Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-11
DAWES PLAN SEEN
AS FIRST MOVE IN
RESTORING TRADE
Financiers of America, Eng
land, France, Italy, Bel
gjum, On Committee

WASHINGTON. Nov "a group
OF master business men and bank
e>s has been organized for the pur-
pose of making, a world economic
survey to determine measures for
solution of problems arising in the
wake of the Dawes Preparations plan,
it was announced here today by
Willis IL. Booth, president of the
International Chamber Of Com
merce.
The purpose of the group as an
nounced will be ito restimulate pro
duction, revive industry and restore
international trade
The group includes:
A. c. Bedford, chairman of the
board of the Standard Oil company
of New Jerey; owen D. Young,
chairman of the board Of the GEN
eral Electric company; Henry M.
Robinson, president of the First Ma
tional bank of Los Angeles; Roy d.
Chaplin, chairman of the board Hud-
son Motor Car company; Lewis r.
Pierson, chairman board of the Irv-
ing Bank-Columbia Trust company
OF New LOrk; Fred l. Kent, vice
president of the Bankers Trust com
pany; Julius II. Barnes, of New
York; Joseph ii. Defrees, of Chi
cago, and John II. Fahey, of Bos-
ton, former presidents of the Cham
Der of Commerce of the United
States.
A statement on the project by
Booth follows in part:
This survey will be made by an
international committee composed of
tie ablest business representatives
o. all the important commercial ma
tons of the world. To this end the
committee on economic restoration
of the international chamber, of
which Fred |. Kent is chairman, will
be enlarged by the addition of Nom
bers from the countries now repre-
scented and from other countries
which play an important part in in
ternational trade. The membership
o. the committee as now constituted
includes Sir Felix Schuster, of Eng
land; Maurice LewandOWski of
France; Alberto Pirelli, of Italy, a
member of the experts committee,
which formulated the Dawes plan;
X. A. Wallenberg, of Sweden; Mar
eel Desprit, of Belgium and w. Yves
terman. of the Netherlands. All of
them are prominent in business and
financial activities in their respec-
tive countries.
Arrangements for making the
world survey and selecting the ad-
ditional personnel of the committee
are being considered at the meeting
of the council of international cham.
Der now in session at Paris. 1T has
been suggested by the American
OriGinatOrs of the plan that the COM
mittee remain in session for a
month or six weeks or as long as
may be necessary to formulate a
report which, it is expected will
recommend the steps to he taken to
set in motion again the machinery
of production and trade which has
not been in normal operation since
the war.
The survey viii be a preliminary
to the Brussels meeting of the i'll
ternatiOnal chamber TO. be he11 dur
ing the coming year. at which the
report of the committee will cOnSti,
tute the basis of discussion OF the
general problem of economic rnStO-
ration by the business interests Of
the 80 countries represented in the
chambers membership. The Brus.
sells meeting will take on the color
of an unofficial international eco
homie conference and it is expected
will result in the adoption of certain
definite principles of economic re-
construction in much the same way
that the Rome meeting of the tham-
Ter in 1923 paved the way for the
formulation and adoption of the
Dawes report.
"'fhe Dawes plan. successful as
it has hoen, has, in the opinion Of
the American 81 OnsOrs Of the project
for a world survey, set the stage for
an economic revival, but it remains
for business men of the countries
most din ectIy concerned to take up
the problems involved in revival
of industry and trade. The adop-
ton of the Dawes plan, too, has
brought into the foreground of in.
ternational business discussion Of
other problems growing out of the
adjustment, such as the transfer Of
oraIitS -