Full text : Selling Latin America

RECIPROCITY

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States  without  success.  Finally  a  German
raised  the  money  in  Hamburg  and  now  everything ­
  about  the  line  from  the  electrical  installation ­
  to  the  motorman  and  his  uniform  is
“Made  in  Germany.”  Being  the  first  and
only  underground  road  in  Latin  America  it
was  written  about  and  talked  of  everywhere,
and  at  all  times  the  Germans  got  credit  for
the  enterprise  and  were  well  advertised  as
efficient  and  wonderful  engineers.  This  was
another  opportunity  lost  to  us.
Before  the  European  War  started  a  syndicate ­
  of  English,  French  and  Germans  had
agreed  to  expend  $200,000,000  in  Colombia
building  railways  and  in  making  the  Magdalena ­
  River,  the  only  highway  to  the  capital  at
Bogota,  navigable  at  all  seasons  of  the  year.
Due  to  present  hostilities  they  had  to  abandon
the  project.  The  terms  offered  by  Colombia
were  excellent,  including  5  per  cent,  interest
on  the  capital  and  the  further  provision  that
the  government  would  ultimately  within  a
specified  period  take  over  the  road,  paying  an
            
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