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Show scribing' to what we might call the! American idea. If this becomes necessary, the business men of the nation in the bloc would be given adequate safeguards against cutthroat cut-throat foreign competition. made, that the people of the Unit- ed States will receive greater benefits ben-efits from a rigid enforcement of the anti-trust laws in this country than from a policy designed to foster fos-ter huge trusts for the purpose of meeting foreign competition in foreign areas. If there are nations determined to use what American officials and business men consider unfair practices prac-tices in foreign fields, then it may be in the interest of this country to attempt trie organization of an economic bloc of countries sub- OPINION GIVEN ON FOREIGN CARTELS Executives of two large Ameri-'can Ameri-'can oil companies recently told a Senate committee that they opposed op-posed the principle of foreign cartels car-tels and monopolies and "would like to see the adoption of our American philosophy of business worldwide." At the same time, the spokesmen spokes-men for the oil industry expressed the view that if other nations encourage en-courage r.artpl nrrflntrpmpnts it will be necessary for American business to compete abroad, despite de-spite conditions existing or discontinue discon-tinue business in foreign areas. There is no reason to suspect the motives of the officials testifying testify-ing or to doubt the correctness of the situation depicted by them. Unless the United States can persuade per-suade other nations to accept its ideas in regard to cartels and mo nopolies, it becomes apparent tha this nation must determine whether wheth-er it rceives greater advantages from a ban on such organizations than it would receive from an established es-tablished and expanding world trade in articles affected by foreign for-eign cartels and mosopolies. We are not attempting to suggest sug-gest the decision of the people of this country, but we are inclind to believe, if the choice must be |