The Washington times., 1925-05-22
BANKERS LAUD
us. COMMERCE
CHAMBER
Speech by President Grant Is
Widely Praised by Local
Finance Leaders
BY RICHARD HATTON.

LNANILS1lGD AAC1A AOANs
Pointing to the present sessions
Of the Chamber OF Commerce of
the United States which are being
held here as added evidence Of the
growing importance of this city as
a national center, local bankers
took occasion today to express
their conviction that President
Grant. of the. Chamber of Com
merce, had hftS the nail on the
head in his address, delivered last
Wednesday.
Washington bankers were unan-
imous in seeing in the presence IN
this city Of these men of prom
inence and influence in American
business life renewed assurance
that the National Capital holds
dominant position IN the economic
life Of the nation and that this
city is the hub from which must
. radiate in Increasing number and
power the spokes Of our domestic
business wheel.
Approval was voiced In banking
circles. OF president Grants plea
for straight thinking. and for
farther reduction Of taxes to
stimulate. industry and of the ap.
praisal and improvement Of the
banking and credit machinery of
the country as suggested by the
head Of the Chamber of Com
merces Of the United States.
La1ded BY John Joy Edison.
President Grants address," said
John Joy Edson, president Of the
Equitable Cooperative Building AS
sociation and chairman of the board
Of the Washington Loan and Trust
Company. was most able and
- A avnk
factor in the location here of the
Chamber of Commerce Of the
United States is that through it
business Is able to lay before Con-
gress and the executive depart
ments the opinions and the prob
lens Of the business Of the coun
try and to assist in proper legisla-
ton or other action by the Govern
mene Already there is tremend-
Gus Improvement in both domestic
and International business through
the efforts Of the Chamber of
Commerce of the United States"
the United States" declared Presi-
dent Victor B. Deyber.- of the Sec
ond National Bank, who is also
president Of the District Of Column
bia Bankers Association, ''is a
great reservoir into which flow all
Of tha~ streams Of business and in
dustry where they are clarified and
purified z through referenda and
other means to the end that the
true facts and conditions are
brought to the surface. The action
of the chamber is entirely free
from selfisnHess and partisan bias"
The dedication Of the new home
Of the. Chamber of Commerce Of
~
dent C. H Pope, Of the Munsey
Trust Company, "is evidence again
OF the advisability of making Wash
ington the permanent headquarters
for national organization in the
United States. 1t is evident that
Washington has proven itself the
center for conferences of bodies of
national character through which
the best and most constructive re-
suits of national Importance are Oh
tanned"
Importance Acknowledged.
THE presence in Washington of
representatives of as great a ma
tionaI organization as the Chamber
Of Commerce Of the United States"
said President Thomas E. Terrell,
#of the Washington Savings Bank,
t'is the most conclusive evidence
that the entire country looks upon
the National Capital as the center
Of all great national undertakings.
The erection here Of the beautiful
headquarters Of the Chamber of
Commerce OF the United States is in
itself evidence of the importance
which business attaches to this city"
Next to the United States Gov
ernment;" declared Vice President
Francis G. Addison. jr., of the Sc
curity Savings and Commercial
Bank. the Chamber of Commerce
OF the United States complies more
valuable information for business
interests than any other agency
that ] know Of. The location II
the headquarters of this organiza-
ton in Washington is as logical as
Is the maintenance here of the leg
islative and executive branches of
Government"
That the Chamber of Commerce
Iof the United States is fighting the
battles Of business IS the opinion ex-
pressed today by l.. P. McLachlen
OF the McLachlen Banking Corpora
ton. Through it's many sections"
said Mr.. McLachlen. the Chamber
of Commerce of the United States 10
able to gather and to publish data
OF the greatest value to all business
and commercial organizations
From the great scope Of the work
Of the Chamber il is obvious that
Washington is the logical place for
its headquarters and for it's con-
structive annual meetings"
The United States Chamber of
Commerce, declared President Floyd
sllIIlIlIllIi,lIllIIII!IlIII