Show TIME IS PAST TO LEND MONEY SAYS EDGE NEW EW YORK YORI Jul July 24 Senator Senator Edge o author of ot export finance amendment to the tho federal reserve act for tor promotion of ot American ex exports ox- ox ports Europe Europa said just before sailing for tor I 1 shall meet official representatives representatives In England and and Franco France to talk over o tho the export situation with wih tho the Idea of ot opening openInG up foreign markets markets mar mar- hots for American business and providing a n system of ot international financing that will 1 mako make possible Increase of production b by American American Ameri Amen can manufacturers and assist In placing placIng tho the United States merchant marine marino on a more moro profitable basis Financing of ot American business in Europe as provided In the ex export export ex- ex port finance amendment will wil ne necessitate ne- ne expansion of ot our LankIn bank Lank In lug ing system whereby It I will wi he possible possible pos pos- sible to float foreign securities In America I shall shaH discuss with those bankers and business men tho the type of or securities tile the they would like to float Coat here and find to what o extent ox- ox tent they are willing to cooperate One of ot tho first firt essential in our program la Is i to Increase production It I must be made mado mace possible for Cor AmerIcan Amerlean Amer Amer- ican lean manufacturers to maintain capacity capacity ca ca- ca- ca production but this cannot bo be done unless the goods can be bc marketed Wo We boast of ot a merchant marine marino of ot 2000 ships but how can we expect It to be successful unless unless un un- un- un less tonnage Is i filled In both di directions directions di- di Wo We 0 can operate our ships and supply UPP tho the goods If 1 tho the foreign purchaser will pay us when the goods reach tho market We do not wl wish h to lend land more moro mono abroad that time la is passed If I wo we lend money wo we have o he taxation to bear but If Ir we wo cart can cnn sell roods goods a fair au tI profit can be realized eel gools Those abroad have securities but they have no gold irold Therefore we must provide facilities for accepting those securities and sell goods against thorn thor Our plan Is to take tho the foreign arm and Issue bonds hondl and de debentures do- do against them Of Ot course tho the bonds and and debentures will coure be bc bought In large part lart by those wl who have havo goods good to sell Bell Bel for they cnn can make a 0 profit on both bolh the ties te and tho the goods sold If United United Unit Unit- J Uni- Uni ed States expects to obtain a substantial sub sub- foothold In markets of ot the world action Iton mu must t be bo begun bogun Im Immediately immediately Im- Im mediately and wo we must not delay plans providing for tor such facilities as na wl will prove practical |