There is but one thing more I want to say regarding the relations which underlie the success of such an enterprise as you are now engaged in. Of course, you have had a great amount of advice, and a great many speakers have told you a great many things you know, and I am going to put myself in line with the distinguished gentlemen who have preceded me by doing the same thing. At the basis of all intercourse, commercial as well as social, necessarily lies a genuine good understanding. That cannot be simulated; the pretense of it is in general, in the long run, futile. People trade with those with whom they have sympathy; they tend to trade with their friends. The basis of all permanent commercial intercourse is benefit to both parties--not that cut-throat relation which may exist between enemies, where one is trying to do the other--and a relation founded upon mutual respect, good understanding, sympathy, and friendship; and the way to reach the condition which is thus essential is by personal intercourse and acquaintance between the men of Anglo-Saxon or German or Norse, or whatever race they may be, peopling the United States, and the men of the Latin American race peopling the countries of the South. This is something, my friends, in which our people are very deficient. So long have we been separated from the other nations of the earth that one of our faults is a failure to appreciate the qualities of the people who are unlike us. I have often had occasion to quote something that Bret Harte said about the people of a frontier western camp, to whom came a stranger who was regarded by them as having "the defective moral quality of being a foreigner." Difference from us does not involve inferiority to us. It may involve our inferiority to somebody else. The sooner our business men open their minds to the idea that the peoples of other countries, different races and speaking different languages and with different customs and laws, are quite our equals, worthy of our respect, worthy of our esteem, regard, and affection, the sooner we shall reach a basis on which we can advance our commerce all over the world. A little more modesty is a good thing for us occasionally; a little appreciation of the good qualities of others--and let me tell you that nowhere on earth are there more noble, admirable and lovable qualities to be found among men than you will find among the people of Latin America. Gentlemen, I hope for you the effectiveness of a great and permanent organization, and that you may advance the time when through more perfect knowledge, through broader sympathies and a better understanding, ties of commerce may bind together all our countries, advance our wealth and prosperity and well-being with equal step as they advance the wealth and prosperity and well-being of all those with whom we deal, and increase the tie of that perfect understanding of other peoples which is the condition of unbroken and permanent peace.