New-York tribune., 1919-10-23
Head of Standard Oil Tells
Trade Convention Reju-
yenation Of the World Is
Business Mems Problem
Broader View Is Sought
Delegates Predict Diplo-
macy Must Make Way
for the Open Agreement
Special Correspondence

,.,national Trade Conference here, at
wh;eb commissioners from five nations
are working out new basis for world
trade, tonight passed from the con-
r.-,ation to the oratory stage. The
s.ms;nine sessions, formal in their
n.ture. will be open to the public and
w;ll deal with the broader phases of
barter between nations.
when Homer S. Ferguson. president
a; the Chamber of Commerce of the
United States announced that the con-
;srence was officially open more than
800 delegates faced the speaker in
Youngs' Mllion-Dollar Pier. The first
act Of the conference as whole was
70 communicates TO President Wilson
It's anxiety over his health.
The function of trade reconstruction
according to a resolution adopted, has
been expressed by no one with greater
aptness thAn by the President in his
speech at Turin. when he said the
future destiny of the world rests in
the hands of those who conduct its
commerce When this conference was
projected it was expected President
Wilson would be present at one of the
sessions to develop further that
thought.
Regrets of Conference Expressed
at is the desire of this conference
that there shall be recorded the ex-
treme disappointment Of the confer
ence that President Wilson cannot be
with US on this occasion. and our
profound hope and prayer that at the
earliest possible moment he may be
fort equipped with renewed vigor to
tho nf ,pfa +,op ~
good will reads the resolution.
In the speeches which followed, both
the Americans and the foreign dele
gates approached their subject in new
spirit. Since Monday morning the
Europeans have been privately confer
ring with American committees on con-
crete needs in the terms of goods and
credit They have dealt with the minu-
lie OF the probe Tonight they took
larger viewpoint and touched on the
International situation
A. c. Bedford, of the Standard Oil
Company of New Jersey and chief ex-
ecutiye of the conference. in his ad-
dress interpreted the spirit of Amer
lean business men in their dealings
With the Old World
We now realize" he affirmed that
it is not only necessary to sell to the
nations of the world and to buy from
the nations of the world, but that we
have direct interest in actually
promoting on its own account the pros
uerity of the world. not alone of that
part OF 1t comprised within our ma
tional boundary lines, but quite as
much the prosperity of lands remote
from our own
Duty of Business Emphasized
Altar da5orfb,rn II,
world as in = state Of hux. in which =
philosophy Of despair is sung in MANY
countries, Mr.. Bedford warned that
upon the business men of the world
rests the duty to see to it that the
prophecies OF despair shall not be veri-
hec, and that out OF the waste and de-
s'ruction of war there is reared new
sofla and new prosperity which shall
insure TOR aii time the -elfare and hap
piness Of mankind. Upon these business
me. II is t. opportunity and the obli-
gs'ion to pursue policy of such SYM
ea'ny and enlightenment that this new
anger m our social and business life
anal nave no opportunity to grow"
Ahe speaker undertook to lay down
Ine TWO following principles as the
mean oy which real prosperity can be
restored:
First Of all, by cooperation between
our business men. The petty jeal-
ousies, the shortsighted efforts to OBJ
ain temporary advantages through
Sues'ionable methods anything else
snat whoiehearted mutual confidence
ana cooperation cannot endure agair. st
.ae obligation Of the new day. We
sn suau De competitors but let US be
'''snoiy competitors.
Work More, Talk Less"
:. second. by return by our people
"a realization Of the diyniGy of labor
Nv nation that puts a minimum of it's
s..ength into labor can hope to com
Ps'e with another that works at full
sss.' to live, the world must produce
more and talk less"
Inc presidents Of the four FOREIGN
MISSIONS responded.
eugene Schneider. in behalf of the
.snen ..'an delegation, predicted the foun-
r..., m nesds OF power in the future
ae past. ~"0'0 VI
he said:
ne form curious embassy, quite
up date embassy You, gentle
~ lei US not be mistaken; it is the
srs a ~ embassy appropriate to the new
an, NO, tne beginning Of which has been
nu rsec ny our common victory,
before leaving Paris we were re-
.s.sea oy our Premier, NJ. Clemenceau,
sis .a d. 7 emenceau, with his wonderful
s.ear-mindedness, told us: 1T is up to
sSu now to lead the government in
mose paths which lead directly to the
5sncrai welfare. More and more dip
-V.hacy Will vanish before direct agree
ts"es which will be reached between
s- s peoples, for victory has opened the
VI universal democracy
historic Step Declared Taken
Ia In that direction that it can be
sssersed tina, the Chamber of Com
as.ce OF the United States has taken a
ga, historical step.
~hether we succeed through our
..aiefenees in reaching definite agree
,asn,s or only the basis Of such agree
;snn, II will not be long before the
realized. Nay
for there Ia at feag, something
s.nich will survive these present meet
.ass' that In the habit Of meeting to-
ss'her and comforting upon our
~-scai problems in an atmosphere Of
cordial friendship"
~. fiorimund Hankar, chief Of the
lDse'gian mission, told the delegates
's country, which was beseeching aid
.''m America, was fast approaching
normal condition.
Ds'girm's wrecked towns and cities
.,s being set In order" he asserted
I'D ss, roads are being rebuilt. Her
,h,en-torn fields are being plowed and
In*d ard crops harvested. Here and
.' sasss' manufacturing plants, which
tssfs not despoiled Of their machinery
syx, ~ .he invading foe, are operating