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 ex ports could be told of these countries, demon strating 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 look ing 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 favor itism is shown any of the trading nations, in the matter of import fees, and in that instance