Not only transportation, but communication, is necessary to commercial interchanged.

I think it probably wise to look with more or less suspicion on reports concerning the attitude of this Government toward China and its representatives in China which originate out of our country.

While America is not the chief market for breadstuffs and animal products of these countries, it is and must be the chief market for industrial raw material, tropical and semitropical foods, copper, hides, wool, oil, cane sugar, and coffee.

I have happened to see a number of reports of that kind which had a foreign origin that didn't have any foundation.

There is no foundation for the reports, so far as I know, that Mr. MacMurray, our Minister to China, has resigned.

No doubt the most important influence in enlarging trade is advertising.

Our Pan American Union is creating a new civilization in these western Republics, representative of all that is best in the history of the Old World.

A prime requisite of commerce is transportation.

It is our conclusion that while government should encourage international trade [...] those who are actually engaged in the transaction of business must necessarily make their own contacts and establish their own markets.

An exchange of commodities always results in an exchange of ideas.

The Pan American movement rests on the principle of mutual helpfulness.

Under our standard we do not expect the Government to support trade; we expect trade to support the Government.