The Birmingham age-herald., 1916-12-11

ica's position in the world of finance to be handled by an eminent financial au- thority, whose name is not yet an- nounced, while the value of investment in oversea development enterprises in order to create a demand for American man. ufacture, will be discussed by c. K. Me- Intosh, the vice president of the Cali fornia bank, San Francisco, and num- Der of other prominent bankers from diff ferent sections of the country. At the last foreign trade convention in New Orleans the speech of Frank A. Van derlip, president of the National City hank, and a member of the council, ac- curately foretold the serious situation which has now arisen as a result of the accumulation of one-third of the worlds gold of the United States as a result of abnormal war trade.
 The problems of the smaller manufac- turer and merchants, who, the council feels, 1t is nationally necessary should be encouraged to enter foreign trade, will be considered in group sections to be organized and held by the council in cooperation with the American Man ufacturers' Export association. The dis cussion will be directed to assisting so lution of the problems perplexing this class of American business men. Since the problem of giving foreign purchasers the credits they are accustomed to re- CeiVe rom European exporters group session. has been arranged In CO., oper- ation with the National Association of Credit men, in the hope of paving the way for development of an American system in foreign credits and credit in- formation. The American Exporters and Importers association has been invited to join the council in the conduct of a the Export Merchant and Commission House.
 NEED OF TRAINED MEN
 The need of trained men in foreign trade and the methods for their train- ing will be considered at an educational session under the chairmanship of Chan cellor s. B. Mccormick of the Univer- sity of Pittsburg. The councils educa- tional committee has already conducted considerable research in this direction. pr. E. E. Pratt, chief of the bureau of foreign and domestic commerce. United States department of commerce. will out line a government plan whereby trained men may advertise through the daily commerce reports, issued by the govern ment, their qualifications, and firms may advertise their needs of such men. This is expected to solve a serious difficulty in the extension of American foreign trade.
 The interest of the farmers in for eign trade will be given particular con- sideration in this convention. MT. B. F. Harris of Champaign, H., a large farm CT and close student of agricultural eco monies, will speak on "The World Mall ket for Agricultural Products" and Prof. T. N. Carver of Harvard university, now chief of the division of rural organiza- tion, United States department of agri- culture, on Foreign Trade Policy from the Farmers Standpoint" Melville E. Stone, general manager of the Asso- ciated Press, will address the conven- ton on World News and World Trade the Effect of News Upon the Prestige of the United States Abroad and F. J. Roster, president of the San Francisco Chamber of Commerce, will tell How Commercial Organizations Can Aid For eign Trade Development
 SPECIAL TRAINS ARRANGED The foreign trade special,' which now rivals the bankers special,' running to