Salt Lake Tribune | 1915-09-17 | Page 4 | South Americans are Disappointed

SOUTH AMERICANS ! ARE DISAPPOINTED Exporters in the U. S. Have Taken No Steps to Extend Ex-tend Their Trade. NT5W YORK, Sept. 16, Dr. L. 3. Bowe, secretary general of the Ban-American Ban-American financial congress, who returned re-turned today from a three months' trip to South America, whore he studied financial, industrial and commercial eonditions, declared that in Peru and ('hile, especially, he found a feeling of disappointment that American exporters export-ers had not taken advantage of the opportunity to build up closer trade relations. re-lations. Dr. Rowe, who is professor of political politi-cal science at the University of Penu-sy Penu-sy 1 v a a ia , also was entrusted with a special spe-cial mission by Secretary of the Treasury Treas-ury Ale Ad oo to conifer with finance miii isters with a view to giving early effect to the resolutions passed oy the recent Washington meeting of the" congress. con-gress. American exporters. Dr. Rowe declared, de-clared, failed to adjust themselves to the changed conditions brought about by the European war. He found that they appeared unwilling to grant credit such as South American countries were accustomed to receive. Manufacturers here must overcome this, if they would capture the trade of South America, in the opinion of Dr. Rowe. He also found more direct and rapid communication between this country and those of South America a crying need. ''Throughout South America, but particularly par-ticularly in Chile and Peru," Dr. Rowe continued, "there is a marked feeling of disappointment at the failure or American manufacturers and merchants to avail themselves of the extraordinary extraordi-nary opportunity for the development of closer trade relations, which the. present European conflict has made possible-, "The entire commercial system of South America has been built up on the basis of long-term credits a minimum min-imum of ninety days, and often extended extend-ed to six months. Dr. Rowe said American manufacturers manufactur-ers generally insisted on cash payments. ( ' Furthermore. ' ' continued' Dr. Rowe, "the American manufacturer in his dealings with the merchants of South America apams fn ho riAniinnf.J by a spirit of distrust, which is foreign for-eign to his domestic dealings and which its without justification in the conditions condi-tions of South American trade." The opening 0f the Panama canal. Dr. Rowe said, had not resulted in any great saying of time between New York and Chile. " If, ' ' Dr. Rowe added, ' ' A merican manufacturers will adapt th'emselves to the conditions of South American markets, mar-kets, granting the credits to which South American merchants have been accustomed and dealing with them in the same spirit of confidence which they have received from European sources, we may confidently look forward for-ward not only to a notable increase in our South American trade, but what is even more import-ant, this increase will be a permanent gain to our trade relations. re-lations. ' '