Full text: Selling Latin America

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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
	        
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