The Bridgeport times and evening farmer., 1919-04-29
WILL THERE BIO A TRADE WAR?

HIS excellent speech to the Chamber of Commerce the occasion of its annual luncheon, Mr. Nicholson first president of the Chamber expressed the opinion that will be followed by trade violent in its sphere than the
 Since this is a question future, be determined alone by circumstances suspended to await the evidence events There is not the disposition assert that Nr Ncholson's conclusions wrong.
 There to suppose that the international beicose, than the world of the past has been.
 kinds of international trade, broadly speak ing One kind most desirable If nation needs cotton and has not copper rubber silk anything whatever it things trade promotes friendship when it exists; enmity forcbIy suspended.
 The United States is sending much food to Europe The trade in food promotes friendship To stop the trade In food almost surely would provoke violent antagonisms-
 There another kind of international trade which siss the effort 10 sell at rates closely competitive goods which be made well in the place they sold elsewhere. There also competition to sell at cut prices goods backward peoples who have little industriaism their The latter trade makes friends of the people who served but tends to make enemies of those who pete for the privilege of furnishing the service.
 trade of the future may be amicable and less competitive than the trade of the past
 There are certain arrangements in the League of Nations relating labor that should equaze conditions of pro ducton Since the precise effect of these conditions latve much weight will be attached to their eXence the purpose of this discussion
 But the opening trade will be highly amicabe. The lions much from America which they readily obtain elsewhere and will years
 The danger in this trade lies in the necessity Of doing it, the National City Bank of New York has well said, charge system. Very grievous enmes would be created America should refuse to provide this aid.
 The strenuous competition for foreign trade it existed among the European nations, due primarily cumsances:
 That these nations, being able to supply themselves with food enough obliged to trade articles for food;
 having necessary for 1nanufac- lures compelled to trade manufactured commodities these.
 The war has taught Europe the art of raising food In Great Britain especially there will be soil
 foreign markets grew another, and important Under the prewar system, two classes in productions the employer and those he employ The employer sold his goods the highest stocks of goods created surplus which, not finding convenient demand at home, sought release abroad
 system has into existence, in the United States and throughout the civilized world This system has it's least expression the United States greatest Germany and very expression in Britain and France.
 The employer longer hires in the lowest market and sells his goods in the highest The workers participate in the surplus, speak, and having to buy with will be able to buy and larger proportion of what produced In this the surplus for export will be much reduced sometimes annihiIated.
 tendency II European countries will be have no surplus of goods than necessary get things that cannot be produced at home including materials
 The graduated income tax, has become everywhere fact small incomes little is taken. large incomes much. This will have the effect of putting vast into the control of the government which in turn will increase the land scheme it's public housing program and
 The United States has comprehensive program land reclamation, from which benefits may be expected.
 All these things surplus at home, which pre- days would have been in the hands of owners ket would have been sought abroad
 is a world entering; a world which has a stock quite ideals; world which will do business quite different plane; world in which most people will happier, better satisfied and comfortable The day unrestricted economic competition is gone.
 For reasons others that might be enumerated it may Mr. Nchosons prediction of unrestraned war will not be realized.