Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-06-19
WIDE VISION NEED
OF u. s. BUSINESS
New York Banker Warns
Credit Men of After-War
Conditions
NEW POLICY NECESSARY
Future Must Be on World
Basis Instead of Merely
Domestic
NEW POLICY NECESSARY
Chicago. June 10.

Chicago. June 10.
The world entering new business
ana industrial era and all precedents and
traditions suddenly upset. the United
states, never before so vibrant with
strength, wealth and intention, is head
| ing into future filled with much dan
eer--the after-the-war time---without Of
ficiai Washington taking adequate steps
10 meet the situation. Lewis T. Pier
SON. chairman of the board of the lrv-
| ing National Bank. New York. this aft
ernoon told the 1900 delegates to the
annuai convention OF the National Asso-
clation OF Credit Men. in session at the
Hotel La Sale
Inc New York banker urged business
men to retain the grip they have taken
upon governmental affairs as a result
OF the war and declared that II business
competition is to be possible after the
war with our present allies plans must
now be laid. He said that so far Ameri-
| can business men lack an ability to see
themselves 'in the larger world picture
and having lived and traded ''in domestic
terms until recently lack a vision of
the Worldwide competition which they
must meet when peace Is declared.
We enjoyed or perhaps suffered from
what We called our splendid isolation.
he said. we assumed that the expert
ences of other countries meant little
TO us because Of differences. real or i'm
agined, between their conditions of life
and business and our own. We are
coming to see that our former splendid
isolation from the world, instead of
being splendid was rather stupid and
that even II our domestic interests are
| 10 he protected we must adjust our
| vision to world horizon instead OF to
one which marks our geographical
boundaries. We have learned that our
| future must be a world future, with
| world trade. world connection. world
! problems, and hence world difficulties APP
| pear definitely included in what the fu-
| ture holds for us
Industries Play Big Part in war
| lie declared the industries Of this
/ country--the powder interests, the oil
men, the steel industries. the chemical
! people. the bankers, the Chicago pack
ers and countless other branches-hare
written marvellous chapters in history
! in the last year. burying differences and
working whole-heartedly to win the war.
He declared that Washington has at last
become populated with big business men,
! called there to put the war on busi-
ness basis, and that. while not yet on a
| twenty -four-hour basis, the strides taken
nave been great ones.
| That music hath charms to soothe
| the savage breast" of even a credit
man was demonstrated at this morning.
! opening session, when the audience rose
and cheered the members of Jacky
| Band, who played ard sang their sailor
airs. The demonstration came after an
address of welcome by II. II. Merrick
president of the Chicago Association OF
Credit Men. and just before talk by
Governor Frank O. Lowden, of Illinois
| In response to the address Of welcome
OF Mr.. Herrick, f. NJ. Gettys, OF Louis
ville Ky, urged the credit men to make
! the present gathering war conven-