Evening star., 1925-05-20

normal flow of credit, with many of
the nations on a gold basis, he de-
clared, VIII be one Of the most i'm
portant factors in reconstituting the
industrial and commercial trade"
Since the close of the war interna-
tional trade has derived comparative
ly little support from the invested
capital In undeveloped countries, he
said, adding that "the resumption Of
the movement appears to be at hand,
ana when 1t has acquired greater
force, 1t will restore to international
trace one Of the greatest stimulants
for international trade"
Preparations Stimulus.
In the reparations payments" he
added, may possibly be found the
development of new areas, because
II Germany cannot pay in gold and
goods must be taken or the balance
left in the German bank, we will find
that the pressure to realize will de-
velop ingenious plans for taking out
or Germany the products of that
country that can be used in the de-
Velopment Of new areas, and where
such products would then not come in
direct competition with the producers
OF the country having such credit
The creation of new wealth, en-
ployment. earning and buying power,
rather than the dumping Of goods
from debtor nations into American
markets, was held out by Mr.. Barnes
as an objective for international trade.
Instead of competition directed at
home markets, he said. there can be
aroused such a general understanding
of the theory of wealth production
and the health of industry that bust.
ness thought and business effort shall
be directed along new channel
This suggestion occurs to me to be
that the productive capacity of debtor
nations shall be primarily directed at
producing the facilities for wealth Gre
alton, rather than the goods for cur
rent consumption he said.
In a plea for American cooperation
with other nations to assure world
peace and progress, Mr.. Davis ex-
pressed the opinion that ''if we wish
or expect to collect our debts, il would,
in my opinion, be wise, from a purely
business standpoint, to keep in close
touch with our debtors and help them
get on their feet, and be able to pay
without disrupting their economic and
financial structures"
Use Of every available organization
to get the international facts and the
viewpoint of other nations was urged
by Mr. Young. Political machinery,
he said, is not the best means for get
Ting facts in international affairs, since
politicians are not always at liberty
to tell the truth lest they defeat their
own purposes or a whole enterprise.
Building Dedication Tonight.
The United States Chamber of Com
merce Building, at Connecticut avenue
and H street, the shrine of American
business, will be dedicated tonight
Rev. Thomas f. Gailor, Episcopal
Bishop of Tennessee, viii deliver the
invocation. There will be addresses by
President Grant of the chamber,
Harry A Wheeler. chairman of the
committee on building; Charles Nagel
of ST. Louis, former secretary of Com
merce and Labor, and Chief Justice
William Howard Taft. There will be
a reception after the ceremonies.
The National Association OF Com
mercial OrganiZat ton Secretaries will
hold an informal dinner at pm. at
the Willard. Robert r. Ellis of Mem
phis, Tenn, will speak on The Prob
lem of Distribution in Relation to the
Chamber of Commerce.
The American Trade Association
Executives also will hold an informal
| dinner at the New Willard at pm.
There will be an address by DIR. Julius
| Klein, director of the Bureau of For
eign and Domestic Commerce.