New-York tribune., 1920-05-07
Heads
State Chamber
OF Commerce
Commercial Organization at
152d Annual Meeting
Elects President and
Fills Other Offices
Address by Irving Bush
Asks Better Capital and
l. a Dor Understanding
and DenOunces Autocracy

Darwin P. Kingsley, president of the
New York Life Insurance Company,
was unanimously elected president of
the Chamber of Commerce Of the State
of New York yesterday at it's 152d an
nual meeting. Mr.. Kingsley succeeds
Alfred E. Marling, but was not present,
due to the fact he is now visiting
Japan.
Welding Ring, Alfred G. Bedford
and William Woodward were elected
presidents; William Fl. Porter,
treasurer; Charles T. Gwynne, secre-
tary; Frank A. Vanderlip, who is in
Japan with Mr.. Kingsley, chairman of
the committee on financeand currency,
and Irving 7. Bush. president of the
Bush Terminal, chairman of the execu-
tive committee. A great many chair
manships and vacancies on committees
were also filled.
Discusses Days Problems
Irving 7. Bush, who made the accept
ance speech for the new administration
Of the chamber, urged a better under
standing between capital and labor, and
denounced . all forms of autocracy,
whether it be that Of "class" or
"mass."
81 suppose" he said, "that the feel
lngs Of the man who works with his
hands and matches his pay envelope
against the high cost of living are just
about the same as the feelings Of the
man who works with his head and
matches his income against the income
tax.
ut is no wonder" he observed, "that
mlsun understandings arise and the con-
sorvatlvc man unconsciously steps
backward toward the autocracy of class
and the radical rushes forward to the
nutocracy of mass, but the pathway Of
democracy does not lie in either direc-
tion; it lies along the middle ground Of
common sense,
"a democracy cannot be governed
either from throne or soap box. 1t
can be governed only from the heart of
its people, and to that heart must come
the recognition that all of us, whether
we work with our hands or our heads,
are citizens of great republic which
Is passing through one of the tests
which are imposed upon a great enter
prise for it's good"
"ln these terrible days" continued
Mr.. Bush, "thc common understanding
Of each others troubles is essential,
and it is this simple, ightforward
kind of democracy for which | like to
think this chamber stands"
Inquire Into Bond Values
A rcsoluti on urging Congress to pass
House bill $40, which provides for the
investigation by special committee
of the depreciation Of Liberty bonds.
was unanimously passed. The pre-
liminary resolution explains there is
great anxiety over tn s depreciation
and it is essential that "the sound eco
nomic reasons why they should have
attention of the country
The resolution introduced bv Con-
gresham Walter W. Magee to investi-
gate this depreciation reads:
Resolved. that a select committee
to consist of seven members, four from
the Majority and three from the mi
ty membership of the House, be ap-
pointed to inquire into the deprecia-
ton Of the market value of Liberty
bonds and to report to the House at the
earliest practicable moment it's recon-
mendation as to what legislation. if
any. the Congress should enact having
for its purpose the appreciation of the
value of such bonds.
And be it further resolved, that the
Chamber offer its facilities and as
sistance in any investigation which
the Congress DESIRES"
Welfare Committee Picked
President Marline announced the ap-
Lolntment as members of the Special /
Public Welfare Committee Of Union I
\. Bethell, Anson w. Burchard, Charles /,
y. freeman, Joseph L. Seligman, John /
=; Trevor. Farnham Yardlev. Elihu C. /
Church, William McCarroll, Howard C. .
Smith and W. H. Williams. This com
mittee was appointed, it was explained,
TO meet any great emergency like the
'outlaw' railroad strike by raising vol /
unteer forces TO man the railroads.
The annual report of the Committee
on Commercial Arbitration was pre-
sented. The most important feature
OF it was the discussion. of the new
state law passed April 13, last, which .
makes written arbitration agreement
at all times valid enforceable and ir-
fevocahle, save upon such grounds AS
exist at law or in equity forsthe revo-