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Show ITHE LATIN AMERICAN TRADE "Wo must understand that ties of trade bind nations In closest Intimacy nnd none may receive except as he gives. We have not strengthened-ours strengthened-ours In accordance with our resources resourc-es or our genius, notably on our own continent, where a galaxy of rcpub-, lies reflect the glory or new world democracy, but in the new order of finance and trade wo mean to pro-moto pro-moto enlarged aetlvltles and seek expanded ex-panded confidence." Prest Hard-llng's Hard-llng's Inaugural address. I I Tho expansion of our trade with tho Latin Americas which has been t recorded slnco the world war has been more in Bpite of than with the help of tho Democratic administration. administra-tion. Tho year preceding the outbreak out-break of the war, 1913, our trade 1 with Central America, Mexico and tho West Indies and South America-aggregated America-aggregated $778,000,000 In value,' of ,whlch 1442,000,000 consisted of lm-1 lm-1 ports and $336,000,000 exports. That trado accounted for 18 per cent of 1 our total for the year. In 1919 It accounted for about 20 per cent of ' our total trado or about $2,323,000,-',000 $2,323,000,-',000 of which $1,341,000,000 was ' Imports and $982,000,000 exports; land In 1920 It reached $3,365,000,-' $3,365,000,-' 000 or 2D per cent of our total trade with all tho world, $1,805,000,000 being Imports and $1,560,000,000 being exports. During the past few months complaints have bcon heard that tho trade is again slipping away jfrom us and returning1 to Europe. Thl' Is due somewhat to exchango 'rates and It Is to ho feared sonio-jwhat sonio-jwhat to our t'endoncy to Ignore Latin Lat-in American markoiu when others aro In sight. Yet hero at our doors lies Amori-' Amori-' cu'a best bot In trado. It Is with our ' Immedlnto neighbors that wo should strive most earnestly to bring nbout those atnlcablo arrangements and I understandings which will lnsuro the highest comcrclal expansion. Wnll the government lays tho ground work j which should consist of a scheduled j and certain freight service to and from those countries, the assignment to those posts of officials who are "go-getters," und every, encouragement encourage-ment to trade which fairness to our j own producers will permit, private industry" should make an intensive y study of the peculiar needs of the Latin Americans, the Btudy of Spanish Span-ish and Portuguese should be encouraged en-couraged In our schools, and that contempt for "foreigners" which arises ar-ises out of an Isolated ignorance In some parts 'of this country, should ) bo eradicated through education, ' I If we can develop a commerce of from flvo to ton billions of dollars with tho wcstcrnhemlsphero the comcrclal com-crclal card-stacking of the old world need not worry us a great deal, nor will it last very long. |