Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-04-09
NINTH ANNUAL NATIONAL
FOREIGN TRADE MEETING
Various Phases of Subject to
BE Discussed in Phila.
delphia May 1912.
FINANCING" ONE OF THEMES
Foreign Trnde lind Its Iurc,,t, a.,
the First Interchange OF CANINE
ditieH between Tribal CLAM.
Now yitnt Subject.

dificH Bct"ccn Tribal CInn.-J.
No" Eitnt Subject.
| The ninth annual national foreir,
| trade convention vii! he held In
! Philadelphia. Pa. May 1912 ari
| delegates viii Lc present rcprcsent
| ing the manufacturers and Kindred
industries which do an export bu.i
ness. FINANCING and Expanding
| Foreign Trade" viii bc the central
theme 10 be discussed by highly ey-
| per!cnccd men.
| Foreign trade had it's incontihn 4,
the nrst interchange of conmodI
' Ties between tribal clans I'm tho ear
| ~ days Of history. From ,riba lin
| terchangc IL grew to the interchange
OF articles OF commerce between diff
| ferent countries and Eater across tho
seas. Al this point. foreign trade
| literally became foreign commerce.
| since the very word "cotnrnnrco,
| means across the seas
twentieth century progress has
! made foreign trade a vital subi.ct
! FOR every producing and consuuiin,,
| country on the face Of the Garth
| Natnraily. the productive capacity OF
every country whether in foudstuns,
| raw materials from mines or manu-
'aciured articles from the simplest
| - the most complicated. FIRST con-
| Germs itself with domestic cousu,np-
1 ~ '
! consumption is satisfied. tho immc-
date question is the disposition Of
| whatever surplus there may DO.
Integral Pnrt or Foreign Trnd~.
II liz here that foreign trade comes
In. In tho last analysis foreign
| trade is the International inter
| changcchanEc OF commodities form
inE part Of surplus production. In
| this connection IL must be kept
! clearly In mind thnt tho Importation
| Of raw materials and finished prod
ucts is as integral "a part In foreign
| trade AK Is the expectation OF raw
| and finished products
| Prior To the great world war. the
| United states participated in what
might he termed spasmodic foreign
trade In number uf raw ma
tcrials and in "A few manufactured
| products, foreign trade was we'll ad-
| vanccd. albeit attended by many in
| convcnicnccs Of salcsmanship ship
PING and financing. Almost overnight
this situation changed. World xar
conditions created an enormous de-
mand for virtually everything
grown. mined or made In IN" United
States. Literally tho nation was
! forced into AN expanded wartime
condition Of foreign trade. mer-
chant marine WAS brought into
! "NlStcnc" by productive enterprise
which staggered the understanding
| OF the world. and the country pros
| p.r,d amazingly. =
| The end az ihc war appeared at
nrst likely 10 cause little interrupt
| ton To this enormous new born for
cign trade. Later. however, the pc
| riod OF d-nation set In and the for
cign trade Of the United States
shranh as quickly AS II grew.
But the problem now confronting
| the country "a "A whole is the steady
expansion Of this foreign trade on
| sound economic foundations. This
process Is well under way II VIII
b. continued The rehabilitation III
American foreign trade brings with
| 1t the opportunity 10 place the
! United states so far IN advance OF
any other country In its commerce
with The nations of the world that
never again viii there be chance
for another country to usurp it's
| place.
Important to Every Section.
In this rehabilitation. the most
| important factor to be demanded Is
that the work is country wide in it's
application. No producing nor manu-
/ featuring community in the United
states can afford to hc so sclf-ccn-
tered as To Ignore foreign trade. u
/ is pcrtnCtly true that there arc
large number of ccntcrs which cam
rot. in the very nature of things, Ill
rccilv participatc in either tho I'M
purtation or the expectation Of their
! products to countries beyond the
seas but in tho case OF manufac-
| turing community in jhc Eastern
part Of the United states which is
| enjoying commercial relations with
n foreign country. the very fact that
products are taken away from that
community for shipment beyond inc
seas creates at once a demand for
other products which must he hilcd
by importation into that community
/ from other parts of the United
states.
/ II. for example. community IN
pennsylvania exports great quantities
| Of steel products to countries ne
| yond the seas, IT argues the pres
encc OF n manufacturing citizenship
whose time and energies are devoted
particularly and exclusively to the
! Improvement Of that line OF induS-
itry Hence that community becomes
a notential customer to other parts
| of the country Interested In III"
growth Of foodstuffs and the manu-
facture OF articles for the creature
comfort of the people and since the
pnnnsviyan;a community IS lacking
| in onnortuujty to produce these
nccdea foodstuffs and creature COM
| forts the vacuum must he hllcd from
o,ber parts of the United states.
So Indirectly. foreign trade reaches
every mart of the country ana the IN
Iternational interchange OF comho"'-
tics forming part Of surplus produc-
lion annIics in every lin; lndus
~ and production throughout inc
United States.