New Britain herald., 1917-04-09
U. 5. TO PROFIT BY
 EXPERIENCE ABROAD
National Chamber of Commerce
 Considers Raising Revenue
Especial to the Herald.)

Washington, D. C., April 9.-Fol- lowing closely the announcement that $3.401, 900, ,000 is needed immedi-a ately to place the United States on . proper war footing. meeting is cx- pected in the near future of the special committee on financing war recently appointed by the Chamber of Commerce of the United States. In anticipation of the governments firsts big move, members of the committee have already begun investigations of foreign experience in the war and what the United States did along financial lines in previous conflicts. The board of directors of the Na- tional Chamber at it's last meeting by. way of preparing for the present situation provided for the appoint- ment of this special committee. hav- Ing in mind the magnitude of the financial problem in connection with such war as is now being waged by the European countries. Every effort will be made to avoid the mistakes and profit by the experience of other countries overtaken by war without chance for prior financial preparation.
 Study Financial Burden.
 Secretary Goodwin said there is need for quick action and that this undoubtedly would be met when the committeeman gather. He remarked. that the initial survey would have in view reporting how the financial bur- den could be distributed among the citizens of the country so as to be wise, equitable, and just. He said the newly organized body would study various methods of raising money inc cludiDg bonds indirect taxes on luxuries, excess profits. progressive income tax, treasury bills, and the like. Notable Men Serve on Committee. < Economists, merchants and bankerss of prominence make up the new com-S mittee. There is wide geographical representation. The chairman iss Wallace D. Simmons, of St. Louis. president of the Simmons Hardware company. Further additions may bel made. but as the committee stands now it is composed of the following:
 John V. Farwell of Chicago, presi- dent of John V. Farwcll Dry Goods company: Edward A. F>ilene, of Bos- ton, president, William A. Filene's5 Sons, company; P. w. Goebel, of Kansas City, president, American DdHhS1a kSSO OOiii Gray, of hhe University of Minnesota. former president of the Americani Economic Association: Edmund D.I Hubert, of Chicago, president of the Merchants Loan and Trust company :. Hugh Mcv< Landon, of Indianapolis. merchant; Robert F. Maddox, of Atlanta, vice president of the 'Hrheri. can National bank and formerly presi- dent of the Georgia Bankers asso- ciation: Samuel McRoberts, of New. York, vice president of the National City bank, and Professor Oliver M. W. Sprague, of Cambridge. professor of banking and finance, Harvard Uni-sl versity.
 Chairman Simmons was formerly vice president of the Chamber of Commerce of the United States. He served as head of the National Cham Der committee on banking and cur-S rency at the time the federal reserve act was under consideration. Messa Farwell and Hubert were also on that, committee. Mir. Simmons Is also a member of the new commercial economy board; just formed by tho Council Of National Defense.
 It was said the meeting of the com- mittee might he held during the cona- ing week. The exact time and place, have not been fixed.