Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-05-29

had utterly failed to win It's place in
the worlds markets and that it would
be driven still further out by 1.-The pre-
sent policy Of breaking large con
Germs into units and forbidding com
b%inations in export trade"
Can't Compete With Europe.
The American products OF the soil
and of the mines and forests always
to be sold abroad in enforced compe.
tition"' ne asked. I'VE have to meet
not only the enforced competition of
our 0Wn people but also the combined
buyers of other countries where comb
nations are legal. We meet the
combined buyers of Europe. and we
meet them each of us fighting not
only for himself. but against his own
countrymen, and the combined buying
strength makes its terms against the
divided sellers necessity. When we
load our prOdusts on the pier for en-
port we meet the shipping combine
pay the rates they fix in their pools
and combinations. We sell our pro.
ducts to the combined buyers of
foreign nations a1d they fix the price
at which they will trade"
Sold for less Than Cost.
lie pointed out that in the last de-
cade nearly half of the copper pro-
duction OF the United States was sold
to foreign consumers at approximate
ly a cent a pound cheaper, delivered
at foreign ports, than it cost at home.
lie declared that it virtually consti.
tuted a $6O,OO0,OOO handicap in that
period against the American manu-
features. I'm spite of the fact that
producers Of raw copper had no tariff
protection mol any governmental
help to keep domestic prices higher.
THE handicap" he continued, lis
simply the result of the advantage
of combined foreign buying over
competitive selling"
Taking up the Sherman act he de-.
clared that&while it was obviously in.
tended to protect the American con.
the debates which preceded ITS
passage failed to suggest or hint that
the consumers OF other countries
were to be protected by the statute.
While the propriety of an amend.
ment OF the act itself might be ques.
tionable from a legal standpoint he
declared that American business men
should have some relief from the pc.
sitiOn they are now in.
Congress Should Amend.
ut is only necessary he said,
either that Congress shall by al ap-
prcpriate amendment disclaim any
purpose Of legislating with reference
TO sales in foreign markets or that the
branch of the government.
upon which the duty primarily rests
Of constituting this statute, should re-
assure the interests of the country
that the operations of the Sherman
'aw are limited tOssales made in this
and to American consumers,
such as would necessarily effect an
injury to the American"
COMMERCIAL CONDITIONS IN.
PROVING.
Commercial Conditions in South
States with Special Reference to
Trade were reported upon
by Ellison A. Smyth. president of the
Manufactures Association of
South Carolina in an address today
before the Nationals Foreign Trades
With three times as large a pro-
iuction of cotton as in 1860 and with
a selling price which has doubled, the
Southern states are in a particularly
advantageous position for the develop.
ment of foreign trade, the speaker
declared. u,
Cotton Exports Good.
Aside from shipments of ray cotton
there was a widening field for export
CT cotton fabrics-a worlds trade
tmounts to some 81. 200, OO0, 900
annually. he said. The United States,
with % percent of the spindles and