The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-03-31
The (PracticaD Good Neighbor
(philadelphia Record)

~The United states hopes to establish a
united front in the Western Hemisphere which will
be ready in case of need to against the totali
tartan States"
So speaks General Wilhelm Faupel Nan leader,
in an attack on this country Oddly enough, we
agree with him.
That is just what the United States is trying toI
do and ought to be trying to do, 50 long as 1t. IS
distinctly understood that by in case Of need we
mean only defense of this hemisphere.
Certainly no one credits the United States with
aggressive designs in Europe If we seek political
and economic alliances in Latin America II IS IN
frtherance of the Monroe Doctrine. a National policy
somewhat older than Pan-Germanism or Nordic
Supremacy.
Our Good Neighbor policy in Latin America
destroys no sovereignty no threats. It is in
fact Just the opposite of the Bad Neighbor policy
deliberately pursued by Germany. A national leader
who lays down open plan of conquest for his
neighbors in the South and EaSt-aS Hitler did
will scarcely escape rdicule if his spokesman attack
other countries for pushing policy of non-aequsi-
tive friendliness.
After the conquest of Austria and the Sudeten
area, General Faupel needs typical Nazi brass to
the United States for trying to improve its
relations with the other nations in natural sphere
of trade and influence.
An example of the U. S.-Latin American policy
in action is the new trade treaty with Brazil Unlike
Argentina, Brazil has exports such coffee, rubber
etc. that the United States take without injring
any domestic producer.
In spite of this ideal condition, u S. trade with
Brazil was off nearly 10 percent last year, due to
the penetration of the German barter system in
South American economy General Faupel would
see the United States sit by with its hands folded
while Germany walked off with its trade and its
friends
The U. S. State Department has different ideas.
1t has arranged a credit Of S69O00000 for Brazil
through the Export-Import Bank and the Federal
Treasury, secured by future output OF Brazils gold
mlnes.
In return Brazil will thaw frozen U. s credits,
resume payments Brazilian bonds. These bonds,
S3570O0 of which are outstanding here have been IN
default for year Brazilian 6i2 percent bonds have
been as low at 95s this year and percents have
been down to lis They rose reports OF the pact
and on the day when the agreement was announced
advanced to 10 and 1915, respectively.
This means a definite clearing of the air IN
u S-Brazilian financial relations. And it should
mean more actual trade because this is not one OF
those trade treaties where try to sell our goods
without being willing to take anything in return.
Especially hopeful are some of the details of the
new accord. We are sending experts to Brazil to
see what can be done to develop their rubber, hard
wood and other industries. There is no reason why
American capital should not be encouraged to develop
products that be to this country. This is
especially true of rubber strategic material whose
present sources are too far away for comfort IL
event of a major war involving the Eastern Hemis-
: phere
No wonder General Faupel is sore.
Uncle Sam is actually getting back into the South
American market.