FOREIGN TRADE: Rye & Water

For ten days 500 businessmen from 52 nations, delegates and hangers-on at the International Business Conference in Rye, N.Y., wined, dined and talked world trade in the Westchester Country Club. Typical of the tangible results: resolutions urging the universal adoption of 1) driving on the right hand side of the street; 2) a uniform measuring system (metric).

On the big questions, the businessmen were skittish, mainly because they were not sure what they wanted. Example: when Robert Gaylord, president of the National Association of Manufacturers, was asked about tariffs, he replied: "We favor low tariffs, but we want to...

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