New-York tribune., 1921-03-05
Business Men
Pleased With
Inaugural Talk
Lamont Holds Statements
Of President Will Inspire
Confidence; Likes Views
ON Taxation and Trade
Gary Sees Better Times
Sisson Says Program Must
BE Backed by People of
All Elements to Succeed

Men of high standing in American
finance and industry commended Presi-
dent Harding's inaugural address yes
terday. pointing to it as q clear pre-
I sentation Of domestic and international
problems, rejecting a keen apprecia-
tion on the part Of the head Of the new
Adm nistration Of the matters of far
reaching Importance pressing for early
solution.
Many of the leading Wall Street
bankers are out Of the city and could
not be reached, but those who did COM
ment upon the utterances Of the new
President viewed his remarks as con.
structive and reassuring to the busi-
ness community.
While the inaugural address was
coming out on the news tickers n the
financial district the stock market be-
came exceedingly dull. Afterward it
displayed fair degree of firmness. but
the average price Of securities at the
close showed slight decline.
Lamont Discusses Speech
Thomas W. Lamont, one of the lead
ing partners in the firm of J. p. Nor
gan a. 20. and SLrUug supporter Of
the League OF Nations program Of the
ret ring resident, expressed the opi..-
ION that President Hardings address
would serve to inspire confidence both
here and abroad. Mr.. Lamont cast his
vote for the Democratic nominee for
PRESIDENT at the last eie.t on.
mont, has touched admirably upon
many matters that are or great mo-
mtnt to the whole word to-day. His
declared desire to have this govern
ment con CT with other leading nations
IN present problems that are pressing
Tor solution, his expressed belief that
taxation and trade matters must have
prompt attention viii ali serve to in
spire confidence both here and abroad"
Gary Calls 1t Able Address
Ebert IL. Gary, chairman Of the
toard OF directors of the United States
steel Corporation, said ne considered
the address able, comprehensive, clear
and convincing. $50 far" declared
Judge Gary, "as it refers to matters
contained IN his previous speeches it
IS entirely III harmony with them 1t
wall have rcassuring and decided ef-
tect upon the general commercial.
financial and industrial affairs Of this
country. If the people of the United
States will DO their full part toward
feconstruction readj justment and res
lorauon IN accordance with the invita-
4lon OF our President we ought to
witness a marked and progressive inn
NoVement in business from this very
day"
Danicl G Reid, representing various
Ndustrial and banking interests said
regard President Harding's address
masterful survey of our POLITICAL
cial, financial and industrial prob
MS, and "a feryent pledge Of a whole
oarted effort at their solution.
named un, it visualizes to me the re-
establishment Of the government Of
peop.e, for the people and by the
eople"
Francis H. sisson, vice-presdent Of
ne Guaranty Trust Company of New
ork, said:
The outstanding statement of Pres
dent Harding's inaugural address is
is promise of administration eff
iency, lghtened tax burdens. sound
;ommerclal practices. adequate credit
acllltles, sympathetic concern for ali
ngrlcnlt raj problems, the omission of
unnecessary interference Of govern
M VITA business. an end to govern
Eent's experiment in business and more
efficient business in government ad-
ministration'
'ln these words = Pree;dert ho>