The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-08-22
TRADE CONFERENCE
HELD BUSY SESSION
CALLED BY SECRETARY OF
THE TREASURY
A pgJRI REpnpT
PUBLIC REPORT
Anderson People Learn of What
> Conference on Banking, Ship
ing etc. Accomplished

The Anderson chamber of COM
mcrcc and the business Industries of
the city have been notified Of the work
accomplished at the recent confer
ence In Washington. held by the Ma
tfonal Foreign Trade Council, at
which the conference considered ques-
tions relative to shipping, grain and
other industries
The National Foreign Trade Council
was represented at this conference
by committee consisting of james A.
Farrell. chairman; Samuel D. Capen,
of st. Louis; A. c. Carson. of Sa-
vannah; E. A. s. Clarke, of New York;
Robert Dollar. Of San Francisco: p.
a. S Franklin. of New York; James
j. Hill. of st. Paul; Edward N. Hur-
ley, OF Chicago; Barton Myers, of
Norfolk. Va; Welding Ring. of New
York; John D. Ryan, of New York;
W D. Simmons. of Philadelphia, and
E. P. Thomas. of New York.
Efforts were made by the chairman
to have the members OF the council
who reside In Galveston and Mobile,
who were unable to attend, represent
ed by substitutes. but the Galveston
Cotton Exchange and the Mobile
chamber OF commerce were unable to
arrange this. Senator j. e. Ransdell
OF Louisiana. waS designated by tho
New Orleans Association of Com
merce. to act for that city
Resolutions.
The business men attending the
conference adopted the following
resolutions:
Resolved, That this conference.
representing the business interests of
all sections Of the country. expresses
Its high appreciation OF the prompt
and effective action Of the president
and congress and the secretary Of the
treasury In affordlng prompt solu-
tion OF the currency difficulties ere
ared by the outbreak Of war in Eu
rope on a colossal scale. and that this
conference urges upon the govern
ment, the secretary OF the treasury
and federal reserve board to continue
Its cooperation by the adoption OF
such measures and rendering such
prompt aid as may be necessary to
enable this country to cope with the
difficulties created by the. unprece-
dented disarrangeE; .at Of foreign
trade now existing, and recommends
especially that immediate assistance
be provided to permit the negotiation
Of bills OF exchange and tho shipment
of products to foreign markets 80 that
the congestion already prevailing
may be at once relieved and that the
financial balance OF trade may be-
come In our favor.
. War Risk Insurance.
Resolved. That this conference.
urges the United States government
to establish a bureau Of war risk In
surapcc to be administered under the
direction OF a suitable government de-
partment by hoard of three or five
members. which shall assume the
risks Of war on American vessels and
American cargoes shipped or to be
shipped thereon. when In the judg-
mept Of the board It shall appear
that American vessels or shippers on
American vessels are unable in any
particular trade to compete on the
water with the. vessels or ships of
other nationalitfe3 by reason of the
protection afforded such other car
riers or shippers by arrangements
for war indemnity through their gov
ernments, and thnt such board have
power to fix rates OF premium subject
to change to each country or for each
,class OF cargo.
Merchant Marine.
Resolved, That the present oppor-
tunity to extend American trade ard
the opportunity now to begin the Gre
alton OF o mercantile marine under.
the United States flag is 80 great that
this conference appeals to congress
by immediate and effective changes In 4
our navigation laws to make 1t possi-
bic for our citizens without diCcrmi-.I
nation to buy and operate ships un-
der American registry In foreign
trade on equal competitive terms with
all other maritime nations.
.i Ca.0peratiye Effort
Resolved, That this conference!
deeply appreciated and earnestly and
sympathetically responds to the sug-,I
gestion Of the secretary OF the treas
ury In his opening address that the
cooperation of the business interests
OF the country with :he government
and It's various departments should
prevail, and In order that each may be
effectively and most promptly accom-
plished be Il
Standing Committee.
Resolved, That It is the sense OF !.
this conference that standing conn.,
mittee should be appointed,' composed |
OF recognized experts in foreign ex.
change. marine and insurance prob
lenls and In pcean Transportation
problems. in order that II desired, in
~ ttnwx 80 ~