Pine Bluff daily graphic., 1916-01-28
|. $. MUST BE
 READY 10 FIGHT FOR WORLD TRADE Allies in War Will Help Each Other to Extend
 Foreign Commerce.
WILL ATTEMPT TO
 SHUT OUT AMERICA
Speaker at National Foreign Trade Convention in New Orleans Sounds Note of Warning to Government
 and People of U. $.

New Orleans, Jan. H.-That m : European allies of war will become economic allies in peaJe an adopt preferential tariff policies to help each other discharge war ir@Dted- ness and extend foreign tr1la WAS the prediction of Willard Straight, formerly associated with J. r. Mcr- gan, & company, and II 1s' vice prest- dent of the American Ine:nati3nal corporation, in his address before the Third National foreign Trade convention here today. s
 Quoting the recent celebration in parlia'r,snt Of Walter Rnnciman, president Of tho British Beard of Trade, that l,he British empir3 must without delay take steps to help France, Russia, Italy and her other allies tc recuperate from the war and that nothing in Germany's post bellum policy can be permitted 70 interfere with this recuperation MT. Straight said: g.
 "The speech, it is true, was dirac,- ed against Germany, but it disclose a point of view which we in the Unitsd States may have to reckon The declaration of war between the various European powers ahroga cd more than a score of treaties and commercial agreements which had been the basis Of the complicated diplomatic and emrercial relations of the European powers viii each other, win Asia and with Africa. upon the cessation of hostilities !hls intricate fabric cf international agree ments must, in some form, be re- constructed.
 "These policies will be made polit:- cally and commercially effective in the diplomatic settlement which will follow the war They will determine the. terms which the visitors will inn pose upon the vanquished, the future relations between the victors them selves and inevitably will influence the relations between the victors collectively and the rest of the world. s.t-F
 "The creation of such q customs grouping might be rendsred difficult because of the conflicting interests 5 as producers and manufacturers Of the powers and colonies concerned, but it is not impossible. In Eng land and France plans are already b; ing made for an aggressive con,- mercial campaign af,er the war, both for extension for their own trade and for crushing of German and Austrian commerce throughout the world. Russia apparently is determined to restrict the entrance of German goods into the Russian markets.
 'On the o.her hand economists of the Teutonic alliance are actively considering the intensive commercial policiss necessary to regain accus- toned foreign sources of wealth and to prevent blighting discrhrdnation.
 Contends for Protective Tariff.
 "Three-fifths of the imports into the United States enter duty free. Our producers are competing with British, French and German mans facSurers in various over-s'ea markets yet in placing many of the products $ of those mark ts on our free list we obtain no compensatory preferential rates for articles which we in turn wish them to purchase from us.
 Ut might be well if the President were given power, upon the racom- mendation of the tariff commission, 10 tTprove by proclamation, an in- crease Of duties. limited say. to 25 per cent. of the present duties on any or all of the products imported from any country which, in his judg ment, unduly dscriminarss against American products"