Banking Law Alone Won’t Extend Trade
|
|
The foreign trade of the United States will not immediately expand as the automatic result of the establishment of the Federal reserve system, in the opinion of Charles A. Conant, American delegate to the Conference on International Bills of Exchange. In an address before the recent Foreign Trade Convention in Washington, he pointed out that business enterprise, as well as banking facilities, is necessary to that end. Source : query.nytimes.com |