The circle banner. [volume] (Circle, Mont.) 1914-1939, 1915-01-29
NATION CONVINCED BY EURO
PEAN WAR THAT COMMERCE
ABROAD is VITAL ELE-
MENT IN PROSPERITY.
ALL ELEMENTS UNITE IN
PATRIOTIC COOPERATION
James A. Farrell, Steel Corporation
Head, at Foreign Trade Conven-
tion in ST. Louis, Tells of Ad-
vantage Brought by War
-Redfield Speaks.

| st. Louis, JAN 23-"One week Of
| the European war did more than 10
| years of academic discussion to con-
vince Americans that foreign trade is
a vital element in prosperity. No doubt
remains that the nation is determined
to see it's foreign commerce safeguard
ed and increased. Differences of opin-
ion relate only to method"
This statement was made by James
A. Farrell, president of the United
States Steel corporation, at banquet
of the foreign trade convention here.
All Elements United.
'All elements are united in patriotic
cooperation for the common end" Mr..
Farrell said.
What advantage the European war
brings US depends largely upon
changes in industrial trade relations
that cannot be forecast Meanwhile,
the interests of the United States are
sufficient to warrant a proper respect
for neutral commerce and the United
States will, in maintaining its trade at
as high level as just regard for
larger and permanent interests Of
those not engaged in hostilities.
Whatever may be the political out
come of the European war it is appar-
ent that each of the belligerents will
find it essential vigorously to recover
it's foreign trade, to repair the ravages
of it's domestic commerce, to provide
labor to soldiers returned to peaceful
pursuits and to ameliorate the burden
of taxation.
To Exploit U. S. Products.
Diplomacy of the future, as of the
past, will be intimately concerned with
commercial aggrandizement. 1t is,
therefore, of vital consequence to
Americas future that advantage be
taken of the present opportunity to ex-
plot the products of American inven-
ton and establish firm foothold in
the markets of the world, which Meth
,er political effort, tariff discrimination,
nor low prices successfully can assail.
Under the shipping registry over
100 vessels have been transferred to
american registry. Some of the oner-
Gus restrictions of the navigation Laws
were suspended by executive order. It, !
should be remembered that this noti- +
fication is not repeal of existing navi- +
cation laws, but merely a suspension. 4
While there may be differences of opin- s
ion as to the proper policy of up-build- z
ing the merchant marine, it appears to K
be generally recognized that as long s
as these restrictions are not legiSla- H
lively repealed, the possibility of an
American merchant marine
successfully with the ships
of other nations in time of peace will II
be matter of slow growth
Secretary of Commerce Redfield de-
parted from his prepared speech at
the convention to impress on his aud q
itors the great opportunities for for
eign trade that the war has brought
American business men. He said:
"A manufacturer expecting to enter
the South American market recently
told me that as preliminary he inves-
tigated the conditions of his competi-
tors in Europe and found that it would
lake them four years TO recover from
The effects of the war, by which time
ne hoped to be so entrenched that his
product could not be dislodged."