New-York tribune., 1922-10-26
i.ish Tells Export Convcn-
lion That Politicians Have
sfuddiea; Condemns Arii-
fetal Trade Barriers

suarlAwide free trade, the tiinging
~ II tariff barriers and other po-
'.t@Y measures enacted in the last
- y, vssys. offers one solution of the
s,,,raat;onal trade problem, Sir George
~ British economsst, last night
she convention of the American
%sgsaetarers' Export Association at
Z. Waldorf Astoria. The session was.
svassd exclusively TO a discussion of
ss ,ntsY.Ailied debt situation and it's
s.sr;ng on foreign trade.
- bis address Sir George took to
~ he politicians of all countries.
he said, "have not only failed to
as,a,s sasS the world to prosperity, hut
.svs wondered readjustment still more
Iassult TO accomplish"
s'.s Tha nri,cipai difficulty in the wav
4 ma,,d. wide restoration of trade. he
=. ,sss,ted was that many nations were
trable to buy the products of other
nations because they lacked markets in
which 10 sell their goods. He feels
nat nations which are in position to
INV. sach as the United States, must
Ike the lead in making market for
a. products of other nations and thus
ngtoye their economic balance. He
saadsnned the American tariff in
Hpng terms.
Urge Study of Problem
Both Sir George and julius H..
n;nes, president of the Chamber of
fsnmerce OF the United States, urged
IL. business men to study the inter
Allied debt situation and its bearing
afereign trade. Mr.. Barnes explained
lit at present there is no crystallized
sserican opinion on how the inter
sllied debts should be handled, but
gstured the opinion that some recast-
! b Of the obligations arg necessary.
Ut seems worthy of Consideration .
| !. said, "by those who believe that a
sasting OF the Allied obligations
Esuld be considered ON economic or
seal grounds, whether more effective
I'D could not be rendered in the area
sinterest and redemption terms, rath-
/, tssn reduction Of principal. 1t will
gaa convincing story indeed to over
ars The fundamental! on n-ictions of
ls,ticans that the princip.. of an OBJ
Enhcn should be scrupulously re-
rated and far less difficult to crys-
ilize the fullest consideration, per-
hps, even to the entire remission of
s,tfest and the most generous deferred
fms of principal ipstallments."
Lewis L. Pierson, chairman of the
! ssrd of the Irving National Bank,
gesided as chairman at the evening
gson. In introducing the discussion
reviewed the banking view on the
gied debt problem as recently ex-
nssed at the bankers convention
sn, and urged the. business men TO
6ae to some conclusion on the Dues
! &a for the guidance of government
stals and financiers.
Other speakers were Gerard Swope,
Esident of the General Electric Com
Hny, and George +. Smith, president
athe Royal Typewriter Company.
Reviews Economic Situation
A. the afternoon session the eco
nsak situation of the entire world
wa Eyiewcd by Dr. julius Klein, di-
rector f the Bureau of Foreign and
Raasfc Commerce of the Depart
seat Of Commerce, land the chiefs of
various geographical divisions un-
Z MIN, With the exception of the
stern European division, all sections
the world appear to be showing
|wided Improvement at present. So
il as opportunity for American trade
i iconcerned, China seems to lead ut
sesent, they said.
Colonel Myron w. Robinson, presi-
ant of the Crex Carpet Company,
sas reelected president at business
sssion in the morning. Two new v.ca-
residents out of six were named
These were W. II. Robinson, of the ].
I, Heinz Company, Pittsburgh, and
E.F. Thomas, president of the United
States Steel Products Company, New
fsrk. The presidents reelected
were +. d. Asche, vice president of
the Standard Oil Company of New Jcr-
sey; Frank II. Taylor, president of the
s. S.s..White Dental Manufacturing Com
pany, Philadelphia, Pa; Julius Goslin,
President of Joubert & Goslin Ma
shinery and Foundry Company, Bir-
mingham, Ala, and William Pigott,
president of the Pacific Coast Steel
Company, Seattle Wash.
The convention continues to-day,
with the morning session devoted to
the ship subsidy; the afternoon session
10 the tariff, and a banquet tonight,
at which Alba b. Johnson, of Phila-
ss'2hia, will act as toastmaster. A. G..
bedford, chairman Of the Standard Oil
company of New Jersey, will be the
Sfiucipal speaker.