The Washington times., 1928-12-14
| n D ] 5 I R IA[
HEADS ARE
PLEASED
BY w. 8. COUSINS
International News service Financial

international News Service Financial
tcopyrieht. 1925. BY International News
Service)
NEW York. Dec. 14.--2eturnins
from an extended trip to every sec
tion of industrial America, John f
Edgerton, president Of the National
Association of Manufacturers told
international News Service today
that the heads Of industry are vel
satisfied with the voleme Of bust
ness they are doing, and are looking
forward hopefully and confidentlv
TO the future.
Drawing a picture of the busi.
ness ahead for 1929 -and 1t has been
nv GOOD fortune to have visited
every section of Industry within the
last few months, / believe we are
going to advance along the same
line of good business, or better, tnan
we have had during the passing
year." Edgerton declared.
Leaders Pleased
ION all sides of me | have found
heads OF industry who are content
with the volume of business they
are now doing. The great majority
are optimistic, although many OF
them are expecting something OF
shading off in prices next year.
Only in a few places have | found
forehOdines. One or two or our In,
tustrfes are suffering heavily be.
cause OF the trends in our evel y'day
life. cffsetting these, / have found
numerous extensions In the newer
industries that have transformed
losses into gains.
For the ninth consecutive time,
John f.. Edgerton has been elected
president OF the National Associa-
tfon of Manufacturers, voluntary
organization ef1listin2 the co-opefa-
tive activity of the leading manu-
featuring firms all over the coun.
try, He is president of the
lebanon (Tenn) Woolen Mills;
president OF the Tennessee Manu-
facturers' Association and chairman
of the National Industrial C0uneli,
which has affiliations with 300
local and State Industrial organiza-
tions.
CONTRARY to the general impress
sion that the coming into office OF
q new President means a general
slackening of business" said Edger.
otn, Il believe we have every rea-
son to be happy and confident that
the incumbent who will take his
seat I'm March viii do nothing to
disturb our industrial equality.
THE accession of Herbert Hoover
to the Presidency might be likened
to the advancement of a subexeeu.
tive Of q great corporation. with
which he has been for years. to the
Craftsmanship OF the board Of dl-
rectors.
Like Hoover
s.By reason OF his being head Of
the Department of Commerce for
10 wears. Mr.. Hoover has his finger
tips on the pulse of industry and
business. He made his cabinet office
one OF intimate association and
understanding OF the problems OF
industry and business. not only of
his own country. but Of the world
at large.
HE has had numerous commit.
tees OF close contact closely func.
tioning.
He takes to the White House the
widest industrial and business back
ground and in addition as food
administrator during the war he
had further actual experience, with
various of those larger adnlinistra-
tions that lead directly into the
White House.
Looking at the matter from
every standpoint, / think we have
every reason to rejoice In the Amer.
lean business and Industrial out.
look"
Under Edgerton's leadership, the
manufacturers are now trying to
take the politics out of the tariff"
and the tariff out of politics by
seeking an extension of the powers
and scope of the Tariff Commission
to make 1t more practical adjunct
Of Congress and give 1t more flex-
ibility in rate adjustments.
This is an entirely different mat
ter from rate.making in tariff,
which Ii not favored by the manu-.
facturers. Congress. in their opinion,
should be the final authority and
agency for tariff ma king. but
broader latitude should be extended
to the regularly constituted board
for adjustment of tariff rates when
the Congress il not in session.
Favor Tariff Body
The manufacturers favor per.
nnanent paid tariff comm ission. wit
long tenures OF office for the men,
bers thereof After a preliminary
study of the matter committee
Of Is prominent men was drafted
to present the manufacturers views
to Congress and this committee will
visit Washington for the purpose
next Monday 1t is hoped that
positive results. beneficial to the
business interests OF the country a.
A whole. will attend, the mannfac-
turers' efforts.