The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-05-19
|COM.BINAT
ARE SEEKING
TRADE CONTROL
Secretary Hoover Sounds Note
of Warning to National
Manufacturers.
IF NOT REMEDIED WILL
MENACE WORLD PEACE
Makes Strong Plea for Mainten-
ance by All Nations of
Open Door Policy.
(ey The Associated Pres.,.

NEW YORK, MayS1S-Herbert Hoover,
secretary of commerce, sounded warn
ing tonight before the National Assoca-
ton of Manufacturers that combinations
of exporters and importers in various
countries are again seeking to dominate
certain trades, which If not remedied
can become menace to the peace Of
the world.
He made strong plea for maintenance
by all nations of the open door in world
commerce. asserting ther are many
growths and tendencies today that make
for the direct or indirect closing of the
open door Secretary Hoover drew an
ovation when he declared the world is
surely and slowly making toward eco
nomic regeneration.
If Europe can keep the peace for an
other year, he said. there will be no
further cause for American charity.
'I al7r making a plea for individualism
in international economic life," Mr.. Hoover
said. "just as strongly as I would make
a plea for individualism in the life of
our own people. It is surely by the in
dividual growth of intelligence, initiative
and character through protected equality
of opportunity, stimulated by free COM
petition that we may lift the mass OF
humanity. This system cannot be pre-
served in domestic life il 1t must be
"This is indeed not threat; 1t is not
an announcement OF national policy.
1t is plea that the world should stop,
look and listen.'' For if the day comes
when the United States with her gigantic
resources and ethe intelligence Of her peo-
pie shall be forced to enter upon these
courses in her own protection, it will be
a day Of infinite losses to real progress
and liberalism
fs-- L, ft,of
, many nationals are restricting develop
ment of natural resources within their
boundaries to their own citizens. They
do not allow citizens Of foreign countries
an equality of opportunity with their
own. Yet. we and many other states,
have preserved an equal opportunity
with our citizens for all nationalities to
enter upon our boundaries and engage in
the development of our national re-
sources. There is but one form of re-
striction with which we have sympathized
that is with regard to labor immigra-
ton. This restriction is solely that those
who come within our borders to labor
and live shall be of a type and number
that will melt into our population and be
able to participate in our institutions.
This is not a restriction upon commerce.
I'VE find today that various govern
ments are directly or indirectly lending
nationals in countries foreign to them
exclusive concessions over raw materials
and the impliments of commerce. This
will shut the door and close equality OF
opportunity.
I'VE find in some countries today,
either through encouragement or lack OF
restriction upon growing industrial con
solidations. the creation of great trusts
whose activities can dominate the efforts
| of individual merchants of other nation
alities in foreign trade. At the same
! time we can with many other states
continue systematically to prevent great
consultations that might dominate pro-
duction and distribution.
| 1--WE find in various countries encour-
agement being given to combinations and
agreements between exporters and man.
ufacturers whose object is again to DOM
mate certain trades. We find encourage
! ment being given to combinations OF
| importers and thus the development OF
, power to dictate prices and the yield OF
j labor in exporting countries.
aAll this is of vital interest not only
/ to us, but to many other states. 1t rep
resents tendency toward militant ex-
ploifation and domination of commerce
| of which the whole commercial world
fContinued on Page Two)