Bisbee daily review., 1921-05-19
COMMERCE HEAD. SEES DANGER IN COMBINATION TO GRASP BUSINESS

NEW YORK. May Is. - Herbert Hoover. secretary of commerce, sounded a warning tonight before the National Association of Manufac- turers that combinations of exporters and importers in various countries again are seeking to dominate cer- tain trades which. if not remedied, can become a menace to world peace.
 He made a plea for maintenance by all nations of the open door in world commerce, asserting there are many growths and tendencies today that make for the direct or indirect closing of the open door.
 Hoover drew an ovation when he declared the world Is slowly making toward economic stability. If Europe can keep the peace for another year, he said, there will no further cause for American charity.
 Plea For IndiVidualism
 "I am making a plea for individual ism in international economic life" he said. Tt is surely by the indiyid- uaI growth Of intelligence, initiative and character through protected equality of opportunity, stimulated by free competition, that we may lift the mass of humanity. This system cannot be preserved in domestic life if Y must be abandoned in interra- tional life
 "This Is Q plea that the world ehorld stop. look and listen For. if the day comes when the United ststes shall be forced to enter on these courses in her own protection, it will be a day of infinite losses to real proPress md liberalism"
 We find today" he continued, that many nations are restricting development of natural resources within their boundaries to their own citizens. They do not allow citizens of foreign countries an equality of opportunity with their ows. Yet. we, and rpany other states. have preserv- od an equal opportunity with our own citizens for all naticnalities to enter on our boundaries. There is but one form of restriction with which we nave sympathized-that is with regard to labor immigration This restriction is solely that those who come within our borders to la Tor and live shall be of a type and number that will melt into our pop ulation.
 Seek Monopoly
 We find that various governments are lending influences and support to secure for their nationals in coun- tries foreign to them exclusive con- sessions over raw materials and i'm plements Of commerce. This will shut the door and close equality oi opportunity.
 We find In some countries the ere at'on of creat trusts whose activities can dominate the efforts of individ -ual merchants of other nationalities in foreign trade. At the same time we and many other states continue systematically to prevent great con .solidaticns that might dominate pro duct'on and distribution.
 We find in various countries en couragment being given combina tions and agreements between ex porters and manufacturers whose ob ject is again to dominate certain trades. We find encouragement be ing given combinations of importer: and thus the development of power tt dictate prices and the yield of labo in exporting countries.
 "It represents a tendency towar' militant exploitation and domination Of commerce Of which the whole commercial world must take notice The processes have not yet reached dimensions that make remedy impos sible. The danger of further drift il these policies is not alone a dange in the extinction of individualism. can. if it goes on, become a menac fO inc neapp Of inc world "