Evening star., 1938-07-07
AMERICAS T|E-UP
SEEN T|GHTENED
Trade Should Show Steady
Climb, Public Affairs
Institute Is Told.
By the Associated Press.

8y tie Associated Press.
CHARLOTTESVILLE, Va. July T.
Many forces are tending to strengthen
the north-south axis between the
Americas, DR.. Alexander v. Dye, direc-
tor of the Bureau Of Foreign and Do
mestic Commerce Of the Department
Of Commerce, told the University of
Virginia Institute of Public Affairs to-
day
Trade between the United States
and Latin America may be expected to
show steady increase as those coun-
tries advance along the path of greater
national industrialization, despite
strong competition from Germany, ia
pan and other nations, Dr. Dye said.
International economics and COM
merce dominated the discussions of the
morning, during which other speakers
were DR.. William Wilson Cumberland,
member of the New York banking firm
OF Wellington &, Co.; Dr. Giuseppe Ugo
Papi, professor of political economy in
the Royal University of Rome, and DR..
d,
now professor in Carleton College.
DR.. Cumberland called attention to
decline in international morality
shown by the defaults of borrowing
nations which claim inability to pay
interest on their American loans but
which have nevertheless, he said. pro-
ceeded actively to repurchase their own
obligations.
DR.. JOSH pointed out that while the
clouds of present and future wars were
darkening the horizons of Europe and
Asia, the people of India have had an
opportunity to demonstrate their ca
pacity to confront and solve their ma
tional problems under the limitations
OF their new constitution made effec-
tive last year
plea for the resumption of inter-
national trade on a large scale was
made by DR.. Papi, who said this is
the only hope of peace which the
wealthiest and most powerful nations
OF the world can offer with any assur-
ance
Farley Asks Cooperation.
In an address yesterday, Postmaster
General James A. Farley called for
cooperation between Government and
business as the only way in which the
country can be lifted promptly from
its present plight" but declared there
can be no return to the methods of the
olden times"
There is no solution of the problem
IN railing at the Government, or for
the matter, in Government railing at
business Neither can produce pros
perity alone. Some of the greatest
hgures in the financial and industrial
world appreciate what our Govern
ment Is trying to do and, as far as they
can serve, are endeavoring to help.
Every day" he declared. Il see
evidences of the spread of understand
ing as to the Governments policies and
realization that times have changed
and that the purchasing power of the
people is a more vital element in the
success OF business than even the
maintenance of high dividends for
stockholders.
Cites Balanced Budget.
Speaking earlier at the dedication
OF Charlottesville's new post Office.
Mr.. Farley pointed with pride to his
departments balanced budget.
1t was balanced. he said, despite
the payment to postal employees of
salaries greater than at any time in
the past"
Never in the history of the United
States has the postal service been op-
Grated on more businesslike principles
or with greater measure of efficiency
than it is at the present time" he told
1000 persons assembled in the CITY
park beside the post office.
He explained that postal receipts
are holding their own" in most
satisfactory manner despite the status
OF business in industrial centers.