The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-17
'REDFIELD MAPS OUT
A TRADE CAMPAIGN
Secretary Urges %Anti-Dump.
ing Law and Extension Of
Banking System.
FEARS UNFAIR TACTICS

WASHINGTON. Dec. 1e.-The warning
that the dogs of will be un-
leashed as soon AZ the dogs Of war arc
s,illed Is reiterated 10y Secretary Red
field In his annual report, u portion Of
which was made public to-day.
Thu Secretary Of Commerce predicts
that commercial warfare as keen as the
destructive conflict nov raging will he
carried on and that American manufac-
turers must face tho problem Of unfair
competition abroad.
As a precautionary step he recon-
mende the enactment Of anti-dumping
legislation. the clothing Of the Federal
Trade Commission with power to au-
thorize the cooperation OF domestic busi-
ness concerns to carry on foreign trade
campaigns and tho amendment Of the
banking law TO enable national banks.
under ths supervision Of the Federal Re-
serve Board, to cooperate in the cstab-
.ishment Of foreign branches or to hold
stock In foreign banks to finance Amer.
lean commerce In these fields.
Door Open 60 U~nfairness.
Unfair competition says Mr.. Red
field. sis forbidden by law in domestic
trade. and the Federal Trade Commits
sion exists 10 determine the facts and
Arh' TtgIb ~ dodNc NAl' oNh ~ "
round. The door. however. Ia still open
TO unfair competition from abroad. which
mag seriously AFFECT American Industries
for worse.
81, II not normal competition of which
! speak. but abnormal. II Is a destruc-
tive type of tho Industrial struggle. in
tended 10 put out OF being the forces op-
posed to Il, that tho victor may exploit
the field at viii.
When the war shall close the public
control OF railways in foreign lands. the
senl!-oitirial chambers OF commerce. the
p~uoliciy fostere1 ORGANIZATIONS which
control great industries aud some oun
tries will all exist and will all be used
in AN effort TO recover lost commerce..
The growth in the United States OF In
dustriss which may menace large mar
kets heretofore controlled from abroad
will not be permitted IL public and semi
public forces acting together in foreign
countries can prevent II.
The outreach OF American industries,
nay, their very existence In our "
and in some cases. will be resisted to
the full and every straiagem OF Indus
trial war will be exerted against them.
4 IL shall pass beyond fair competition
and exert or seek a m%onopolistic power
over any part OF our We
ought TO prevent H."
Ry using the existing machinery OF
the Treasury Department n tho De-
rartmcnt Of Commerce. Mr.. I,edfield
suggests. this foreign unfair competi-
ton may he restrained OF both sides OF
the sea.
To Meet the DANGER.
81 recommend therefore he says.
that such legislation bc cnactcd as will
give to tho foreign representatives Of
the above named departments such added
powers and increased personnel he they
may need for this purpose and that It
lie enacted. II possible, that merchandise
sold In unfair competition or under cir
cumstances which tend to create a
monopoly IN behalf of the foreign pro-
duccr shall 10 forfeited"
Mr.. Red:old also recommends the
amendment Of T." ia, ton antitrust act
10 prevent dumping by making II un-
lawful TO sell or purchase articles OF
foreign origin when the prices 70 be
paid arc materially below the current;
prices IN tho country OF production when
such prices tend TO create a monopoly
q. lessen competition.
The Secretary OF Commerce also deems
1t OF special Importance that business
concerns should he allowed to cooperate
in foreign trade under the supervision
of tho Trade Commission and that
banks hould be permitted TO follow the
same course under supervision OF the
Federal Reserve Board.
Thine presses" 10 adds, The hour
for movement IL now. This Is not the
occasion for fear lest something happen
II somehow which will not
he pleasing 10 some one. but II is the
TO. action, taking indeed every
possible thoughtful step TO safeguard
that action, but remembering that ac-
ton Is the th!rG needed