Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1915-12-08
PILED UP PROFIT
ON WAR WON'T GET
u. S. GOOD WILL
AMERICAN BUSINESS MEN WARNED
THEY ARE SOWING THE SEEDS
or DISASTER TO FOLLOW.
URGES AMERICANS TO ARRANGE FOR
ADEQUATE AND A FAIR SYS-
TEN or CREDITS.

New York. Dee. :. v. Gonzales
banking adviser Of the National A~>ocia-
tion Of Manufacturers. addressing the
international Trade Conference here to
day. warmed American business men
that they we're sowing the seeds If pos
Siblr disaster i'm cXacting too harsh
terms from the present necessities Of
European customers.
Mr.. Gonzales urged the cooperation vi
shipping interests. merchants. bankers.
investors. and manufacturers ~ arrar4c
for am adequate and fair credit system
for foreign BUYERS - a~ to avert the
growth III hostility ami i'll will which
threatens IN rpact di>a>trDu>ly tn the
United States after the war ennis.
''Piliug III money profits" he said "at
The time when The entire world H. suf
fcring may mean in the end I'M increased
amount Of wealth to The country. tnt il
cannot end viii NOT huy any good will
nor make any ll~tin. connections for the
future unless Il viii help others out 0f
their troubles WV, wei.
This assistance rendered tn other
countries. however platomicallv III may
w looked IN. IL only \ business propo>i-
ton after MI. ana does nri have tu take
the form Of loans nor benevolent sub
Scriptinn> tn aid the needy. Int simply
and purely the afforling ~ commercial
AMI financial credit for commercial and
financial purposes"
Mr.. Gonzales declared that one Nj the
most urgent needs Of the international
business, world III the present time was
the establishment NJ y new clearing cen
ter to take place which thc war has
forced London ~ %vacatc. ne pointed
ont that New York va> me logical and
inevitable successor to the British me
tropoliS rs the worlds money center. 81
the same time ht said that America was
not scratching the position from the
former financial ~naTetal of The world
hut WAS compelled to take London's
place 90 save other nations and her own
trai".
Returning wv the question NJ the treat
merit nf foreign customers Mr.. Gonzales
said:
The diversion of the European indus
tries IN the manufacture rf deadly vrap
onS. The diSahlcmcut of tie financial ma
chiEprv available fnr foreign trade nf the
countries M war. and even the call tn
front Of many of their ablr>t business
men. has caused " quasi pJralyzatiou UT
their export trade. leaving the world in
orr hands and III nEr mor.v.
what have we dorr wv tJkc care VI
that world thus thrown tu u~2 Nith WI
few cXccntions We have enforced the
most rigid conditions cf payment cash
in New York against shipping papers
WHOM not a flat AMI unWclcumc demand
71r mono Nv advance. But this. while
ii has brought uS the money and our cnf
ferS arc nearly congcStcd has made M
Friends for H~. Mann foreign customers
Who have had ~ -pnfnrn with our cN-
i%gcnri-S have .ur" home with Vengeance
w fhrir hearts anil determined t. - hark
40 Europe l~ ~pun a> Europe IN WI itS
feet again. VIZ have been reinforcing the
future trade of Europe against nnr own
while We have been d"cciNiug ourselves
with swollen figures for the present"
Nr. Gonzales proposed ~ u partial
remedy the establishment II Il system of
credit m mt less than ninct, dav~ ~
moro than sis months tc he extended to
reliable merchants IN all countries