May 7, 1915 
woman (who in many cases are su- 
perior to our girls) and sometimes 
settling down for life. We must 
leave playing with South America. 
We already are looked upon as 
“four flushers and bluffers.” Let us 
quit talking about South America or 
else let us send our young men down 
there seriously to stay as do the 
young men of Germany and Eng- 
land. 
“Concerning the great resources of 
South America I am fully convinced. 
Concerning the great opportunities 
there, | have no doubts. The only 
question which troubles me _ is 
whether or not we—a _ democratic 
people with a democratic form of 
_government—can develop a_ success- 
ful foreign trade under present con- 
ditions when force rules the world. 
The English have’ developed great 
foreign trade at the point of their 
guns. The Germans have developed 
_ great foreign trade through subsidies 
and trusts. The whole foreign trade 
game—as played today—is contrary 
to the fundamental principles of de- 
mocracy. Considering that our gov- 
ernment is apt to become more— 
rather than less—democratic, and 
that the powers of the masses will 
gradually become greater, while the 
influence of capital may consequently 
- became less, what is the outlook for 
our foreign trade, and investments? 
England and Germany have adopted 
“dollar diplomacy” accompanied by 
the “big stick.” Will we? I think 
not. 
“Hence, I believe that there are 
two things which we absolutely need 
in order to develop a real foreign 
trade with Latin America: 
“(1) Protection for our invest- 
ments abroad, so that we can safely 
extend credits and start banks. The 
Europeans ‘have established credit 
for their people through making 
trary to democratic ideas, it is very 
improbable that out people will stand 
for such a policy. 
“(2) Freedom from dependence 
on foreign ships, cables, and other 
means of exchange. Here again 
_ Europe has established prestige for 
its manufacturers and shippers in a 
_ way that our people will be very re- 
HM luctant to assent to. 
_ “Tt therefore seems to me that we 
; 
4 
i 
must devise some other means by 
which we can secure protection for 
our investments and freedom from 
dependence on banks and ships con- 
trolled by other nations. Hence, 
does not the future of our foreign 
trade depend on developing machin- 
ery whereby we can start foreign 
_ banks, steamship lines, etc., under a 
NORTH SHORE BREEZE and Reminder Ay 
them fear them, but this being con-’' 
Get Your Name in the 
New Telephone Directory 
You will help us handle the Summer rush 
and 
insure the listing of your number 
in the next directory if you order your 
telephone TODAY. 
Your co-operation 
will be appreciated by our entire force. 
Why not also order an extension tele- 
phone at 50 cents per month? 
Call the manager if you desire service. 
New England Telephone & Telegraph Co. 
I. W. ROLFE, MANAGER, Gloucester 
neutral flag, which will be under both 
international control and protection? 
“In the meantime let us all work 
for the formation of a ‘Bank of 
North America’ controlled by our 
manufacturers with branches in the 
important Latin-American cities.” 
SpecrAr, Novice to Rep Cross 
Capers ! 
The American Red Cross Maga- 
zine, the official illustrated monthly 
publication of the American Red 
Cross, is now on sale at the principal 
news stands throughout the United 
States. It will be mailed monthly 
to any point in the United States for 
a year for $1, which is the annual 
subscription rate. 
The magazine is’ in the news 
stands on or a few days before the 
first of each month. The Red Cross 
membership and naturally the circu- 
lation of the magazine are growing 
rapidly. Red Cross members every- 
where are invited to join in a mem- 
bership campaign. The magazine is 
a medium for continually disseminat- 
ing educational information about 
the many peacetime and wartime ac- 
tivities of the American Red Cross. 
Store Proprietor—What has be- 
come of that clerk we hired last 
week ? 
Departinent Manager—JI had to 
fire him. 
‘Tneompetent ?” 
“Nope. Too much of a joker.” 
“T don’t understand.” 
“Miss Giddigad telephoned for a 
spoonholder and he asked her if a 
hammock would. do.”—Youngstown 
Telegram, 
