FOREIGN TRADE: Latin American Bonds

Oct. 2, 1889, James G. ("The Man from Maine") Blaine, U. S. Secretary of State, opened the First International Conference of the American States in Washington. One recommendation made by this conference: an Inter-American Bank, to be owned cooperatively by the U. S. and other American Republics, to finance hemisphere trade. Last week, 50 years later, Cordell Hull's State Department had lined up five Latin American Republics (Colombia, Mexico, Nicaragua, Brazil, Bolivia) as its partners in an Inter-American Bank, to be set up as soon as Congress passes the necessary laws....

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