Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-05-13

Little boys are prone to gather
in street corner groups either to
fight themselves or boast of the
fighting prowess of their elders,
1t is a feeble lad who never has
told another that my father en-
lick your father" and all of us,
at one time or another, have said
or heard: "Oo-h, but y'oughta see
my big brother fight"
For those Americans who believe
the United States can maintain its
world supremacy in commerce
without being challenged, and for
those who point with pride to the
developing financial muscles of our
foreign trade corporations as Nigh
/ ty enough to cope with all corners,
| 1t might be we'll to paraphrase the
big brother sentences and say:
Looking at the Other Fellow.
Ooh, but y'oughta see what
England and Germany are dom"
Those countries may not be big
| ger than the United States, but
from the viewpoint of commercial
knowledge they certainly are older
and wiser, and there is no doubt
that they know how to fight for
| foreign markets.
They fought with skill and
| strength before war, and now both
! countries are going through figur-
alive Setting up" exercises to re-
store such of their skill and
strength as was lost during the
years of conflict. As matter of fact.
| loss this was not great. Authority for
such a statement is p. Harvey Mid
dleton, assistant manager, interna'
| tional trade department, Guaranty
| Trust company of New York, who
after a special study of the foreign
| trade organizations Of the two ma
| tons said:
VERY few American business
men realize, except in a Vague way,
Just what wonderfully perfected
machinery for international trade
Great Britain now possesses. No
comprehensive survey of the Brit
ish network OF associations, combi-
nations, monopoiies, banks and
governmental departments SO in
| geniously constructed for the cap
ture of trade in every part OF the
| world. civilized and savage, has
heretofore been published. "
Germany Still in Race.
| Germany is still q perfect IN
dustrial machine, running at low
| speed. it is true, but unchanged
as vet in its vital parts, and would
| respond readily to any stimulus.
TO give only a mere outline OF
the systems by which England and
Germany operated before 1914
would require thousands of words.
Suffice it to say that their central
| lied credit facilities. their accept
| ance houses, their discount mar
| kets. their mercantile marine anu
their investment trusts all were
| utilized to further the work OH
trading agents and branch houses
| in all parts of the world, TO such
purpose that they were world lead
| er5. ~ -.
Not content simply with restor-
| ing pre-war strength, ooth HleaI
| Britain and Germany are proceeu
ing with carefully planned deVei-
onment of their old trading DEVICES
and well thought out new ones
That is the point which is beinS
watched by the men who are eager
to see the United States MAINTAIN
the position 1t won during the war:
what new moves are being contern :. ,
plated by these two great rivals :
British Agencies Formed.
Eight important English lor-
eign trade agencies have been or
ganized since 1917, with large cap
| italizations and proposed scopes oil
operation which cover the glope'
| For instance the British Trade cor
poration with an authorized capt
| tai of $50,0O0,0OO and a pald-up
capital of s10,000,000, accordlns
to Mr.. Middleton, has joined III
the formation of a South Russia
Banking agency, has invested IN
| the Portuguese Trade corporation.
the Anglo Brazilian Commercial
and Agency company. and In the
Levant Company, Ltd. The latter
| organization has branches In Con-
stantinople, Batoum, South Russia
Serbia, Rumania, Bulgaria, Bag
dad. Greece. Egypt and the SUDAN
1t Is not difficult to recognize
| England's plan to capture certain
of Germany's pre-war markets IN
the investment in Portuguese and
| Brazilian companies. Another cor
poration designed to open new