The Bridgeport times and evening farmer., April 01, 1919, Page 11, Image 11

About The Bridgeport times and evening farmer. (Bridgeport, Conn.) 1918-1924

Image provided by: Connecticut State Library, Hartford, CT

                
THE TIMES: APRIL 1, 1919
HOW TO COMBINE FOR EXPORT
TRADE UNDER THE WEB
ACT
A concrete plan for the develop-
tnent of foreign trade tiurough the or
ganization of export corporations de
signed at once to secure all of the
benefits of co-operation permissible
under the Webb-Pomerene Act, Is
announced by the National Associa
tion of Manufacturers, which In
cludes all classes of producers la the
"United States.
Following the proved sales principle
of the intensive cultivation of a defin
ite field, the plan calls for the or
ganization, not of a single world trade
corporation, but of separate export
corporations, designed to trade .n
speclflo territorial markets, as, for
example, South America, the Scan
dinavian countries, the Far East, the
iievant, etc., etc., these corporations
to be formed as rapidly as circum
stances warrant, until all desirable
world markets have been covered.
The first export corporation to be
formed under the plan described is
now in process of grouping for trado
In South America. It Is meeting
with a. very satisfactory response from
the Association's members.
Membership In any or all of these
export corporations Is open to mem
bers of the Association, comprising
4,100 of the largest firms In the
country Under the association's plan
the ownership and control of each
corporation Is entirely In the hands
of its sctookholders, the Association
acting purely in an advisory capac
ity where serviceable. The business
development. Is therefore, the manu
facturer's own, and its relationships
are direct.
The export corporation will Itself
develop trade through permanent and
ox pert representatives acting direct at
all important foreign points, their ef
forts beina under the supervision of
a competent -end . expert staff at
homo.
All shipments will be handled by
the export corporation, so that the
member, having produced his quota
of a given order and loaded It, prop
erly packed and marked on cars,- will
be freed from the annoyances of for
warding and shipping details.
The export corporation will more
over make proper forwarding con
tracts caring for all shipments from
cars to destination, and for the neces
sary advances to cover charges
therefor, and will likewise perfect ad
vantageous arrangements with ship
ping interests and financial Institu
tions located hoth at home and
ubroad.
The export corporation will con
duct the business on a basis designed
Fotely to cover costs. To that end its
commission charges will be periodic
ally reviewed. The net cost to the
member, therefore, will inevitably be
loss than under any other possible
form of export undertaking. To this
la added the value of the service avail
able through co-operation with the
A:isociatlon"s Foreign Trade Depart
ment. To make this service doubly
effective the plan proposes, at tho
member's option, to make surveys of
methods to assist him in developing
Ms foreign trade, and particularly to
train some member of his staff In
telllgently to handle export busi
ness.
The Foreign Trade Department of
the National Association of Manufac
turers, the services of which are
hprcny definitely linked to the ex
port corporation. Is a vital factor of
successful operation under thi3 plan.
Its reference library and documentary
lues are up to date. Its active work
Is conducted under several divisions
and bureaus, skilled in the details of
foreign commerce. i3 organization
at Ihome is supplemented by a. corps
of over 2,000 corrospondents located
in every city and town of commer
cial Importance in the world. Its
direct and specific services, already
utilized by many members of the As
sociation, comprise information as to
export campaigns, itineraries, for
warding, customs duties, trade mark
regulations, financing of export ship
ments, foreign exchange, foreign
buyers, foreign market conditions
(Including special reports) credits,
special trade opportunities, original
sources of supply of raw materials,
etc., etc To all this are added in
termittent and regular trade publica
tions, letters of introduction, transla
tions of commercial correspondence,
periodic confidential bulletins, etc.
The facilities and organization of the
Foreign Trade Department represent
an Intelligent development covering
a period of nearly twenty-five years.
To duplicate them on private or
grouped export account would mean
long years of effort and more than
half a million dollars of expenditure.
Yet under vhls plan they automatical
ly become an active asset of the ex
port corporation.
The form of organization of the
export corporation calls for a perpet
ual charter, with place of business in
New York; the usual officers; a board
of fifteen directors, having general
conduct of the business; and an ex
ecutive committee of five directors. It
also contemplates the appointment of
advisory trade group committees to
co-operate with the board of directors
touching matters of development and
general Interest In connection with
specific lines of trade.
Only common stock will bo issued,
this stock to be non-dividend and non
assessable, and intended solely to
cover initial running expense; no
member may hold more than one
share.
All trade exploitation expense will
be borne by a special promotion sales
fund. This fund Is to be used ex
clusively for trade development in
various lines, and Is to be ratably sub
scribed by members In proportion to
their Interest in each given line of
trade.
All cost of operation will be cover
ed by commissions charged on actual
business done. The percentage will
vary with the nature of the service
performed, but will at all times be
doflnite, and subject periodically to
revision on a basis of actual cost.
