Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-05
Trade Trends and Outlook
President of Bush Terminal Company Believes the
United States Must Take Lead in Promoting a
Program for Economic Peace.

petitors in the making of automobiles
and certain other machines.
Here Is an inevitable economic law
which can be seen at work all around
us. Tariffs cannot destroy this law.
My idea Is that the rations should
abandon what seems to be feverish
attempt to turn back to the status of
primitive peoples and live unto them
selves. Such theory Is fantastic when
the world Is daily shrinking to smaller
proportions through the perfection Of
transport.
The world must move forward as a
unit. All intelligent students are giving
up the idea that one nation can profit
by the ruin of another. The raising of
wages and the widening of humanity's
requirements form the only safe basis
for business progress. Suppose every
naked black in Africa could afford to
buy shoes. The benefit to trade the
world over would be incalculable.
So, the way to lift the world out of
the depression Is not by each nation
trying to corner all productive activity
at the expense Of Its neighbors, but by
admitting the rights of every country
Each has right to produce and manu-
facture as well as sell the articles which
1t Is fitted by temperament, inherited
qualities, climatic conditions and natural
location to make more cheaply or better
than its neighbors. This is bound to
happen anyhow. An inevitable law is
bringing 1t about. We can wait to see
it accomplished by slow and painful
evolution, or we can help by intelligent
cooperation.
Europe Looks to u. s.
Industrial Europe has come to look to
De
following the United States in elevating
its standards of living by the payment
of higher wages. Rightly or wrongly,
Europe blames the United States for the
slump in trade, and by the same token
it looks to the United States for the re-
covery of business.
On my return from Europe found
that the tempo of commerce was still
slow, that the unemployment problem
remained unsolved. Yet the United
States Is vastly better of than any Eu-
ropean nation except France. That Is
true not only of the condition of indus
try, but of the outlook for the future.
The natural inclination and the vast
wealth Of America are insurance against
long continued pessimism. Conditions
are diScouraging. But can discover no
possibility of their getting worse-and
there is every indication that they must
become better.
Just now it looks as II the principal
thing lacking is courage to go ahead.
That Is true of business executives as
well as consumers. Many of them are
sitting on vast surplus funds that could
now be wisely and profitably employed
in extensions.
I wouldn't dare make such a state
ment If my own conscience was not
easy. During the last year have been
working to create in Europe an impor-
tant SYSTEM for foreign trade distribu-
ton. An element in this system is q new
document which we call service certif-
icate. 1t cuts the red tape caused by
the use. Of the many shipping papers
heretofore necessary. Goods can be sent
abroad by means of this single certifi-
cate and immediate advances obtained
from banks. 1t opens foreign fields to
many OF our manufacturers who have
not had the capital or organization nee
essary to the development of distant
markets.
We are thinking internationally. What
we are doing in small way can be ac-
compllshed on a vastly larger scale by
the action Of resourceful men brought
together by the common need for inter-
national economic disarmament.
(Copyrisht, 1880. by North American News
paper Alliance)