Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-10-17

Is ono that should be negotiated on
the basis OF Industry as Il whole. For
Instance: The exchange OF favors
need not necessarily be between the
automobile industry OF one country
with the automobile industry OF an
other. but nations who do not mako
cars could give favorable tariff TO
American automobiles in return for
consideration by us Of some OF the
products which they export"
constitutional difficulties have been
urged against commercial treaties in
,he past. Mr.. Domeratzky pointed out.
Dut ne expressed Il belief that with
the growth OF public sentiment tho
senate would show moro favorable
consideration to treaties than It has
some times shown In the past: and
that the obstacle OF differences OF
agreement between the executive and
Legislative bodies could be adjusted
The advantage OF the Jones bill in
guaranteeing fair treatment to
we're pointed out By Il. y. Dean. Of
United states Shipping board. Sec-
tion 2S or the bin provides that the
shan have preferential rail rates as
AGAINST those handled In foreign bot
toms. The board has power to FL:
. %hen this shall go into operation.
b'cH no tlIoFt To enforce
this provision a. the present time and
1t in believed that such action MAJ
not be necessary
There IL Il disposition on the part
OF foreign countries to recognize that
the United states IL now a power in
me shipping world and America ca
IoSk Tor fair treatment from her
neiShbors. Mr.. Dean believes that
the Jones bill gives an opportunity
70 further protect the interests or
United States when the necessity
Edge hank Possibilities.
Longer terms OF credit can be ex-
tended TO foreign customers by hanks
" oari,i,; under the Edge law. ac-
Ing Association. New York.
These credits must be based on
t Inc 5nsn, IianvestiGaatiion, and where
greater market for American prod :
uc,S are increased. Immediate re-
SUITS from longer credit abroad. how
wori, are nh not IHely TO be seen until
"gr" SoA1ltIons are more stable
In the near future. however, tn.
Euse bank system will permit n dc.
ERE ERE, OF toreign financing which could
~, , mn:,n,utacsurers. II the foreign banks
VIII guarantee the paper or their
customers. tho Edge bank can. in
t "a; determine whether the guaran-
zee ~ sound and avoid seeking RE-
course from tn" manufacturer. NJ
kennedy believes tina. az The t-niieI
states has tho greatest Unnnci,i
strength Of any country. II mus,
;,i,hce rs own foreign transactions
IN the futnrc. Formerly the buIl; Of
In London y"
Conditions Abrnnd bright.
our speakcrs spoke optiinistic,lIv
1n the recovery OF foreign trade con.
w n;'. OBS Franklin Johnston. publisher
Eooo news from his European trim.
Mreat Brltain is nearly back To- nor
ma on her exports and is r.i,cin,.
hrr uebts three and one half tirns
mor" rapidly than the United States
me morale OF France Is remarknblo
Hon, '" and are H. splendid condi :
oept'onally large. Belgium is rapidly
getting back to her prc-war streng,L
INC central powcrs on tn. ntber
tainty. VI u"ceF :
Mexico has settled down for an era
or o.! prosperity. according to J. p. Bar.
ry, press representative OF New. Yor,,
."intncrcihl; He indicated that tho
present administration ut Ncxico civ
IN PROT nlted states. that adjustment
IN MeNico's laws are likely To he
.au. 70 attract foreign capital. and
It's bareiy-touched oil SUNNY will hn
permanent source OF wealth 'e
south Africa will be :: strong mar.
kct Tor American motor trade In tho
opinion OF 7. :. Barber rcDresenta
I Nv" OF the General Motors Exnort
company Brazil. rs a promising for
I.Icas OF tho Motor and A eg 9; -
Manufacturers Association. He MISC
pointed out some az the mistake s
! made by American manufacturers and
suggested methods for their remedy.