The Washington herald., 1919-04-04
SOUTH AMERICA
SEEKS CAPITAL
Representatives of Bolivia
and Peru After Financial
Aid, Says Holland.


those OF South ~ and are
also seeking invest American
capital so that the nutural re-
sources of these nat. cun be OK
plotted. is indicated ~. the arrival
IN New York within day or two
OF two Official representatives OF
South American nations.
One of these represents Bolivia.
the other. Peru. Both seek finan-
ctal aid not through placing of loans
in the United States but through
encouragement to the Investment of
American capital, so that the Won
derful natural resources Of these
countries may be developed and so
developed as to be OF mutual ad-
vantage both to the United States
and to South America.
Not long ago Bolivia sent TO the
United States as Consul General at
New York General Jose Gutierrez.
He Is one Of the statesmen Of Eo-
liyia and has the same broad views
which cfaracteTize his brother. who
IS President OF Bolivia at this time.
General Gutierrez said tEis morn
ing that South American countries
Will look with great favor upon the
advent Of American manufacturers.
as well as upon interests IN the
United States which will aid them
in developing their wonderfully
rich resources.
For many years the magnitude
and value Of these resources have
heen recognized by the modern
statesmen OF South America. But
they have been able to do so little
IN the way Of exploiting and de-
velopinE them. This is because they
lack the necessary financial and
technical assistance.
Great Progress.
Nevertheless some of the South
American countries. especially Bo-
liyia. have made remarkable prog
ress in foreign trade. We speak
in terms of astonishment at the
magnitude Of our foreign trade as
that has been secured since the
European war began.
It Is now reCkOned in billions.
Nevertheless Bolivia. relatively speak
ing and when her population and IA
ciliticS are considered. has almost
matched the growth of the United
States in foreign trade This state
ment is made on the authority Of
Gen. Gutierrez. He has figures at
hand to support his statement.
In the year 1914 the money value of
BOlivIa's imports was little under
$4,000 while the money value Of
her exports was nearly a million in
dollars. In 1918 the money value Of Bo-
lNia'S imports was nearly 81 OOO. 900,
y vhrreas the money value of her cN-
ports was a little under E,5.0OO,OoO The
aggregate value OF her foreign trade
wGS little in excess Of s7S,OCO,OOO.
How Accomplished.
s"Ur's"njs the tEade relations which
have been established between Bolivia
ond tAC t'ritCd States There can be
greatly increased No doubt the
bar Eers who this week are assembled
iU New York for the purpose OF con-
~.d"riHE what may d" the best method
"f encouraging and increasing our
foreign trade chiefly through loans or
the TUrchas" OF foreign securities.
IaNc heard NJ the opportunities which
South America is now Offering
In fact il seemed t. be the i'm
preston "f some Of these bankers
thst in our desire TO help the people
Of our allies So that they may be
able tu purchase commodities Of all
kinds in the United States, we
should not overlook the great oppor-
tunities OF this kind which South
America offers.
Recently an estimate was made
for the purpose Of setting forth in
figures what may be within ten
years our trade with Canada on the
North OF US and Of South America
On the South. This estimate fixed
the amount somewhat in excess of
our aggregate trade with other ma
tIOns OF the world. In other words
the American hemisphere will COM
mand a greater international trade,
the United states leading in it, than
will all the other nations in the
world. at least il our cotton exports
are left out of consideration.
Future of Cotton.
We are likely to export greater
Fnd greater amounts OF cotton to
Eng land. to Belgium and to France
thBU has eyer been exported before
because thcse nations rely In no
srusI measure upon the manufac-
tuTe % textile comm Odities for res
toTstiOn OF prosperity and for sue
resSfuI approach to foreign markets.
South America is not likely to i'm
port much cotton from the United
States excepting in the form OF cotton
goods, and IL may y" that within ten
years a large cotton manufacturing
.uuuTlTE " MnlCh VIII utlllZe the long
.oer cotton viii have been developed
upon the Pacific coast OF South
America
Who would have thought in 1914 that
such a remarkable change In the mar
ketins OF tin would take place IN
sour years time as has heen the case?
We were At the mercy OF Great Brit
ain 80 far as our supplies Of tin were
Cor---ned. ard England held this con-
'roi in such manner as 20 suggest thot
phe intended 10 maintain L perma-
uent'y
Bolivia IS now producing about one
,hird ~ the worlds supply of tin. ~
there he proper development OF her tin
resOU-c"s she may suTpass the COM
bined production OF all the other tin
reducing countries. But her tin is
now headed towards the United
states instead Of Great Britain
This Is due directly TO the war ard
Indirectly to the fact that the United
States has established facilities since
the war began for the treatment OF
Bolivia tin concentrates which for
merly were almost exclusively sent to
Europe.
In return. Bolivia has turned to the
United States for commodities, espe-
cisily American manufactured goods.
which formerly she bought OF Euro
pean nations. chiefly England.
Before the war began American
manufacturers appreciated to a very
slight degree the possibilities existing
in South America for profitable in
vestment OF capital and large trade
.f