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Show URGES ALLIES TO UNITE FOB wramE Eugene Schneider, Head of French Conference Mission, Mis-sion, Tells World Needs. Redfield Advocates Formation Forma-tion of Body in U. S. for the Stabilizing of Credits. ATLANTIC CITY, N. J.. Oct. rs. -The nations which united to crush Germany in the world war should stand together nov" in an effort to better industrial conditions, con-ditions, throughout the world, L'ugene Schneider, chairman of the French mission mis-sion to the international trade conference, confer-ence, declared in an address before the conference today. Me added that without with-out the trade alliance he advocated, "we must proclaim from the housetops that the world will emerge from the victory beaten and Germany will have won the war." "The moral interest of the U nited Stales is to continue to help Kurope." Mr. Schneider said. '"You have proved to the world that for the sake of an ideal you are capable of the greatest saeri -fices, and now, that financial and commercial com-mercial interests enter into the guestiou, .would you'shrink from helping-? ! "I am convinced that the United States cannot hold aloof from Kurope. The needs of Kurope are great and varied and she will remain for a long time one of your host customers. Suppose that on account of the rate of exchange we , should cease ' buying from you. How would your industries be affected? Would not there he overproduction? M'ould there not be considerable unemployment?" unemploy-ment?" ! Redfield Gives Plan. Formation in this country of a. credit-granting credit-granting organization to purchase securi-! securi-! ties of struggling foreign nations was i urged at the conference today by Secra-i Secra-i tary Uediteld. The organization, which j would he supervised by the federal re-! re-! serve board, would be capitalized at be-j be-j tween JSOft. 000.000 and Sl.UO0.uO0.0O0. and would issue bonds of small denomina- tions and low interest to be sold here. The pecrotary said th:j t several billion ! dollars would be needed by struggling , nations in the next few yea 13 to place j themselves on a firm footing. I "I hope and believe." he added, "that i we shall open our doors much more ! freelv than we do new to receive goods 1 from abroad. "We cannot sell if we do not buy." Our participation i 7 1 the war. the secretary sec-retary said, no longer makes it possible for us to isolate ourselves from Europe. "There have sprung young countries into life." he said. "Poland, Czechoslovakia, Czecho-slovakia, Armenia, enlarged Rumania, and others. "We are the parents of these people and cannot forsake them." Says Banks Inadequate. Referring to his proposed banking organization, or-ganization, the secretary said he did not 1 agree with persons who said thnt the I problem of credit would be handled adc- quaielv bv our banks. ! "I doubt whether that is either cor-' cor-' re"t. or. hoiner correct, it is wise,' he ! said' "What we must do if we can is ! to bring the entire credit-giving power of the eountrv to bear on this problem. I hope we shall get an organization which will combine within itself the banker, the manufacturer. the merchant and nvevv othnr group of our people that desires' de-sires' to be included which will r epre-. (Continued on page 2. Column 5.) plan that may he worked out and will take Its share of any international bonds or any forms of securities created under such a plan. The textile committee reported that virtually tho only textile product required re-quired from the L'nitcd States will be raw cotton. URGES ALLIES TO UNITE FOB WIDER TRADE (Continued From Page One.) sent the whole round sphere of American life American economic power and which, because it does that, may be made the center of an appeal in every village in the country, so in that way we can get the very heart and mind of the United States with you and for you." "Such an organization," he added, "should be able to offer quick credits ail over the world. It might be our duty in behalf of Belgium to help In the aid of the Congo: it might be our dutv to help France to do something in Madagascar, Mada-gascar, to make some property there more profitable. It might be our duty to aid in Algeria. When people mav come every day we ouirht to be ready for them when they come." T have seen," he continued, "three or four cases of propositions of loans abroad within the last month which have filled mo with shame. We cannot take advantage ad-vantage of those who are in distress We cannot for our own profit's sake i real them other than brothers. The profiteer has no place in this job." The American subcommittee on textiles, tex-tiles, metals and petroleum, reporting to the executive committee (lf the conference, con-ference, set forth that production of these commodities would be ample to meet all requirements enumerated by foreign for-eign delegations. providing effect ivc i means of handling tho minimum transactions trans-actions involved are arranged. The petroleum pe-troleum committee adopted -.sohn ir.ns stating that the. pet roleum ii'..ust ry of the United States will participa"tu ia" anv |