The New York herald., 1922-05-15
1000 LEADERS SEEK
FOREIGN TRADE GAIN
Business Men to Meet To-day
at Call of Chamber of Com
merce of L. s.
pecioi Dispatch to THE NEW YoRK HEsALi
New York Herald Bureau.
Washington. ID. c., May IL.


Washington. ID. c., May II.
In the hope of arriving at national
commercial policy to core with unsettled
and 5000 OF the fore most business men
of the country win meet In Washington
tomorrow at the cali II the Chamber
OF Commerce Of the United states The
outlook in Europe particularly Is to be
discussed with ,iesg n erearmg con-
ejtion In whiri there may be better
market for American products
The speakers for the meeting Include
Secretary Hughes. Secretary Hoover.
Albert ID. Lasker, chairman OF the
United States Shipping Board. Arthur
Balfour. vice-president Associated
Chambers of Commerce OF Great Brit
ain; DR.. J. c. A. Everwijn. Minister
from the Netherlands Senator Carter
Glass (va.). Senator Howard Suther-
land CIV. Va.). Dwight w. Morrow Of
j. p. Morgan & Co James r. Howard
president American Farm Bureau Fed
Grafton; A. C. Bedford. chairman of the
board of the Standard Oil Company OF
New Jersey; Julius Klein. chief Of the
Bureau Of Foreign and Domestic Conn
merce. and Sllas II. Strawn. chairman
of the board Montgomery Ward & Co,
Chicago.
The work will be done in general and
group sessions, but there will be seven
general sessions for the. discussion OF
international problems affecting Amer
ican business. In the group sessions
finance, foreign trade, manufacturing.
merchandising. raw materials, insurance
and transportation will be considered
nhofo oil To 10 L. ~
unsettled relations OF capital and labor"
says a statement of the chamber "Ob-
viously strikes affecting such vital in
distries as the coal and Transportation
Industries choke the progress of the re-
construction. Difficulties Incidental to
the application of the eight hour day in
commerce and industry have played
part.
Communist activities have more
nearly approached the field of political
Instability than the field of labor trou-
h,es. Wage controversies, wage infia
tior and low production of workers have
lir1itcd output made for high prices
aid generally interfered with trade.
'Slowness In rebuilding and In bring
fng back into operation various kinds
ot production equipment in the regions
devastated by war has been another OBJ
vious factor in hindering the production
of wealth, on which credit and the ex
change Of goods could have been based.
This delay In part has been at
tr,butable to, the slowness of the legis-
'ative and administrative branches OF
governments and in part tn the hesi-
tancy and lacx OF organization of the
producers. and undoubtedly in part tn
,!,e inadequacv of credit facilities and
10 the inflated values of equipment and
SUI plies. Here as elsewhere In condi-
lions in the world following the war
there is wide range of interlocking
causes and effects.
High prices have occupied thei'
T:ace among the obstacles to the res
tofation OF business between Europe
and the United States. Initiation in
urices on the part of our American
merchants and imitation in prices or the
part of the merchants of European
cc.intrics have seriously interfered with
business"