Evening star., 1921-06-26
BIG BUSINESS MEN
PLAN WORLD TRADE
Commercial and Financial Leaders Of
Eleven Nations to Hold Confer
ence This Week In London.

A n earnest effort to find means
~ of fastening the restoration
n of world commerce will be
made by business men OF
eleven nations at meeting to be
held during the coming week in Lon
don. The conference is the first an
nual meeting of the international
Chamber Of Commerce, organized in
Paris last summer.
More than 200 leading American
business men are in London to attend
the meeting. The other countries
represented are: Great Britain.
France. Italy, Belgium. Denmark.
Sweden. Greece. Holland. Poland and
Ccechoslovakia.
Americans, who see in this new
world business organization an
agency that can aid in elimination
Of trade practices which cause inter-
national friction. were movers in its
creation. They set afoot the move
ment that gave birth to the organiZa-
tion by calling at Atlantic City. in
1919. the international Trade Confer
ence. Their hope that it may bring
closer international business co-opera-
! tion comes from the belief that it is
| to business and financial leaders that
| the world must look to put it's every
day affairs in working order again.
The new place the United States has
! attained in world trade has quickened
their interest in its success.
Backed by Prominent Men.
! Some of the country's best known
business men are giving their active
attention and support to the organi
cation. Such men as these are par
ticipating in its affairs: Joseph II. De-
/ frees, president of the Chamber of
Commerce Of the United States: a. {.
| Bedford. chairman of the Standard
! Oil Company of New Jersey: Harry
| 4. Wheeler, vice president of the
Union Trust Company of Chicago;
Owen ID. Young, vice president of the
| General Electric Company. New York:
/ John H. Fahey of Boston: Willis II.
! Booth, vice president of the Guaranty
Trust Company Of New York: Will
liam Butterworth. president of Deere
| & Co., OF Moline, Ill: Edward
A. Filene. Boston merchant: James S.
Alexander, president of the National
Bank of Commerce, New York; +. A.
S. Clark. president of the Consolidat-
ed Steel Corporation, New York
\ Robert Dollar of San Francisco W. A.
Hartman. New York; Alba B. John
son, Philadelphia: Alexander Legg
Chicago; Dwight w. Morrow, New
York; William c. Redfield and
Charles NJ. Schwab.
Mr.. Bedford of the Standard Oil, is
national chamber
The Americans have gone to London
with certain definite suggestions to
present to the conference regarding
restoration of commerce. The main
subjects to be considered are five in
number. as follows: Finance. trans
portation and communication, pro-
duction. distribution. restoration of
the devastated region. The Americans
will offer suggestions for increasing
production over the world. They will
point the way to elimination of in
itcrnational practices that are hamper
ing the exchange of goods. One sug-
IEeStion of the American railway group
is that there be created a mammoth
equipment pool to finance the sale of
! railroad equipment.
Held VitalIy Important.
John H. Fahey OF Boston, who is
one of the American directors of the
international chamber. declares the
London meeting is one of the most
important ever held by the business
| men of the world.
More clearly than ever BEFORE" he
says. cit has come to the people every
! where that the efficient and steady
expansion of the worlds commerce is
the greatest influence in all progress,
| and measures the degree of content
ment and happiness which men may
enjoy.
This meeting of the bankers and
business men of the leading countries
of the world. therefore. to take up
seriously the question of what they
may do to hurry the process of recon-
struction. after two and ne-half years