Evening journal., 1922-09-29
APPROVE PAR
REMITTANCE
Chamber of Commerce Fa-
vors Referendum Ques-
ton Submitted
WANT BEST MEN ON
RESERVE BOARD

At a meeting of the board Of direo-
tors OF the Chamber OF Commerce
yesterday afternoon. in addition 10
routine business. Referendum No.
SO from the Chamber of Commerce
OF the U. s. OF America was unanl-
mously favored, It being. do you
favor making par remittance in
payment of checks universal
throughout the United States" This
question has been carefully consider
cred by nationwide committee,
consisting OF bankers, economists,
manufacturers. merchants and plan
ters, appointed by the National
Chamber, and that committee recon-
mended, by a vote OF nine to one,
that par remittance be made uni
versal. The direcors OF the local
Chamber. consisting also OF bank
ers. merchants and manufacturers,
had given the arguments for and
against, careful study and approved
OF the majority report of the COM
mittee by placing the Wilmington
Chamber on record as favorlng maxi
ing par remittance universal.
The officers OF the Chamber were
instructed TO advise President Hard
ing and Delaware's Senators and
Congressman that in the opinion Of
this Chamber. every effort should be
made to secure as members OF tho
Federal Reserve Board only those
experienced IN administration and
possessed of the necessary talent, OK
periencs and judgment requisite TO
administer the broad powers and re-
possibilities OF the Board. To that
end the Wilmington Chamber adopt
ed the following:
Resolved. That the Chamber OF
Commerce OF Wilmington, Delaware,
respectfully urges upon the Pres,-
dent OF the United States the vital
importance OF preserving the con-
tiDuity in service OF deserving board
members and OF giving the protec-
ton of the Administrator to mem
bers serving the Government on nom
partisan boards when unfairly at
tackled in the performance OF their
duties; and be II further
Resolved. That the Chamber OF
Commerce OF Wilmington, Delaware,
views with the gravest apprehen-
sion any move that might tend TO
weaken the independence OF the
Federal Reserve Board and there
by undermine the confidence. which
is the foundation rock OF the en-
tire banking and credit structure OF
the United States"
An invitation from the New York
Board OF Trade and Transportation
TO the members OF tho Wilmington
Chamber 10 make use OF its offices
when visiting New York was accept
ed with thanks.
These offices are located in the
section at Al Park Row,
opposite City Hall. and the use Of its
rooms are extended for meeting
business acquaintances as well as for
securing any information regarding
he city and its business houses.
banks, theatres. ETC.. and also the |
Use OF its telephones.
For the accommodation of busl- |
less women visiting New York a
woman member of the stan Is avail
lble TO assist and advise in every /
way and, whore desired, TO escort /
uch visitors to the places they de-
ire TO reach.
The following business concerns
we're elected TO membership; Man
Iure and Prsttyman. mems war, du-
Point Building: Schwartz Bros. &
20, ladies' wear, 61o-12 Market
street; the Delaware Barrel Co.,
of barrels, 20-30 s. |
Ieald street; Western Union Tels-
yraph Co. public utility. $40 Market
street.
A general discussion followed as
o how this organization could best
Iervs its members and the city and
suggestions are asked for from its
members along these lines.