The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-11-12
Congratulations Warming

American business enterprise has hung UP a per-
fecty bully record selling American goods, in Latin
America during the past fifteen years.
According to statement issued today by o. K.
Davis, secretary of the National Foreign Trade
Council we are now selling almost billion dollars
worth of goods every year in Mexico, Central and
South America.
This is more than England, Germany and France
combined managed to sell down there, our orders
footing up to total of $9140O0000 against $904,
100000 for all three.
Before the World War England, Germany and
France had more than fifty per cent of the total
Latin American trade. We had a bare twenty-five
per cent Today these three closest rivals of have
only thirty three per cent of the trade and We have
thirty Neven per cent.
Which is performance to be proud Of 1t plays
an important part in the prosperity enjoyed by the
whole American people
But with our congratulations goes earnest
warning.
We must not forget that unparalleled world events
combined to present us our opportunity in Latin
America, and that these same elements will not con-
tinue always in our favor
Secondly the future of American trade to the
south of will eventually depend much upon
dplomacy-the creation and maintenance of good
will between the United States and our sister re-
publics-as upon business enterprise
In other words world conditions made it possible
for our commercial statesmen to win for us more than
third Of Latin American trade. But from
these drummers will find more and more Europeans
out to beat them at their own game and a friendly
market may easily spell the difference between ready
sales and an empty order book.
Up to the World War, England, Germany and
trade, as noted by the National Foreign Trade Coun-
Gil. But in 1914 Germany isolated a trading
nation and England and France were too busy max
ing munitions TO manufacture goods for their
export trade Which is where came in. We
could and did fill orders which the warning powers
could longer attend to.
This opportunity knocked at our door and we very
promptly grabbed-it. Since the war, moreover, Eng
land, Germany and France have gone through crisis
after crisis political social and economic, and until
this day have not quite succeeded in staging COM
pete Comeback"
That sort of thing however, will not continue for
ever. In fact DR.. julius Klein of the Department of
Commerce. has already warned that Europe is on
the verge of great economic rally She is forming
production trusts and trade blocs with the avowed
intention of competing against in the markets of
the world Shortly we due to go up against some
OF the keenest competition in Latin America as we'll
es elsewhere that the world has ever seen and we
shall have to look to our laures
Hence the vital Importance of Latin American
policy of goodwill at Washington. Our State de-
partrent must make friends for south of the Rio
Grande instead Of arousng fears suspicious and
anmosities For soon. when competition really be-
gins to make itself felt there are going to neeN
everything we muster in our favor. AS between
equal goods at the price it is only natural to
trade with people you like rather than with those
you don't