The sun., 1919-04-28
CHILE SEEKING CAPITAL .ser :.
GIVES u. S. FIRST CALL
Money Needed for Development Will Be Obtained in
Europe if Not Borrowed Here-Promise
of Trade Bright.

Here are countries With divorsihed
interests, economic conditions different,
races different, customs and habits diff
ferent, geographical and Industrial char.
acteristics distinct, all buying automo-
biles from the United States.
These figures tell the story, of business
depression and prosperity in various
sections OF the globe. In general way
they serve as basis for measuring up
the buying power Of the peoples Of the
different countries involved.
There is plenty OF space all over the
world for everybody concerned in for
eign trade There arc still many coun-
tries where the methods Of modern CIV
ilisation have not penetrated with as
much thoroughness as In other parts Of
the world Just as fast az these indus
trially backward countries improve
velop ana with II will comb new oppor-
tunities for further development
Latin America 10 one of the sections
Of the globe whose chief demands con-
sist OF improved facilities for its peo-
pies. Latin America needs more rail-
roads. more power plants, more internal
improvements, and more capital for the
development OF It's hidden treasures.
With American capital to build rail-
roads and develop power sites Will come
later orders for railroads and electrical
equipment Compared with British in
vestments in Latin America the money
placed by Americans In foreign securi-
ties does not cut much figure. Natu-
n Dir ~ ~ r
ders arising from these investments.
British money controls Argentine rail-
roads. Therefore Argentine locomotives
are purchased in Leeds. Brazil buys
only a small part of her rolling stock
from the United States. You will md
that Continental Europe or British Isles
capital Is heavily invested in that coun-
try. One will find Chilean rolling stock
with an English or Continental Europe
mark but seldom bearing the imprint of
an American factory. Why? British or
Continental European capital
There Is In this country business
mission from the republic OF Chile. 1t
is seeking capital. II II doesn't obtain
It the mission will proceed to Europe.
Chile Is country that needs
money for further development 1t is
one OF the richest countries in Latin
America. It's nitrate industry is not
she only thing that II must depend upon
for prosperity. although nitrate 10 It's
principal export. Chile has untold
riches beneath the soil OF the Andes.
It needs money for further development.
Chile is short on good roads. Although
Santiago and Valparaiso. the two prin-
cipal cities of the republic, are less than
i've hours apart. a good road-what an
American engineer would term a good
road-does not connect tho two cities.
Good roads are the forerunners of fur
Their development of the country and of
prosperity. Think what a system Of
good roads throughout Chile and other
Latin American republics would mean
to these countries and to the automo-
bile industry.
Although Chile ranks third IN railroad
construction. there is yet considerable
territory to be tapped. This requires
capital.
Municipal improvements arc slow.
Modern sanitary methods require intro
duction In certain sections. The pave
ment districts in the larger cities are
confined to small areas in comparison
to cities OF similar size in the United
States.
There are some wonderful power
sites scattered throughout Chile, the
development OF which should make
profitable investments. Although Chile
has enormous coal fields in tho south,
the supply Is insufficient.
In agriculture Chile Is fast assuming
an important position in relation TO
other Latin American countries. This
will need increased importation of farm
implements from this country. Other
countries on the west coast are also CIV
ing considerable encouragement to- ag-
riculture. Peru, Bolivia and Esuador
support agricultural schools for me as
sistance OF farmers. along scientific
lines. In Brazil cotton production Is
becoming vastly important. All this
should open up markets for farm i'm
plements and machinery.
In turn Latin America can furnish
the United States with plenty NJ wool.
hides. fine woods, rubber, precious met
ais and industrial minerals. all Of which
can be used for the manufacture Of
articles that are likely to be shipped
| back TO the countries OF their origin.