| Show S 4 I Speeding Up the Wheels of I II I Commerce I 4 S By JULIUS KLEIN Members of American Delegation to World Economic Conference at Geneva and Director of Df Bureau of Foreign and Domestic commerce international economic conference at The coming Geneva Is expected to open the way for a worldwide world wide economic understanding In this article Or Dr Klein a member of the American delegation now flOW on his way to attend the conference sets forth some recent recert developments that add to Its significance ance The coming International economic council at Geneva will tend to reduce some of the which now slows down the wheels o of commerce an and l will thus hus stimulate a larger volume of ot international b business bustness bust busi siness si- si healthful competition competition compe- compe ness with a consequent increase in for the United States It will discuss at length such uch topics as restrictions and regulations of commerce commerce com corn merce international combinations or cartels and methods of reducing production ion Recent significant developments which are destined to o have important reactions upon our comm commercial relations with Europe emphasize the Interest that the he United States has in this important meeting meeting- of the he worlds world's economic experts the acknowledgment n n f First of all there is is existence of the British commonwealth of nations I replacing the British lo- lo lot o t i t. t ja v J servers servers this seemed to be but a political formality perhaps a weakening of the influence and power ver of the he mother country but in reality it involves a consolidation consolidation con- con and and- strengthening of Britain's world economic economic eco- eco and commercial position Int Internal differences h hive ave ve been Ironed out public acknowledgment has been made of a recognized d fact and before long Un edly there will vill be made evident to the outside world orl a tightening of the economic bonds within the empire em em- pire which is bound to react upon international trade from rom many angles S SEven Even though this may seem at first glance aS a potent new asset for for- our leading competitor it would seem eem probable that on the whole the United States I will bene benefit economically by the new v arrangement not only because of a regularization of tariff and other economic relations but through the strengthening of ofa a group of major commercial areas which account for or nearly neatly 44 per cent of ot our our total exports and over 36 G per pel cent of our imports Anything that improves their heir stability and well-being well is bound to contribute materially to our own Second the stabilization of 01 the Belgian franc fran and the he efforts now being made in the same direction in Ir France ranee nce Poland Italy and elsewhere maybe temporarily tempo- tempo arlly make it more difficult for the people of these countries to to- export to foreign buyers taking advantage advantage tage age of exchange depreciation but in the end end th their lr costs and credit facilities will be materially sta- sta and their competitive powers thereby strength- strength ened ned Then there are m-e the new dozen or 01 more international international inter- inter national trusts or cartels in Europe including such commodities as steel wire cement zinc laths potash and other chemicals which are more significant sig- sig than those in operation before the war The steel teel combine as well as developments in the potash situation gave indi indications of the growing feeling in n European of official circles that there must be a united effort to restore the continent economically The German government has announced that it fa ta fa favors vors ors the steel cartel and the German Franco-German potash agreement was negotiated under government aus- aus pi ices es The trend of those understandings has even convinced some observers that most of the postwar post- post var war ar developments of this sort are preparing the way for or a coming customs union As to the eventual effect of these industrial carels cartels cartels' cartels cartels' car- car els on our export trade it Is obvious that their competitive possibilities should by no io means be be- beIg Ignored ignored ig- ig nored ored even though the very large volume of output output out out- put ut and domestic demand in this country the he superiority superiority su- su of our production technique waste elimination dim dim- nation lation processes standardization give the the- American industry formidable ble advantage in an any any s 's such ch com commercial m- m n mercial conflict It is yet too early to make an any S SIn appraisal In the meantime the maintenance of ot the buying and nd lending power of the United States Is is' still one of f the great determinants of the economic recovery of f Europe and the value of American will good-will incidental in- in thereto Is fully appreciated by hy every well- well I informed observer across the Atlantic Copyright 1927 Cosmos Newspaper Syndicate Inc A t A. 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