286 SELLING LATIN AMERICA
ling your goods abroad and if possible adopt
or be guided by his suggestions. He is on the
firing line and has his finger on the pulse of the
buyers, therefore his opinion is worthy of the
most serious attention.
As typical of the high-handed hold ups of
the local Dick Turpins, who have registered
trade marks under their own names in Latin
America let me state that I know of two
American patent medicine men whose products
have been extensively advertised and are
almost household words in the United States,
paying $28,000 and $25,000 respectively for
the privelege of using their own names in one
country of South America. Both of these
concerns had been doing business in the United
States for forty years and they afterwards ascertained
that the gentlemen (?) who had
registered their names had been waiting patiently
for their coming all the time. A well
known mineral water, within the past two
years, paid according to my positive knowledge
$2500 for their trade-mark and considered
that they got off remarkably cheap.