South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-04-28
ASKS COOPERATION
WITH ALL NATIONS
Industrial Agents Address Ma
tiOnal Convention Cham
Der of Commerce.
By Associated Press /:

! ATLANTIC CITY, n. J., April u
The United States cannot afford
to isolate itself from the rest of the
world but must cooperate with
other countries on a "non-pOlitical
basis" to restore stable business
conditions, A. G. Bedford, chairman
of the board Of directors of the
Standard Oil Co. of New Jersey, and
Willis P. Booth, vice president OF
the Guaranty Trust Co., New York,
told the United States chamber of
commerce in annual convention here
Wednesday night
They pointed out that American
business cannot find a market
abroad for it's surplus products as
long as there are unsettled and alb
normal conditions in the world.
Mr.. Booth urged that the United
States cooperate with the allies in an
effort to settle the indemnity ques-
ton with Germany. He further sug-
gested that payment OF the allies
Indebtedness to the United States be
postponed for period paralleling
the indemnity settlement.
THE future OF American great
ness in foreign trade" said Mr.. Bed
ford depends upon our ability to
think and act internationally"
Cast Lot With World.
I'VE have always found il posi-
BILE to employ most of our money at
home" he added, but the invest
ment markets of the world know no
boundary lines. and in the future
the opportunity of the American
merchant and manufacturer will lie
not alone in promoting his trade at
home but in casting his lot with the
business men Of the world to pro-
mote the building of industry the
clearing up of the waste places of
the world. the making fruitful of
the barren fields, and OF training ma
ture to become, more than ever. re-
sponsive to promoting the highest
welfare Of mankind
America has to face today the
dilemma. on the one hand, of pro-
noting our foreign export trade.
and, on the other hand. Of making
IL possible for the world to hquidate
the financial balance which now
stands in our favor"
Mr.. Booth, who recently returned
from Europe..-where he attended a
meeting of the board OF directors
after the international chairman of
commerce, said the program for put
/ ting American business on its feet
should be as follows:
Cooperation if practicable on
non-p olitical basis with the allies
and Germany in settling the indem-
nifty.
"Postponement OF payment OF
allies indebtedness to us for a pc
riod pararellng the indemnity set
dement's.
Further considerations to these
! indebtednesses can be given when
the economic situation throughout
the world Is clarified.
Urges Permanent Policy.
Carefully and constructively adj
Just international trade relations SO
that we may become, as far as il ie
practicable. a buying and a selling
nation.
Educate our people TO think in
ternationally, realizing our new role
in its non-political aspects, in the
hope that by such education we may
develop experience and information
which will be the basis of such ma
tional courage and judgement as
will be necessary for the proper as
sumption of our international re-
sponsibilities.
Establish a permanent national
policy under which our flag. stand
| ing for the power which comes from
fairness and right, shall protect
American and legitimate American
I interests about the globe"