The Chamber Sums Up

A special committee of the Chamber of Commerce of the U. S. gave President Coolidge their view of what policies are vital for the welfare of American business. The Committee included Julius H. Barnes, A. C. Bedford, Lewis E. Pierson, Charles E. Weed, Willis H. Booth, John H. Fahey, F. L. Kent. These Committeemen did the talking at the conference, while President Coolidge was almost exclusively a listener.

The policies advocated by the Committee were in general identical with " programs" outlined in past meetings of the Chamber of Commerce. They included the cessation by this country of a negative attitude of aloofness toward foreign nations, the private ownership and operation of our railroads, the granting of a subsidy on our merchant marine, readjustment downwards of the income surtaxes, prohibition of future tax-exempt Federal security issues, approval of restrictive immigration, opposition to the soldiers' bonus, advocacy of the " flexible tariff," unqualified endorsement of the Federal Reserve system and opposition to unwise changes in the Federal Reserve act.