Evening star., 1932-02-14

Continued From Third Page.)
revenue purposes-but even SO. when
sales are cut in the two heretofore
largest markets. reason indicates that
the third one will be accorded greater
consideration.
| That is, with reduced sales in Cam
! ada, Great Britain and Europe in gen.
| eral, business leaders Of the United
States will be In better mood to admit
the contention, repeatedly expressed
but until now not sufficiently seriously
considered, that the real future OF this
country's export trade lies with the
20 Latin republics Of the Western
| Hemisphere.
indispensable to United States.
They will be better disposed to ac-
cept the truth of what the advocates
CT inter-American commercial inter-
| change have been repeating for years:
That the Latin American nations, by
geography and history, constitute the
logic economic complement Of the
United States; that, economically speak
ing. they are almost indispensable to
the prosperity of this country. for 1t
has been proved that without an ade-
qIate outlet for Its surplus products
economic equilibrium cannot be re-
| stored within its boundaries, and that
of all foreign markets. the Latin
American is the most extensive. homo
geneous, and the one which holds more
promise for the future, because 1t COM
prehends 20 countries Of vast natural
| resources almost unexpected as yet,
and all Of them being in the wake Of
their industrial development.
Another announcement, which ap-
peared in the press almost at the same
time as that Of the adoption Of Gus
| toms tariff by the British Parliament
will probably have similar effect in
focusing the attention of business men
in the United States upon the poten-
tialities Of Latin America as an export
market.
This one came from Montreal,
Canada, and reported the appearance
in that country OF an enthusiastic trend
for the entering Of Canada into the
international race for the conquest OF
Latin American markets, a race in
which Great Brit>n. the United States.
Germany. France and italy have until
now played outstanding roles.
Definite Impetus Seen.
The report added that a definite i'm
petus in this direction will be given by
The establishment of an exporting cor
| poration formed by the leading manu-
| facturerS and business men OF the
Dominion In the event of the sue
cess of this plan. the Canadian gov
| ernment has already promised to main
I tain a direct steamship line to the
| Pacific Coast of South America. touch
f, ing ports of Panama, Colombia, Ecua
| dor, Peru and Chile.
| One Of the proponents Of that cor
poration emphatically stated that Can
| ada. especially at this time, is keen
/ about the establishment of favorable
trade with Latin America and that
Canadian exports to that part Of the
world could be made four times greater
than imports. thus giving very fa-
yorable balance in Canada's favor"
The appearance Of a new rival. and
the renewed efforts which the Euro
pean nations are constantly exercising
to gain larger markets in Latin Amer
ica. must necessarily have beneficial
effect in arousing in the United States
greater commercial interest in the
Latin republics Of the continent. The
more SO. when Uncle Sans largest
| customers outside of Latin America are
| building up protective tariff walls in
the best American fashion.
| Copyright, i932.)