Kach member of the export cor
poration will have one and only one
vote, must be an active member of
the National Association of Manu
facturers and, at the time of his sub
scription, must execute a proper
agency agreement with the export
corporation. This agency .agree
ment is a necessary factor cf stabil
ity Tn the upbuilding of the export
corporation's business, and is at once
a protection to the member and to the
corporation. Without It the corpor-i
foundation of successful business In a
foreign field. It assures the mem
ber, on the other hand, of full and
faithful performance on the corpora
tion's part; of an operation based on
coat; and of the full service co-oper
ation of the National Association of
Manufacturers. It provides for strict
and definite graduated commissions i
on all transactions involving specific '
goods of members' manufacture, at
specific prices, all as set forth in a :
definite schedule attached to the
agreement, and for monthly settle-'
merits in connection therewith; and
grants to the member all reasonable
protection in case his clients, in par
ticular instances, insist on buyins
direct, or in the event of accidents or
happenings interfering with produc
tion, over which he has no control.
It further Insures him all reasonable
right of changing prices or terminat
ing the agency agreement at the ex
piration of the original term.
ROLL OF HONOR !
SENT FROM THE !
FIGHTING FRONT
I
J I
"Washington, April 1 Casualty '
lists furnished by the commanding
general of the American army and :
made public today contain 59 names ;
divided as follows: Killed in action, ;
7; died from wounds, 4; died from
accident and other causes, 14; died of ;
disease, 15; wounded severely, 4;
wounded, degree undetermined, 6;
wounded slightly, 9.
There are no Connecticut names In
today's lists of dead and wounded.
NEW POSTAL SERVICE.
Unregistered correspondence, such
as letters, post cards, printed matter,
samples of merchandise and com- ;
mercial papers will be accepted fot ;
transmission to Bosnia, Herzegrovna,
Crovatia-Slovania. and Montenegro
for dispatch to London for onward ,
transmission, according to announce- j
ments made at the post office today. I
No provision has been made for par-
eel post packages to the countries
named.
COST IS DOUBLED.
London, April 1. The cost of liv
ing for a workingman's family in
England was nearly doubled during
the war, according to a statement is
sued by the Ministry of Food. Tho
ministry bases its estimates upon that
of a committee headed by Lord Dum
ner which reported that In 1914 the
average weekly expenditure for food
for a working-class family of six per
sons was the equivalent of $6.12. The
ministry estimates that the cost has
now advanced to $11.81 a week.
The ministry echoes the statement
of Premier Lloyd George forecasting
the workingman's cost of living
would be reduced about $1 a week
this summer.
Among those who have sleeping
sickness are two-thIr5 of the voters
when the politicians are putting
things over at the primary elections.
Some of these people who complain
'L Kll5 ilirrri (irt.ll Lirj VJ J wedllll, .! HOW
with any certainty of filling orders or getting ready to swap off their good
in general of maintaining the prac- ' Liberty bonds for worthless stock
tices and standards which lie at the certificates.
Fairfield County Farm Bureau Bulletin No. 2
CI!
If You Want Them To Grciv Strong and Keep Healthy.
Fresh Milk is the safest and
cheapest food for children.
I5abies cannot live without
it and growing children
prow faster with it. Where
milk is scarce, infant mor
tality runs as high as 50 per
cent.
Milk gives vitality to youth
power to middle life and
to old age it brings a goodly
portion of the health and
strength of former years.
Milk helps your children
grow
Milk ITelps your children to
keep well .
Milk gives your children the
body-building protein. "When
we drink milk we give your
bodies the necessary matoi
ials which become muscles
and furnish growth. It sup
plies lime which forms
strong bones and sound
teeth.
Children need a great deal of
milk because their bodies
grow so fast. They are so
active that they need more
of the food values of milk
than grown people do.
Milk is our cheapest and best food. (Jive it to children instead of tea or coffee.
Give it to them at meals and between meals.
Give Your Child a Quart of Milk Daily
Drink a Quart of Milk Yourself Every Day
1
0 "r
The following points are of vital
interest to the people of this nation, and
will be discussed in greater detail in sep
arate advertisements appearing in this
paper at intervals until the start of the
Victory Liberty Loans
1. This nation your country and mine has an
unpaid balance of some billions of dollars of war
debt for a Victory that we are now enjoying.
2. The nation must pay this debt if it is to
continue to exist as a nation among the nations
of the world
3. There are only two ways that the nation can se
cure the money by the sale of bonds (or notes)
and by taxes.
4. Taxes are already high and insufficient to meet
our outstanding war obligations.
5. Therefore notes (or bonds) must be sold.
6. Again, there only two ways that several billions
of dollars notes (or bonds) can be sold to the
banks or to the people.
7. If they are placed with the banks, industry, com
merce, your business will suffer. The banks
would be unable to purchase several billion dol
lars of Liberty Bonds and continue to loan money
in sufficient quantities and at a fair rate to the
business man. You cannot have your pudding
and eat it, too.
'
8. It is, therefore, your business and my business to
prepare for the Victory Liberty Loan, that we
may then invest as largely as each of us individ
ually can-for America's welfare and for our own.
GOVERNMENT LOAN ORGANIZATION
Second Federal Tteserve District
Liberty Loan Committee. 120 Broadway. New Tork