Show cooperative co operative ve combinations necessary for development of or foreign commerce by JOHN jofin CLAUSEN mann foreign department cocker national batt san Frao cuco just now wo are living in hi an 0 of great prosperity in a way artificially stimulated by tho the demand j for or materials from tho the nations at war QT whether tho advantages thus gained will bo be upheld depends largely on illo iho skill and acumen of our bankers to wisely uso use their money power and in the farsightedness olour of our merchants to strive for great diversi fica tion of exports and imports ini porto I 1 i t v it is 18 apparent that it will tako take more goods to build up and hold tho the trado trade which wo we aro arc no now W iu in position to con on arol wo we should ld look ahead to future conditions condition 8 bo be prepared to meet aggressive european trade frado combinations and kap paco with tho the worlds I 1 industrial 1 advancement i co operative combinations such buch na as ma may y to lo deemed expedient to develop our foreign relations in normal times are essential and should restraint of free trading A 9 in no sense bo be considered a recognition of this principle I 1 in oversea trado development Is is i in u my mt opinion most necessary to our economic progress such privileges very natu iii oi cirii rii univ lin be concerns aai ad d operative cooperative co organizations must obviously bo be prosecuted it if the claims claim for superiority of Aine american rican goods are mado made aggressive and careful direct and persistent efforts cal orla exercised by american Americ nii manufacturers frers in their introduction 1 0 and exploitation it should not bo be difficult to make permanent our present W pro eminent position in world commerce it appears that to our relations wo we need efficient banking system nud and a 0 well equipped marino mari no buti butimore mare especially scientific commercial education it cannot lo be too strongly emphasized eliat thead problems must bo be seriously taken under advisement as aa n R plain matter of modern development requiring attention along feasible and intelligent lines |