Every evening, Wilmington daily commercial., 1919-12-08
CITY FIGURES IN
PLANNING FOR
FOREIGN TRADE
Chamber of Commerce Asked to
be Represented at Convention
in San Francisco.
MANY PROBLEMS
TO BE CONSIDERED

Special invitation to be represented
,bo seventh national foreign trade CON
ycnt,on which will be held at San Fran
cisco Nav - to 10, 1920, and which Is
he,ng announced Az a World Conference
of American Foreign Traders has been
received by the Chamber OF Commerce oi
this CITY. The invitation Is eNtenoeu 10
the Chamber OF Commerce, and IN ad-
dition to all those manufacturers or nier-
chants who are directly or indirectly IN
trrcstrd in some phase OF the export OF
import situation.
In n letter Ia \. d Warner, Jr., pressi-
dent of the Chamber Of Commerce, James
4 Farrell. chairman of the National
Foreign Trade Council, outlines the ques-
tions which the convention will CONSIDER,
and urges participation in 1t. Mr.. farreiI
SAYS: ~.
Il desire tu call your attention to the
seventh national foreign trade convention
10 be held IN San Francisco, May lZ-lo,
both inclusive, 1920, and 10 invite your CO
onoration and that of the organization
over which YOU preside, in lmpresslng
urpon the producers and distributors OF
your territory.
"a The necessity for careful study OF
the conditions faced by our foreign trade
"B. The benefit to your people OF as
slstIng to reach sound solution OF our
problems
C The value to them Of this conven-
tion. not only as focus Of information
~ and discussion of such problems, but
Is a means of direct contact with other
Americans from All over the world. rep
resentinc every phase and factor OF foreign
trade interest, and
I'D. The fact that tins convention viii
render distinct service 70 the United States
through helping the American pepic To
realize the national benefits oi foreign
trade: and that your people can render as
,lstance in this national service by taxing
part IN the convention
Referring TO the problems now con-
fronting this country. and which affect
tho nation As whole, not merely those
connected with foreign trade Mr Farrell
SAWS
This country must be awakened -
tho full meaning Il beng creditor m
stead Of 4 debtor naflon ~ change n
our financial status Which occurred during
the war is bound 70 nave Widespread re
suits In its final ANALYSIS, the hquidauon
III the balance 81 trade can be accomplish
III only bv imports
Which shall It be- Imports, chiefly If
Eniehed goods. or shall oar investors ald
he present abnormal situation hy extend
ne 4 helping hand and creating imports
through the purchas. Of foreign security,
and hv such purchases increase permanent
IL the national wealth
As our expanding imports already n
riicate. the drive Of imports q goods & On.
It is coming into market whose power
+ consumption IS greatly expanded, il IS
true. IS one result Of the war, but with
mower also to produce great surplus above
rs own needs
What shall become Of that surplus
There are but two alternatives klther
ve shall find markets for this surplus
abroad. even If we must extend the credits
broad u pay for il, or we shall cease to
produce il.
-one of the most vital necessities for
he development II our foreign trade Is
INC adoption Of national paEcy which
shall insure the permanent retention and
operation under the American flag, Of the
merchant marine 50 largely augmented
during the var
These are the great problems about
which the seventh National Foreign Trade
Convention will center The National
Foreign Trade Council earnestly hopes
that vour organization VIII take an active
interest IN this convention, and will adopt
energetic means to see that a delegation
appropriately representative 81 your share
In industry and IN foreign trade Is ID at
Tendance