The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-16
PERU'S AMBASSADOR. TELLS
or HIS MA 77ON'S PROGRESS
DR.. Tudela Varela Discourses Before Pan-American
Congress on Growing Trade Relations With
United States, and Opportunities.

The follotcing address .cds delivered
by Or. francisco Tndeid " Vdfeta,
Ambassador Of Peru, before the second
Pow nlericdn Commercial conference
on JnHe 8:
The American Commercial Con-
ference takes place under extraordinar-
lily favorable circumstances. owing TO
the initiation Of the period Of recon-
struction and balance of the economic
factors Of the world. 80 deeply shaken
by the overwhelming catastrophe OF the
great war.
The laws OF economies are fulfilled.
Just as other natural laws, by virtue Of
their power commerce. especially. be-
ing developed owing to the Impulse Of
reciprocal necessities. which spontane-
ously seek tho means by which q salts
factory solution may be attained.
The former. notwithstanding, no one
can minimise the Importance Of these
meetings. IN which the directive ener-
giles OF business come together for the
specific purpose OF obtaining the most
ing the different human centres to which
THESE energies belong. 80 -.-s,
This conference is, indeed. confronted
by fact; the extraordinary develop
ment Of Latin-American commerce with
the United States; not the result Of
artificial factors. but as the direct con-
sequence OF the natural equilibrium OF
commercial relations altered By the war
A fact Of this Importance neither can
nor should be overlooked, and indeed de-
serves TO be carefully studied so as to
obtain the greatest possible advantages
from the standpoint OF tho welfare OF
the different nations OF America
Wide Cooperation Essential.
This result must be achieved through
the cooperation OF merchants and men
Of business of the whole continent, as.
sisted by the administrative element as
we'll as by the representatives abroad
of ali the countries Of this hemisphere.
Second only to national solidarity.
which urges each country TO supply It's
own needs, this last crisis has affirmed
the existence of, a continental solidarity,
still more potent than universal soIidar-
ity.
My country takes part In this confer
efce. convinced Of the good purposes
which its fuiflment imply; eager, also.
that the importance of Peru, AS a unit
In the commercial relations Of America
be duly recognised and appreciated.
Before the outbreak of the world war
the greater part Of my country's COM
merce was affected in Europe, because
Peru obtained, in the Old World at the
! same time better prices for its prod
ucts, lower prices and greater facilities
for the manufactured ARTICLES which 1t
required.
The war has radically changed this
condition Of affairs, and in support Of
this statement would point out that
while in 1913 the foreign trade of Peru
with the United States was 81 per cent,
the 1917 statistics give this proportion
as having been raised to 05 per cent.
30 that this position may be main
tained within the normal boundaries set
by the recently Mausurated economic
life Of the world. 1t IL important that
both buyer and seller In the United
States grant the Peruvian exporter and
vantages which the buyers and sellers
IN Europe are willing to grant. This
must necessarily be the touchstone by
which to judge the future Importance of
trade between Peru and the United
StateA Neither should the matter of
credits be forgotten when dealing with
the Importation OF manufactured articles
into Peru. And this holds good with re-
gard to other Latin American countries,
for the European manufacturer has al
ways granted facilities which have been
denied by the American manufacturer.
perhaps for the reason that his own
credit is evolved under different condi.
| lions to those which affect the European.
| manufactures. This IN a matter which
| deserves the most earnest attention.
Trade Conditions I'm Pera.
With regard to conditions in Peru,
these are such as to warrant the state
ment that my country ls well prepared
| 10 receive and DO Justice to all enter
| prises tending to increase commercial
ard economic activities.
| The principal items among it's exports
being represented by such commodities
az copper. sugar. cotton, WOO. petroleum,
rubber. &C., the product OF industries
securely established. II can be readily
constantly progressing and It's people
therefore constitute o market for the
| absorption Of foreign manufactures
4 necessary for Its requirements.
| As proof OF Its sofid financial con-
dition Il must be borne In mind thai It's
gold monetary standard Is established OF,
a Arm basis, the stabiiization Of the
value Of the Peruvian pound In relation
10 the dollar. having been obtained
throush an agreement WITH the United