This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...in his work. The vital principles of life as they relate to the intercourse of mankind will undergo no great change but our attitude toward these principles will shift more to bedrock. We are already beginning to do as well as we know; we are crossing over from knowledge into habit--we are adjusting our conduct to our principles. Confucius said in the ages long past, "The man who knows the truth is not equal to the man who loves it." Nor is the man who loves the truth equal to the man who lives the truth. Pan-American relations.--U. G. Dubach, Oregon Agricultural College. The mutual advantage of cooperative action demands attention now. The foreign trade of Latin America totals almost three billions annually. United States does about 40 per cent, of this. Latin America sells what we need--coffee, rubber, minerals and metals, hard woods, extracts, fruits, grains, animal products, etc. Latin America needs what we sell and will have to sell in increasing quantities--manufactured goods. We compete successfully with Europe in some lines of machinery, leather goods and manufacturers of wood. We are weak in textiles, porcelain, china, earthenware, glassware, toilet preparations and accessories. How can we grow in Latin American trade? Credit facilities, weak in the past, will be greatly strengthened by the establishment of branch banks in Latin America, under the Federal Reserve Act. Shipping disadvantages, overestimated in the past, should be entirely overcome by increased United States tonnage constructed now for war purposes. Exporters must study manufacturing processes more thoroughly, and the markets and marketing conditions first hand, in order to compete with the English, Germans and French. Ninety-five per cent, of foreign investments in Latin Am...
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