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Show TO ACT Steps Must Be Taken to Protect Foreign Commerce Com-merce In the U. S WASHINGTON, Aug 22 President I Wilson has been urged in a lett-r from Senator Owpu, Oklahoma, ranging rang-ing Democratic member of the senate banking committee, to take steps '.o protect the foreign commerce of the United States and bring about an extension ex-tension of credits to cover European purchases. The letter as Inserted in the record also proposed that means be provided lo pass upon the validlt) ot European securities offered for sale in the United States. "Unless immediate steps are taken, ' Senator Owen said, "to accomplish these results, I fear a serious bu' i-reaction i-reaction will take place in the ' I cited States by calling off a large I part of our foreign market for our sui plus products I agree that pric?-I pric?-I should com down, but the reduction should be by the elimination of excess profits artificially placed upon goods, and they should not come down hi cutting down the wages paid U labor." |