The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-01-07
FRANCE SEEKS TRADING PACT
RUSSIA WANTS TO TRADE
WITH THE U. S.
British Now Grabbing for Business
United States spurns It Is
Asserted.

Washington. needs between
$4,000, 100000 and $4,000 200, 900 worth
Of American commodities, good part
of it railroad material, within the next
four years.
She wants to trade with us and will
produce witnesses before a senate for.
eign relations committee during the
week beginning january to show
that the opening of trade between the
United States and Russia will greatly
stabilize the government.
One such witness is DR.. Marquitz,
professor at the University of Mos
COW, and one of the greatest econo-
mists in Russia. He is politically op.
posed to the soviets but Will tell the
senate that If trade relations are
opened tehy will arrange their flnan-
cial and industrial organization to
meet the approval of the world.
At this hearing shall offer a cable
gram from Moscow officially confirm
ing the great contract and the con.
cessIons obtained by Washington Van.
derllp from the soviet government.
The Vanderlip contract provides for
the delivery of $3,0O0,o00 worth of
American commodities to Russia. 1t
also provides for a concession cover.
ing 100000 square miles of territory
in eastern Russia rich in resources Of
oil, coal, furs and fsheries.
Within the past year representa-.
tives of corporations and societies in
Russia came to America with $20,.
100000 in gold to buy farm machin.
cry but were informed that the goods
could not be delivered.
They went to Great Britain where
the orders were quickly placed. Right
now Russia needs $5,OO0,000 worth of
American shoes.
The opinion is held by quite a few
that Continuation of the ban now ex-
ercised on trade with Russia by the
state department is sought by Brit
tish interests as a great assistance to
themselves in preventing American
competition.
The treasury department has refus-
ed to allow paper based upon Russian
transactions to be used in the federal
banks and have been informed that
jointly with the state department they
would not mint Russian gold on the
pretext that this gold might have been
taken from individuals or banks in
Russia in an illegitimate way.
Action Is Taken.
"The recent action by the treasury
department in suspending the fiscal
embargo against Russia came as a cul-
mination to the efforts of American
business men to meet certain sitting
effects OF foreign competition, such
as the censorship Of American cable
grams SO dramatically disclosed dur.
ing the recent conference.
I'VE are still wobbling, however, so
far as the government departments
are concerned. The state department
refuses to issue passports to Ameri
can citizens who contemplate opening
business relations with Russia.
''The postmaster general refuses to
allow mail and cables to be sent to
soviet Russia because we have not
recognised that government
The first action toward establish
ment Of trade relations with Russia
was taken last July when the stats
department ruled that Americans
might do business with that country
at their own risk.
A practical embargo, however, was
maintained at the treasury depart
ment.
The machinery for credits can read
lily be set up, if needed. adequate ma
chinery is not already available.