The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-15
HELPING HAND
new POLICY ON
LATIN AMERICA
Flight of Cuba's Machado
Held to Mark Start of
New Era.
BY WILLIAM PHILIP SIMMS
Scripps Howard ForeiRn Editor


ScriDps- Howard FOREIGN Editor
WASHINGTON. Aug. l5.-The
fight Of Cubas Machado. dubbed
the president Of 1000 murders" Is
held 70 mark the beginning OF new
and vital phase in Uncle Sans
ever-changing relations not only
with Caribbean but with all Latin
America
In Latin American opinion. the
dollar diplomacy Of President
Mckinley and the big stick" policy
CT the first President Roosevelt both
seem destined to give way now to
the policy Of the helping hand. or
the good neighbor" Of the second
President Roosevelt.
And none too soon A world bat
tie for trade is on. and Latin Ameri-
ca is one Of the most important
battlehelds.
The seventh Pan-American Con-
gress meets next December in
Montevideo-upo what happens TO
Cuba under the new deal the fate
of that important conference very
largely depends
Hull Works for Trade
The Latin American conception
Of Pan-Americanism emphasizes
three points, namely. equality Of the
republic. great and small, co-opera-
ton and nonintervention.
His refusal to intervene in Cuba
and his announced four-point pro-
gram for rehabilitation of the island
are seen as evidence that this
conception also is the Presidents.
State Secretary Cordell Hull now
is working on a far-flung plan If
Impeachment between the United
States and the twenty-one republics
south of the Rio Grande This work
will come TO head at Montevideo,
where Hull is expected to head the
American delegation.
The new world trend in the direc-
ton OF extreme economic national
ism and regional trade agreements
makes the Latin-American market
and Latin-American friendship
more than ever vital TO the United
States Yet Great Britain and
other foreign rivals once more are
crowding out the United States.
Britain Again in Lead
In 1912. Britain's exports to Ar
gentina amounted to $4,000. 900
The United States exports to that
country amounted to S58000,000.
In 1926. the figures were Sl08,-
000,000 for Britain and $4,000 600
for the United States.
But last year Britain sold Argen-
tina $4,000 600 worth of her prod
ucts. while the United States sold
only $4,000 900 worth The sig
nificance. of course. is not in the
shrinkage of trade generally. but in
the fact that once again Britain has
gone into the lead for what there is
For this there are several reasons
One one-way tariff policy, interven-
ton in Nicaragua and propaganda
on the part OF our trade rivals. who
fully utilized WashingtoTs policy
of imperialism in Latin America,
are partly responsible.
Golden Era Is Gone
There are two other reasons. how
ever. of equal Importance. During
and after the World war our Euro
pean competitors were not in the
running. Competition was easy We
were equipped TO deliver our goods
10 Latin America promptly and Eu-
rope was not.
Secondly, American bankers, in
toxicated by the new era" of gam
bling and easy money almost forced
loans on Latin Americans by the
billions and naturally some of this
came back in the form of orders for
merchandise.
Today that golden era is gone
Great Britain and the rest OF our
competitors are back on their feet
desperately seeking an outlet for
their goods.
Loans Abroad Cease
Our loans abroad have ceased
Our dollar is fluctuating and the
British pound and the French franc
are stabilized. Sterling again is the
great international money. not the
dollar.
Hereafter says the department OF
commerce. We shall be obliged 10
battle for every uickelS worth of
trade we get abroad. and sound
dealing, tariff reciprocity. credit and
goodwill must be our chief weapons
In this situation. it is admitted
here. Cuba just now is the key to
Latin America The abdication OF
Dictator Machado is not the end
but the beginning
During the good years" We sold
more than Sl000.0O0.O00 annually
TO our southern neighbors. Cuba
alone bought $500 coo, 900 in 1920.
May Win Back Trade
BY applying the Latin American
conception Of Pan AmericaniSm 10
Cuba-equality. cooperation and
nonintervention- United States
stands TO win back tina. trade. and
more.
Canadas per capita purchases
from us. 1t was observed recently.
amounted TO $50 year. On that
basis Mexico could buy ST $50 .000, 600
worth Of goods annually from the
United States and all Latin America
more than SS000000. 600 worth.
UNIFORM REGULATIONS
FOR TRUCKS STUDIED