The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-12-03

This week has furnished still fur
ther evidence of the ability of the
Americans bankers to conceive OF
gigantic measures for the extension of
American commerce, and what is
important, of the courage and re-
sourcefuness to put these projects in
to execution. Without one word of
preliminary announcement and disre-
garding entirely the usual policy of
publicity incidental to the birth of
such gigantic enterprise, we learn
for the first time this week of the
complete organization of $50, OOO,OOO
corporation, combining the interests
Of some of Americas leading captains
Of finance and industry, for the pur-
pose Of developing and extending the
export trade of the United States.
This by far the most ambitious at
tempt that has yet been made to put
the United States in her rightful place
among the commercial nations of the
world, and while we must, under no
circumstance, exult in the deplorable
condition of others nations making
such a trade conquest comparatively
easy, we should be untrue to our best
interests did ge not exert ourselves
to the utmost in order to fill in the
breaches made by the ravishes of war
Furthermore, our duty to the world in
general compels us to furnish many
of the commodities that have hereto
fore been produced by the nations
that are now engaged in self-destruc-
tion. This is we'll illustrated in the
case of the South American Republics
many or most of which are now send
=, 81 h.
country for the purpose of diverting
our products to their markets. Even
France has resorted to this method of
procuring for herself the fruits of
American industry, and at this time
FIVE special French commissioners are
in this country, not to sell, but to buy.
and to lay the foundation for the per-
manent buying of our commodities
There is an ample evidence, there
fore, of the justification of the forma-
ton of such exporting agency, though
the problems incidental to its organ
ization and operation will command
the careful attention of Americas
most skillful commercial leaders.
One of the purposes sought by the
new company will be carrying Ameri-
can capital into foreign fields, thus
opening the markets of the world to
American mining, railroad, electrical
and harvesting machinery, as we'll as
raw material, clothing and foodstuffs.
In order to do this it will be neces-
sary to maintain elaborate receiving
and dispensing agencies in the for
eign markets, and this is where the
skill as well as the capital of the
American promoters will be extern
sively required. Therefore, it is stat
ed by those who are behind the new
scheme that its success will depend,
to large extent, upon the education
of American investors to take foreign
securities. The field for development
is almost unlimited, and it is believed
that there is an abundance of invest
ment money in this country now to
absorb many foreign issues. 1t is
probable that start will De made IN
South America, where the war has
greatly embarrassed many projects
which had counted on European cap
ital. Securities of some of these COM
panies may be acquired from the
present holders and brought here
from Paris and London.
Another great field for the new
company is looked for in Russia. The
extensive natural resources of that