The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-13
INDUSTRIAL LEADERS
FORM TRADE COUNCIL
Unite to Develop This Country's
Business in Foreign
Lands.
FARRELL rs CHAIRMAN
Men Of Note in Many Lines
From All Sections in
New Body.

James A. Farrell president ~ tina
United States Steel Corporation. an
nounced yesterday the organization and
purposes OF the Foreign Trade Council ~
which no II the chairman. The busineys
OF the new organization will DO to cor
duct an aggressive and systematic cam
psign for the extension OF American over
sea commerce. Greater prosperity through
greater foreign trade II the basic princi.
pie Of the movement.
In making public tho personnel and
plans OF the council Mr. Farrell said
The next great era In the economic deve-
opment OF the United States will be IN.
extension OF our foreign trade, and thu
formation of the Foreign Trade Council IL
a necessary preparation for this evolution
In our business life.
by gathering active and Representa-
tive business men into such body AMI
cooperating with all elements In our over
sea commerce II Is hoped TO encourage
every practical and sound policy deSlgned
to secure for us our share Of the trade 70
the worlds markets.
Developed without Aid.
THE foreign trade Of tho United States
dollars year, of which two and a hair
billion dollars represent exports This
trade has developed largely by reason ~
our natural resources and the individual
enterprise of American industry, but
without an American merchant marine.
comprehensive national policy or CONNER
clal and industrial cooperation. The
foreign trade Is important as affecting
American enterprises and labor at home
On the other hand il IL not large enough
10 absorb all our manufacturing potter
tialitles."
The first meeting Of tho council Will
he held here in the early fall, and one 81
the first acts will be the appointment ~
n committee to cooperate with a COM
mlttee OF the Chamber ~ Commerce ~
the United States. The council will seek
information and advice from manufsc-
tuners associations throughout the coun-
try. II viii call and prepare for another
national foreign trade convention. which
will be held In Washington during the
early part OF 1915. II will seek 20 arouse
effective interest on the part OF the manu-
facturers, trading houses. agricultural
railroad and financial interests. which
benefit from stable maintenance of the
nations credit In International commerce
Notable. In Trade Council.
All sections OF the country arc repre-
scented In the council. Among business men
Of prominence are Alba 3. johnson, presi-
dent OF the Baldwin Locomotive Works
T.. \. :. Clarke. president of the Jaoka-
wanna Steel Company; Samuel colt.
president OF the United States Rubber
Company, i, \. s. Franklin. vice-presi-
dent of tho International Mercantile
Marine Lloyd G. Grscom, ex-Ambsssa-
dor TO Italy; James J. Hill chairman of
the board Of the Great Northern Railway
| Cyrus II. Mccormick president OF the In
| ternational Harvester Company John 4
| Ryan, president Of the Amalgamated Con
| per Company. ". n. Simmons, president
| Of the Simmons Hardware Company:
| Frank A. Vanderlip, president OF the M.
tional city Bank Willard Straight, presi-
| dent OF the American Asiatic Association
| Fairfax Harrison, president OF tho South.
| ern Railway Company, and Charles A.
Schieren, Jr.. president of the Charles A
Schieren Company.