Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-11-26

Irving National Bank IS
New York Puts Out Com
mercial PublicarIoh

trade data brought down to date and
a wealth OF information on the com
mercial possibilities OF the countries
Of the Orient from the standpoint OF
American importers and exporters
are contained in the new edition Of
Trading With the Far !" which
has been issued by the Irving Ma
tional bank OF New York.
Americas commerce with the Far
900, or more than Is per cent Of on
world trade.
These figures" the volume y
furnish ample ground for the belief
Of many that the greater future Of
American trade lies across the Pa
cfic rather than the Atlantic. Every
trade report and every returning
that continent Of tremendous dis
tances, vast man power and poten-
tial natural wealth almost unbeliev-
able-is only at the beginning Of a
marvellous development and that the
stage now is set for her economic
would seem that the United States
must have a part. Our position As
the nearest great nation which pro-
duces in quantity the things which
the Orient needs compels it"
Detailed Information on the CONF
mercial, industrial and natural re.
sources Of every country in the ORR
is compiled in the book, which is q
volume of 800 pages. The countries
treated include Japan, with her ter
ritortal possessions Of Chosen and
Formosa: Siberia, the Chinese repub-
lie, the Philippines, India, Ceylon. AZ
ghanistan and B~aluchistAn; Siam,
French Indo-china. the Straits Yettle-
171nrfQ nd tho rich +. iA1anAR ~ %hA
Dutch East Indies. Trade needs. ~
toms and methods Of business in each
of these lands are described as we'll
as the racial characteristics Of the
various people which iDh2bit them.
OF China the book says:
China just Starting.
1.-The country is at the beginning of
an industrial development Of vast
possibilities. In the next few years
she must have roads, railways: water.
ways, telegraphs and posts. Her coal
and iron must be brought out Of the
ground and methods of transporta-
ton devised that they may. be- util-
lied. She wants machinery, bndGea.
railroad materials. factorysaandssminss
ing equipment and public utilities
and to obtain these needs outside
financial aid. Her selling power must
be developed before she Al buy.
Once this has been accomplished, her,
great population offers possibly the
the world"
On trade possibilities between the
United States and Japan. the book
says:
The two countries are Ideally
situated for commerce. For twenty
years the United States has been the
best customer Japan has had in tho
world market. There appears no
reason why this trade cannot con-
i~tirtle, rs the products we get from
ourselves. Japan, onSthe other hand.
should buy even more from US than
in the past. The war brought to us
Japan's custom in many thing
notably machinery and products of
iron and steel-which formerly was
given to Great Britain and Germany.
These products she should continue
to buy. In addition there IL the de-
mand for raw materials which this
country always has supplied and
which should increase as JapAn's in
dustrial activities expand"
Methods Dealt With. s'ss
Special attention is givenastosthea
technical aspect of the business of ex-
porting and importing. Methods Of.
organizing ones business for overseas
trade and selling goods in eastern
countries, together with the prepare
ton of documents for incoming and
outgoing shipments, are dealt with in
DETAIL Separate chapters are devoted
to the functions of banks in the H.
nancing Of import and export trade.
the important subject of marine siua
surance, the value of advertistnE,s
routes for statesmen. tariff Information
Of the various countries and thefps8elk-
ing of merchandise for transSpTt lii
distant lands. In additionss@the o
unte contains a.wide ranged 4 s11ise&kEs
laneous information, all of sgatsasa4ss
signed to be Of value to the 11fA4Sf
trader. The motive for the bookFasexS
planned in an introductory Hwerd as
follows: ss8SssA
The book undertakessto provide an
Interpretation for commercialsSSpur-
poses Of conditions in these countries,
with a. general analysts of tFadeSasop-
~portunities and possibilities forFSde-
velopment OF the Orient'ss resources.
In short, it e~ndeavors TODD for 1.-THE
Far East what has been: Accomplished
for our neighbors to the souttis In
Trading With Latin. AnaeffNA . XSKlso
| published by the Irving. Togr4hcFsfhe
books cover fields which xgd4er e ex-
ceptional markets. perhaps tie Fbest
for American trade for yearsto come
HAMoN DIES.
Ea{5r @s ~ -Hfs.f
Ardmore, Okla, Nov. 2s.-Jake Z.
Hamon, Republican national commit
teeYnan from Oklahoma. who was
wounded here lastgs.Sunday night In 4
hotel room, diedsthi stnorninE.