The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-10-21


So satisfactory were the contacts be.
tween the men of big business from all
over the word tina: talk is already heard
Of developing permanent organization
out Of the conference on lines parallel
to the labor organization provided in
the peace treaty.
Upon the American SIDE all questions
were directed as to tie guarantees which
the Europeans are prepared to give for
loans and credits; OF the European side
the great anxiety was to find out how
cheaply these loans and credits could be
extended.
The position of the English delegation
as Informally expressed is that England
will ask no further credits here. and will
even be able 10 lieip in financing the
other countries. France is hot yet
stating what her needs will be. If II
costs her TOO much to finance herself
here some NJ her delegates are saying
frankly that they will do II elsewhere.
The Italians want An extension OF time
on interest Of thei: present Indebtedness
here, and further commercial long term
credit Of from 500, 100000 to $500. 000,-
COO Belgium wants a credit OF $780,
100000 for twelve months.
The greatest problem to be solved by
hic lAl4ti tll't VIII ne the
Of exchange, for which a dozen plans
suitable.
General Welcome Extended.
The day opened with a general well
come to all of the delegates In the big
conference room of the Traymore and a
frank statement of the American atti-
tlQe nv paAFnrd ~ Va In I'D
OIL Company, chairman of the confer
ences executive committee. and by
James 5. Alexander of the National
Bank OF Commerce IN New York, as
chairman Of the committee on creden-
usls and finance Later the various
roups split up into food. shipping
finance, reconstruction, metals, chemicals
and others
It was Mr.. Bedford who. in opening
NE conference, said that the prospective
borrowers from the United States give
assurance of the stability of their own
governments.
We in America appreciate the enor-
NOUS sacrifices made by our allies in
Nshting the war" Mr.. Bedford said: 1--WE
Know how Your blood and your treasure
poured forth without stint. We know
mat the end Of the war finds your Ereat
-ytAr!es with huge national debts and
Sl'h needs OF most pressing character
Ior raw materials and food. America
Was late IN entering the war, but wher
We did enter we sought 10 bear our ful1
responsibility Now the responsibility OF
victory rests upon our shoulders quite
war.
We are tod that by reason of tn,
nsh prices prevailing here and the high
Ia'e OF exchange II may be found nee.
tsarF Tor some countries to buy IL
"her countries than our own.
lol VIII have much to tell us o.
munitions in your countries and OF how
W. can aid each other. But on certain
POINTS We shall he peculiarly interested Il
nave Information;
T. what are the menaces TO socia
.ler and stability in the different coun
- 81 Luro7e to-day. Have the danger
bo.SheFism or Socialism passed. Il
- any danger anywhere of the con
,n or private property. the non
..N'N o. the rights of ownership
~ , business management, or the an
-Hth' OF law2 The success and per
SS ,,y Of business, yes, It's very life, Il
49,, 80" 'Nl u1on the stability OF gov
."HeNi With regard to these pointi
't'''Nl'' ~ perfectly secure
49,. reference to the nations repre
80, 60 here But in these questions tn,
isI'a's mo" Of America are very deep
y Interested
commerce Basis Probed.
,,. what are to be the relations be
zen government and business in IN,
r,.psc-.'e Countries? viii the variou
,,ohs recognize that commerce is m,
49, N al interests and will thei
igs s''o's b. based on such statesman
t,,se 'H''ont What will be the at
vi w ~ me yar!ous Governments 10
-. american industry and com
80 WI. II he accorded freedom o
rrt. and equal privilege and oppor
$3.50 II be threatened viii
I,tl .--------------
Fy"'"' ''n," Hcada"r,s and Pains.
lon .. '-t"Nrs ana body pains cause
LtYsT....H arc soon relieved by takin
-bst, +. HEDMO QUININE Tablet,
Grow nF ON" Promo Quinlne u N
AEnaturs on the box a9c.-Aa,