The Detroit times., 1916-09-26

TIE agricultural acreage OF this
sountry ought 20 produce twice
what IL Is now prQdGclns' aho un9eI
the stimulation and instruetlon wniSe 2
have recently been characteristic or
agricultural developments think We
can confidently predict that within,
let as cay. couple 81 decades, the
agricultural production q TINS SCUM
Try will be something like double.
Rut. as have said. I have come
10 discuss the general relation ~ the
United StRtes 20 the business or the
Uorla In the decades Immediately
ahead OF Us. We have swung Out IN
10 new business era IN America
suppose there 10 no man conneetei
with your association who does nov
remem Der the time when the whoie
eEuphasis q American business 9S s's,. s,s-
market ! need not remind YOU Row
recently 70 has happened thst our
attention has been extended 70 the
markets ~ the world.
one % the most interesting CIR
eahstNnces u our business history Is
thts TIE banking laws ~ the nit-
"a states mean the federal uanN
Ing isws-iif not put The natonh
banks IN a position - y toIs,,t ,,ion. -
and IL was actually true that priNAte
ranks and SON etimes branch bar as
drawn 81: ~ other countries nota
Siv out. ~ cAnada. were established
ear bankers ought % have done
NJ, until the present lesisla ION
81 congress known as the teders
serve set. we're the fetsrA oanNs
which they could assist AmericAn
rorrr7erce rot only 81 our own eoun,
49, hu. in ANY part q the worl =
where they chose 20 SET NJ nranch
se~vinH British merchants Al over
TIE world German banks had been
serving German merchants ali oVer
thA world ans no national bank or
the g'nitAd states had been serVlns
American merchants any v mere ~
cent in the United states
<et only when this war - over out
now America has her place 70. ne
world and must take Eer place ~ me
world % euance and cofri-,l ace 81.
.-@@aIA -thai-s-e never dreamed OF
There was recently created ne
fedora trade con- rrissicn. y hss
transformed the gevernment rom -
hs9nT a friend ~ business few
weArp AGO American business Ten
took up their morning paper VITA
some degree % nervousness. -
What the government ~as iolnS %
tnerr ask YOU y you tax Y ire
morning 9arsr now with any degree
A,a TIER vou know We have 'ust
now done wha, IL was common sense
70 do Rbou. th~ tariH We have a.
,-f++aA thAt on the one side ans ~
rhe ether We were talking h~ortes
ard managing policies without SUI
Nc.ent knowledge % the FACTS 0poS
wsirn we were acting ana. mere
,o-A-us hsv. established what
Intended TO be non pa rtisan tsrih
.@r-, ,-,issfou 10 study the conditions
with which lsrislAtion has 20 des,
IN the matter % ths rela,ions oI
American WITH foreign hn'ine"
you knew there wss introduced IN
the housc % representa- YES recent
iy ~. weno bin 20 state - as ths
policy 81 the law % the rnitee
States that nothing In the anti trust
laws row existing should he inter
prsted 70 Interfere with the proper
sort Of ro-operation among export
ers The foreign fsld - not IKE the
suIi of combinations meant 20 be en-
elusive The antitrust avs OF the
United states are INTENDED 70 pre-
vent any kind % combination IN the
United States which shall be eseiu-
siv4 OF new enterprises within the
United States. any com einatior Whlch
shah set Ut monopoly in America
bu. the export business is very
big business a very complicated eu.i;
N ought 70 be possible and " VIII
be possible and legal for men en-
rTErr sxTcr-rrE - --E-tff--
and manage X in groups, so they can
manage Il a. an advantage. instead
OF at a dtsstvantsge a. CEN pared
with foreign rivals, Not foT the pur-
pose OF exclusive and rnon0poNstic
combination bat Tor the purpose 81
vide difference there Tor myself
desrfse monopoly. and have en-
thusiAsrn for ro-9p eration-
We must address ourselves m
-
great American merchant marine
Our present situation IL very Ike
this suppose man WHO hsa great
department store 90 not haye CO
his competitors 20 deliver he goods.
You know what would happen They
would deliver thsir own goods frsT.
and they would deliver yours only y
routes followed ~ their wagons
That Is an exact plctur" ~ what Is
taxing place IN our torsign trade
Foreign vessels CARR our gocds where
they the foreign seEssis. happen %
be going ard they carry 'hen only
II they have room lr addition %
what the are carry nc Tor other pso-
pie. You cannot como -r' trade nat
way That l4 conducting trade On
sufserance Therefore We cannot lose
auy time Ia EetttnE delivery wagons
II - sbsollteiT 14-rsFarv n7v -
MAKE good nur new ne-ti0ns
.NAF EeF t.fWt. lt'tffr
great and rich repI5llcs 20 the south
o. "a For the arFt twe % uF r@rol-
lection thev arc beginning - trust
aud believe On vs. and want -. and
ne % ms chief concerns has been 10
zee that uofrlug vas done tEaf cd
2 otitshcp frieneshtp and good faifh
or 'ugr part.
There ls ouly one thing I have ~ser
been Ashamed about ir Amer "a. an
that was The timi1ifv and feArf ress
~ Americans ir the presence - for
sizn p@titors. have dwslt
among Americans all ny lie and
know from experience that there are
y ore inventive brains in Am cries than
anywhere IN the world Enterprise
the rhrsvaness which American
have shown ne knowledge % bust
ress which they have SNOWFALL
these thtnzs are going % make FOR
that reaCeful and honorable conquest
OF foreign markets which - our rea-
s5psbfe arr oftion.
America nas stood for that sort %
political unferstandtn among men
which would let every man Feel his
y mother and the mission OF America
b. 20 be the same, that when ar
american comes into that compsti-
Z SON 10 comes without any arms that
r .re but only with the peaceful
in~ssncs ~ Intelligent. = desire %
serve That - the mission %
---------------------