The Bismarck Tribune Newspaper, December 24, 1928, Page 16

fn Route With Hoover in Latin America — Further important exten- sions of our trade with Latin Amer- ica—one of the main ultimate « Sjects of President-elect Hoover's tour—are dependent upon the domestic develop- ment of these countiries. It is not enough to send high-pres- sure salesmen and make claborate ad- vertising campaigns. First purchas- ing power must be increased and then an educated desire for higher living standards and new luxuries developed Internal progress toward domestic prosperity may be, of course, and of- en is, accelerated by a proper use of foreign capital. Prosperity and Trade The great increase of our Latin- American trade in the past 15 years has been possible because the nations which have bought from us have first made themselves more prosperous by applying intensive, scientific meth- ods to agriculture and mining and de- veloping their domestic manufac- tures. That was bound to cause a great advance in foreign trade, more domestic interchange of goods and better stabilization of governments and currency. Most of the republics in question are topheavy with agriculture. As land values and labor costs rise, less em- phasis probably will be placed on the production of foodstuffs and raw ma- terials for exports. At the same time there will be a greater diversification of domestic indu ies, with more do- mestic commerce all through the hemisphere. Already, for instance. Brazil has come to the point where she consumes most of her own sugar, tobacco and cotton. Domestic manu- facturing industries in Latin America are bound to supply a larger share of the everyday necessities of the peo- ple, with the demand for our exports Increasing the while. As this is one of a number of stor- Jes written along Hoover's line of march and is designed to sketch the | situation in general terms before se- | | individual cording observations in countries, it may be well to classify the several varieties of trade interes’ which link us with these nations fro: the standpoint of American business ! , toncerns. First, there is the American manu- facturing company which buys or pro- duces most of its raw materials in the | United States and turns out a more or less finished product for export | tale. Ford or General Motors has an overseas plant equipment and inven- tory investment of $55,000,000 and a | payroll of 13,000 employes abroad, with subsidiary companies over the world. In addition to its branch of- fices it has some 20 foreign assembly Plants and warehouses. Movie Industry Another pure example of this type is our movie industry, which produces 90 per cent of the world’s amusement films, with something like 25 per cent of its income drawn from other countries. In addition to foreign sub- sidiaries and distribution offices, American movie magnates own or manage many foreign theater proper- ties. Similarly General Electric and Westinghouse are predominant in the world’s electrical equipment supply field. Another type of foreign business is = Will HOVER in Latin America’ that of the American firm which in- vests in and produces foreign raw ma- terials—nearly all Latin-American ex- ports are of this class—for sale and consumption in the United States. The United Fruit Company, for in- stance, has a $100,000,000 investment in Central and South America and in- creasing buying power in its operating field by paying out salaries and wages up to nearly $25,000,000 a year. Other American companies dig out half the world’s copper supply in Latin-American countries. | Then there is the combination of both types, buying raw material abroad and selling the finished product both at home and in foreign markets. Stand- ard Oil, with its foreign investment of nearly $400,000,000 is an example. American public utilities are also branching out, through foreign sub- sidiaries and connections. Interna- tional Telephone and Telegraph has a $130,000,000 investment in 18 for- eign countries. hrough controlled and associated systems it operates na- tional, district or municipal systems in Mexico, Chile, Porto Rico, Cuba, Montevideo, Buenos Aires and one of the Brazilian states. There are many other types of our business operating abroad—some con- cerns find it advisable to produce in the country of consumption, retail store corporations duplicate their en- tire chain systems in other lands, banks work through foreign branches and construction companies send men, machinery and capital abroad to do big jobs for other nationals. Problems of Future Obviously, our business men have (not been asleep. One does not so of- ‘ten hear the complaint of a few years ago that we were losing South Ameri- can business because of our inef- ficiency or éur ability to understand | the Latins. | It doubtless is true that many op- portunities for American capital and s enterprise are being over- y not have caught merican buying roblem of future expan- d at the outset of this 1 year to the Third Pan American Commercial Conference in Washington, when he said: | “Our commerce runs free within those limits of domestic policies by which we design to improve the eco- nomic prosperity of each of our in- ual countries, and it is upon the of each country that we iid foreign trade. e realize from an economic point of view, all of us, that our foreign | trade expands simply in ratio to the internal prosperitly of each of our na- ns. Enlarging standards of living, ‘th of wealth, the growth of nd constantly enlarg- of imported goods of which we cannot ourselves . and thus grows our foreign We gain nothing from the poverty of others. We gain everything | from their prosperity.” It ought to be said that a fuller rec- ognition of this fact was what changed our Mexican methods when Ambassador Sheffield was replaced , by Dwight Morrow. It is likely to be | the keynote of Hoover's Latin-Ameri- |can policy. ip iP Pee J | INNEW YORK | e- ——_—_—_—____—_+ New York, Dec. 24.