New-York tribune., 1921-05-18
National Manufacturers Put
Out Suggestions TO Aid
Business: Friction Over
Corporation Management

Yang term credits TO foreign buy
- and the investment OF American
ssr;tal in the exploitation of natural
sssonrees in other countries, particu-
;.riv South America, were the solu-
.;ans 10 Americas foreign trade prob
,s, offered by several diplomatic and
.'.ay,r,ercial representatives of foreign
ssb;ons Yesterday at the work-trade
n"nference being held by the National
Association of Manufacturers at the
waldorf Astoria in conjunction with
tbe organizations twenty sixth an
nual convention
Ths afternoon and evening sessions
were given over TO addresses by for
";gn diplomatic or commercial repre-
ssntatives for the benefit of the 500
or more manufacturers present.
The fight on the present manage
ment of the association arising over
aIsred charges of mismanagement in
tss Namusa Corporation, a Webb
pomereae corporation, formed in 1919
nrder the auspices of the association
ard now in process of liquidation came
tn erux in an executive session. The
onnosition, led by Captain George d.
Tyerson ir.. of the American Betting
Company. Texas, Ind, and president
If the Namusa Corporation, was de-
ter,ined to thresh the matter to a
Snish. The resolution introduced by
this faction, however. was voted down
and the entire affair referred to a
committee of FIVE, to be composed of
non.directors of the association and
non-members of the corporation, to
be appointed by new president. who
will be chosen before the convention
closes to-day.
Sales Tax Favored
sales tax and the abrogation of
the national labor agreement to place
the railroads on a sounder footing
were urged by President Stephen
Mason in his annual address as con-
structive measures to aid in lifting
business from depression. Regarding
the future Mr.. Mason was optimistic.
'1n the thirty months which have
elapsed since the guns of the world
powers were silenced," he said, "every
nation has been compelled to face
disagreeable necessities and has
courageously faced them. The manu-
facturers of the United States have
been confronted during the past year
with the necessity of making an al
most complete turn around; export
ing manufacturers were confronted
with a series of distinctly novel prob
lens and experiences, ranging from
mere annoyances to imminent disas-
ters. Nevertheless, the fundamental
soundness of our domestic economic
structure and the inherent spirit of
courageous American genius have en-
abled oLs industries to meet the emer-
overcome them with less unemploy-
mani and with q hnna fAr
the future than in any other nation" !"
He advocated the spread of the
open-shop doctrine and the wider
recognition among employers of the
need of informing their employees on
the subject of business principles as
affecting their material interest, es-
pecially the relation of wages and ex-
pense to costs and prices and the ne
cessity for an adequate return on in
vested capital
The rebuilding of France, according
to Ambassador Jules Jusserand, means
the expansion of another market for
American goods. He told the conven-
ton, as the first speaker of the after
noon session, that there was nothing
vengeful about Frances insistence
upon German reparations and intl-
mated that the payment of the in
oemhily 10 france would marx big
step in advancing American trade with
the French republic.
"The recent arrangement with Ger,
many" he said, will, everybody
hopes hasten the return to normal
conditions in the world" He then
briefly sketched the present economic
condition in France.
Except for what concerns repara-
tions," he said "our budget is balanced,
or very nearly so, interest on the debt
included. Reparations for which we
cannot wait, figure, however, in the