New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-10
National City Bank Opens
Branch in Argentina as
Business Aid.
SEES L. S. MERCHANTS
FILL WARLD MARKET
Pcdfeld Offers Government Test
as Guarantee Of Goods
Submitted.

.tc periodical published by the Ma
..,-.I CITY Bank m the interest OF
.-.f. extension between this country
and the 1atr-Amcrica>. comments IN
rs leading article on the patriotic ana
VOC rr.,.ica. impulse OF the men be
b,-t tr. GREAT businesses OF TINS coun-
.,. seeking as ihey are tc carry the
American flag across the oceans:
"Trer. i- irSoirauon IN the big
broad spirit tlat thinks beyond IN
fr.s-.i interests and IS still practical
and sane. which showing now I'M this
for.-r trade business says the
.r..e. "Neu OF large affairs are
~I,.-.t Co sacrifice time and put at
-. t-uo-al of all informant on they
t.r. gained 20 help along the cause
- general trade expansion. Otner
mon v-+r smaller enterprises arc dong
Cd. same. business democracy Us IN
-b. ..r The spirit is not one whlt
rs.. admirable for the fact that the
enthusiasm Is founded upon enhgh'-
crel ...f-'rtercst
Tr. argument ls made that the ma
-.r o. competition which has Kept TINS
country out of the world markets Is
.l..+ to change. for two reasons. flrS''
r...... .u the elements which enter
.--r +ra cost of production abroad are
r--rt 90 become more costly. iaOoI
,,r- loss productive. capital beng
rs.f fighter and huge taNes swelling
-,orrI..o. costs. Second. that the
.r.-a~-- a. economies. the earnest et-
-,~. +o account closely for costs ana
-, r..cr every possible saving IN ouSl-
moss. r.,v So well known ma lnduStri8I
management. has been tending all the
.ire 90 push American industries iI''o
-te search for foreign markets.
kartel system Praised.
Tho German system of kartels and
.b. ,rterIocking of industrial and 0anN-
inc interests is praised as an example
M f.r-seeing policy. To quote:
"Pv means of the kartel agreements
for instance. German manufacturers are
reimbursed for any excess cost OF NtI-
man raw products I'm Germany over 1nS
nrira- which those products are soIo
f-. F.. +re foreign markets. Al the
r.rr.r coke. coal and metal producers
.rc combined I'm their own kartel
agreement. Tteir products, Wnethef
marketed in Germany OF ABROAD aIc
I'D Sold To- one concern, which acts as
-.rrr- AGENT for all of them, and
wears marketing is apporloned ac-
,9rare t0 ID definite schedule OF com
narrative output among the members OF
tie sartel There is no competition i'll
the selling output is pooled.
"Ora of the German manufacturing
uoo.. is said 20 have been able over
..-.a. of wears 20 buy an important
American raw material al an average
.r.c. D. Dor cent below what American
manufacturers had to pay. rms was
..npIr the result of combined buying
against % dozen competing American
UroUuceIs.
An interesting and frank expression
from Ella Razon.' one OF the Buenos
Ayres evening papers. IS gwen as eN-
pre--nc South Americas attltuoe'
south American Warning.
~Ia Rszor' comments that business
mon of this country. although formerly
enthusiastic over South American pos
lbIIties. have now become cautious
because the Latiu-Ameucan states are
passing through the depths OF financial
panic and are in no way able 10 oHeI
great remuneration 20 the mahulacIuI-
crs The paper goes on to say;
Europe. i'm the beginning OF her
commercial relations with us, MADE
sIaat and zeal sacrifices, which later
resulted in her gain. The competition
.. her producing nations perhaps
orccd her TO DO this, but the 1aet re-
mains that she made these sacritlces'
and 10 is our duty 60 be grateful.
"Thc Yankees DO not want 10 follow
this example. or they have no reason
to go it. and TINS is why those VINO
lead and inspire their foreign policies
aIc warming them IN time. they are
quite capable Of adopting this utlllta-
liam and practical point Of view, but y
.. lad 20 uatO take careful note OF H.
Us 10 know 10 whom 20 stick IN the
.utarc. when 10 comes our turn to look
back and sum up the worth OF these
nrclminaries Of our new relations.
Some time ago the National City Bank
.- Robert o. Bailey. formerly Assist
amy Secretary of the Treasury, to Bue-
nos Ayrcs with j. {. Martin, TO eS,
tabGsh ID branch bank. The bank VIII
o1.n it. doors to-day. Mr.. Bailey has
cable message I'm "The Americas on
tr, financial outlook in Argentina, and
SANS under date of October 81 that
there are siens of revival Of business,
"1ut the readiustment of the disturbed
economic position depends upon the
abundance of the cereal crop. The pres
emit outlook is Tor a plcntIul harvest
There is still time. however. for damage
POO bc done. and predictions arc maze
with these reservations.
viii Advise on Merchants.
lG au article by James Matthews
credit manager of the National City
'.AI o. ..'| NA'lH NIlF NNn eiN ~
ou thc credits of South American mer-
chants. boo which work the Buenos Ayres
branch will specialize. Suggestions and
cooperation are solicited I'm the WORK.
Mr.. Matthews says that 10 has been
found by investigation that south
American merchants are. las general
rule, reliable, with standard of non
csty and integrity equal 10 the highest
OF other commercial countries.
The issue teens with Information
financial and otherwise concerning the
possibilities of trade extension with the
Latin-America>. More than ten pages
arc devoted % interviews with mer-
chants and manufacturers who have
been succc tul 10 South America.
One man. who manages "a great or
sanitation lor selling an over the world
machine that au American corporation
manufactures remarks that there is
one thing that must bc firmly impressed
upon tine mind of manufacturers seek
iug the foreign markets.
"1ha Us the fact mat they cannot
sell all kinds Of things In the foreign
market, or in small and large quaint
titles. boo the same way. Every man who
going into the export field has prob
lem 100 the organization of his foreign
sales that is particularly his own hc