The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-10-17
Secretary Redheld Tells South
ern Commercial Congress of
Barrier to Teuton Trade
BANKER ATTACKS
WAR TAX MEASURE
Says 1t Places In Jeopardy Sec
ond Liberty Loan-Mobilize
Cotton to Aid of Govern
ment. Irving Urges

| New York, Oct 1.-THE barrier
that will be raised when peace comes
once more against German world
commerce by the nations that have
suffered most from Hohenzollern
ruthlessness was the subject of an ad-
dress tonight by Secretary Of Com
merce William G. Redfeld. Secretary
/ Sedheld was the guest of the South
ern Commercial congress at the Ho-
tel Aston banquet rendered to foreign
| diplomats. He said:
When peace shall come and her
merchants take up the task of restor-
Ing Germany's ruined commerce, they
Will md that 1t IL strange world
which they seek to re-enter. There
will be difficulties In the path Of
peaceful penetration OF which they
seem not to dream
Commercial frightfuiness, like It's
military namesake, will have passed
away. 1t will hardly be said again to
any secretary OF commerce OF the
| United States that the German dye
stuffs verein will not permit the
esta alishment of an American dye
stufrs industry. The monopolies on
which German foreign commerce in
large part seemed to rest secure have
passed away"
Germany, the speaker pointed out,
Will no longer be the sole source OF
the supply OF potash. dyes and optical
lenses. He continued:
Commercial Value OF Good will.
7 need not tell you OF the COM
merciai value of what we call good
will The great markets OF the world
have been and are among the nations
which have parted company with Ger
many in the present struggle. The
peoples OF these lands are not likely
by one impulse to turn quickly to Ger
many. fer a renewal of the commercial
intercourse which was broken bby her
acts.
The business sundered by the war
was going business 1t must be
renewed against circumstances OF De-
culiar hardship"
Among the distinguished guests of
the Southern Commercial congress
who listened attentiveiy to Secretary
Redfieid's address were NJ. Jusserand.
the French ambassador: Cecil Arthur
Spring Rice. ME Esratissts arnAasAassnr;
Count V. Macchi de Csllere, the Ital-
ian ambassador, and Boris BakmstiefY.
the ambassador of the new Russia
During the day the place Of cotton
in the nations commerce was the SUBJ
tect OF special conference Fred l.
Trust company. warned members OF
the commercial congress against tax
alton founded upon false principles
He declared that IL the second liberty
loan Is failure IL may be necessary
for the government to "conA>ript
credit" II the government nnds this
a necessity, then, the government Is a
failure, he said. Attacking what he
considered wrong taxation. he con-
tinued.
The liberty loan and our very sue
cess in the war are In jeopardy be-
cause of federal taxes, which have SO
shocked those responsible to millions
Of stock and bondhoiders that they
are unable to determine what amount
can safely be invested In liberty bonds
Fer they must still leave q sufYicisnt
to pay their federal taxes
without having to borrow or Be
forced into bankruptcy"
Cotton Resources Needed
Louis e, Pisrson. chairman Of the
board of the Irving National bank,
bringing all the cotton resources OF
the country to the support OF the go--
eminent in the war emergency. Ha
said:
Whether we consider the financial
aspect OF cotton or any other great
stable. whether we produce, finance
or govern In this industry, we must
turn our efforts to developing q larger
production so that greater support
may be given the nation in this our
greatest national enterprise--wfn-
ming the war
Good roads and the part they play |
In preparedness when the nation il at |
war was the theme Of q special SEES |
1
Continued on Pare rwo)