In the Brazilian Chamber of Deputies in December of 1913, Señor Pedro Moacyr questioned whether, even should the United States spare Brazil the fate meted out to Colombia, in regard to setting up the baby Republic of Panama so that the North Americans could construct the Panama Canal, Brazil would accept the tutelage over Latin America which President Wilson, improving on the imperialism of Mr. Roosevelt himself, and yet further accentuating the disquieting deviations of the Monroe Doctrine, had proclaimed? What it came to was, said Señor Moacyr, "that the Latin Republics are no longer to have the right to grant to foreigners such concessions and privileges as it may suit them to grant, and, under pretext of preserving them from a problematical European imperialism, the United States will subject them to its own domination and control. What, in this case, becomes of the integrity and sovereignty of Latin America for which the great Republic displays so much solicitude? More and more the Monroe Doctrine, new style, displays this manifest tendency: America for the United States.... Will the great Latin Republics be willing to submit to this American control, and subordinate their foreign policy and their economic orientation to the views and interests of Washington? We do not believe it." It is only right that United States financiers should receive privileges the same as are accorded to the financiers of other countries; but such a pronouncement as that of President Wilson only intensifies the distrust of South Americans, so that when looking beyond their own frontiers for money they are more disposed to direct their gaze across the Atlantic than to the people of the United States. What may be taken as quite certain is that the big Latin Republics have sufficient confidence in themselves to refuse to accept any lectures from North Americans. Coming late into the field the United States is now making strenuous endeavours to increase its trade with Argentina. Operations in regard to railways, and creating a meat monopoly in the hands of Chicago firms, provide the most striking proof. In regard to the creation of a meat trust, there is now a Bill before the Argentine Parliament providing that any contract relating to commerce or transport affecting the price to the consumer of articles of prime necessity is illegal. Those who form the trust can, under this measure, be punished for misdemeanour, and directors of companies or associations will be held personally responsible, and on repetition of the offence their companies or associations dissolved and effects confiscated.