The Washington herald., 1912-01-07

The National Board Of Trade. which
has been in existence nearly nifty years,
will hold a three-days session in this
| city. beginning on January l6 This
board vas formed TO promote the Ell
cheney and extend the influence Of Amer
ican commercial and manufacturing or
ganizations, and TO secure unity and
/ harmony OF action among the men who
do the country's business with reference
to the usages and I=ws affecting them.
Foreign chambers Of commerce and
boards Of trade. in their relation to the
business interests OF the country sug-
gested the National Board OF Trade. and
President LalannC, OF Philadelphia since
his occupancy OF the position, has en-
deavored to interest the business organi-
zAtions OF the United States in national
policies, and nearly two years ago inau-
gurated the work with the National Mon
etary Commission OF sending two COM
plete sets OF its publications to 80 Of the
leading commercial bodies Of the coun-
try, located in lo3 cities and y States
and the District OF Columbia.
For sound Banking.
At the annual meeting OF this Oldest
trade organization in the United States,
held in Washington a year ago, a COM
mittee was authorized, which afterward
met in Chicago in conference with some
Of the leading business men of that great
trade center, out OF which grew the Ma
tional Citizens League, destined to pro-
mote sound banking system. This
citizens league. acting under the National
Board of Trade, has organized branches
in the leading cities OF thirty-six States,
and through its efforts has brought busi-
ness men to a realization Of the neces-
sity Of their cooperation in the making
OF laws affecting their interests.
The National Board OF Trade has ar
ranged for the consideration orSthe cor
poration problem in all or it's angles on
January Il, and among those who will
participate in the discussion OF the ques-
ton are Secretary Of Commerce and La
Dor Nagel. Senators John Sharp Williams
and Charles Z. Townsend. John wana-
maker. Charles A. Prouty, Of the Inter-
state Commerce Commission, and Dr. E
A. alderman. president of the University
Of Virginia. Il
Action IL Timely.
The object IN taking up the corporation
question at this time is that. from a
strictly business point OF view, the cor
poration question and the banking ques-
ton are 50 closely related that in mat
ters of foreign trade especially It is al
most impossible TO indicate where one
ends and the other begins. Practically an
transactions In matters of foreign trade
are financed through the banking houses
OF the country's commercial rivals. The
enormous increase In the export trade Is
traceable almost entirely to the large
Industrial enterprises OF the nation.
A number OF representative men or
national reputation. entertaining varying
views as to the regulation ana control OF
large corporations. have accented invi-
tatons to address the conference. which
gives promise Of being the largest gath
erins Of the business interests OF the
United States ever held under the aus
pices of the National Board OF Trade.
Corporation Day as "wednesday.
January Il. has been designated win
terminate with the annual dinner in the
evening. on which President TAFT Il ex-
pected to look ln.'' even though he may
not address the guests. Among those.
however. who have accepted the invita-
ton to deliver addresses are senator !
Theodore T. Burton. o. Ohio: Hunting
ton Wilson. Assistant Secretary or state: |
Or. A. Piatt Andrew. Assistant Secretary
OF the Treasury. and Representatives ). !
Hampton Moore. OF Pennsylvania, and
Lemuel P. Padgett. OF Tennessee.