Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-05-04
FOREIGN TRADE
COUNCIL OPENS.
MEETING TODAY
American Foreign Trade
Will be Discussed From
Many Angles.

Cleveland. Ohio. May 4.-The
tional foreign trade council opened
here this morning with approximately
200 delegates representing every par,
and every industry in his country,
present when James A Farrell. chair
man of the council. and president OF
the United States corporations called
the drst general session to order.
American foreign trade and its
present problems will be general
topics during the four days the dele
gates are in session. The subject will
be discussed in its many varied
phases by experts of internal rev.
enue.
General sessions will be held each
morning with eleven group sessions
during the afternoons. and evenings,
the convention closing with a general
session Saturday morning The an
uual banquet Will be held Friday eve
ming.
Following an address Of welcome
and the appointment OF Alexander
Brown. president of the Cleveland
Chamber of Commerce, as chairman
Of the convention and O. & DAVIS
secretary OF the council. a convention,
sec-etarE- Chairman Farrell delivered
the opening address
The -Four Pufnm
The four U1ia points IN Nj. Far
-eii's address follow:
The necessity for al extension of
foreign credits 20 ir7Sie nations
FaraIyzd by the ~1< To bur n Amer
lean markets; revision Ct The tariff OF
d flexible bargain eEac 70 permit OF
the imposition ct penalties for dis
elimination a<z;nE American prod
ucts or the grating o. cono@sons for
their favorable treatment socEitio1
of double rzxsz1ol N order that
American inveS-szS z5Fozd may be
exempt from dc-=k5c aco0e tax to
place American 1porfeC on an
equality bass with S-zcssL French,
German and Japaae- eo@petitors liz
foreign fields: deveso1@=1- Of the
American mercantile -zra.
Fred L Kent OF the Bakers Trust
company, New York <ogzoEed Mr..
Farrell, his subject being Financing
Foreign Trade Mr.. Kent gave de-
tailed information regarding the trade
conditions Of countries in every part
of the world. with which the United
States has normally, had profitable
trade relations. He gave facts as to
the foreign trade conditions. the out
look, American opportunities. the
present day traded difficulties and wha'
can be done to help those difficulties
His recommendations agreed with Mr.,
Farrells-long time credits.
Harding's Idea Similar.
Very much the same point Of view
was expressed in the address of Gov
ernor w. p. G. Harding OF the fedora
reserve board, Washington, D. c., wht
| talked on Frozen credits-what the!
5 are and how to ithaw them"
: At the group session this afternoon
.. the same subject will be dealt will
= by Geo. r. Myercord, president of tn
! Illinois Manufacturers association, ]
+ J. Donovan of B~ellingham, Wash; F
H. Taylor of Philadelphia, and Juliu
II. Barnes of New York.
!. The export managers club of Ne1
n York will give an informal dinner to
night which will afterwards merge in
q to the group session on problems q
the export manager.
Former Secretary Of Commerr
William C. }Redfeid; Edward N. HUI
n ley, former chairman Of the Unite
States shipping board and Senate
y Walter E. Edge ofiNew Jersey, n
three Of the principal speakers schet
y uled to address the convention. Sci