Arizona republican., 1921-05-19
HOOVER DECLARES WORLD
 IS GRADUALLY RETURNING TO ECONOMIC STABILITY
SECRETARY OF COMMERCE TELL 2 MANUFACTURERS THAT COMBINA- TONS OF EXPORTERS AND IMPORT FRS THREATEN TRADE
IRepublican A. p. Leased WireJ

NEW YORK, May 1S.-Herbert Hoover, secretary of commerce, sounded a warning tonight before lecturers that combinations of ex- porters and importers in various countries again are seeking to domi- nate certain trades which, If not remedied, will become a menace to world peace.
 He made a plea for maintenance bv all nations of the open door in world commerce, asserting there are many growths and tendencies today that make for the direct or indirect clos ing of the open door.
 Mir. Hoover drew an ovation when he declared the world is slowly mak- ing toward economic stability. IL Europe can keep the peace for an other year, he said, there will be no further cause for American charity. q am making a plea for individu- alism in international economic life, he said. Tt is surely by the indi- vidual growth of intelligence. initia- tive and character through protected | equality of opportunity. stimulated i by free competition, that we may | lift the mass of humanity. This sys- tenn cannot be preserved in domestic
 life if it must be abandoned in inter
 national life.
 This is a plea that the world 1 should stop. look and listen For.
 if the day comes when the United States shall be forced to enter on these courses in her own protection
 1t will be a day of infinite losses t., real progress and liberalism
 We find today" he continued
 that many nations are restricting
 development of natural resources
 within their boundaries to their own tcitizens. They do not allow citizens
 of foreign countries an equality Of
 opportunity with their own. Yet we.
 and many other states. have pre-
 served an equal opportunity with our
 own citizens for all nationalities tO
 enter on our boundaries. There is
 but one form of restriction with
 which we have sympathiZed-that is . with regard to labor immigration.
 This restriction is solely that those , who come within our borders to labor
 and live shall be of a type and mum , Der that will melt into our popula . ton.
 We find that various government
 are tending influence and support [, secure for their nationals in coun tries foreign to them exclusive con. :, sessions over raw materials and i'm l plements of commerce. This vii s smut tHe doOF ana close equality O opportunity.
 ? We find in some countries fh,
 creation of great trusts whose activ- ities can dominate the efforts of in , dividual merchants of other nation
 alities in foreign trade. At the same
 time we and many other states con
 tinue systematically to prevent grea- consultations that might domina tt production and distribution r We find in various countries en- couragement being given combina , tions are agreements between export s CTS and manufa facturers whose object ? Is again to dominate certain trades f We find encouragement being giver : combinations of importers and thu. a the development of power to dictate
 prices and the yield of labor in ex- , porting countries.
 Tt represents a tendency towarf
 militant exploitation and dominatior :. of commerce of which the whols commercial world must take notice The processes have not yet reaches r dimensions th' make remedy impos- | sfble. The danger Of further drif- l in these policies is not alone a dan f ger in the extinction of individual e ism. It can, if it goes on. becorn,
 a menace to the peace of the world