Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-04-20
5NGREAT INCREASE
sTEALTH AFTER WAR
|.iaent of U. S. Steel Looks
tor Era of Industrial
Prosperity
rsD OF COOPERATION

.g tho National Foreign
l'''u n~.nncu at a dinner here James
rsd' oo',. .os,dent of the United states
.. corporation said ,....,.. -,
~ .sou see such an increase oil
!. '"o,Id's wealth as will i,l &c ,ia,.,o lar 10
80 for the appalling des'ruc-
enpsa,. e,a,.s ,ne last four years have Wit
~ sn' Nr Farrell declared that the
GATES and her allies would
p.l,,r y, from the war victorious.
r'he "Foreign Trade Aspects"
| spsaElnssu said that the ephemeral
| A. fa'I.',,,,,,lated from the use OF our
rsth anis and forests In the eid OIL
| ,nes mn, ofore we joined the common
| A hIes bhen mostly swallowed up
| buss nS 1,I,arv expenses of the first year
hihe n .,,' participation in the war.
our omn otIc task confronting the
| 1e se slestss meant. he said, not only
| ffteo 'siies must be protected against
hft the the continuance Of our own
| itsat altstence SUI insured. but that our
ptonal a,rces should be fully utilized
p'n s.storation of the decadent in
s,ry OF shipbuilding'
Lang Period of Prosperity
n,,,ro a long period of industrial
Hsens.,, fter the war. the speaker
| Fospen,ing, ing1,erlca. IT may be hoped. Will
w. he postion of Offering to the
rinn,, ,ts reotirements which can be
une a. hare on terms and conditions
nR. falr and Just. There is no evil
Mo- any intention to take undue
,s1e enM of our economic and produc-
hsAl..nnoth and we shall in the future
n.si,,,ie disposed to turn to personal
,be necessities of n war-worn
or the exceptional influence OF
~" nostlon as exporters and importers"
,.,ricas foreign trade, both export
q ,nnort. said Mr.. Farrell, Is now
s..,lahy restricted to transporting our
80 10 France and keeping them and
rr Allies supplied with food and muni-
| ttns
aTAsre are. however" he asserted
..,,tsIn commodities procurable only
. Am overseas countries which are es-
.,tlal TO the successful prosecution OF
4, var We constantly need meat, rub
Y, coffee. cocoa, hides and maganese
= from Brazil wool, meat. hides and
mai from Argentina; copper. cotton
| M sugar from Peru; copper, tin and
. rkbsr from Bolivia: nitrates copper,
. mfrsm. tungsten and other ores from
| esDe; tin and rubber from the Malay
| halnsula jute and jute bags from
| hda," and the United States must fur
| nh the ships to carry these products
U. S. Must Mobilize Surplus
The speaker also expressed the belief
| aa after the war Germany would be-
| umt 'as potent a competitor for the
| r,fkets Of the world as she was be-
| tlfe,' and that the people of the United
| Mates therefore must Immediately
| nablIe their surplus resources.
aAs we have willingly devoted our
| hes and our fortunes to the cause OF
| De Allies who have already given mo IT
| their wealth to carry on. i'm our be.
htss In their own, this titanic strug.
| n for liberty" said Mr. Farrell, "it
you'd be natural corollary to this joint
nisrprlse that there should evolve al
| N end Of the war a definite plan Of in.
6national cooperation in the financing
dtOrelgn enterprises"
Advertising, particularly that in
htin felds. was one OF the topics
tscussed at the afternoon session.
Carl H. Green. of New York, declared
nj Tor three years we have had every
disappointed critic in this country tell
y US that Germany is the epitome of
" that Is excellent in exporting. and
nat because Of this great gas" at
nek the exporters of this country have
HHlooked the concrete thing in inter
ntonal trade IN which the United
Yates excels, namely, advertising.
ADVERTISING has done as much to
nNd up Latn-American trade for our
nnutacturers," said Mr.. Green. "as
Wy other medium of selling"
Problems of the Pacific
commercial Problems of tine Pacific
~ the subject of an address by ]. X
hmsoy OF San Francisco. "It would
| In