Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-03-09

90 days Central ana South America
dUnlud 90 days as h the case In
Hawaii and tn philippines IN the Fer
Fest l20 days b. not unusual only In
Argentina dncs tho draft with bin of
hdIng plan find suffrnnoc There II ~ IN
some cases demanded
Honesty IL much the same. whether
u D. n ohio ~ In Timbuctoo. Ana
not infrrqucntly credit extension Is
SITTER IN l.atin.Amcrfcn than Il IN NC
hlTo. The secret OF this IN that the
Latin.Amoricnn d'ps business on his
own capital almost exclusively tie
does not 1--WE his hank half the value
OF his stock he buys conscryativcly.
what h. needs what his trade demands
and Vnly a. what he kunws IN safe
limit H. rarely plungrs ANA never be-.
yuni bic ucpth, Today We have remit.
tanc,s from four OF our Iatin.Amcrican
customers not one uf whom paid less
thun $50 premium upon every hun.
dpd dollars be- sent us The man who
oSorir himself 10 BE- prompt AZ such "A
.cCft may be- considered fairly nfc.
BETTER o. illustrate what mean by
saying they go business ON their own
capital may h. cited the situation IN
Mexico. when the revolution started
about ten years ago hanks were nu.
m,rous throughout the country The
firs; acts Of the rcvolutionisiS were 10
raid the hanks. The result IL that today
there are no hanks There is no bus.
lncsi Tor hank. No one viii risk his
money IN hank Instead he buys
pounds sterling francs lire. marks.
American dollars or whatever pnrticu.
lar kind ~ money he needs for the
payment ~ his bills abroad, from legal
brokers. and the rest uf his capital IN
represented In the guods upon his
shelves or m his warehouses There are
more American silver dollars and ?Odol.
lar gold pieces In circulation In Mexico
today than there are In the United
states No hank holds their notes.
While each Individual line encounters
10 own peculiar problems In the for.
ign markets there are certain funda'
mcu,1ls that are csscntinl and must h.
respected u the American exporter is Ia
he succu isful. Had there been such an
'urgnnization M the National Foreign
/ TIM io Council aggrosslvely active half
a c'n,ury ago. American manufactur
ers today would be- vastly better
qwppcd g. embark In trade abroad
and the American manufacturer who
IL contemplating such activity will
make the mistake Of his life. one tina,
he viii have frequent cause o. rcgrc,
u h. fails Ia attend the coming con
rcniion In Cleveland and profit by IN,
I lis ussions " foreign trade conditions
ana problems.
| Present effort ~ our company Ia be-,
Ing concentrated upon Latin.Amcrica
/ the West Indies Hawaii and the Philip
pines. During the war period sales tool,
on a far wider range. extending into
China. india, the AntlpOdes Africa
and even into sections Of Europe tina,
under normal conditions are Impossible
But through II al was constantly main
tanned the idea that the hest policy WIS
10 make the most ~ the territories
WHORE II would b. possible To retain this
newly acquired hold once the abnormal
war'madc conditions were at AN end.
The wisdom Of this policy has already
been vindlcaicj. Australia IL aggressive
~ promoting policy 81 Australia foi
he Australians" and II cnactlng a sys
TEN q tariffs that viii for some year,
20 come effectively shut out wild,
. HfA Of A.
products. In Algerian North Africa
where a promising market was bolnI
developed IN the war period. the French
nave imposed a positive cmhnrg,
against American goods. In Egypt
whore British influence n predominant
tariff distractions are bcing placed II
The way ~ American enterprise. Tn,
policy Of both governments. In thcll
colonial possessions, seems "a b. direct
"a positively 10 the discouragcmcnt q
American oppression.
By crpsolrhuously aud painstakingl,
striving tu meet the peculiar demand
'of Lrlin.America, our company has ~
firmly cnirenchod itself thnt there Il
mth hkflih.od ~ either of our for
mcr &C. .mln on English rivals dlsplnc
ng w In Panama. Costa Rica. Mica
rauEa Honduras and Guatemala. whcr
German aud English goods formorll
held mastorful lead. conditions ar
'omplr tcly reversed Farther to IA
iuuia. where In the past the odds wer
40, su great. the same degree of su,
'oss has been registered. Today IN
cmInny has sales organizations con
sttn'ly active in every latin.Amerlcai
country north of Patagonia.
Color aud texture are the stukin
characi.ristics ~ the fabrics cspcciall
made Tor the latin.American trade. Tn
love 90 rlotous color Is predominant Il
all that country over q range stretch
ing from Mexico Ciiy 20 Buenos Ayrc,
especinlly IN the East Coast oountrio,
whore thu cities are largely In the low
lands and the climate Is tropical. nj
Lbrics must ho exceptionally light u
weight They range On color from a IA
yoritc reddish brown through the VI
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