The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-09-26
NEW sPIRIT
NEEDED IN
BUSINESS

| try Will De something ike double. :
| But. as ( have said. ! have come
| % discuss the general relation ok tae
/ United Ststes 10 the business on the
world in the decades immediate lS
| ahead 81 us We have sW uuE out M
| 20 n new business era IN America.
/ suppose there IS nc man courecfel
with your association who does not
| rernemb Der the time when the whole
| emphasis 81 American business dls-
| cussiou was laid upon the domestic
market ! neAd not remind you bow
! recently u has happened that our
attention has been extended - the
mar kets ~ the world.
one 81 the most Interesting CIR
! cum stances II our business history ~
| ,hts The banking laws % the Unit
ed states mean the federal bank
ing laws--d3d not put the national
! hanks in a position 20 40 foreign eN-
| change under favorable conditions
and u was actually tra@ that private
| banks and sometimes branch banks
drawn out - other countries. not7 .
| bly, out a Canada. were esta hed
a. our chief ports 90 do what Amer -
can bankers ought - have done
Not until the '0rt aont lex. nation
% congress known "a thc feoeraI re-
/ serve act We're ere federal banks
given ths proper equipment tnrolE p
whlch-they could assist American
commerce. not only IN our owr eour +.
} nv hut IN any part - the w0rlf
where they chose 70 SET ur branch
,,stituti6rs British banks ha4 been
serving British merchant al over
the world. German bank had been
serving German we-~ha~fA all over
Ire world and no national bank 81,
the United states had been serving
American merchants anywhere OK
cent the United states
Not only when this war is over. nHt
now. America has her place n fhr
world and must take her place in the
world % suqr- z----~+-T-'T-T- - 'ff-'-+t
s1..!----Tdt she never dreamed az
before
federal trade oumission n ta'
transformed the gOvernn1 NJ from be-
ting an antagonist 81 business icf7
being friend % business \ re-"
years ago American business o. -
took up their morning paper Win
some deEre. II nervousness q sec
what the government was doing
them ssk sou n YOU aSo ~ th-
morning paper now with airy degree
Ara thsn you know We have 'us'
now done what l. vas con mon gen e.
"a 1r about the 'ari~ We Rave ao
| r-itt~d that on the one side and or
the other We were trlKirE f0-1rte
anA managing rnli~les without emf
I s-fs9f o,fafwe - 'hs f4ets u~0r
w-ich We wrrr acting and. there
, fore Ne have eEfe ifFnft Whaf
. Intended 20 30 = non partisan tarIH
.
win which legislation rzs 20 dea
IN me matter ~ +ha relations -
American With foreign bgsines'
transactions
the house - rruresarfat YES recent
~ Tho r.ahH ftft % state 70 pa m
3 pali-v - +te I0w - fhe ir'f"f
/ States 's nothing y nc snti-trus
7 preted go Interfere with re rroLr'
& sort 81 60 operation among @Nport
{ ers The frf-4Ru re.I .E mo- IKE tl'
domestic Geld. The fore Zr t".a b
elusive The anti-trust laws or th'
+ United states are Intended 20 pre-
+ vent any kind - conjunction IN ~
+ United states which snail Pc
/ sIve 81 new Enterprises within th'
Calted states. any com ainA'i ~ IN
ataN set ug monopoly .r NfGerira
} but the export business "a YfTl
/ big business. very comp Gated p ISL
\ II ought % be possible and = WI
be possible and legal for men en-
zaged In exporting 20 Et' frEr ih'
and manage y IN groups ~ ihrL ai
manage a. az an advantage. IrH''''
az a. e disadFautagH - r4mparr.
v.tb foreign rivals Not f"- tho pur'
pose % exclusive and wonopoIiatI
combination nat FOR 'be purpose u
vide difference thSre- 7 fgr my@e
I daspsge monopoly and have en-
thusiaErn for co-opsratIon
We must address 9urrelFes fu
nnediatsly 10 the recreation ~
great American rlsrrfan' marine
J Our present situation OBJ very iki
this SuppcsT man who had q gr ea'
department store did not har" d..
fiyerv waEons and pended upgr
his competitor 20 deliver bis good IS
You know what would happen The
would deliver their own goods frat
and they would deliver yours only ID
yours were 70 be delivered upon 20.
routes followed by their wagons
That II an exact picture ~ what IN
taking place In our for@'gn trad"
F'.rntgn vessels carry Our good Wher'
they. the foreign vessels, happen =
So going, and they carry them orl'
~ they have room IN addition p
what the are carrying for other pcu'
NE You cannot conduct trade ina
wav That Is conducting trade 90
Eu9erance Therefore We cannot i0a'
any time IN getting delivery wagon
4 IL sbsolsteiy necesFary nov 20
make good our new connection q
our neW connections are With The
z -eat and rich republics 20 th6Enntf
Of us For mo frHt time .u nay rer'i-
lection they are beginning % trust
and believe IN as ard want us. arf
ore ~ my chief concerns has been %
SEQ thAt nothing Was done that dir
not show friendship ard good faiif
on orr part
Therr'Ia only ono thing have ever
that wa tho tIull.tr and f"Hffulr"s'
- Americans Iu tho presence ~ for
oiRn competitors have dwell
among Americans all uv lif~. and
know from csperIcnFa fH1f there Hrf
more inventive brains IN America than
anywhere ~ the world Enterprise
The arrewdresg which Aueri0 cans
have shown tho .rrowlrGar ~ hIr'
ness which they have shown ALL
these ftiraH are going ~. make ffr
that reHcefll ard honorable cong "fH'
90 foreign markets. which 's ggr rr.
rrukhiA huhifilu
Arr @-i~B has stood f.r chat SORE .r
pouu~aI unGerEtsul among men
which would Irt every man Feel f..
lights we're The 1ame ss fhess -
EUDtner and The fnIhElgu ~ tWerIDa
In the field % the worlta commerce
IL % he the same that when am
American comes into that rompntl-
ton he comes without any arms that
would enable him 20 conquer iy
| force hut only with the peaceful
\ infBsncc - intelligence. n desIre to
/ ssrE" That ls the mission ~
/ Arsrlra-
| PrtuttnE-fhs ptsfs neat tind-ths,
\ r. FtRhf--Ttmea Job Dent-Main ar1n