The Need of a National Foreign Trade Policy1916 - 17 pages |
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40 billions adopted agreement American exporters American foreign commerce American tariff angle of repose Central Powers cial co-operation among exporters combinations commercial policy commercial relations commercial treaties competent and conscientious Congress copper manufacturers Corporation countries domestic commerce domestic prosperity economic alliance encouragement enemy Entente Allies Entente Powers enterprise European governments European tariff policies existing anti-trust laws export trade Federal Trade Commission foreign rivals FOREIGN TRADE COUNCIL foreign trade policy Galveston gold reserves Hanover Square industrial International Lumber most-favored-nation relation N. Y. City National City Bank National Foreign Trade necessity negotiated neutral markets normal exportation personnel is competent provided its personnel public policy ratification restraint of domestic ROBERT DOLLAR ROBERT H safeguards against unreasonable SCHIEREN Senate sound foreign trade Tariff Commission tion total value treaties and tariffs Treaty Legislation treaty-making underlying principle undue discrimination unfair competition prohibition United VANDERLIP Webb Bill world commerce world-trading nation York City President York City Vice-President
Popular passages
Page 14 - ... An Act to protect trade and commerce against unlawful restraints and monopolies," approved July second, eighteen hundred and ninety, shall be construed as declaring to be illegal an association entered into for the sole purpose of engaging in export trade and actually engaged solely in such export trade, or an agreement made or act done in the course of export trade by such association...
Page 4 - The period of exclusiveness is past. The expansion of our trade and commerce is the pressing problem. Commercial wars are unprofitable. A policy of good will and friendly trade relations will prevent reprisals. Reciprocity treaties are in harmony with the spirit of the times ; measures of retaliation are not...
Page 7 - ... We may invest in short-term foreign loans that can be converted into credits to check a gold demand. We have already done some of that and will probably do a good deal more. There have been bankers so shortsighted as to object to our making any loans abroad, but I believe the day will come when you will find that those loans convertible into credits, as they will be, will check gold withdrawals and form one of the most important safeguards of our gold stock, but efforts in the way of defense...
Page 8 - ... to customs duties or prohibitions of a temporary or permanent character ; or to a combination of these different methods. Whatever may be the methods adopted, the object aimed at by the Allies is to increase...
Page 4 - If, perchance, some of our tariffs are no longer needed for revenue or to encourage and protect our industries at home, why should they not be employed to extend and promote our markets abroad?
Page 6 - So long as the war goes on the world will be so tipped askew, in all probability, that the gold holdings of other countries will continue to fall into our lap. As the gold falls it will be added to our reserves. As those reserves grow, so will grow our credit structure based upon them. When the war is ended, we will find all Europe depleted of its gold, staggering under a weight of inflated bank and government paper, and under the direst stress to rebuild its stock of gold. The point of attack will...
Page 8 - Allies undertake to adopt measures for facilitating their mutual trade relations both by the establishment of direct and rapid land and sea transport services at low rates, and by the extension and improvement of postal, telegraphic and other communications.
Page 14 - ... shall be construed as declaring to be illegal an association entered into for the sole purpose of engaging in export trade and actually engaged solely in such export trade, or an agreement made or act done in the course of export trade by such association, provided such association, agreement, or act is not in restraint of trade within the United States, and is not in restraint of the export trade of any domestic competitor of such association...
Page 6 - The methods will be every means known to trade and commerce by which merchandise. securities, and credits can be exchanged for gold. " The laws of political economy will be on the side of the attack. A plethora of gold, such as we will have, always means rising prices. We will establish a price basis here which will make us a good market to sell in and a bad market to buy in. We are now advancing our labor costs, and that and every other element that enters into production will, under the influence...
Page 8 - Allies agree that the benefit of this treatment shall not be granted to those Powers during a number of years to be fixed by mutual agreement among themselves.