Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-11
Notable Body of Business Men
Meet in New York and Pass
Resolution for Government
Action,
REGISTRY BILL URGED
FOR PROMPT PASSAGE
Nation Should Insure Vessels
at Reasonable Rates, as
Marine Insurance Is Now
PrOhibitive,

NeW York, Aug. l0.-lhe national
foreign trade council held "a special
meeting here today 10 take measures
for the relief of the congestion OF
foreign commerce due to the Euro
pean war
James A. Farrell, president Of the
United states Steel corporation and
chairman Of the council. opened the
meeting with a statement of the seri-
BUSINESS Of the situation and with a
plea for practical action rather than
discussion.
TO Promote Commerce.
u was agreed that the council
which consists Of thirty-iive national
representative manufacturers, bank
ers, merchants, railroad and steam
ship men, collectively standing Nor
the general interests OF all elements
engaged in or affected by foreign
trade should work for national uni
iy Of action in setting American ex-
port and import trade free from the
paralysis OF transportation.
The council decided TO maintain
daily touch with all its members in
all ports OF the United States and
with the numerous commercial and
Industrial organizations which have
telegraphed TO II for information re-
gardlng shipping. It's object is TO CO.
operate with every effective agency
for the extension of American COM
Members From Everywhere.
Although the meeting was called
at short notice, members came from
every part of the United States.
James j Hill promptly left 81. Paul
to attend the session, while Captain
Robert Dollar the san Francisco ex-
porter. telegraphed to MIR. Farrell
that he was leaving san Francisco to
Join a committee of the council which
Will attend the conference Of ship
ping and banking interests called by
secretary McAdoo to meet n Wash
Ington on Friday.
A committee was appointed to rec
,mmend action to the council. This
committee submitted resolutions
which were adopted, urging the
prompt passage of the bill now pend
ng in congress which would provide
means to increase the
American merchant marine and rec
that the government at once
provide war risk insurance al rea
ionable rates on both the hulls and
'argoes of American vessels engaged
n over sea trade.
Transmits Resolutions.
In order TO speed the accomplish
nent of the proposed relief measures,
he resolutions were Immediately
transmitted to President Wilson, Sec
etary Bryan, Secretary McAdoo, Sec
etarS Of Commerce Redfield, Sena-
or James O'Gorman, chairman OF
he senate interoeeanic canals COM
nittee, who has the pending shipping
cgistry bill in charge. and to con-
ressional party leaders.
Mr.. Hill, Mr. Farrell and others
expressed the opinion that
ven with upwards of 100 foreign built /,
hips ready to come under the Amer |
IAN flag, in case the bill passes, the |
resent rates of insurance were 50
Ugh that the movement Of COM
lerce would still be retarded. ForI
his reason, the recommendation forl
overnment insurance was adopted, |
he council endorsing the principles
nd not urging any particular meth
DIS. The general sentiment was that
18th the shipping registry bill enact
d and the insurance question placed
pom a reasonab BILE basis, the equiltb-
um would soon be restored as an
icident Of renewed movement OF eX-
orts and imports
Committee Is Named.
a committee to be headed by Mr..
arrell was appointed to represent
he council In Washington at the
difference on Friday.
In order that action truly repre-
.nting the interests of all sections
the country may be taken as ne
sssity arises. committee of five
as appointed to maintain communi-
ttion with all memb bers of the ooun-
/ throughout the country. and to
eet daily in New York to take such
Irther action as necessity requires
his committee consists of Mr.. Far
II, John y. Ryan, president of the
Copper company: p. A.
Franklin, vice president of the In
irrational Mercantile Marine; f. A.
Clark, president Of the Lackawan-
i Steel company and 4. p. Thomas,
'esident of the United States Steel
roducts company, all of New York |
A. n. Mulliken, member Of thel
,nncil and vice president Of the
hamber of Commerce of the Unit
States of America, stated that
at body was about to form a com
ittee on existing commercial con
,stion