Evening star., 1928-06-03
Continued from Third Page.)

their linSeed and wool; American eX'
porters declare that the Argentins tariff
has obstructed shipments of many fab
ricated lines. so as to stimulate loca
unecenomic industries in that country
Fear dollar Penetration
There are also fears occasionally eX-
pressed in the Southern republic as to
the DANGEROUS effects OF the subtle
penetration of the dollar''; there arc
charges that our restrictions in recent
wears on alfalfa seed and meat import
have been unouly harsh. To match this
American shippers of foodstufis have
complained about what they describe as
arbitrary Argentine rulings on Ameri-
can canned goods and about unduiy Sc
we're pure food laws generally, with con-
Trajectory requirements IN municipal
erd national regulations.
It is. of course, impossible to reVle"
IN detail all Of the pros and cons OF tteS2
highly contentious questions. Much less
.s il feasible IN the present survey to
examine in detail the bitter charges
made by the FIVE or six Argentine IHer-
arv and academic figures who have
taken the lead in much Of the anti
American propaganda that has ema-
mated from Latin America in recent
wears. But the major problem, which
can properly and frankly be anaiyZeG
here. is the actual status Of Argentine
American economic-partlcularl COM
rnercial-relatiors and OF that subject
it would seem appropriate. therefore, al
this time 20 make a brief factual
analysis.
The first and most obvious point is
the very substantial gain in the trade
in both directions. Some OF the more
partisan discussion in recent months
has conveyed the impression that the
commerce is excessively and aonormaIlF
Iopsjde6 and that il has involved pri-
marilv a systematic exploitation OF the
River Plate trade by our manufacturers.
with no compensatirg northward traffic.
II is true that our exports have in
creased more than 246 per cent since
pre-war times the total having risen
from an average Of s47.200,000 during
the l9i0-I4 period 10 the impressive
fgure of sl63 800, 900 in 1927. 1t is true
also that these export figures represent
q substantial balance in excess OF the
imports But the latter have bsen far
from stationary. having risen from
s32 300. 600 to 100000 during the
same time Surely any trafic which
has trebled in value with more mod
crate increase IN volunel cannot be
described as dormant or neglected.
Argentina's Exports.
Even more significant is the increas-
Ing relative Importance OF Argentina 5
exports to the United States as COM
pared with her sales 10 other countries.
In 1918 We took At per cent Of Argen-
fina's total exports. but in 1928 (the
last available statisties) our share was
81 per cent In other words. we have
nearly doubled our proportion Of her
total overseas sales. Meanwhile. the
share Of her exports which has gone to
each Of her other major markets has re-
uaained almost constant.
We were her sixth best customer in
1918. but today we stand third, with
every prospect that We shall BE- second
within a year To aliege therefore. that
the United States IS simply interested IN
the exploitation OF Argentine markets is
TO ignore entirely the trend clearly in
clcated In the statistics Of our rapidly
Increasing importance as market for
Argentina's products rate Of advance
which cannot be approached by any Of
her other customers.
There has recently been much criti-
ei5n Of the tariff treatment of Argen-
tine commodities by the United States.
highly contentious subject; nevertheless,
II can be pointed out that, while about
50 per cent Of our imports from the Ar
gentane are subject 70 duty, APPROXIMATE
~ % per cent Of Cur shipments 70 the
Southern republic are dufiable.
Fz1-Ehegnacre the revenues collected
by the United States u customs duties
on the chief imports from Argentina
we're approximately SIS 500. 900 IN 1925
ltne last available comparable s.atls-
1tcxl, which vas approximately 3 per
cent Of the total United States Gus
toms revenues from al sources. whereas
the revenues collected by Argentina
from duties on imports from the United
States IL that year were approximately
tst .6o0, 600, which represented spproxt-
Hnsteiy Is per cent Of her total customs
revenues from al sources.
Natural Situation.
Ciearay. onr exports 20 the Argentine
make much larger contribution. not
Orly prcportaonsteSy, but IN absolute
value. 70 the customs revenues Of that
country than 70 the shipments Of the
Southern republic 70 this country But
AFTER al. this ts natural situation when
one conslcers the types Cf commodities
involved. Tariffs are either 9oE the pro-
1ecs3cn cf new domestic industries or
for revenue. Argentine Yaw materials
coming into the United States, except-
sEg those that compete with some of our
farm pTo6szet1. such as wool ard iinseed,
wcEid normally be free n duty as in
oee6 tssey gre The Argentine. On the
ether hand, 1esas trxf certain expensive
manufactured goods esn stand a tariff
sor revenue; furthermore. she is anxious
10 ceTelo1 tome manufacturing as a
nsesns q tsyeys.fyang neY eoononslc sys-
tssx and W resaeTe nsg inhabitants o.
ire E1gn transportation ooet1 70 that
eacfsnt rszgkes. Consequently, her tar
s6 system Il fes1se1 " stimulate as
semo.tn1 casrts by .z5or.ng the tnpor-
sssaos o. parity G1aEEs1 wares There
can os ns valid oD3ectson " such q poi
icy - - far 2s i Is carried ogt eco
n1m1ezsly and gezecaSfly.
Cesaly Threat ESgsseeB.
TIE agitation which ia being carried
On an S3nae ~ tsae Eogt1ern countries
tnzs we ftias Latin AnaegscanFJ silgai1
buy from fi9oes Nfao b2g fY9na - pro-
poses, after Sl 90 abnormal ooycostsne
effort Ess currents ~ commerce 1n6
fhsx sogseSg arc pgoDeg ieyeAs oeeaslSe
~ re pgofozsc ecogomIc forces of
&SI~sy sskG IsIAfsEs 81 20 AsIs1ra ~
me ABILITY ~ crafty tnat demand any
attempt 20 Ilysrt rssen zTGsGessily Ii
1Zesy ~ - cGst3y, futile ard. ~ far ~
the Argentine Is ol8cefns1. quite Qga-
EaeDeEs7Fy. sssaee ne trend " our sn
DosgAtzons from tae great Gso1tbern
commonwealth IL stea1s,y On me 4g-
2YsEs
Tire Continuance Of proa2egiay 10
fYezss1R gsyossAstlgg zg.s q s.2GeY stzge
sgf - .ss1ag Ia sfss United states Is
me 1fsg zasazgznss ef fSgscIy i8egezkl1s
sezKxs4& fseYs Eeg asY gzw nz1ef.zls
Efgef ssgs re tfzGf re.Ssggrg D@t8een
s6y tsG c1llsstgiGg zFs fGs On 4 cGne-
sssskay fee3psccs! sSaf precisely ozsSna.
&c party - far Is ne szcfsznae G'
go1<E Il eer1FsEf1. HS1sGsas ~ from
ggse sEc4saSg 1fezs&sA tfsfy H1sl tfae1g
keNxNe4saA r.eelf.aNkN I'D .na ~ asea.1