The Washington herald., 1921-04-27
HARDING PLEDGES
BUSINESS RELIEF
AT BANK BANQUET

CONTINUED FROM PAGE ONE.
their work. The first essential step
In this economic readjustment is for
business men, traders and manu-
facturers to square their actions
and direct their course by the
compass of righteousness, good
will. fellowship and brotherhood"
Crissinger charged.
Scores MiddIeman.
Mr.. Crissinger was pointed in his
criticism of the middleman and the
apparent combination of manufac-
turers, jobbers, wholesalers, retail
ers and laborers-alI in some sort
of combination to frustrate the
fundamental law Of economics, sup
ply and demand"
These combinations-gentI
agreements, or what not. have got
ten prices OF things to the point
where there is no relation between
cost Of raw materials and cost Of
production: no relation between
cost Of production and cost to con-
sumer; in short. where there is no
relation between value and selling
price" the Comptroller declared
support In West.
Taxation, railroad fares, and for
eign trade were discussed by Arthur
Reynolds, Chicago. who, expressed
the faith of the Middle West in the
new administration and its ability
to lead business to the position
where I'VE can look down on the
valleys of stability and security"
business will continue to struG-
gle for revival. but so long as taxes
Are as burdensome as now they are
tt will be an uphill fight" Reynolds
declared. 'It seems a fair inference
fhat there will be less business. and.
therefore, less revenue from taxes,
Fith the entire country as the
loser. The case. to my mind, Is
urgent. and action should be speedy.
We must remember that the gov
ernment has a great capacity to
hestroy business, and much
maller capacity to create or as
bist it,"
Reynolds insisted that railroads
Warrant the most magnanimous
consideration on the part of the gov
ernment and people"
u The solution to this problem Is
Vital to our future progress" Reyn:
Sblds said. He said solution of the
problem lies in general cooperation
and attention OF the nations great
est talent.
Trade Service.
Strengthening OF the consular ser
vice and the distribution of more and
better information as to trade and
trade opportunities abroad were
urged by Reynolds as the stimulant
TO foreign trade.
I'VE should not shut our eyes
to the opportunity or miss a chance
to build a permanent business in
foreign fields by taking temporary
credit risks. We would not 20 un-
scathed II Europe failed to survive
the present economic depression"
Reynolds pointed out.
I'VE believe in ourselves. in our
government. and in our country, and
know that we will work out our
business difficulties and come again
to prosperity" he concluded.
Col. Harper. in his brief speech OF
welcome. said:
Welcomes President.
"As president of the District
Bankers Association. representing
more than 1926. 900. 900. 1 believe we
have a right to stand for the SUBJ
stantial ana material interest of the
Nations Capital. The bankers OF
the Nations Capital, with arms and
hearts overfowinG with apprecia-
ton, welcome you as their guests"
The invited guests included: Presi-
dent Harding. Vice President Cool
ldge. Secretary of the Treasury, Sec
retary of Agriculture, Attorney
General Comptroller of the Cur
rency. Deputy Thomas P. Kane,
Deputy Willis J. Fowler. George 2.
Christian. Jr., Senator l. II. Ball,
Benk- X. Focht. Louis T. McFadden,
Commissioner c. II. Rudolph, Col.
9. w. Kutz, Gov. George j. Seay,
Thomas B. McAdams. NJ. NJ. Prem
tbs. Edmund Piatt, Charles s. HAM
lin. Jess w. Smith, Arthur Rey-
nolds, Fred ID. Owen. Col. C. o. sher-
rill. Frank ]. Hogan. Secretary OF
Interior. Secretary of Labor, Col, X.
:. Bonnycastle. U. S. A