The Barre daily times. (Barre, Vt.) 1897-1959, 1915-05-01
ACTIVE MOVE FOR TRADE.
Is Urged by Plan of Cooperation Among
American Manufacturers.

Phladelphia. May William S. kies
of the National City bank of New York
outlined yesterday before the American
Academy of Political and Social Science
a plan of cooperation among the Amer
lean manufacturers for mutual benefit
in obtaining export trade. The plan, Mr.
kies said. would operate, in his opinion
to the advantage of all manufacturers
selling goods abroad, and at the same
i time would appear not to violate the
prohibitions OF the Sherman antitrust
law, when interpreted according to the
rule of reason
let there be organized" Mr. Kies
said, under the laws of one. of the
states, a corporation To be known, for
example. as the American Drug Manu-
facturers' Export corporation, the Amer
lean Coal Producers Export association,
or some familiar title; the organization
to be Incorporated with sufficient capital
stock to permit all OF the members Of
the industry throughout the country,
who so desire, to become members upon
exactly the same terms. Each producer
desiring membership to subscribe to a
definite amount of stock, his subscription
being payable in equal installments over
a term of years.
The general scheme and method of
operation will probably be embodied in
the articles of association, and will be
along the following lines:
1.-THE corporation is to be impair
TALLY organized in a manner fair 20 all
its members, and the management select
ed with expert ability AS the sole test.
"2-Membership on the board OF direc.
tors to be arranged so that in due course
of time every member shall receive rep
resentation. To avoid possibility OF un-
fair treatment, there will be provided a
permanent arbitration committee TO be
made up OF persons having no interest in
the industry.
"3-Each member shall, at the begin.
ming Of the year, report 60 the export !
corporation the amount of its product |
available for export during the year, the |
conditions Of delivery and of acceptance |
Of orders. and the price at which IL is |
willing 20 sell in foreign market
These tenders may be changed from |
time 20 time.
"4-The sales force Of the corporation
win undertake the disposal of the ex-
portable surplus Of its members on the
terms and conditions specified. obtaining 4
the best price possible. and placing goods
In foreign markets wherever possible.
The difference between the price quoted
and the price obtained shall belong 70 the
export corporation a. a profit. and upon
III sales members shall pay to the export
corporation commission.
Whenever a demand shall BE- found
% exist IN particular market for a
'ertsin quantity Of goods which must be-
old at lower price than quoted by any
Il the members in order 20 meet foreign
competition, sll members shall b. mott
I'D of the possible order. snd give an
% meet the foreign price.
Competitive bids viii ~ received. and
he lowest bidder is 10 rccrite the order.
"s-M profits. after deducting all er-
'snses, End setting aside sueh sum as
ball b. deemed necessary fer promotion.
dsertisina. establishment ~ perrnsuesi,
usrters. ETC. shsll ~ distributed equally A,
mong the members
An eficiencv engineer and an errerf
HOS duty 4 shall he 10 collect and
istihUte among members statistical I
sts n value to the industry, alec arr .
r9fided for IN the proposal Anafhsr :
rotisi0n y that the evaporation nav .
= 80 q rurrhasing agency fgr tau p
tateriaL al members beng ertiflra ta .
IS services upon the sane tsrna n