Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-21
Washington. .. c.. Dec. 1s.-One
contribution which the
amazing increase in our foreign trade

contribution WNlCf tu0
amazing increase in our foreign trade
thought IL that it is helping America
to know and understand the rest Of
this -wefld. With the greatest reluc-
tAnce. but nevertheless swiftly and
inevitably, America ~ growing out of
her traditional policy Of isolation
This progress seems to be along the
Path Of destiny. In the attempt to
cling to the old order the people
turned their backs upon political as
S0c1atioh With other nations. but
nevertheless our association In fact
With: these nations continually grows
more intimate.
Ten years ago a man rs great as
IClsmenaea,i,Y coming as 4 visitor from
b foreign land. would have been only
a name to I'll but the erudite few who
followed International affairs. Today
the Clerienteaus, the lloyd Georges,
hlrnos as well known to. Americans
as our own statesmen. Political de-
bate eve has become international.
iClemenceau makes a speech in Pew
York; he is answered by Borah in
Washington; Nitti in Rome adds his
rejoinder: Pertinax, the Parisiar
journalist, comments; and SO it goes.
The world has grown very small: we
have become merely the largest Of a
group of jostling neighbors.
In this awakening there Is no more
potent factor than DIR expanding
trade with other nations. The bust
ness man is bound to Goms to under
stand his Jii4rket; he cdr.not sell his
Nor is foreign trade entirely J mat
| 80 ~ vS1orchd tnAfon Il nd hfl1o IF lad
Inf. Trade also includes the invest
Ing $of money. Americans are now
buying heavily Of the securities OF
the whole world. When an individual
investor In Shelbina, Mo-, is informed
by his local bank that the. National
City Bank Of New York Recommends
Sac Paulo bonds as 9. good buy, the
investor naturally wants to find out
somsthins AboutS the city Of Sac
Paulo. And naturally he goes ahead
and finds out>about 1t.
In this work Of educating the
American public 10: economic CON
ditiofis in other, countries. the bu-
reau Of foreign and domestic co1h-
mercs takes the leading part. Its
agents cover, the whole economically
Important part Of the EARTH. The
BuGiness information they gather ID
authentic and COMPLETE. 1t is SO com
plete that at least two large 6rEnh-
iEatigns-the National City company
and the association Of rubber 1fahu-
facturers-haye dropped thsir own
foreign organizations and now rely
upehsthe government. So swift ~ the
Information In feAehftg the United
States that the bureau was recently
able TO 'seoop'' the efficient foreign
Organisation OF the Baldwin .Locomo1
tive company With the news OF the
argentine narrow-gauge railway
plans.
No Innovation wroukh. by this new
tiiafked than its method q broad
ea1tins in tins United States the In.
formation which itss agents sAthAr
abroad. Two. years ago tho bureau,
bg1i0ss IN statistical S,ln1mafieA pub-
itshed the daily %c0nsular r9pbrts.
These reports i cont6lhed misc 3tiAie
tins, and nnaAsorttA data jlst AZ they
came III through the. mills and over
the cables. Today the -ronsular .e-
ports are no more They have been
~Eieestdsd BY to.p4gs weekly mag
axihe called C1flthsfds ISiports, IL.
tractiveiy printed md bound. ihtsiii-
gently edited, and in every way com.
patdng fAvorably With the bsst 81
trade Journals.
i. g .ss.s;s,s .. nsp IT,. I; ; Wssa|y "a. ss,.
w 81 t,srsi1n Treds.s once saef,
month thS forasn agents 81 ths 81.
irt4u 1tf forAl6n aft4 domestic com
f1stSs NE .r~tiNifsdftg Aeads 81 : esh.
st3t coAditloh fspdft SntHeripx d
Idussttote NNEhtdh have k1th cars{u1ij
G~ttlshtAtsd sxpegA q tho5e. lASesi.
aAtsys to hfiSt6 out Hhe 6ofhplatS Az