Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1922-05-13
National Foreign
Trade Convention

WAYS OF developing foreign mar
kets 1or American goods, setLlng ldle
industrial plants 10 work, ana idle
snlps IN MOTION, thus enolng unem-
plOyment ana business stagndtlon Ill
the united states, are the concrete
problems TO be discussed at the Ninth
National Foreign Trade Convention
IN Philadelphia, May 10th, 18th and
18th, when the besV business brains
and experience OF the nation will con-
centrate on these questions.
The Federal Government will be re-
presented through the Department OF
| Commerce. Whether Secretary Hoover
will be present IS uncertain, but the
Department will have large num-
| Der OF its best executives and experts
at the convention. Many OF these Will
come direct from their posts abroad,
and thus Will be able to give up-to-
minute and hrst hand information on
foreign trade matters.
Governors of a large number Of
states, recognizing the important Ell
! feet the convention is certain to have
upon the industry and commeroe Iof
their communities, will be present or
represented. Governor w. G.. Sproul,
of Pennsylvania, will be one OF the
speakers at the banquet which closes
| the convention.
Every delegate will have the bene-
| fit Of personal advice on his own prob
! lens, form more than one hundred
Foreign Trade Advisers, who will be
present. This has been one Of the
most important features of previous
National Foreign Trade Conventions.
This service is free and given by hard
headed, practical men with long eX-
perience in every angle of foreign
trade. Theorists and faddistS have
no place on the convention program
Presentation of practical subjects
by practical men is feature OF this
convention, which will appeal to every
one. Between four and five tHusand
delegates, representing the industrial
agricultural, commercial, financial
and shipping interests of the nation,
are expected. They will not listen to
/ long essays with rounded periods, but
to plain talks by men of achievement
on how to bring prosperity back TO
the United States.
Financing and Expanding For
eign Trade" Is the basic theme OF the
Through Greater Foreign Trade" is
the slogan sounded by James A. Far
rell, President of the U. S. Steel Cor
poration in his call for the convention
The big problem before the conven-
/ ton is how to sell abroad the esti-
mated twenty per cent surplus OF
American farmer, manufacturer,
shippers and worker, and business
stagnation and employment.
As one of the practical means of
financing foreign trade insistence Will
be made on the incorporation IN all
foreign loans hereafter negotiated IN
this country Of an absolute condition
that all or large part of the pro-
ceeds be spent here for American
goods, thus aiding American produc-
ton and ending or minimizing idle
ness Of plants, ships and workers.
Another method OF providing means
to finance foreign trade that will be
stressed Is the employment OF the
huge gold surplus accumulated IN the
United States as a result of the World
War. This will be discussed under the
title of "A Practical Method of Put
ting Our Surplus Gold TO Work in
Financing Foreign Trade" The dir
Get Importance of this policy to gen
cral farm products, cotton, manufac-
: lures, and the foreign trade of the
nation will be pointed out.
Ono Of the gen,SSl sessions will be
devoted to taXauon and currency
, questions. The Effect of High Tax
alton on the Exchange" The Factor
1 of DEPRECATED Currency in Compe-
, tition,' and "Why We Must Have
Foreign Trade" are the subjects.
a Foreign Trade Policy for Am
orleans" by President Farrell; Meet
Preferential Tariffs" and Factors
! that will Help the Exchange Situa-
tion," are scheduled for another gen.
eral session.
: Topics covering every phase and
angle Of foreign trade from the view
- point of the manufacturers, the ship,
per, the banker, and the exporter and
importer will be taken up at the
group sessions,