The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1915-12-17
REDHlH!D OUTLINES THIS PROGRAM
I0|PREVEN1 DUMPING INlIHEU.S.

may exploit the field at will. The meth
DDS used are not those of legitimate
commerce, but those Of commercial Of
tense. They aim not at development,
but at conquest.
when the war shall close, the pub.
lie control Of railways In foreign lands,
the semi-official chamber Of commerce,
the publically fostered organizations
which control great industries in some
countries, will all exist and will all be
used in an effort to recover. lost com.
merce. The growth OF the United Sta.
ties industries which may menace
large markets hitherto controlled from
abroad will not be permitted II public
and semi.public forces, acting together
in foreign countries, can prevent 1t.
The outreach OF American industries,
nay, their very existence in our own
land In some cases, will be resisted
to the full and every stratagem of
industrial war will be exerted against
them. Expecting this. we must prepare
for 1t. II 1t shall pass beyond fair
competition and exert or seek to ex.
crt monopolistic power over any part
OF our commerce, we ought to prevent
1t.
Cooperation of business concerns
in foreign trade is suggested to per-
NIT admission Of the smaller trades.
men into that field OF activity,
1.-THE present law plays into the
hands OF the larger concerns amid
shuts out small ones from important
markets." the Secretary said. "Provi.
sion should be made whereby such con.
Germs, nay, with due safeguards against
monopoly. cooperate In the foreign
field. To refuse this for fear OF mon.
opolS. Is, to say that the large con.
ceri.c rhal alone hold the lucrative for.
eign markets and that the far larger
number IF smaller houses shall be
shut out. TIL whole matter should be
placed under thn supervision of the
Federal Trade Commission and should
be subject to full publicity. 1t is not
intended that this cooperation shall
extend into the domestic field.
Mr.. Redfleld expressed the hope that
American banks be permitted to CO.
operate under supervision OF the Fed
eral Reserve Board, in establishing
foreign branches. or owning stocks of
banksin foreign countries.
The present law" he said, Opera
ties to make 1t POSSIBLE only for large
banks Of great power to undertake the
important work of financing American
commerce in foreign fields. The law
works in sole favor Of the great banks.
There are many banks in the United
States of less than major size, yet alb.
undantly strong. These should be per.
mitted. under proper safeguards. to
act jointly in such matters. There
could hardly be single step which at
this time would be more helpful in
establishing our commerce abroad on
a firm basis"
The opening OF the Panama Canal
and the agitation for an inland water.
way along the Atlantic Coast, as we'll
as the increased volume of domestic
commerce, the Secretary pointed out,
make 1t important that statistics on in.
ternal commerce be prepared by the
government
ut y4iss "a surprising thing 5thRt we
should require by claw careful know
ledge concerning our export trade. and
allow our domestic commerce to 60 on
without any definite knowledge con.
corning 1t. Congress will be asked for
an appropriation sufficient to permit
the beginning of an effort to throw
light upon a subject of such vast I'M
portance, but OF which we know so
little"
The Secretary paid high tribute to
the Bureau OF Foreign and Domestic
Commerce add to its commercial at
taches abroad in securing contracts to.
falling millions of dollars for American
business houses. AT present, he says,
there are no commercial attaches in
Central America, India, the near East,
South Africa or Canada. The placing
OF ten additional commercial attaches
In those regions was recommended.
st Is not too much to say that the
work Of this service has been at the
very center Of growing movement
toward the creation OF an American
dyestufts industry" the report says.
I'm this connection signs are not lack.
ing that the growth Of our native In.
dustry is badly welcome te those who