Evening star., 1932-01-09

ing the 20 Latin American republics
and various insular possessions, we find
that, roughly speaking, nearly hall
million Europeans were arriving yearly
on the shores of Latin American coun-
tries. Argentina received the major
portion of this current or some eight
or nine hundred immigrants a day;
and these were Systematically placed
about the nation and not allowed to
settle in congested districts OF the
larger cities.
Today, or during 1881, the movement
of emigrants to Latin America Is just
the reverse of the current prior to 1914.
None of the republics has received i'm
migrants in large numbers; to the con-
trary, the coming of people Of imni-
grant classes has been discouraged.
Each Latin American nation has had
its unemployed, hundreds of thousands,
as the case may be, and it has been
necessary to cope with this problem.
The temporary restriction of immi-
grafton, therefore, seems to have been
wise move-it has reduced unemploy-
ment the lowest figures possible.
But these restrictions, it must be re-
membered, apply to the present de-
pressed period. Every informed man.
Of course, knows that the Latin Amer
the welcome to immigrants, and, like
the stream that poured into the United
States in earlier days, with it will flow
many sturdy characters whose aid tc
the upbuilding of the several nations
will doubtless be pronounced.
British Advisers Optimistic.
British investors have many wise
counselors who reside in one or an
other Latin American country, and it
is partly on their reports that the
bondholders of England are guided in
their buying and selling activities,
looking over these reports from diverse
fields of Latin America while, in gen.
eral, depression is pronounced and con-
tinues, it is further to be seen that
British opinion is optimistic, but long
pull upward" seems inevitable.
Both British and American financiers
have called attention to conditions that
prevailed in 1890 when some of the Re-
publics found it impossible to meet for
eign obligations. But indefatigable eff
forts on the part of government officials
proved successful and these obligations
were gradually met, to the integrity and
honor of the several governments That
which was done in the past may be re-
peated today; certainly, bondholders
may feel some assurance in the rigid
economy now being practiced in Latin
America; it is an indication OF the full
fillment of promises.
A feature of the inter American CO.
operation in planning for tomorrow was
the assembling at Washington in Oc-
tober of delegates from governments
and from leading commercial and in
I,,c wi 81 f7ot - 1T
At this fourth Pan n-American Com
mercial Conference the visitors met
United States delegates and for week
these all-Americans discussed matters
of common concern. Numerous resolu-
tions were formulated looking to the
betterment of business relationship re-
moVal of many barrier that has i'm
peded progress. And after the confer
ence closed nearly half hundred of the
visiting business leaders" toured the
Eastern States and saw the operations
of many different enterprises of this
country, most of which consume raw
materials from the other Americas.
Thus year OF depression witnessed in
ter-American mingling and building Of
friendship, the value of which is far be-
yond that of dollars and cents.
The meeting of representative bank
at Lima in December was an important
step for promoting financial stability In
the several countries as we'll as q phase
of cooperation and personal exchange
of views. Out of this meeting grew the
recommendation that all of the coun-
| tries concerned do their utmost to bal
ance their respective budgets and other
wise strive for economy to meet the un-
usual situation.
The efforts to balance the budgets of
the several nations is story entirely
too lengthy for consideration in this
brief article.
In conclusion, when shall We expect
the return of prosperity in the Latin
republics? The answer is as dificult as
If the question were asked Of the United
States. Some facts, however. are self
| evident All the Latin American re-
| publics will further resume their normal
and varied activities when the giant in
| dustries of the United States and those
| OF European countries begin to show
| signs OF renewed vigor and production,
! Finished goods must be started from
raw materials; and no part OF the earth
| is more bountifully endowed than the
vast stretch of nations that lie south of
| this country. All OF these countries are
practicing economy and by other means
are marking time" When the order
! for raw materials is heard the re-
sponse win be immediate.