been distinguished for
a strong pro-American feeling. There
has never been any question Of our
/ friendship for this country That good
( will is stronger than ever. and We hone
] TO get more and more Of your capital in
/ vested in the development OF the iIliu,ita-
1 BILE resources OF our country. We hope.
also. to get some Of your skilled labor
down there.
Free Flow for Trade.
The closinEtof the Panama Canal fo-
50 long was a serious matter as AFFECT
1 ing our transportation. but now that
. navigation has been resumed We can
expect commerce to flow from here 20
/ OUT seaPOrts more freely than ever
Political conditions in Peru are nov
/ Of the best. President Jose Psrdo has
/ just been reelected unanimously. all the
different political parties supporting
him. and we have started upon what We
think is an era Of great growth and de-
velOpment"
Senior Tirsdo went 70 Washington last
I week to straighten out that luncheon
I date, but has now returned to New York
and is right on the Sl5. 100 oo0 Job
That South America is drawing a lot
Of steamship trade there is no doubt
Even with the Panama Canal open aEain
very few ships are going through Il from
( Atlantic American ports 20 Pacific Amer
! lean ports. The big earnings 20 ne
made in the South American and the
/ transatlantic trade have drawn most
, OF them away.
/ The Interstate Commerce Commission
says thst only ten per cent Of the shiDs
usually doing this water transportation
/ have been left on the Atlantic and Pa
Cifc route. The question will probably
come up in Congress soon again as TO
just how much beneht the United States
| is really getting from the canal