| Show U S must be willing to invest money abroad it if it Is to retain world trade by WILLARD D STRAIGHT member of firm of J P morgan ac company y our present advantage t will be only temporary unless we at once endeavor to establish ourselves permanently in the markets where we are now trading and create financial and exchange 0 relations this is a real te test st it cannot be done in a day a week a month or a year it will require the development of an american international banking system a thorough study of foreign credit conditions and the education of our merchants and and I 1 manufacturers in business methods with which they are now generally unfamiliar the installation of this international banking 6 system and the education of our investing public to the point where they appreciate the vital relation of foreign loans to our foreign trade are matters of primary importance to realize the full possibilities of our present situation we must by our readiness to purchase foreign securities of one sort or another be able to extend to foreign purchasers of american goods the accommodation which in the past they have obtained 1 I in the markets of europe 4 sf |