—Those myster- ious figures of the upper underworld, who wear their shirt fronts as stiff as any clubman, can now be found “among those present” at the dressy soirees which mark the winter open- ings of Broadway's more frolicsome night resorts. The incongruities of an average crowd to be found at such events could be properly satirized only by some modern Gilbert and Sullivan. Celebrities and near celebrities are on hand, as of yore. Lovely chorines from the latest music show hit come Parading in upon the arms of form- ally dressed young spenders. Authors and gangsters and song writers and song pluggers and playwrights and actors and columnists find their way to crowded tables. Huge floral dis- plays clog the hallways and entrances. | ‘Wreaths and set pieces announce that “the boys” or “the gang” wish “So- and-So” good luck. But at the ringside, as they now] call the oval of tables about the little dance floors, spawns a new growth that has rotted since racketeering came into vogue. Scattered among the tables are the men of the upper underworld—the men whose names get into print when an Arnold Roth- stein is murdered; the men who are called in by the police’ when a Roth- stein mystery is under consideration; the men who have come to wield such ower in police politics that they mer- it official bowing and scraping and apology when they are called upon to appear at the district attorney's of- fice. In a word—the men of the up- Per rackets; the men who deal in millions. How some of these mil- lions are made can be gathered from ‘a recent huge seizure of drugs that | came directly out of data secured by federal authorities from the effects of | the late Rothstein. | ere | At one of the ultra-ultra night club | openings the other evening someone | Pointed out a number of men whose | names have figured in the Rothstein case. And a number of others whose | names will one day figure in other events of the racketeering clans. And someone else pointed out de- | tectives, garbed in the latest cut eve- ning clothes, sitting about at tables and apparently spending a very en- joyable evening with their beautifully | dressed companions. And someone jelse pointed out a few members of the narcotic squad, also in evening |Tegalia—all with an eye to what the jose of the upper underworld are up 0. see | To a stranger, like myself, wander- ing in—such a scene had the spell of the utterly fantastic, with a sinister undercurrent running just below the festivities, Here is one situation which, to date, ; the movies have not exaggerated. Quite aware that nothing would happen—at least that night—one feels that anything could happen. What with a room crowded with beauty and luxury, with names known from one end of the land to the other, with gay young ladies of the faster social sets, with men of wealth and reputation; what with detectives in evening clothes, and racketeers in evening clothes, and other racketeers with strikingly pretty girls; what with of- ficers of the narcotic squad seemingly Playing the role of disinterested guests and what with the knowledge that one class must have of the other —all the balloons in the world, all the jazz music and all the gayly stepping chorines cannot erase the sense of brewing drama. And, I am told, the men who oper- ate the festive night resorts would not dare to offend their sinister guests. Mayhap these very guests may have money invested—and there's always the chance of revenge when offense is | given. GILBERT SWAN. (Copyright, 1928, NEA Service, Inc.) HELP FOR WEAK KIDNEYS For Eisey ieniations and bladder irregula: , for lameness, backache, weariness and THE BISMARCK TRIBUNE _ MONDAY, DECEMBER 24, lyzs A CHECK FROM UNCLE BIM~ OuR CHRISTMAS SAV SOMETHING AINT YOU 6LAD TO SEE ME AGAIN AFTER MOWM’N POP HENRY, YOU'D NEVER) (“Yes HE GUNNS | Mom REFUSES GUESS WHO ARE NOT TO NOTICE POP UNTIL HE SPEAKING TO EACH EXPLAINS ALL THE MYSTERIOUS TTING “THE PAST WEEK AND. TIME WE HAVE A SPAT. or oe ey j TO SEE EVERY NIGHT IVE BEEN HOME AN HOUR AND I'M HUNGRY AS A HORSE. WHERE HVE Po BEEN HA! “WE FUNNY PARTS NNOW » THATS: UTOMOBIL I - 1S BUYING MOM A NEW CAR eae FOR CHRISTMAS AND HE'S LOOKING OVER THE NEW MODELS . HONESTLY, NOMEN CAN BE THE SILLIEST CREATURES — 1 AOMIT NOTHING! T MERELY SMO THAT MOM WAS SILLY To THINK WINGS ABOUT POP WITHOUT SOME PROOF, HEN NINETV-NINE TIMES OUT OF A | CAN'T SIN THAT. t ABOUT You t t Cane Wate) ae REY CHRISTMAS, ARS. FIGGETY! AND) (WY Waste ~ouR Time’? WEHANE Every.’ (TILL SURE BE MERRY (e Ya MAKE YOUR | [THING THERE IS AND OUR PRICES ARETH CATE PURCHASES RIGHT WHERE Ya aRe-| | LOWEST! NO NEED OF GOING ELsewHeRe! IN "TH GEST AN BIGGEST STORE tu TOMA! WELLE Wats We, WN OF & STORE Tus ts, | WiLLOO MY SHOPPING HERE ! orl wy UTE MARY SONES, WHO LINES WAY OOT IN) RENDY To Go || THE COUNTRY= HOW COULD. SMITA CLAUS EVER FIND HIS WAY OUT THERE ? ROW AES 1 HERES Brun MICH ADO ABOUT NOTHING, BOT CRRISTMAS. SHOPPING —— BOOTS, FOR THE LITE GIRLo = AND’ U) ,FOR THE LATTLE. LITTLE ONES WHO] MIGRT NOT BE, Od SNSTA CLS: Right after meeting, Thursday, December 27th. A dance and party will be given by the A. 0. U. W. Lodge at A. 0. U. W. Hall for their members and invited guests. : Admission 50c. -. per couple.