The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1924-05-30
AMERICAN IMPERIALISM
BY ;JRY LoVEsTONE

]
/ are United States owned. In 1921
I approximately $3.50, 100000 Of thf
q United States money was invested II
+ the Canadian pulp and paper indus.
q try. This was about so be. cent o4
e the total capital invested in that in
: dustry. Approximately one-eightb o4
the total American trade with the
world is with Canada,-S9 1919 org OO3
MEXICO.
Under the guise of protecting the
weaker nations of South and Central
America the United States has as
sumed the undisputed hegemcnv over
this territory. The Pan-Amarican
Union growing out of the Monroe
doctrine is completely dominated nv
American inperialists.
American bankers are the dominant
/ figures in the International Commit
zee oil bankers in Mexico, Thomas w
Lamont Oh ). 2. Morgan & Co. is
chairman of this committee. Mortino-
e l.. Schiit is the vice president of
! the American section. Charles q
mitchell OF the National City Bank,
John j. Mitchell of the Illinois Mer-
cnantS Trust Co, Charles H. Sabin
or the Guaranty Trust Co. Albert n
Wlggln OF the Chase National Bank.
and Robert WinSOr Of Kiddar- Pea
body q Co, Boston, are among the
othef leading figures in this group of
International eXplOiters. Foreign in
VeSCments IN Mexico indicate that
american capitalists lead in oil and
mining. United States investors have /
tWlce as much capital $3.50, 100000 .
invested IN oil and five times as n1uCh .
invested IN mining ($25O,OOO,OOO) as
does Great Britain. Over S15OOO0 OO0
Gu American capital is invested in
railroads. and more than S12O.OOOO 600
IN agriculture. American capitalists
hold more than $25,OOO,OOO of the.
Mexican national debt bond issue
wall street is planning to spend up
ward OF S150,000,000 in new oil IN I,
VeStments. There is a tendency for
. navy flow of American capitaI
SouthWard. New York and Pbil9dpI-
PIMA bankers have announced the
hoatlng of a new loan of S4O.OOO.000
TO The Mexican Government.
IN SOUTH AMERICA
The nitrate beds of Chile; the oil
meat and wheat of Peru; the coffee |
and rubber plantations of Brazil: and /
me packing industry Of the Argentine
HepuDllc; are steadily falling into.
american control. Speaking before
ne Investment Bankers Association q
n October 20, 1923, DR.. L. S. Rowe. S
General of the Pan Ameri- q
an Union, boosted that American
Investments In Latin America has
PASSED from the period eff adventure Z
0 the period of helpful, productive
nd permanent investment. Ameri- d
an companies are securing to an in
foaSlng extent contracts for the con- Z!
IructlOn Of public works in .atin II
Pert works, DRAINAGE q
FORKS, water works and street rail
'ay systems constructed by Ameri- e
an companies are now in evidence in II
most every country of South and II
entral America. Since the close Of
~ Great War the American Deonln
ave loaned to Latin America in Pub y
G leans, dlsregarding the loans of OF
y pIlVate enterprises over a half p
LIllon dollars. The precise amount II
933z9,58O,OOO." Since 1921 Ameri-
N lIlye stors have purchased Chilean CO
toeInal bonds to the extent of S62.- III
JO'OUO and internal bonds tOtaling CT
''UOU,OOO American investments IN ue
mean IRON and copper mines have
aIenalIy increased. Our Latin Am =.
Ican trade has risen from 81 OH Gil
'O'OOO Tor the ten months endino Sp
oVember l, 1922 to S144O, OO0, O00
T the corresponding period Of 1o29
Cur total Latin American +r9Jo or
mounted to only S75,OOO.O 600 in The tn
ar preceding the war. The most de
table growth is in exports which Ii
one VIII probably total close to crC
U million dollars as against009 nil "a
n dollars in 1914. The Latin Anae. ran
n countries now take AZ nor cont
th9lr imports from the TTnitoi we
aCeS as against less than Ok NO. sto
AZ IN the year before the war H. bee
zeal custom house returns Of +bo Gro
countries forming the Latin Ay,al. J
n group show S834.OOO.O 600 in NC. ing
andlse imported from the TTnitod cen
ates in 1921 as against S3to 100 cor
)befOre the war. This Is an 49, ~ {
5ase CT over $50 per cent. " Sto
10 illustrate Americas shara of he'll
AIcan imports in 1913 was AZ nor per
y III I921 It was 76 per cent. It's pa pa
re OF Cuban imports in 1913 was Ias'
per cent; IN 1921 it was rs psr See'
!. Our share of Argentina's i'm =
81 IN 1913 was only Is per cent. =
1871 1T rose to % per cent. Orr sho'
re OF Brazil's imports rose from stoc
per cent in 1913 to- 81 per cent IN ade'
l. In 1913 Uruguay's imnorte hop
e only II per cent from the United Fl
ties, IN 1921 it reached the fipI1re Whe
20 per cent. The outst9ndino ing
ure of this tremendous increasses go0C
rade IN both exports and imnorte ~
nat manufactured articles consti. Sna
approximately 80 per cent Of tba GooC
purchased from the United !,
Prod