Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-01-22
President Of Steel Corporation
Says One Week of European
War Has Done More Than
Years Of Discussion.
GREAT OPPORTUNITY
FOR U. S. COMMERCE
Secretary RedfieId Enthusiastic
Over Outlook to Secure
Business From All Latin
America,

isr soHsss JoOsssL SPECIAL LEsssp uissi
ST. Louis. Jan, 2l.-"One week OF
| the European war did more than ten
! years OF academic discussion 20 con-
vince the American people that for
eign trade IL a vital element in domcs-
tic prosperity No doubt remains that
the nation is determined to see its for
eign commerce safeguarded and in
! creased. Differences OF opinion relate
/ only TO method
This statement was made tonight
by James A. Farrell, president Of the
United States Steel Corporation, in an
address at the banquet TO delegates to
the foreign trade convention in ses-
sion here.
Mr.. Farrell said in part:
Whatever may be the political out
come Of the war It is apparent that
each OF The belligerents will find il
essential vigorously 20 pursue its for
eign trade to repair the ravages OF its
domestic commerce, to provide labor
to soldiers returned to peaceful pur-
suits and TO ameliorate the burden of
taxation.
Should Utilize Opportunities.
Diplomacy of the future, as of the
past will be intimately concerned
with commercial ACKNOWLEDGMENT and
II is OF vital consequence to Americas
future position that advantage be
taken OF the present opportunity TO I
exploit the products of American in |
vention 70 establish a firm foofhold /
in the markets of the world. which /
neither political effort. tariff discrimi- /
nation or low prices successfully can
assail
TOO little weight is given the fact
that the war, which for the time be-
ing eliminated half of Europe as a
source Of supply. likewise curtails Eu-
ropes consumption of South Ameri-
can Products. South American pur-
CHASING power eventually will improve
with increased exports and imports. |
but American manufacturers and
merchants embarking for the first
time in foreign trade should be pre-
pared to exercise patience and persist
enee in their efforts"
Address by Professor jerks.
Prof. J. +. jerks Of Cornell univer-
sity IN an address at the banquet /
said
The present war has opened up
opportunities and should stimulate {
the imagination Of the American bust {
ness man as nothing else has done for |
years. The opening up of foreign q
markets furnishes an opportunity for
the broadening of our outlook, of our I
with the people OF other
nations.
The war furnishes the American
business man an opportunity and the 9
fact that he uses this opportunity will .
be benefit rather than a hindranee !
TO the belligerents, now and in the !
future" c
Secretary OF Commerce Redfield
departed from his prepared speech at :,
the convention to-day to impress on
his auditors the great opportunities 4
Tor foreign trade that the war has Z
brought American business men. He n
said: =
South American Trade. :
manufacturer expecting to enter [,
he South American market recently e
old me that as a preliminary he in n
'estigated the condition of his COM p
letit0fs in Europe and found that 1t
would take them four years to re-
over from the effects of the war, by G
which time he hoped to be so en-
renched that his product could not
&c disledged.
wish | could print the language y
Il the dispatches that come to the de- n
'artment of commerce. 1t is a Singh 81
ar thing to have the foreign minis al
er Of nation wire his ambassador at al
Washington that they desire US to n
axe the place Europe has held in h
heir trade, and yet twice have such ic
messages recently come either II
hrough ambassadors or direct u
II became evident in todays dis III
ussions that an effort soon would he ii,
lade 20 determine whether the Sher-
IAN antitrust law prohibits combi- I'll
alton by American manufacturers 90
nd merchants for the purpose of IN
ending joint sales agent to foreign O.
Conflicting opinions on the Of
latter We're attributed to former At r,
'rney General Wickersham by John al
I. Ryan, president of the Amalgainat- at
j Copper company, and d. e. skin ed
er, president of a lumber company lei
Washington.
Conflicting Opinions. er
Mr.. Ryan quoted IAN attorney gen. mi
al to the effect that manufacturers vi
no sent a joint agent abroad would tn
SO in violation of the federal anti ag
ust law. Mr. Skinner then intro da
iced a letter written to him in 1912 -
Attorney General Wickersham.
men, Skinner claimed. was an opin- M.
that we can act in concert in ex- '"'
'rt trade
In view of this opinion, Mr.. Skin
r urged his hearers to combine in Il
nding sales agents abroad and de- hea
ired that he was prepared to do SO Rea
ow."
At this point Mr.. Ryan said: 81 a,
mi to remind YOU gentlemen, that TAX,
was Mr.. Wickersham who told me phy
could not send joint agent 10 II "