The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1923-11-01
BARNES CONFIRMS
i, ECONOMIC BASIS
OF j. S. INDUSTRY
National C, of C, President
Speaks to Local Business
Men at Banquet.

Scores of Indianapolis business men
went to their offices. factories or
stores today convinced that the eco
nomic structure of the United States
was founded upon a basis that would
insure and protect its integrity and
success. and that great developments
might be expected within the next
decade.
Foundation of this conviction was
given in an address by Julius H
Barnes, president of the United States
Chamber of Commerce. at the formal
dinner given by the Associated EN-
pioyers and Indianapolis Chamber of
Commerce in the Riley room Of the
ClaypOOl Wednesday night.
Felix VI. McWhirter, local chamber
president, presided.
Barnes traced the industrial activity
OF the Nation and forecast industrial.
social and economic development.
National Team Play in Industry
was his subject He dealt largely with
cooperation, which has sprung up be-
tween business and government in the
keleven-year life of the national cham
Der.
Importance of Education
Stressing the Importance of educa-
ton in its relation to governmental
and industrial expansion the speaker
cited advancement of colleges and
universities from which were gradu-
ated those scientists and students
whose research and endeavor have so
extended the economic machinery Of
the nation.
Economies shall be written into the
histories of the future as indeibly and
forcibly as the chronicles of political
and governmental development, "
Barnes said. THE four great devel-
opments Of American industry, the
automobile, motion picture, chemical
ana electrical industries. have so typi-
fed the progress Of the nation that
they have achieved in a brief span
Of years what untold centuries had
failed TO produce"
Touching upon transportation and
its ally. the automobile. Barnes re
cited figures showing this nation pro
duced 90 per cent OF all automobiles
in the world and consumed 80 per cent.
Speaks OF Labor
The speak spoke Of labor and its
relation to business and industry. urg-
ing a more mutual and conciHatory
understanding of difficulties that flu
ture relations may be Of such high
order and reasoning that disputes may
be ironed out quietly and satisfac-
torily."
Payment of a soldiers bonus. he
argued would entail extra taxation
>when every resource is needed for
promotion OF industry.
Lewis E. Pierson, chairman OF the
directors OF the Irving Bank-Colum-
b.a Trust Company OF New York City,
president Of the Merchants Associa-
ton OF that city and director in the
National Chamber. spoke for a few
minutes on the problem OF increasing
costs in city government as they effect
the individual taxpayer.
Musical Program
Music was provided by the Indiana
College of Fine Arts.
Barnes. was taken through the
back yard" of Indianapolis Wednes-
day afternoon when he and other
prominent Indiana business men
made a trip around the city on the
Belt Railroad in a special car pro
vtded by B. A Worthington. presi-
dent of the c.. I. & ". Railroad
Indianapolis. with her sixty or more
manufacturing establishments ad
accent to the Belt. recording an an
nual output Of approximately S235,
0OO 900 passed IN review
Your city is splendid" commented
Barnes. You have a wonderful
chance for industrial development"