The Birmingham age-herald., 1916-02-08
World Has Never Seen Any thing Like Competition
 Expected
BIG CORPORATIONS
 WANT TO BE READY
Many Think Certain Notifications of Sherman Law Should Be Made to
 Meet the Approaching Situation
By HOLLAND

! New York; February 7.-(Specal)-I 1 the communication which Frank A. Van derlip made over the long distance tele-
 phone from Los Angeles Cal, to the
 members of the Queens Borough Cham
 Der of Commerce at their recent meeting
 in New York city, he spoke with earn
 estness and with monitory words, such
 as, in fact, reminded some of his hear ! CTS of the warnings which he gave some l 1C years ago of the approach of busi-
 ness demoralizaton at time when he was addressing a commercial body at Wilmington, Del. MT. Vanderlip now
 speaks for publication as he has for l sometime spoken informally to business friends of his, He said bluntly to his 1 Queens Borough hearers that the United | States, immediately after the war in | Europe is ended, is to participate in | stupendous trade war. It will be the l greatest commercial conflict, possibly, in which the nations of the world have ever
 engaged.
 l MT. Vanderlip did not specify by name
 any nation which would be pre-eminent ] as our antagonist in this commercial war.
 But he undoubtedly had in mind some l
 now doing in order to protect the mar
 kets which she has established in South America and in the far east. It has been ! observed that nearly all of those who
 talk, half confidentally. of the world encompassing battle in which the United
 States is to be one of the parties, tn- mediately aftetr the termination of the l European war, are convinced that Eng 1 land is to be the leader in this struggle,
 and that she is to have no allies ex- ! cepting her colonies. One of the req 1 sons, presumably, for this opinion is the l belief that Germany will be unable, at | least for some years after the close of 1 the war, to make a strong struggle to re- | gain the markets which she possessed before the war began The supremacy on the sea of Great Britain will be or
 great advantage to her in carrying on
 this peaceful war, and that is an advan- 1 tage which neither Germany nor the ] United States possesses.
 ! Already reliable information has come | to the United States that the English merchants and the English finances In | the far east expect to offer battle so as to prevent the approach of Americans who are now seeking to capture con- i siderable part of the trade of the orient. ] So, also, information has been brought to l New York within few days by one who
 is of high authority and great experi- ] ence in South America which tells of the
 strenuous methods already practiced in South America by the representatives or | Englands manufacturing industries. These representatives are encouraged by | those whom they represent, and except ] ing in the matter of cost of commodities which competition entails the war in which England is engaged seems to have ! no effect upon her manufactured output. THE WORK OF PREPARATION 1 Some of the leaders in American in- Gustries are already outlining or perfect l ing plans which have thorough prepara- 1 ton for the emergencies and exigencies which this commercial war will entail. That is true of the United States Steel 1 corporation. Sometime in the spring 1 there may be disclosures of this work of preparation which those who manage the 1 Steel corporation are now engaged upon. They would feel better fortified in plan min a campaign of this kind if they were sure that the United States would have an adequate merchant marine and also 1 if they were sure that there would be better understanding on the part of those ] in public life of the fact that it is vital, | if the United States is to maintain and increase her foreign trade, that there be permitted unification of incorporated in dutSrieS, as wei. as such modlf1catlOn or | the Sherman law as would make it lawful for those who are engaged in foreign trade to act in combination or in cooper
 ation. Already the Steel corporation has made considerable progress in it's plans | for the maintenance and increase of it's ] foreign markets after the European war | is ended.
 | Other corporations are in like manner attempting to look into the future so that 4, aJe,,, 1, | for preparation of this kind undoubtedly i reflects the combination or unification of
 some of the independent steel manufac- turing industries which has been substan-
 tally perfected
 1 PRES. REYNOLDS WARNING | A dispatch with a Chicago date line which appeared a few days ago in the columns of the Boston News bureau re- fleets an opinion commonly held by the