The daily banner. (Cambridge, Md.) 1897-2008, 1922-05-29
PRESIDENT ASKS
BANKERS TO CALL
Has Invited Them Fer Con-
ference on June 8.
OISCONTERT SINKING 4

Various Lines of Business Win -
Called to Subsequent Discussions al
capital-Tariff Worries Mr.. Hard
ing.
Washington, May 29-'ConferenceS
TO be followed by more conferences,
appear to be the program of President
Harding for the near future.
Announcement will be made. prob
ably this week. OF a conference OF
bankers, TO be held June 8. 1t x
learned that invitations have gone for
ward 10 number of representa- tive
bankers throughout the country. ant
as soon as acceptances are received
announcement wifi be made as to the
date ANA purpose. The bankers now
10 be called in will NOT be those as
ISOLATED with the intern2tional grouI
which was represented al con fer.
ence with the executive lasl fall. bull
will come from rhe group during Go.
meStic business. Credits IN RELATION
10 improved business conditions vii
be discussed.
Ii is said that other conferences
have been tentatively decided upon, a.
that ali groups Of American business
will have chance 10 unburden theiI
wisdom for the benefit of the execu.
tive ear before the summer is gone
Administ ration advisers believe the
meetings will have a beneficial effect
as afording opportunity for an ex'
change Of ideas as to business condi.
tons and governmental policies.
The president has had the lumber
men, steel magnates and railroad eX.
ecutives AT the White House recently
and It is the purpose to extent the
series OF conferences TO many other
lines. Ii will be an expansion Of the
thought Of having the best minds" OF
The country bring their combined wis
dom to the presidents council table.
The groups more recently called tt
Washington have been asked to maxi
certain sacrifices in the public inter
EST. The steel nlagnates were asked
70 eliminate the twelve-hour working
day in the industry, although Judge
Cary has since assured the steel in
.iSlry that the president had DO in
feniion "f ''meddling" in the stee
business. and merely made his prola
5ition as q suggestion.
The railroad executives who were
called To III, White House were in
formed that rhe president Srill held +,
The thought that return Of genera
prosperity could ouiy be assured by /
reduction Of freight rates. While the
executives were inclined to debate thi!
question for some time longer, the de
cisiOn of the interstate commerce com
mission. which came shortly after
ward. brought the matter to head
The carriers have until May 81 to ap
peal from the new tariffs laid dowr
by the commission.
The administration is concerned
over the hardness which marks tn,
legislative program on Capitol Hill. A
he present rate of progress, the tariff
bill alone win consume most of ths
summer period, with the bonus ant
other controversial matters TO follow
1t is believed the cloture movement il
the senate had its reception in an in
lmarion from the executive end O.
The avenue TO administers ton senator!
10 This effect.
/. To drag the discussion Of The tariff
and its defects out through serera
months will enable the opposition t,
show il IN in such colOrS thSt it will
be difficult for campaign spellbin der
TO defend it, and this is one motive IL
seeking limitation Of senate debate
many observers believe.
Like an ill-tasring dose Of medicine
the quicker it is raken the better 70
the patient. is the view of admins
tratiOn doctors.