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no SELLING LATIN AMERICA
however, susceptible of enormous develop
ments. It has no agriculture to speak of, but
can successfully raise sugar, tobacco, coffee,
cotton, cocoa, bananas, wheat, cereals and
tropical and temperate fruits. Its forests are
rich in cabinet and hard woods. Medicinal
trees abound, as well as the tagua nut tree from
which the ivory nut comes, and the species of
palm which furnishes the fibre for Panama
hats. Cocoanuts are plentiful and of an ex
cellent quality. There are minerals in quanti
ties sufficient to pay for the mining, such as
coal, sulphur, copper, gold, iron and silver.
Oil has recently been discovered. Over most
of the land disease lurks and the ambition of
the native is dead.
The monetary unit of value is the sucre,
named after one of its military heroes; it has a
value in American money of 48.7 cents. Ten
sucres are the equivalent of a pound sterling
and are called a condor, after the Andean bird.
There are a few English houses in business
here, but the bulk of the trade is under Ger
man control. Many Syrians have come to the