FOREIGN TRADE: Idealism, Inc.

Edward R. Stettinius Jr. might well have imagined himself back in the Secretary of State's office. As newsmen trooped into a press conference with him in a grey-carpeted suite in Manhattan's Savoy-Plaza, he was flanked by a three-man Government mission from Liberia. But this time he had a business deal to announce: a $1,000,000 partnership between U.S. financiers and the Negro republic.

The deal to develop Liberia by stimulating trade was a mixture of free-trading idealism and hardheaded business. With an eye on all the backward countries of the world, Stettinius said:...

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