Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-06-21
CLOSE CANADIAN TRADE
RELATIONSHIP URGED
MAdams, i'll Addressing New
York Financicrs, Points TO
Near Ncighbor.
MOULD PROVE MUTUAL AID
Frrsidcnt of American Bnnkcrs Az
>o"intion Would Tear Down Tn
natural barrier to business De-
tween Two Great Continents.

Especial 10 The Times Dispatch.I
LAKE PLACID. y. y, June 20
Thomas IL. McAdams. president Of
the American Bankers Association.
speaking today before the annual
Convention OF tho New York bankers.
advocated closer reciprocal trade re-
latons between the United states
HHi Carada aud broad minded
p'-itre-sh'p for the development of
n'@t"ai hrsincss relations.
MIR. Mc.idIms spokc in pa; ~ fol-
lows:
when We speak OF foreign trade.
fhat portion of our commerce which
DGSorbs our surplus production and
through its development gives in
creased encouragement TO the
E:rw:h or American industry and
ngriculturs--aro we not too apt 10
look FAR ancid. TO consider /; Amos,
entirely In terms Of what Europe
eai tnc Orient can absorb. and Under
present conditions par FOR? 1t seems
20 nae 10 can AT thiS time With pro-
pr!ety give careful consideration TO
ahoso countries near AT hand and .y-
hiIHato what advantage Will accrue
from tho development OF "A close com
In"rcial alliance with ;1ic growing ma
lions to tho North and South OF u.
on this great American Continent.
Especially. at this time does this
Wrought apply with seeming force To
the ENCOURAGEMENT OF closer working
'cla,ions with Canada-our neighbo-
30 tho North--se from us by
2. rn invisible barrier, whoge pcop,n
speak our own language and who
are stimulated by the same ideals
the same liberty loving sentiments.
'he same underlying business crccd>
"a those which are fundamental to
prosperity In the United States.
Should Deal More with Ncighbor
Why should II not b. possible to
cticlop 4 trade relation with thcsc
sympathetic friends. which through
ont the years VIII prove profitable
Tom t..iars and cents standpoint
: aHf especially rich IN tho cultivation
q. friendship and the STRENGTHENING
e: the natural commercial and Imam
car interest w. each have in III,
Others wcI'arc7
II would seem desirable a. This
time. when both countries are cmcrE-
ing from IN" aftsr-war uphcaval
ana when ths trade routes o. the
world are being reconstructed. to
STUDY !ntcll,sertly the general qu.s-
tl"n Of reciprocal relations whirn
received its original impetus DURING
the administration Of Mr.. TAFT, j;n-
Nu.s'"n"hlE changed conditions
max" ucccsaSry notifications ~ "a.
"r!slna! suggestion. but tho. do no,
IN an" va" AFFECT tho desirabili,y OF
m""lnE ~ once .,c.ts-ai Inalyyis OF
&'he whole situation that som. plan
n'ay be worked ont which Viii bring
IN r'oplcF 81 these two great Eng
iirh-spcabiuc nations closer toc.ttc,
socially ana commcrciaHy ,hat Nal
m"N each ia the future play = greater
part In tho development OF III. otb
era activities.
Herr Protests tn Con,pctitIon
W" hear protests against :. .uc-
rcS'ion based upon the competition
A
ana American wheat coming into
competition with each other ana M.
:. icci.nS Tie respective loca! markets !
Whether or not thcT. be :. rcciprocaI |
treatment OF each others products. i, !
Is inevitable tina, such portion OF |
t"nhda's production Of 800 900 o0n |
bushels Of " heat a. may not he need |
ca Tor NON" consumption viii come |
M" direct connection with m.
h''"" states ar supplying the food |
ocmHud OF N" world There l.. iuS, 4
so much wheat and the price mt
MN, nH7t be affected by Che total |
available FOR consumption
rs both countries produce a sur.
. pius and a. upon us Jointly a, prcS. |
~ cit there ~ the burden Of suppivinr |
the markets of the world. Is il no, /
Reasonable TO assum. that a vortinr
asr,tment between Canada and the
United states for the world SUNNY
q! wheat and other agricultural com.
m"ditl"s could be made suillcicn,ly
profitable 10 offset many times any |
temporary effect reciprocity nigh, |
have upon our local markets
Furthermore, just as The indus.
trial activity OF the two countries
Is larseiy dependent upon Tie sta
billy ana prosperity of agriculture
$50, too. in their turn arc the nro,ts
on ricuiturc affected 10y the OK. |
'cht l" which men are actively en-.
pioycd in the daily routju. or i,In.