Arizona republican., 1921-04-04
Forei,n Trade Corporations
 Filling a Commercial Need

, la, Mexico, Japan, France and Bel gium = and find a market for them They have the same problem of what to do with them as the young men in the desert have solved
 There is no doubt as to the perma-
 nent credit of the world abroad. To make any other assumption would be stupid
 Also, unless the trading strain has entirely disappeared, it is certain that l Americans can find profitable mar
 kets for what they take in exchange
 for what they send
 The real explanation of the recent
 decrease both of American exports
 and imports is that people have not yet adjusted their minds to the neces-
 city of granting adequate credits and developing markets. The United | States grew into the position of d great exporting nation i'll the five years of the world war and the two
 years immediately following, but 1t
 neither gave long term commercial Il
 credits nor attempted to accommo-
 date customers who wanted to trade
 goods for goods. It didn't have to;
 it simply speeded up produeaitno,
 turned out what the world was clam
 bring for, put it on the docks and
 said to foreign buyers:
 | Come and get it; and bring the
 cash to pay for it.'
 Now ancient rivals (Britishers.
 Frenchmen, Spaniards-yes, even the Germans) are recovering from war l prostration and are re-opening their l trading posts all over the world. They
 know they must trade, grant credits and help distribute what the people of the world have for sale. They are
 getting their merchants and manu- lecturers and bankers together in CO., operative organizations for financing
 world trade.
 America must do the same. The ne- } cessity has been made plain to those : immediately interested; and the way
 has been prepared through construc- : tive legislation. More than two years ] ago anti trust laws were amended tc !, permit American manufacturers tc 7 combine to finance export sales. i> 2 December, 1919, the federal reserv, l act was amended by the Edge act tt permit bankers and business men tt l organize corporations for granting o e long term credits to solvent buyer q of American products.
 T Though the average American i : still somewhat indifferent to the i'm 1 portance of foreign trade the natiol
 1 IS dcludHy ktllitlS way Wit . modern machinery of foreign trade financing. This is illustrated by tn :. nation wide sale of the capital stoc :. of the latest and largest Edge ac , corporal Foreign Trade Eli ! nancing corporation. Thirty-tw ' prominent men, representing every
 section and interest of the countr, |. make up it's committee on organiza II ,i tion- Their appeal is direct to tn = average American, the man who ha ' not forgotten entirely the tradition :. of our country.
 = When the new corporation is oper
 to handle a considerable proportion C '. the credits demanded by exporter ? In 1919, America sold abroad fou :. billion dollars worth of goods nor 2 than it bought; in 1920, the balane :. was just under three billions, fo | imports jumped well over a billion :. Ultimately, the Foreign Trade Fi : naneing corpora ton expects to hay = available over a billion dollars I credit
 Such devices as the Edge act cor = porations will solve the American in = ternational traders problem. The . must have the support of the peopl for only from the people can com
 the money which they must raise f l. carry the American seller and tn A solvent foreign buyer, and to set u .s exchange facilities through which tn a world can find markets for it's prod
 uets.