New-York tribune., 1922-04-28

the A. N. ?. A. committee on labor has
been negotiating with the unions over
tho question Of including in any agree
nent a clause stating that all disputes
not conciliated shall be subject TO
arbitration. thing to which the
unions object.
This matter has been n bone Of con
tention. according to association au-
thorities. because the printing trades
unions insist on removing from tho ar
bitrable category their international
rules. Some Of these, however, tho
publishers feel have more than local
application, particularly the rule con
corning rcsettng rates, an1 conse-
quently cannot be regarded as proper
matters to be subject only to the
unions' decision. The stand on tho ar
bitration question that has been main
taincd by the labor committee during
the past negotiations. therefore. WAS
indorsed by resolution Of tho convcn-
tion yesterday, which further author
lied the committee to conclude an
agreement in which thero shall be no
restrictions regarding any point at is
sue, all Of which shall be subject to
arbitration.
New Labor Division Created
A division Of opinion within tho
ranks Of the association. between tho
members who maintain an open shop
and those who deal only with inc
unions, was smoothcd ont yesterday
afternoon by the creation of an open
shop division Of the association. All
the funds hitherto subscribed by NOM
bcrs for the standing committee on
labor have been used in dealing with
. Il Iva ,rl,
ers have felt, it is said, that their ii,-
terests were not sufficiently cared for.
The new division is designed to be er
aid to these latter, under the definite
understanding that it is never to be
used merely ms a strike breaking or
ganization.
No apprehension need be felt by
members Of the association concern
ing a paper shortage in The event that
the threatened paper mill strike takes
place, declared +. r Adler. chairman
of the paper committee. All that the
members will have to do is to tele-
graph thc associations New York
office. which will put them in touch
with ample supplies.
Rlames Foreign Trade Collapse
at is my conviction that the cause
of our business troubles is to be found
in the collapse Of our foreign trade"
declared Senator Gilbert NJ. Hitchcock
of Nebraska last night at the dinner
given to visiting newspaper publishers
by the Bureau Of Advertising of the
A. n. p. A. at the Waldorf.
II feel also that the way to re-
establish international commerce is
for the nations of the world to do IN
the international field what each has
done in the domestic field. namely,
provide a system Of credit upon which
international commerce can be carried
on, instead of attempting to do it a.
now. practically on a cash basis" he
continued
This was the object he had in view,
said the Senator, when he introduced
into Congress the proposal to establish
a bank of nations. which would finance
international commerce by the pur-
chase and sale of bills of exchange. the
lending of money to exporters and i'm
porters and the issuance of the "in-
ternational dollar" backed BY the
pooled gold contributions of the mem
Der nations.
SeymourL. Cromwell, president Of
the New York Stock Exchange. told the
assembled publishers that legislative
regulation Of the Exchange is unde-
sirable, because it would require
brokers opening their books TO ex-
animation. where as clients accounts,
showing how men are using their
money, should have the highest privacy.
Laws will do no good against "bucket-
ing he said. because measures drawn
now cannot cover future conditions
The best thing is to let the Stock
Exchange draw UP regulations to
stamp out The "bucket-s shops" and to
protect thc s mall investor. as it is
doing now.
About 900 guests were present at the
banquet. William A. Thomson. director
of the Bureau of Advertising, was
toastmaster. The committee in charge
of tho dinner included William F. Rog-
ers of "Thc Boston transcripts" Harry
Chandler. of "Thc Los Angeles Timcs;"
Howard Davis, Of The New York Tri-
bunc;" William Findlcy, Of "The To-
ronto Globe;' y. d. Moore. of "Thc
New Orleans Times Picayunc;" Flem-
ing Newbold, of "The Washington
STAR David b. Plum, Of "The Troy
Record;" Louis Wiley, Of "The New
York Times" J. B. Woodward, Of "Thc
Chicago Daily News and Lafayette
Young jr Of The Des Moincs CaDital"