Evening star., 1918-04-19
WILL BEAT U-BOAT, ). !. !.
COUNCIL IS told
New Ship Tonnage 0verba+
ances Slnklngs, Foreign
Trade Men Hear.
INLAND WATERS FUTURE

By the Associated Press,
CINCINNATI, Ohio, April 1s.-"The
submarine can and will be defeated !;
adequate tonnage to meet all demands
will be built
This statement by NJ. E. Farr Of Cleve-
land, Ohio, at the National Foreign
Trade Council here today, was sufficient
to bring all the delegates to their feet
cheering.
.NThe most reliable reports now OBJ
tainable show that the production Of
new ship tonnage overbalances that de-
stroyed," said Mr.. Farr. "a large
amount of new American tonnage will
soon be available and production will
rapidly increase in volums until an
ocean carrying capacity is provided
which will be fully ample to meet war
and commercial requirements"
NJ A. oudin of Schenectady, N. Y, in
speaking on American Economic In
terests in the Asiatic East" asserted
that in order to obtain the best results
of commercial intercourse with China
and the development of that country's
market for American goods, methods
and means that are essentially Ameri-
can must be used.
China according to Mr.. Oudfn, is the
largest undevsloped market Of the ori,
ent II not the greatest commercial
prize IN the world. and he added that
the Introduction Of capital. technical
experience, competent specialists and
foreign representatives Will yield
higher returns than similar activities
In any country with perhaps the ex-
ceptton Of Russia.
Insurance Rates at Crest.
Increase in premiums on marine in
surance has reached its crest, accord
ing to Hendon Chubb Of New York be-
we now have capital in the business
sufficient for every need, or. II not,
there is no question but that It viii
come in." said Mr.. Chubb.
have been. rapidly increasing, but we
have for the time being. at least, come
to the end Of this expansion OF pre-
MUM income. and the reaction has al
ready, to q small degree, set in"
Inland Water Traffic.
Inland water transportation will be a
factor in foreign trade development after
the war, declared Mr.. Parker.
'-One sure effect Of the war" Mr.. Par
Ss mors .eent 0s in aS ehs ,as to
come than 1t has been in the past and
inland water development will play its
part
American Can DELIVER
The world will need food. clothing
-and the materials of reconstruction.
1t will need ships in which to move
such commodities. America has the
ability both to produce and deliver.
And because the spirit Of economy will
be the guiding spirit, 1t will set about
the task with the determination to do
It In the most efficient way.
''Our need for and our win to own
ard operate q merchant feet IL the
best of assurance that way will be
found to place our merchant marine on
an economic and competitive basis.
.But our ships will be handicapped
If we attempt to burden their service
by high cost transportation to and
from our home port. II our competitors
oversee use low-cost boat transporta-
ton for the movement Of their COM
nferce% between. the Interior and ship.
side, we will have to do the same
thing. In this reorganization, COM
modify handlers. as well as the gov
the use of waterways as well as the
creation of dependable channels"
New Trade Problems.
Export trade problems of the past
will likely not be identical with those
of the future after the present war has
ceased. was the opinion expressed by
Robert 8. Alter of Cincinnati presi-
dent Of the American Tool Works
Company.
America should realize that condi-
Hons will change" Mr.. Alter said, "and
we Americans should give the best of
our thoughts individually and collec-
lively, In an endeavor to ascertain just
what the requirements will be to de-
velop and maintain that vast amount
Of foreign trade obtainable after the
war, claimed by many to be within
easy reach of US ALL
Mr.. Alter declared that those coun-
tries which constitute not only our al
lies but our enemies have a degree
Of governmental assistance and sup
port to their commercial activities, and
that 1t is absolutely necessary we
Afnericans should have the same sup
port for the future commercial welfare
OF our country.
renisht there will be banquet.
nt which the principal speakers will be
J. A. Farrell, president Of the United
States Steel Corporation and chairman
Of the foreign trade council, and e. N.
Hurley, Washington, D. c.. chairman Of