Evening star., 1927-05-04
PRESIDENT TELLS
OF AMERICAS AIM
New Civilization Being Built
in Pan-American Move
ment, He Says.

Americas recent disavowal of inn
perialistic political designs on Central
and South America was carried step
further last night by President Cool
idge, who assured the representatives
of 20 sister republics that it is the
purpose Of the United States to use
its vast resources mot to control
them but to cooperate with them."
/ The Presidents address, broadcast
over one of the longest "hook-ups"
yet established, was delivered at a
joint session of the third Pan-Ameri'
can Commercial Conference in the
Washington Auditorium with the
Chamber of Commerce Of the United
States. More than 1000 delegates,
representatives Of the governments
and business interests Of the Union
of Pan-American States, gave Mr..
Coolidge a tremendous welcome.
Building New Civilization.
The Pan-American Union, Presi-
dent Coolidge said, is creating a new
civilization in the Western Hemi-
sphere. AS the chief spokesman of
the largest single member of this
union, he called upon the delegates to
further this civilization by mutual
helpfulness, mutual confidence and
mutual forbearance.
Carefully avoiding any mention OF
existing high tariff barrier, against
which Central and South American
countries are outspoken. the Presi-
dent touched on the broader aspect
of trade between the Americas.
al 7fV>io fO
duce commodities which we can use
for benefit" he said. "and we expect
to produce commodities which they
can use for their benefit. The result
is a more abundant life for all con-
cerned.
'It is this mutual interdependence
which justifies the whole pan-Ameri-
can movement" the President de-
clared. "It is an ardent and sincere
desire to do good, one to another. Our
associates in the Pan-American Union
all stand on an absolutely equality
with u.s."
Evokes Hearty Response.
1t was this avowal of a. disinterested
and impartial commercial policy
which perhaps evoked the heartlest
response of the pan-American delega-
tions.
President Coolidge visualize d
through the interchange of trade a
Western Hemisphere of closely linked
republics working in helpful coop
Grafton.
I'm 1880, nearly hundred years
ago" said Mr.. Coolidge, "the value of
both exports and imports amounted to
about $25, 900, 900; so years later 1t had
reached more than $500, 100000, only
a little less than three times as much,
and during the last 10 years 1t has
averaged not for from $4,000, 900 900,
again increasing almost tenfold in so
years. In the hundred years, or lit
tie less, the increase has been nearly
a hundredfold.
Balance Favors Others.
I'm this exchange OF commodities
the country has, as is known, pur-
chased far more from them than they
have purchased from us, or, in other
words, the visible balance of trade has
been in their favor. During the last
five years our purchases have amount
ed to a total of SIS ,068, 100000 and our
sales to $3,7S1 900 900, showing a diff
ference of S1,387 100000, or an excess
of about "a per cent. For the century
the excess would be greater. probably
by more than 40 per cent"
John w. O'Leary, president of the
Chamber of Commerce of the United
States, presided, and introduced Mr..
Coolidge. Lewis e. Pierson, chair
man OF. the Pan-American Commercial
Conference. and Secretary of Conn
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