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Show FIERCE TRADE FIGHT TO OPEN Plan Economic Organization on International Scale Hitherto Hith-erto Unknown in Kind or Extent. FRANCE LOOKS TO U. S. Benefits Accruing From Closer Understanding Between Two Countries Pointed Out. Paris, Jan. IS, 8:01 a. m "The world is soon to see an economic organization or-ganization on an international scale far different in kind and extent from anything hitherto known," said M. P. Peixotto, president of the American Chamber of Commerce, at the twenty-second annual dinner of that organization, or-ganization, held here tonight "The European nations are laying plans for a fierce commercial struggle strug-gle which will begin in the near future. fu-ture. In France this subject is being studied with passionate interest," he said. France Needs Co-operation. France will control her own commerce, com-merce, Mr. Peixotto continued, but will need co-operation. One of France's prime needs is the importation, importa-tion, not only of raw material, but also of machinery and manufactured rrnnAr. fPU 1i: r T7 - i. supply her needs. The United States alone can do so. To take advantage of the vast and hitherto only partially partial-ly utilized source of supply from the United States, France must permit American manufacturers to compete on terms of tariff equality with other nations. Mr. Peixotto concluded by pointing out the benefits which would accruo from a closer economic understanding between the United States and France. William Graves Sharp, American ambassador to France, also delivered a brief address. P Tho American Chamber of Commerce, Com-merce, besides electing Mr. Peixotto to head the organization fof the ensuing en-suing year, chose George Munroe to be first vice president, W. Morgan Day to be treasurer, and Lawrence Slade to be honorary secretary. nn |