The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-04-25
FINANCE BODY GIVES
FOREIGN TRADE AID
announcement Made By Mayer,
Managing Director, In Address BE-
fore Exporters nj Chicago.
MANY PROBLEMS OFFERED
.uropcan Conditions Make Trade
Difficult and Advantage OF
Federal Help Is Urged.

CHICAGO. April 24-Amcrican
.,porters desiring to extend their
foreign trade but who are unable To
make satisfactory credit arrange
mcnts with their banks will receive
governments aid through tho war
nrance corporation.
This announcement was made to-
night by Eugene Mayer. ir.. manag-
ing director OF the war finance cor
poratlon In an address before the
sSlh national foreign trade conveu-
lion which opened a three-day ses-
sion today.
~ YOU gentlemen representing
American production should make
satisfactory arrangements with for
eIgn purchasers which cannot he
cared for by your bankers. the war
finance corporation In ready Ia stand
behind you. help you. II YOU wish II.
IN creating and carrying out n sys-
tenn ~ long term credits and obliga
ton. tot the promotion OF interna
uonal trade said Mr. Mayer.
business IIcsltntcs
lIr advocated a "liVe and let live"
p,licy European conditions. he said.
make foreign trade difficult and un-
meet the abnormal conditions lie
said business on both sides OF the
ocean was hesitating because OF po-
uiical and business uncertainties.
The problems To follow the league OF
nations would he economic and re-
auirc the services OF men trained by
study and experience Hc emphn
sized the need Of especially trained
a.. 3.
lens.
Tho study OF foreign trade and
foreiCn languages was urged ns n
recessarv preparation for meeting
the situation. Necessity OF mer-
chant marine, improved transporta-
ton facilities, reduced freight rates,
lower manufacturing costs and rccip-
rocal trade agreements for the de-
sired expansion Of this country's eN-
port business was empha sized by the
speakers.
Charles j. Brand. chief OF the
bureau NJ markets, United States de-
partmcnt ~ agriculture. spoke OF the
vital problem of agriculture IN for
eicn trade. He said that Is per cent
N the United states export business
consisted of agricultural products. OF
which cotton was the leading COM
modify
He said the department OF agricul-
tnrc will soon send three agents 90
Europe to act as permanent repre-
senta'iyes to aid In the development
Of this countrv's export trade.
John NJ Parker, New Orleans. de-
c'ared that a merchant marine was
The first need or this country's export
trade. He said he was opposed to
the disposition OF the vessels built by
the government during the war un-
m v can be ascertained how many
are needed in our foreign trade.
He said he WAS opposed TO gov
ernment ownership OF either rail-
roads or ships and the sooner the
transportation lines are returned 10
lheir owners the better II would he
for the business OF the country He
urged the development of, commerce
In tho Mississippi valley along north
and south lines. and said that Mex
ico. Central America and South
America offered rich fields for
American trade.
This country was not invaded dur
ing the war bit Il soon will be in
raded by the business OF foreign
countries and we must prepare 10
meet this situation" said Mr.. Parker
He urged business men to take q
more active interest In politics and
demand necessary legislation 10
guard the interests OF industry.
william s. Culberson OF the United
States tariff commission. spoke on
lhe value OF a bargaining tariff in
foreign trade.