The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-06-24
Greatest Annual Expension
Ever Is Forecasted by Big
Business Beginning July
First.
SURVEY BY BARRETT
MOST INTERESTING
Ships and Money, Two Great
Factors That Have Been
Missing, Now in Sight in
Abundance.
BY GEORGE n. MANNING.

BY GEORGE n. MANNING.
Washington, June 23-Trade between
the United states and Latin America
will witness its greatest annual ex-
pansion within the next fiscal year,
beginning July 1st, business men thor
oughIy conversant with the trade be-
lieve. The great interest in this trade
and the energetic steps being taken
to build it up were thoroughly appar-
emit at the second American Con-
ference held here ten days ago.
John Barrett, director general Of
the Pan American Union. is enthusiasts
tic over the outlook for the growth of
trade between North and South Ameri
ca during the next few years and be-
lieves the two great factors that have
been missing heretofore and
money-will now be supplied in album
dance.
Commerce between the United States
and South America increased by leaps
and bounds during the war. due chief
" to the fact that trade between South
America and Europe was almost COM
pIetely cut off It increased approx
mately from $3.50. 0Oo,oO0 in the fiscal
year Immediately preceding the war,
1894. to about $1,75o. 100000 last
year, 1918, or about 125 per cent in
four years.
Barrett, director general of the Pan
American Union on the subject is in
teresting.
IF VOC VrhU
we can look forward to the coming
fiscal year as the biggest and best
which Pan-American commerce has
ever known in peace times" said Mr..
Barrett. Many of these reasons were
brought out in one form or another
at the second American confer
ence.
I'm the first place there is assur
ance of ample shipping facilities be-
tween the United States and the other
American republics Chairman Hur-
ley of the shipping board, has declared
that these shall be direct and adequate
to the expanding needs of Fan Ameri
can trade and that they will be ex-
tended to evexy republic in both North
and South America.
OF equal, if not even greater impor-
lions of the Americas is the certainty
that the after-war financial conditions
will be promptly adjusted. For this
purpose there has been called by Presi
dent Wilson the second American
financial conference to meet in January
1920.
America business men are thus as
sured that two of the big factors es-
- Ill
be taken fare Of Therefore they can
proceed with confidence. They know
that there will be tonnage sufficient
to carry their manufactured and other
products promptly TO Latin American
markets; and the merchants of Latin |
America know there will be frequent
of vessels to convey their |
goods to the United States They also !
xno what American financial re- |
ations are soon to be discussed thor
oughly and that they will be placed on |
A firm peace basis. Investments, loans |
md credits everywhere throughout the |!
Americas will be cared for.
plans are now under way which |
,all for projects looking TO the further |
progress of Pan-American commerce. |
Among these are contemplated railway |
4
parts of Latin America. This will aid |
IN the development of the vast re- |
sources of these countries and increase |
heir national purchasing power Rail- |
ways which have suffered from lack |
IF supplies during the war are to be |
The aeroplane will be used as an |
aid to commerce in Latin America |
Definite announcement was made at the |
second Pan-American Commercial /
Conference of steps already taken to |
provide aerial mail service between the |
United States and Cuba and thence |
70 the coast of South America Both |
he United States postoffice depart /
nent and private concerns are inter-
,sted in this phase Of business promo
ion.
Negotiations are now pending with |
number of the Latin American coun-
ries for increase of parcel post weight
INIT from IL to % pounds. Nine coun.
ries in South and Central America
low have international money order !,
erYice with the United States; but /
he postoffice department is working
Continued on page two)