New Britain herald., 1929-11-30
TRADE WITH LATIN
 COUNTRIES GROWS
Relations With South America Are CorrespOndingIy Improved

W aShington, Nov. 30-DomestiC . h We are deyoting our attention to business conditions and tariff legis- lation and in the international field We are looking forward to the Lon- don naval conference. So We are not giving much thought 10 Latin Amer ica
 But it was just about a year ago that Mir, Hoover, then president elect, was on his way to visit 10 of inc Latin America republics on his good will tour.
 Anyone who gives any thought to the matter at this late date seems bound 10 admit that the tour work ed" The seeds Of good will were not sown on barren soil and they have , been producing some kind of a crop. The American diplomats here l who are given 10 frank discussion assert that the spirit of relations be- | tween the United States and the countries of South and Central America has improved immensely, , They give Hoover the credit Tho most important factor has
 
 the good impression Hoover made. Latin America seemed 10 take il for granted that they might expect a more friendly attitude in the Hoover administration than it had found in | the Coolidge administration. That as- sumption probably was well found- cd. but IL has been especially true that international relations in the hemisphere have failed to produce anything that might have called for harsh words or developed situa- ton calculated to re-arouse Latin i suspicious and dislike. We have ! been pulling out of Nicaragua, have | been nicer than ever 10 Mexico and | have not had the least trouble any where else unless you count in q do- nestle issue such as the tariff bill. which has worried Argentina and l Cuba.
 Latin America has been abandon ] ins the idea of an American politi- 1 cial imperialism. II has become quite evident that the United States is not 1 bent on any policy of territorial con- quest and the days when it might l easily have followed such a policy and did not--arc gone. On the other hand. a policy for the creation Of . instruments for pacific conciliation and arbitration has been obvious.
 The spanish speaking people probably also have realized that there is q great mass of popular opinion in the United States opposed
 to tho idea of imperialism and to
 difficulties of any kind with the
 countries of this hemisphere This
 opposition did not head off the or iginal Coolidge kellogg strong arm policies toward Mexico and Nicara- qua. but it did embarrass the admin istration and undoubtedly had much to do with the softeninS of this poli- cies.
 Not now fearing political imperial ism, the Latin Americans have con- sidcred the problem Of economic | imperialism ''--Capital investments. commerce. penetration of industrial . technique. education of markets for | American goods. mass production. chain stores and subsidiary compa- nies But there appears to be little worry about this phase among their | leaders. It is realized that the United States itself absorbed the greatest amount of foreign capital in the his- tory of the world and that no coun- | try can organize it's production and accumulate capital simultaneously.
 Hoover's theory was that trade might thrive between nations despite q lack of good will, but that friendly | feelings were an important element 1 in the foundation for it's permanent maintenance. It is worth pointing | out. however. that the last year has shown greater proportionate in- crease in the value of our exports 10 Latin America than to any other continent Exports 10 South America for the first nine months of 1929 were $420.2N6,on0 as compared with S%&9,o4 ,0Q0 for the first nine months of 192S. Imports for the same period increased from S4SG.- 69S. .000 10 $4SS.O56.oO0.
 Foreign diplomats iu Washing on have lately been pointing out in rri- vato conversation that q great con- trast exists between the hard luck i Mir. Hoover has been having at home what with tho stock market crash, tn" miserable position of his party in tho Senate and other develop ments and the splendid success he has had in his dealings to date with
 Latin America, Great Britain and other foreign nations.