Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-01-22

ST. Louis, Jan. 21.-"One week of the
European war did more than 10 years
Of AGA { mic discussion 10 convince the
American people trade that foreign
trade is q valued element in domestic
prosperity. No doubt remains that the
nation is determined TO see its foreign
commerce safeguaTded and increased.
Differences of opinion relate only to
method. All parties and all elements
are united in patriotic cooperation
for the common end"
ADDRESS by Pres. Farrell
This statement was made tonight by
James a. Farrell, president of the
United States Steel Corporation in an
address at the banquet TO delegates 10
the Foreign Trade Convention in ses-
sion here
Mr.. Farrell continued:
What advantage or disadvantage
the European war will bring US de-
nends largely upon changes in indus
trial trade relations that cannot be
forecast Meanwhile the interests of
the United States arc sufficient 10 war
rant q proper respect for neutral com
:nerce, and the United States will in
maintaining its trade at as high level
as q justice regard for belligerent in
teresls permits, serve the larger and
permanent interests Of those not en-
gagged in hostilties.
Whatever may be the political out
come of the European war, it is ap-
parent that each Of the belligerents
will find it essential vigorously TO pur-
sue its foreign trade. to repair the raw
ages of its domestic commerce. to pro-
vide labor TO soldiers returned to
peaceful pursuits and 10 ameliorate the
burden Of taxation.
Diplomacy of the future as Of the
past will be intimately concerned with
commercial ACKNOWLEDGMENT, and il
is of vital consequence to America S
future position that advantage be TAX
en- Of the present opportunity TO ex-
plot the products Of American inven-
ton and to establish a firm foothold
in the markets of the world, which
neither political effort, tariff, discrim-
ination nor low prices successfully
can assail.'
Prof jerks
Prof J. W jerks of Cornell Univer-
sity. in an address at the banquet,
said:
THE present war has opened up oppor-
tunities and should stimulate the tmagi-
nation Of the American business man as
nothing else has done for years. The
opening UP Of foreign markets furnishes
an opportunity for the broadening Of our
outlook, Of our sympathy with the peo-
pie of other nations"
Sec. Redfeld
Secretary of Commerce Redfield de-
parted from his prepared speech at tn
convention today to impress on his au-
ditors the great opportunities for for
eign trade that tho war has brought
American business men He said:
u wish l could print the language Of
the dispatches that come to the depart
ment Of commerce 1t is a singular thing
TO have the foreign minister of . nation
wire his ambassador at Washington that
they desire US TO take the place Europe
has held in their trade and yet twice
have such messages recently come either
through ambassadors or direct"
w. c. Downs
1t became evident during todays dis
cussion that an effort soon would be
made TO determine whether the Sherman
antitrust law prohibits combination by
American manufacturers and merchants
for the purpose OF sending agents to for
eign countries. Conflicting opinion on
the matter were attributed 10 former
Attorney General Wickersham by John
D. Ryan. president of the Amalgamated
Copper Co.. and D. E. Skinner, president
of a lumber company in Washington.
Anti Trust Law Problem
The future welfare Of American for