The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-03-24
ny PROF. JOSE A. DE LAvALLE.

BY PROF. JOSE A. DE LANALLE,
Of the National School Of Agriculture Of
Peru and Special Commercial Dele
gate Of the Peruvfdn Govern
ment to tho United States.
Specially tcritter for THE SUN.
The enormous capitalization which the
world war has produced in the United
States through its foreign commerce
consequent upon the growth Of its VOL
ume and the rise of its value due to the
high prices reached by exported agri-
cultural. mining and manufactured
products makes this country an es-
sential factor in The future economic
life OF the world.
The development OF national industry
and the urban Industrial and economic
reconstruction OF the countries devas-
tated by the war are going to absorb
great part Of the accumulated capital {:
the principal part should be directed
toward Ibero-America, whose undevel-
oped industrial fields offer a vast re-
munerative investment for the capital
employed to develop them.
Agriculture. mining and railroad and
irrigation construction in Spanish speak,
ing America constitute a safe and lucra-
tive investment for capital
That solidarity OF interest produced
and the natural richness OF Latin Amer
lea will create between those countries
and the United States strong and close
ties which only the material interest can
create since the simply intellectual and
moral. abstract and romantic ties are
exposed to the inherent fickleness of
sentiment.
49, Real PRn-Americanism.
The material union OF North and
South America, the consolidation OF their
real interests will accomplish the real
Pan-Americanism which should not limit
itself simply TO intellectual ties, to a
simple creation OF continental ideals or
TO the protection and defence of COM
mon interests. but It should primarily
accomplish the material and economic
union Of the countries of America I
repeat, this is better able to create more
solid and durable ties than those de-
termined by like interests and neigh
borly feelings.
The steel OF two rails unites more
strongly two countries than the friend
ship produced by interchange OF ideas
or that produced by many friendly
treaties. I'm order that the investment
OF American capital in Spanish Ameri-
can countries be safe and lucrative and
thus create n stimulus for further in
vestment 1t is necessary to make a de-
tailed study OF the many phases and
peculiarities of Industrial conditions.
In this study. although American ex-
perience and technical knowledge are 10
play principal role. they must be
backed by Latin American professional
, men who, besides having indispensable
knowledge of the language. are in a
better position than any one else, due
TO local experience. to supply that knowl-
edge of the peculiar phases of these local
conditions and more efficient methods OF
approach which long training under
these conditions alone can give.
Regarding commerce. the Latin
American countries. due 20 the long re.
iations with exporting countries of Eu-
rope. have acquired peculiar CONNER
cial habits. which are not susceptible to
rapid alteration and to which the Amer.
cans have not been able to adapt them.
| selves on account OF the rigidity and in.
fiexibility of their methods