Evening star., 1927-05-05

Il continued 1EOHl j. HSl dSC1
ernments and show as much consider
alton for foreign business interests as
for it's own If international commerce
is to prosper, Henry d. Sharpe declar-
ed in reporting for the foreign COM
merce group.
I'm some quarters Of this country"
he said. there seems to be a DISPOSE.
ton to urge our Government TO pro-
test every action of foreign govern
ments that bears heavily on our trade
interests, and at the same time to
turn a deaf ear to every complaint
from abroad as to the action of our
own Government in like cases. Clear
ly. such policy will not work.
Our Government must be firm and
prompt IN assuring the protection OF
the lives and legitimate property of
our citizens in foreign countries"
At the same time he insisted that
foreign business interests be treated
on the same basis as those of the
United States.
Peaceful and prosperous conditions
in neighboring countries and friendly
attitude toward the United States Will
mean much in the development of mu-
tually profitable business between the
United States and the Latin American
countries. Mr.. Sharpe said.
Since the operation of railroads was
restored to private ownership in 1920
they have made an amazing record OF
performance, said William j. Dean of
st. Paul, chairman of the tTansporta-
ton and communication group. This
progress of the railroads he contrasted
to the many difficulties encountered by
the merchant marine under Govern
ment operation.
Private management during the
past five years has demonstrated again
the power of organized individual re-
source and ability to work miracles of
performance when given freedom of
action and a definite objective" Mr..
Dean said.
The productive capacity of railroads
has increased, the public has been bet
ter served and during the past five
years $S50000, 900 has been invested
i'll improvements, he asserted. On the
other hand. he declared that losses in
the Fleet Corporation operation have
aggregated $233,000,000 since 1921
without including interest or deprecia.
tion. Mr.. Dean predicted a new era in
air, highway and waterway tranSporta-
ton. Their continued DEVELOPMENT,
however, he insisted is dependent upon
the sound policy on the part of the
Government.
American Genius Lauded.
Modern American genius for COM
bining, the ability to improvise and
the knack of abbreviation were char
acterized as the strikil.s elements of
business progress by Alfred Pearce
Dennis, vice chairman of the United
States Tariff Commission, in an ad-
dress before the annual dinner of the
chamber at the Willard Hotel last
night.
I'VE have learned" he said. that
trade, whether national or interna-
tional, Is based upon the exchange of
the peculiar products of one mans
industry and genius for the fruits of
another mans industry and genius.
Before the war we regarded the Brit
ish as our principal trade rivals. We
are coming to regard them as Gus
toners rather than as rivals. AS in
ternational traders, we have more to
gain from Britain prosperous than
from Britain depressed. AS Il result
of pooled energies, along with our
technique Of mass production, we
sprinkle foreign highways with our
motor cars, install our typewriters and
adding machines in foreign counting
rooms and place our sewing machirc,=.