The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-05-14
EXTENDING TRADE
TO THE FAR EAST
Former Collector of Revenue in
Philippine Islands Makes Plea
for Free Relations Upon an
Equitable Basis-Ban-
quet at Jefferson
Tonight.
pMlTr1NG the well-establlshe.l

:
fective cooperation OF bank
ing and clearing g-house organizations,
President George Puchta, OF the Ma
tional Supply and Machinery Dealers
Association. declared at the joint ses-
sion OF the three conventions yesterday
that men engaged In the same line of
trade should band Themselves together
for mutual protection. but without vio-
lating the spirit OF fairness or the
recognized principle of business
ethics.
There were other notable addresses
upon subjects which vitally concern
man facturers and their allied in
terests, but the statement which gave
the most genuine satisfaction to every
body contained the comforting as
surance that from all parts OF the
country came evidence OF better trade
conditions and a general revival OF
Industrial activity.
Met Separately In Morning.
After meeting separately and in ex-
ecutive session in the morning. the
Southern supply and Machinery Deal
ers' Association. the National Supply
and Machinery Dealers Association and
the American supply and Machinery
Manufacturers Association, held an
open joint session at the Jefferson
auditorium yesterday afternoon, when
the annual reports and addresses were
heard. Having been called to Panama
on an important mission. Secretary Of
War Taft was una BILE to fill his engage
ment. and Mr.. John S. Hord. former
collector of revenue in the Philippine
Islands came as his tunderstudy and
showed how American trade could be
extended to the possessions. Last nlsht
there was smoker and vaudeville en-
tertainment, which was lacking in for
mality, but which was the most pleas
ant event of the opening day
banquet To-Day's Feature.
AT the morning sessions the three
conventions did little more than or
ganize and appoint committees, the
| important work being deferred until
to-day. They deliberate in executive
session There Is sergeant-at-arms
at every door. only the members being
admitted. The same plan Will be fol-
llowed to- day. At the banquet tonight
| two addresses on questions affecting
| the Industry will be delivered. Mr..
C. A. Moore, OF New York. will speak
on Commercial Fraternity" and The
Benefits Derived From Trade Organiza-
tons. will be the subject of an ad-
dress by Mr.. Robert Wuest. Of Cincin-
natl Mr.. John Garland Pollard. OF
Richmond, will discuss tThe Ladies'"
The one regrettable incident yester-
,day was the absence of President c.
II. Briggs. of the Southern branch. who
| is i'll at his home in Dallas, Texas.
| Resolutions by the same Organization
were adopted on the death OF Mr..
George a. Smith, OF Richmond, one OF
| its founders. the joint session later In
| the day passing them by rising and
silent vote.
Importance of Organization.
| In the absence of President Briggs.
Vice president j. c. Miller. of Hunt
| |ington. w. Va, presided at the joint
meeting, although he had not had
time to prepare an address. the Rev.
Robert w. Forsyth, rector of ST. Paurs
Episcopal Church, offered prayer, the
| convention sang America" and then
proceeded to business.
President Puchta, Of the National
| Association. pointed to the increasing
number of trade organizations, due
! to changed conditions which hae
brought them about. II sucf
/ association and cooperation arr
1 necessary and proper for the pres
] ent conduct OF business In on
individual concerns, he said. rs u
Inot equally essential in larger
sense. Our own government is Civ
ling recognition to trade organizations
as never before. This is shown in the
recent discussion in Congress regard
ing amendments to the Sherman anti
trust law and the granting of In
| creased powers to the Interstate Com
/ merce Commission. engagement
! of trade associations is unquesttonable
the discouragement of extremely
/ large industrial corporations, or So
called trusts.
/ . a nj
ton could be given, but just let mt
give you one. Little did we thinl
when we met in Cincinnati a year ago
/ when we had 400 present from all owe
/ the United States, representing con
i Germs whose aggregate ratings woul'
count millions, and when all was pros
perity, that at this time we would b.
4 called upon to face a great depression
lin business. You are all familiar witt
the strained financial conditions re
4 Gently experienced and the WHOLESOME
4 by the Bankers Associations an,
4 Clearing house Associations through
out our great land by co-operatiol
4 with the one great object In view-t
{. prevent apanic. a 1t was only by thi
wonderful effective cooperation tina
}, a great panic was prevented. Sue
u cooperation Is also going on in othe
q Lines OF business as WELL and will un
. doubtedly reduce more effective thi
depression to the minimum.
aa"May this work so on with energ
guided by wisdom, speeded on by good
will and ever tempered by justice t
all, adding materially to our happiness
our experience and our revenue.
Few Commercial Fatalities.
President M, w, Mix, OF the Amerl
can Supply and Machinery Manufac'
urers' Associations. which has til
iElargest 7 attendance here, was enthuslas
:, tically greeted by the convention. II
is a young man, a tyne OF the success
4 ful business man from the West, ES
J, pressing qualification at the lars