The New York herald., 1922-05-12
SEES RUSSIA EAGER
TO DIG up MILLIONS
G. j. Warren Tells of Buried
Gold' to Be Exhumed When
Business Is Safe.
TALKS ON FOREIGN TRADE
National Convention Told of
Obstacles to Z. s. in For
eign Markets.
TALKS ON FOREIGN TRADE

PHILADELPHIA, May 11.-Millions OF
dollars are "buried" in Russia and soon
may be utilized for trading. c. j. Warren
Of the Remington Typewriter Company,
New York, to-day told delegates to the
ninth national trade convention. AS
soon as they feel assured that when they
produce the money it will not be taken
from them and If they use it to purchase
goods the goods will not be seized they
will "dig it up" the speaker declared.
The buryng OF gold was an old custom
in Russia, Mr.. Warren said this method
OF disposal being considered safer than
banking it.
Prediction that Soviet Russia would
soon undertake to return gradually to
a capitalistic Government was made by
Mr.. Warren. who recently returned from
an eight months trip through central
and western Europe. This opinion, he
said. was based on conversations with
Russians.
Practical problems OF exporting came
in for consideration at the group meet
ing to-day. These dealt with sales pro-
motion, ocean carriage. maritime insur-
ance and discussions of markets abroad.
To Increase Trade Abroad:
American trade cannot be developed
as it should be until the thousands of
American manufacturers operating
moderate sized plants sell abroad di-
rectly in such manner to Keep their
plants operating full time throughout
the year, Jarvis c. Mason of the Ameri-
can Surety Company. New York. told
the delegates attending the group meet
ing on sales promotion.
1t is long way from Ohio to Argen-
tine, he added, and salesmanship Is
likely to meet obstacles. particularly in
the case of smaller American export
firms that are not so well known
abroad. To overcome these he advo.
Gated the use Of surety bonds guaran-
teeing the purchaser that the American
firm will execute all terms of the con
tract.
Germany has failed to regain her
South American trade, declared +. Dc
st. Phale of the Baldwin Locomotive
Works, Philadelphia. After the war, he
said, Germany made a concerted effort
in South America on its former prestige.
However," he declared, "South
Americans while they do trade with
Germany, have experienced many dis.
appointments in late deliveries, inferior
SOouS anu ItccHliy ny luCTedSeS III III
voice values OF accepted prices. All o!
this tends to bring about greater con
sideration and better feeling towards
the United States"
Women as Delegates.
Women delegates, of whom there are
about thirty, made their first appear.
ance before the convention to-day with
Miss Lucy A. Goldsmith Of New Yc-
as spokesman. Miss Goldsmith mas
been export manager for a New York
firm for sixteen years.
Individual problems of American
manufacturers were discussed tonight
In private conferences between the dele
gates and the more than 100 foreign
trade experts from industrial concerns
and the Federal Commerce and Consu-
lar Service. who constitute the conven-
tion's trade adviser service.
Several hundred delegates submitted
questions affecting their export bust.
ness, and for more than four hours
these were answered. The quest ions
covered such matters as exchange, sales
and distribution, transportation, patents
and trademarks. foreign tariffs and
others.