Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-04-23
FOREIGN TRADE MEETING
OF UTMOST IMPORTANCE
United States, Because of Re.
sources, Is Logical Leader
in Export Trade.

PHILADELPHIA. April 22-"Fi.
nhAcins and Expanding Foreign
irhde' Will be the central theme OF
.he ninth national foreign trade con-
a''oh' winch VIII be held in this
ci'y. May 1912. inclusive. AS IN. nm
limited RESOURCES OF the United states
make II the logical leader in export
trade. the following article has been
prepared to show that every section
OF Inc United States is Interested In
the subject: IA
AS soon as any country reaches n
slhss OF productivity wherein the
immediate wants OF its Formulation nrc
satisfied. there is born a natural arG
logical demand on the part OF the
pLoaucers In that country for trade
Win other countries, but II the pro-
uuctiNity OF any country Is suflcIen.
merely TO meet domestic demand .py
| foreign trade developed by that coun-
q! Is dircct!| at the expense of its
own population.
Conditions Recognized.
Governments have been ouIcL 70
recognize this condition. vhicb ~
course. Is met by the placing OF en-
harGoes or the locking OF gates n,
us ports against certain commodities
Csuhiiy THIS condition obtains in war
ti'hc' but there are Instances in his
pages where the embargo has
ii times OF peace
II is n significant fact In studying
.he histories OF trade DEVELOPMENT IN
the different countries OF the world
ina. .,t the ingenuity. energy and e.
nclehcE or the people OF the United
states have been so great that tho
subJcct OF underproduction, or pro
"uc'ion less than that needed 10 sun
~! domestic demand, has hardly ever
been raised. Rather, there has hoen
IL SuTDluSuRe. nrI nS
RAJ. but also OF manufactured com
ii'ooitics. and so skillfully have the
american business men Judged tho
ultimate requirements OF the nation
that there has been always A com
portable margin OF supply to take
care OF export demand.
IN great part this is because OF
me iact mat as one OF the nations
most favored by nature, thcjIrnitad
states mas always been n leader in
the production OF all commodities
grown or mined. Our tremendous re-
sources OF raw materials have on
apied the United States to command
uehhite position in the markets of
the world VI
NATURES St"rehousc for Materials.
True enough, other countries have
exceiled us in certain particulars no
cause or climatic or other conditions
governing production. but, by and
i"rsc' greater variety and n nucb
larger volume of the raw materials
OF foodStuffs, % minerals. of coal and
iuhoer are produced within the bor-
acrs OF tho United States than in
any othef country in the world. We
are natures storehouse of rav mn,
teriai. and we have assisted and mig
mented nature in her boundless nro-
uIictivity by reason OF our ereater
capacity for the stimulation of nro-
uucIioh, ana by our ccasclcss energy
III seeing that the market of thar
production Is always kept up.
mere. then. is the ideal point OF
origin Tor foreign trade. a nation
fuily equipped. willing and able TO
more than supply its native demand
ana to have comfortable surplus
production for international inter
chhnge. And every section of the
United States contributes its quota OF
production TO make up and add TO this
imposing total
i is impossible for any geographic
cal division OF the United States to
contend that 1t is not interested in
the development OF foreign trade.
The Central West. with its tremen-
dous resources OF corn and wheat and
cattle; the South. with It's cotton and
alfalfa; the Rocky Mountain Region
ana the Pacific Coast, with It's min
erais' the Northwest. with it's myriad
acres OF grain: the Pennsylvania APP
palachian Region, with it's priceless
deposits OF anthracite and bituminous
coal: the Southwest and South. the
west or the Mississippi, with it's oil.
All are illustrations forming part of
the picture as whole.
STATISTICS mean much. or little. ac-
cording to the Interpretation placed
upon them, but 1t is significant that
in every one of the natural resources
just quoted there is now and always
has been sufficient production to
warrant the establishment OF n pros
porous foreign trade.