6 SELLING LATIN AMERICA
$160,000,000 and imported from them $250,-000,000.
Brazil, in 1913, imported $15,000,-000
in textiles alone, of which amount the
United States supplied only $500,000. In the
same length of time Argentine imported goods
to the amount of $468,999,996, of which
amount less than 8 per cent, was supplied by
this country. The United Kingdom exported
to all of Latin America $23,500,000 worth of
coal in 1913, the United States, during the
same period of time, $750,000.
Practically the same story in all lines of exports
could be told of these countries, demonstrating
that individually in nearly all cases
the United States is the largest consumer of
their raw or finished products and the smallest
exporter of the goods they most require.
Fearful that some one may infer after looking
at these figures that European countries
have preferential duties with Latin America,
let me state most emphatically that this is not
the case. With one single exception no favoritism
is shown any of the trading nations, in
the matter of import fees, and in that instance