OCR Text |
Show FSScHEl Leaders in Banking Industry and Agriculture Form First Organization CHICAGO, Dec. 11. With the oh-; jed of financing ing time fon-tgni loans to build UP Hie export trade pi tho I'nltcd Stai.-. the foreign trade pommlaalon was lunched here today aii. I a commit too .f thirty was nutrteil :.. perfacl the organisation Immediately. Immediate-ly. John McIIugh, lice prtsldant qx the Mechanicians and Metals' National bank of Now York, was named to head 1 1,, , Dmmlnt and has onsettted to serve gg permanenl chairman of tb board of djroctora; ORG M Hon I ' Mi H D Following addreeses by leading American banker, Industrial ami u-'-ricuiturai heads, a committee on plan :md s. ..., pr. .-'lit. .1 Us conclusions to the conference, which was called by the Ameri.in Bankers' association. The comnilttcc named a permanent com-mlttee com-mlttee of thirty business mp'. rccom-no-n.icil org:iMl-.'.i'.ii ..; n corporation capitalised a! $100.00,000 with potential po-tential capacity of one billion dollars capitalised at 5ioo.ono.ooo with n po-I po-I subscription to underwits the corpor-atlon'a corpor-atlon'a organization activities. The 1100,000 ras subscribed within ten Intimites, ft is planned to prri'oct organisation or-ganisation ;nd put the corporation In .. IU. I... I.. U 1SS1, SPlRn 01 fJO-OPERATIOX "In presenting any message from tin conference to the country. the( huii thing to be emphasised is the fine, spirit of cooperation and coordination 1x1 nlfe led on verwSida," Mr. .McIIugh .Mc-IIugh told the AKRoclJicd Press, "and j the uiihorsai 1 ;, expressed nt the 1 1 i, to iil:c action which would, resull In benefit t(. the country. For: th. first time In the history Of fin-ince, fin-ince, commerce. Industry and agrlcul-ui agrlcul-ui -, rep 1 eseui ili. s of .ill four gathered gather-ed for u common purpose, and. OS It proved Lo h definite end The proceedings proceed-ings were ahsoluiel open uml infoi-mal infoi-mal and the freest possible opportunity opportuni-ty was offered for discussion. REIN d 1 ru vriuN "t Is this spirit of real national ... r !' for tli'- iiul.'h- e. olfare that 1 fr..m tiro first animated and characterised character-ised lu proceedings and tt Is in this plrit h:.i th" organisation committee takes up its Bignflcaritly Important "That coniiiilttee will endeavor in the working o it f this grent tinder-taklng tinder-taklng to discharge its duty with an e . r-lncreaslng sense of ts responsibilities responsibil-ities and the service It can render." |