New-York tribune., 1919-03-29
Plan Systematic
Campaign to Get
Foreign Business
Members of National Asso-
citation Of Manufacturers
to Participate in Benefits
Non-Profiting Exporters

Definite plans for the development OF
foreign trade through the organization
OF export corporations designed to OBJ
TAIN ali the benefits of cooperation per
misslbie under the Webb Pomerene
act, were announced yesterday by the
Natonal Association of Manufacturers.
winch includes all classes of producers
in the United States.
Inc plans, according to the sponsors,
call Tor the formation of separate ex-
port concerns which it is proposed shall
operate in specific territorial markets
IKE South America, the Scandinavian
co countries, the Far East, the Levant, etc.
me flrst company to be organized Will
go after trade in South America
memberships in any or all Of these
export corporations" saws the an
nouncement of the National Assoc;a-
ton of Manufacturers, "is open to
members. comprising 400 Of the
largest firms in the country. Under
the ASSOCIATION plan the ownership
ana control of each corporation are en-
urely IN the hands of its stockholders.
the ASSOCIATION acting purely in an ad-
vlsory capacity where serviceable. The
business development, therefore, is the
manufacturers own, and its relation
ships are direct
he export corporation will itself
develop trade through permanent and
expert representatives, acting direct
a all important foreign points. their
efforts being under the Supervision of
competent and expert staff at home.
All shipments will be handled by the
export corporation. SO that the member.
having produced his quota Of a given
order and loaded it, properly packed and
marked, On cars, will be freed from the
annoyances Of forwarding and shipping
details
The export corporation will, more
over, make proper forwarding contracts
caring for all shipments from cars to
destinations. and for the necessary ad-
vances to cover charges therefor. and
VIII likewise perfect advantageous ar
engagements with shipping interests and
financial institutions located both at
home and abroad
1he export corporation will con
duct the business on basis DESIGNED
solely to cover costs. To that end its
com mission charges will be periodically
reviewed. The net cost to the member,
therefore, VIII inevitably be less than
under any other possiblo form Of ex
port undertaking 70 this is added
the vnlue of the service hvailnhle
through coopefntion with The associn-
ti0u foreign trhde department To
HHte tnis t"rvlr" nrublV eNrrtiYr tic
plan proposes, NJ tho nembef'e option,
10 make rutveya If methods ~ hasist
him - de9elopinR bis ign tfhde.
and particularly ~ trhip some member
Of hie STAFF iptcllipentiy ~ handle ~
port bueinoss'
The form ~ organization Of the ~
port corporation, according 80 tho as-
socintion's announcement, calls for a
pefpotual charter. With plnce Of busl-
ness I'm NeW York, officers, aud n board
Of fifteen directors, and an executive
committee Of five directors. It also con
templates the appointment Of advisory
trade group committees to co0porate
with the directors on matters Of dc
vclopmcnt and general interest in con
nectlon with specific lines of trade.
Only common stock will be issued. this
stock to be non-dividend paying and
nssesshble, and intended solely to
cover initial running expense