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Show BANKERSPLANQN LARGEREXPOHTS Foreign Nations Must Buy More Raw Materials in U. S., Promoters Hold NEW YOr.K Nov 22. Bnnkt-n and businrs men throiiRhout the ' country ar ttfgeQ In n proKortii5 mado public Sunday by the American Rankers' assorlatlnn to consider inauguration inau-guration b the first of 'he year of The foreign trade flnanclns corporation corpora-tion under the Edge act for the protection pro-tection of home industries and proper financing of American foreign tradi At lion c,n the proposed corporation. ! whlfli will be capitalised at one hundred hun-dred million dollir. is expected ai-a meeting in Chicago on December 10 and 11, designed to be representative of the entire country's finance and Industry NEED OF EXPORTS. Establishment of the corporation, the prospectus said, is considered vital vi-tal to safeguard Indu-try from "an anxious future with attendant elements ele-ments of unemployment and unrest." "Stagnation h.ts developed in the 1 nlted States for commodities surh as wool sugar, rubber, coffee, leather, cert.iln metals and various other staples." sta-ples." it added. ' and to a lesser extent for wheat and cotton, whereas practically prac-tically all such commodities nre ur-gentlv ur-gentlv required In many other countries coun-tries of the world. The American dollar dol-lar is at n premium In practically every country In the world to such en extent thut exports from the Vnlted States In many countries during a considerable con-siderable period have not yet been paid for by those countries." Other features emphasized are: Future exports from the United States for nn Indefinite time cannot be paid for in large part except over an extended period. "In the case of countries where It is believed exchange may turn within a few months, buying In the United States has practically stopped, except wh. ie .irrangements could be made I for postponing payment until cx-i cx-i change turns UNABLE TO PAY NOW. I "Ruropean countries in general are I being obliged to confine their purchases pur-chases here rigorously to neceseiU0S ! of the moment and are unable to or-haln or-haln sufficient raw material to restore their industries" American export trade, exclusive of Biirbpe "is beginning to back up." and throw goods manufactured for export Into competition with goods manufactured for domestic consumption, consump-tion, the prospectus said Foreign loans "have been carrld about as far as Conservatism warrants, lit stated imd further credits "must be of longer time than banks and industrial in-dustrial institutions can legitimately : lie akod to carry-" It Is authoritatively stated that the rendering under the plan of special assistance to any one country has not I), en i -nnside red. .s the object of llie plan Is t5 encourage American foreign for-eign trade a a whole, anil as contem-I contem-I plated, it would operate wherever such trade extends. oo |