Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-01-02
u. S. THREATENED INDIA
WITH FINANCIAL RUIN
Fcar of Retaliation Caused Eng
land to Suppress Jutc Protitccrs
During the War.
BUSINESS MEN TO MEET
Next Few Months to Sec Gathering
With Purpose of Formulating
Plans to Combat Foreign In
trigues Against Nations business.
B1' noi,laRT j. BiaNDEn.

United News siam Corrcsp"mdcnt.
war the american government
threatened to wreck the financial
foundations of India IL Great Britain
did nor use her influence III obtaining
more favorable price Cor ju;c. used
extensively in the United states.
Ii was plain--aud elective
threat OF retaliation made by the for
ciSn mission OF the war industries
board despite the fact that the word
'retal.ntion." is considered extremely
harsh in diplomatic circles, but en-
ployment OF the threat at that time
changed the mind IF the British Ecr.
eminent. previously dead set against
interfering with the cNorbitant jutc
prices demanded by her Indian pos
session.
mat there should bc an institution.
properly equipped and With the
necessary authority Tor extending
such threats In event OF future for
against American trade. is the heller
OF number OF leading business men
and Chambers OF Commerce, who ARE
n"w discussing such a project for fu-
Tentatively the organization would
comprc mend volunteer association
OF leading Industrial Chicft@inS oi
the nation, with The chairman OF the
Senate Foreign Relations Committee.
the chairman OF the House Committee
on Foreign Affairs and tho Secretary
Red Tnpc Won, DO.
IL would II" subject 10 call for adj
vice en- occasions when situation
arose il. international trade relations
that had passed beyond the carefully
guarded and oNcrTCiatinGly tradi-
tional methods OF dlplom1c! as prac-
t!ced via the state Department and
American ambassadors and ministers
in foreign countries.
IL would, in a word. he conceived
wi.h the iwo-fo.d purpose OF ciiInin-
atinG the possibility OF discrirniua-
tory or other Objectionable practices.
pn;h as regards this nation and for
some, such practice VAS persisted in
bS' foreign country. American bust
ness would rotai!ate in kind Its de-
cions and recommendations would hc
those of American business. hut would
re communicated officially through
usual diplomatic channels implying
government sanction.
How it might work i. Illustrated
ey Leland l.. summers, OF New York
ioriner chairman OF the Foreign Mis-
sion OF the War Industries board aud
one of the leading experts on tn"
Ah.e r!can Economic Mission Al the
Peace conferences. Summers illus
s sra'ss win The jute incident, de-
"Jute; produced practically exclu-
sivc!y IN the Indian Empire" said
unjustitable prices Tho cnorts 10
get far price on this commodity
rom '"'"r"E Tesnl'ef in an answsr
hrvuSh our state Department: that
the british government had made
e rpm%Ssnt l!9Ms "a the lnG;an. gov
cure III, necessary relief.
India sole .In,r source.
~, ne indian government, above
producer Of juie, and the t,n.tcG
SSiates was the largest consumer.
ihsrc .', II was easy to demand and
90 Src"fc thc prices asked.
irut one OF the most inportnrt
nrens ni India was the purchase OF
american SILVER TO support the lndiaa
currency and II did not therefore r.,
cure much intelligence on our pnr,
!" nuYiS" The british war cabinet thst
~ We !nd,an Emnire, IN time of war
Mas not under control of the IunarIal
empire. as had been Indicated In IN.
matter 81 Jute. II was absurd for the
tnitHd Giaies government to tender
"N SILVER to sunport the Indian rupee.
f1r better To cease supporting
lA!S currency aud 10 aSSaiI tn, run..
IN Inc markets Of the world ana th.r
c "Hy eur s,,f IuiS !" resp'tns DEERE
MISSION !Hade j, veyy plain that tn.s
Hohid oc an act OF r.taliatlonS There
Is no Word ,h%t has more convincing
10 state that the decision In rcg,,rI
10 Jutc WAS amended
lntriSurs Developing.
moss dovcIopinE !,fERe wGrld Ti ~ rvS
against American sradc. is the bcls.f
ni summers and Nose. working with
nm y, on the proposal 70 creuic :! sor;
land. ''''H
,, md IL, The reason for This. these bust
there is not sufficient iutclligent con
siderauoI. win AN eve 10 tic future
Oh problems concerning trade
summers personally Illustrates fhfs
h"!.t D! reference 70 the tariG Dll
5usi PASSED hy The House Of Repre-