386 REPORT ON COOPERATION IN AMERICAN EXPORT TRADE,

concerns controlled by foreign interests to become members of the
American combinations. They believe, among other things, that the
brains and capital from abroad will be of great assistance to American
 interests engaged in foreign trade. They contend that there
should be other reasons for exclusion besides the mere fact that the
interests are foreign.
Others favor allowing foreign-controlled concerns to become members
 of American export organizations on the ground that their goods
are American made; that they use American products, employ American
 labor, and pay taxes in this country; others on the ground that
attempts to place such a limitation on combinations will result only
in deceit and evasion or in irritation of foreign countries. Some
favor including foreign concerns whose Governments accord to
Americans like privileges; others would have this question left to
constituent concerns to determine. At least one favors allowing such
combinations to be open to foreign as well as American concerns if
the Federal Government has supervision to strictly regulate prices.
Some typical replies follow.
Prosperity of foreign firms beneficial to commercial interests of
United States—A representative of a company manufacturing furnaces
 and accessories believes that—

* * * foreign-owned concerns should be admitted. The prosperity of their
concern is just as beneficial to the United States as any other except for the
small amount of dividends which go abroad.
The vice president of a concern handling motor-driven labor-saving
devices sees—.
* * no reason why foreign-controlled American concerns should be excluded.
 So long as the goods are produced in this country the benefits from
increased export business seem to us almost as great as if the profits of the
business were distributed to American stockholders.

To exclude would make our foreign trade more difficult—A professsor
 of Latin American history in a prominent American university,
 who has studied conditions in the commercial world, observes:

I do not believe this should be limited to American-owned concerns, because
{ feel that such a limitation would only serve to irritate foreign countries and
make it more difficult for us to do business abroad. There are coming to be an
Increasing number of American concerns operating in foreign countries; to the
people governing those countries such concerns are properly classed as being
controlled by foreign interests. We are proud of their existence; we want them
to prosper. If we legislate against concerns controlled by foreign interests
In this country, we may expect our own increasing interests in foreign countries
to suffer accordingly.
Admission brings capital to the United States.—The secretary of
a concern manufacturing and exporting heating apparatus thinks
that American organizations should be—
* * * gpen to all, for the reason that the investment of foreign capital in
American industries should not be discouraged in any way.
Mutuality of interests as determined by the products will be a
deciding factor.—An official of a company dealing in concrete building
 accessories observes—
&amp;« * * that it would be unwise to make any exception in the case of foreignowned
 concerns, since it may easily occur that a community of interests as between
 American and foreign producers of certain commodities would serve to