The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-04-11
Irigoyen's "Sore Throat"
BY Fred Ellis

DDS of production DECENTRALIZATION, adver-
Using, marketing and selling directed against
American penetration in Argentina Brazil
and Uruguay.
CD Removal of the two per cent stamp
duty on foreign loans floated in Great Bri-
tain, to encourage Argentina to do its fl
nancing in London instead of New York.
CD Removal of the British customs duty
OH Brazilian coffee in return for some con-
cession by Brazil in favor of Britain.
(D Avoidance of any actions incOm-
patible with full development of Britain and
the Argentine as complementary economic
units.
The two leading imperialist bandit nations
have girded themselves for a gigantic battle
for the Latin American markets, and especially
for those of Argentina, Brazil, Chile.
With the present sharpening world crisis,
and the tremendous drop in foreign trade both
in the United States and Great Britain, the
battle for these markets becomes more frantic
booklet issued by the Department of Com
merce on "United States Trade with Latin
America in 1925" points out that Latin Amer
lea absorbed 20.7 per cent of the total U. S.
exports.
Wall Street Penetration.
"This tremendous increase in interAmerican
trade has resulted in a steady growth of Amer
lean investments in the Southern republics"
writes o. P. Hopkins, acting director of the
bureau of foreign and domestic commerce. ain
1928 these investments are estimated to have
been between S4,652 100000 and S5,552 100000.
-. The active attempts of our European
competitors particularly Great Brittany to
obtain greater share of the market were par
tcularly noticeable during the year."
A cable to the New York Times april 6,
1930) shows the Importance of the Argentine
market to U. S. Imperialism, and the frantic
struggle being waged there between the i'm
perialist robbers:
THE United States Department of Com
merce representatives here expect some de-
cline in the importation of products from
the United States, even in the event that
general business conditions improve. United
States exports to Argentina have increased
II per cent since 1926.
Automobile shipments to Argentina last
year were s53,O00.0O0. compared with $685.
100000 in 1926; agricultural machinery $685.
100000, compared with s20,0O0,O0O in 1926,
and other major items increased proportion.
ately.
at is believed that this rate of increase
cannot continue indefinitely, even if the gen.
eral business situation improves. There APP
pears to be no reason for fearing, however.
that the United States will lose its pre-
dominant position in the immediate future
despite the frantic efforts of European COM
petitors to regain their lost ground"
Thus the battle for the Latin American
markets is officially admitted, despite the Hoo.
yer good wilP' slop. New developments have
taken place since Lord d'Abernon's visit to
Argentina. Irigoyen proposes but the grow
ing economic crisis in Argentina disposes
For long time, Irigoyen, an express
sion of his antagonism to American imperial
ism, and his espousal of the British, refused
to appoint an ambassador to Washington. He
has changed his mind-or rather the rapid drop
of the value of Argentina money has forced
him to face slightly Wall Streetwards. Horace
Oyhanarte, present foreign minister was APP
pointed as ambassador to Washington with the
special mission of negotiating loan of $780,
100000 with which the government hopes to
correct the low exchange value of Argentine
currency"
Another loan of $5OOOO,OOO is now being
floated in Wall Street for the City of Buenos
Ayres. Undoubtedly, for some reason, this
money could not be obtained in London at