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Investments in Latin America

Investments in Latin America

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Excerpt from Investments in Latin America: And the British West Indies

Sir: There is submitted herewith a report by Special Agent Frederic M. Halsey on investments in Latin America (except Mexico) and the British West Indies. One of the outstanding facts in the foreign commerce of the great exporting nations has been the way in which such trade has been enlarged and stimulated by the investment of capital in the countries to which the goods are sold. Enterprises that owe their existence to foreign capital are naturally inclined to purchase equipment and supplies in the land of their financial origin. And, again, the willingness of foreign capitalists to assist in the development of a country's resources creates a favorable attitude on the part of that country's citizens and a receptivity toward other business propositions. Before the war the commanding position of European nations in certain Latin-American markets was due in large measure to their great investments there.

The realization of these facts has impelled the Bureau of Foreign and Domestic Commerce to undertake a comprehensive survey of the investment situation in this field, to the end that a larger amount of American capital may eventually find its way thither and a corresponding commercial advantage be derived. The Bureau appreciates fully the exigencies of war conditions and the undesirability of diverting capital at this time to foreign fields, yet it feels that preparation may properly be made for the expansion that will come after the termination of the war. By means of the present monograph it desires to place in the hands of American financial interests a succinct statement of what has been done thus far in the investment line.

Mr. Halsey has purposely avoided speculations as to the future or suggestions with regard to new, uncertain ventures. He has simply presented a record of present effort and past accomplishment. Each country is dealt with individually. Records of the national debts, and in some instances of State and municipal debts, are given, together with brief financial histories of the several countries.

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