New-York tribune., 1922-05-19

selected: For the Eastern states, A. C.
Bedford, of New York; for the South
ern states, Harry A. Black, of Calves
ton, Tex; for the Northern states,
Thomas Z. Wilson. of Chicago; for the
Western states, Thomas b. Stearns, of
Denver. Honorary vice presidents:
William Butterworth, of Moline. H.;
l.. S. Gillette, of Minneapolis; Charles
Nagel, of St. Louis, and A. B. Farquhar
of York. Pa, John Joy Edison, OF
Washington, was named treasurer
In a series OF resolutions, the cham'
Der articulated the attitude of the
business community regarding current
problems. In declarations passed the
delegates urged that the United States
be represented on the Reparation
Commission; that the United States
take its place with other nations in the
international court of justice; that
plan for settling the war claims of the
United States and its citizens against
the governments of Germany, Austria
and Hungary and their nationals be
tion properly passed by Congress; that
Congress enact legislation to place into
effect the codifcaton of the rights and
liabilities under bills of lading which
was used in the formulation of the
Hague rules, 1921; that the basic rail-
road law be continued; that the army
and navy personnel remain adequate
for national defense, and that pass
ports requirements and other red tape
in connection with international travel
be abolished as soon as practicable.
message from M. Clementel,
president of the international Cham
Der Of Commerce, which was born in
Atlantic City in the fall of 1919, was
read at the convention. "Business men
of the world" he said, "look with con-
fdence to America for the initiative in
the solution of many problems which
confront them. The announced pur
pose of your meeting being the study
of Americas participation in world
reconstruction is the highest proof
that our confidence is justified"
Lasker Stands by Subsidy
Three factors make it necessary for
America to make a prompt decision re-
garding its future on the seas, accord
ing to Mr.. Lasker In his speech this
morning he named the following: A
naval parity with Great Britain is i'm
possible without a comparably good
merchant marine; secondly, America is
now q creditor nation, and, thirdly as
result of the war America came into
possession of great feet, which needs
to be disposed of.
True, the legislative relief pro-
posed" said Mr.. Lasker. in discussing
the ship subsidy bill, which will be in
troduced in new form in fortnight
Consists of artificial means to meet
the situation, but it is only through the
temporary use of artificial means that
the situation can be perm anently
saved, and this Administration declares
it's belief that the adoption of the
program which it proposes will save
the situation and make America potent
in It's own rights on the seas.
THE government will build no more
ships. Only through inspired and aid
ed privileged ownership can we hope,
as we do hope. to see ships built that
will balance our feet. The bill before
Congress proposed loan fund of
S125, 100000 at 2 per cent minimum in
terest to aid those who would build
this type Of ship. Of fast cargo and
combination cargo and passenger ships
we have but few"
Mr.. Ackerson predicted that shipping
would attain a postwar normal in
three to five years, when demand for
new ships would manifest itself.
Mr.. Munson said that, if the Shipping
Board sold its ships cheaply enough, it
would be feasible for private owners
to convert them into more efficiently
operated vessels of the Diesel engine
type.
Asserting that under the ship sub
sdy bill the cost to the taxpayers
would be about one-half as much as is
now the case, Mr., Munson advocated
or