Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1919-04-25
CORPORATION
WILL ASSIST
EXPORTERS
Mayer Makes Announce
ment Of Convention.
WISH TO EXTEND
FOREIGN TRADE
European Conditions Make Foreign
Trade Difficult, He
Declares.

Chicago, April 24.-American eX-
porters desiring to extend their for
eign trade but who are unable to
make satisfactory credit arrange
ments with their banks will receive
government aid through the war f.
nance corporation.
This announcement was made to-
night by Eugene Mayer, Jr., manag-
ing director of the war finance cor
poration in an address before the
Sixth national foreign trade conven-
ton which opened a three-day SEES
sion today.
"lf you gentlemen representing
American production should make
satisfactory credit arrangements with
foreign purchasers which cannot be
cared for by your bankers, the war
finance corporation is ready to stand
behind you, help you, if you wish it,
in creating and carrying out a sys-
TEN OF long term credits and obliga-
tons for the promotion of interna-
tional trade said Mr. Mayer.
Live and Let Live.
he advocated a Give and let~iive"
policy European conditions, he said,
make foreign trade difficult and I'M
usual methods We're necessary to meet
the abnormal conditions. He said
business on both sides of the ocean
was hesitating because of political
and business uncertainties. The prob
lens to follow the league of nations
would be economic and require the
services OF men trained by study and
experience He emphasized the need
OF especially trained men to meet the
country's new problems.
The study of foreign trade and for
elgn languages was urged as nee
essary preparation for meeting the
situation. Necessity of a merchant
marine, improved transportation IA
cllltes, reduced freight rates, lower
manufacturing costs and reciprocal
traoe agreements for the desired eX-
panslon OF this country's export bust
ness was emphasized by the speak
ers
Charles ]. Brand, chief of the bu-
feau Oh markets, United States de-
partment of agriculture, spoke of the
wal problem of agriculture in for
eagn trade. He said that 4S per cent
Vi lne United States export business
consisted OF agricultural products, Of
wnlch cotton was the leading COM
modify.
Agents Will Aid.
ne sad the department of agricul-
lure VIII soon send three agents to
Europe to act as permanent repre-
sehtatlves to aid in the development
VI LnlS COuntry'c ovnout t,oaz
John NJ Parker, New Orleans, de-
Jared mat a merchant marine was
.ne tlrst need of this country's ex-
po't trade, He said he was opposed
w. 'ne disposition of the vessels built
u..;' me government during the war
o am.ii II can be ascertained how many
are :, needed in our foreign trade.
ME ne SAD he was opposed to govern
aS;n ownership of either railroads or
Up ana the sooner the transpOrta-
a aon Iihes are returned to their own
No. b, the better it would be for the
BUSINESS of the country. He urged the
Development of comemrce in the Miss
l;; nap valley along north and south
49,, ana said that Mexico, Central
riaS and South America offered
lielos for American trade.
.r,. Pa,pare for InvasiOn.
w., ms country was not invaded dur
/, uaao lne war but it soon will be in
co ouot by the business OF foreign
NV" INJURIES and we must prepare to
G ~ thls situation" said Mr.. Parker
ME- ne urged business men to take a
dsm ,e actIve interest in politics and
,tha a ?l necessary legislation to guard
'A1 w interests of industry.
sta imam 5. Culberson of the United
states se tariff commission. smoke on the
elgn trade '"'iii III ioi