Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-12-12
TELLS BANKERS TO CO
AFTER FOREIGN TRADE
iicutenane Judson, Who Served With
British. Addresses Richmond
Chapter, A. L. Is.
OUTLINES NEW OPPORTUNITIES
Sees Wide Field for American Bust
ness Men When They Enter World
Commcrce-Bclieves ItaIy Offers
Fine Chance for Expansion.

Speaking last night before the mem
bers OF the Richmond Chapter. Ameri-
can Institute of Banking, Lieutenant
Jmdson. of the British army. laid en-
phasis on the opportunities now cX-
listing for the United States to build
up great foreign trade.
Even at the time the United States
became a belligercnt, plans for trade
after the war should have been made
and commission created to outline
the economic policy OF this country
International trade" he said But
this was not done, as we all know.
However. the opportunity is not yet
lost. but to take advantage of il now
two things must be done: First, this
country should have u foreign trade
policy. free from all political smtanglc--
mcnts and for the sole benefit of
American business; second, the ante
dated and Anticipated American ship
ping laws should be Immediately re-
vised in order that the $4,000. 00O- ton
merchant marine which we shall have
VIII be able to operate efficiently.
I'm the past American business mon
have not ,aemed to care for foreign
business. They have produced stand
ard articles. and if foreign countries
liked them they bought them and if
they did not they let them alone. That
is not the right principle. Articles
should be made here as other countries
want them, and they should be shipped
in quantities and sizes suitable to the
purchasers The German merchants re-
counts for the great world trade they
built UP. The field is now open for
American business. and the allies do
not fear American trade smonopoiza-
ton. The thing to do is to get down
to brass tacks in foreign business. and
there YOU men can have part" he
concluded, because you are bankers
and business men,"
SEES TRADE OPPORTUNITY
IN SUNNY ITALY
Lieutenant .IulsOn prohuotod rro,,
Harvard University in 1910, and vert
Immediately to Italy as Il fellow OF
the american Academy of Fine Arts
in Rome. While in Rome he was con-
ncctcd with the British embassy. and
gained intimate knowledge of foreign
trade conditions in general and of Ital-
lie was OF the opinion that there was
now great trade opportunity in Italy
The speaker was warm in his praise
OF italy and the Italians. For IA time
after tho outbreak Of the war he was
stationed in that country with the
British artillery, and fought i'm con
junction with the Italian forces against
the AuStrinns. His experiences i'm min
ing and blowing up Austrian fortrcsscs
In the Alps and in doing observation
work over Austrian territory in a huge
Caproni bombing plane were very in
tercstinEly told. lie denied absolutely
the report that was circulated in this
country that the second Italian army
ran. He stated that this report was
" W hHti-thIneTlcan interests IN
this country. who sought to dcmoralizc
the allied cause TIN ough reports OF
disastrous defeat.
Lieutenant JudSon was for while
deta lied for intelligence work. ana told
of some German atrocities which came
under his observation. He said that he
was delighted that President Wilson
was going to France. because he could
really see what had happened there
and would be firm in his stand that
Germany must not escape with light
punishment Tor the crime which she
inflicted upon the world No mawli-
ish scntimcntalistS should stand In the
way OF firm dealing with the German
nation, he said.
After Lieutenant Judson's address NJ
u. Wallace, of the Fifth Federal Re-
serve Bank, spoke on war activities
that the Federal reserve banks had
connected.