Salt Lake Herald-Republican | 1916-11-22 | Page 1 | U. S. Faces Economic Disaster

I UI SI S. FACES ECONOMIC DISASTER IS ASIER American For Foreign ign Trade Endangered by Plans of European Belligerents to Dominate Commerce of World After War Is Ended Elided TREND TREl TO SOCIALISM ALSO ASO GRAVE MENACE l Sanction of Combinations ons in Foreign Trade and Promo Promo- Pro oC o- o C CL ct I I ui Vl WP- WP ping Administrations Administration's Remedies Rem Rem- edies for Evils Foreseen BOYCOTTS ARE FEARED REARED w ASHINGTON Nov 21 Th ih Thc prospective ti European comme commer comme commercial r. r cial war after th the war viewed wi with rt increasing ser seriousness here is being watched watch d' d carefully by bp American consular con con- sular officers abroad and reports are arB being received regularly at the department department department de de- de- de from man many different sources It became known today that hat all available facts are being sent on to Washington both as to lo the progress already made in planning the economic economic eco ceo struggle and a aJo to expected future future future fu fu ture developments Officials here think the American people do not fully realize the Uie possible effects of or such u li h post bellum strife strite ou on their huge hue torel foreign n trade which has hall passed the tho mark annual annual- ly Uncertain as to the future and varying as arc are all t tIre the e reports s n no doubt Is felt hero that tue countr country races laces a. a grave ra o economic danger er unless it does doe all possible pos ible first to forestall Core such a struggle and secondly to prepare against It in case caso present Indications are arc borne out Legislation Proposed Legislation along alon- this line will wIB besought bo be sought in Congress The Tho Webb bill bUl bill allowing American firms to unite for Car Corel foreign n trade trado without violation of or the antitrust laws Is Js to bo be urged again Inthe in tho the Presidents President's next address s. s Tho TIre Continued on Page Pae 4