Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-30
Delegates From 1,700 Or
ganizations Assemble for
c. of c. Sessions.
BARNES PLACES STRESS
ON PUBLIC CONFIDENCE
Says Enterprise All Over World
Must Come Increasingly to
America for Capital.

Representatives of more than 100
organizations assembled for the most
important business meeting of the year
were told at the opening of the seven
teenth annual convention of the United
States Chamber of Commerce today
that if America translates into the con-
duct of world enterprise the ethics and
standards of American business as now
recognized. it will more directly estab-
lish the welfare of uncounted millions
than any crusade in history.
Their purpose in assembling here, In
the words of Julius II. Barnes, vice
chairman of the American section of
the International Chamber of Com
merce, who sounded the keynote of the
convention. was to consider the growing
responsibilities of business.
While organized business today is pos
seSsed of a larger measure of public con-
f1dence than ever before. Mr. Barnes
declared. it is the responsibility of busi-
ness leadership to maintain these stand
ards and keep the future possessed of
public confidence, animated by de-
sire to discharge that responsibility
fairly.
Convention Scope Outlined.
Prepared until next Friday to grapple
with the important problems that press
upon the business and industrial world,
the delegates heard from the presi-
dent, William Butterworth, the purposes
and scope of the convention outlined.
From another source they listened to
a frank discussion of the agricultural
situation and its relation to business
by Earl Elijah. master farmer" of
Clarence, Iowa, who demanded satisfac-
tory farm relief and said failure TO
FNrn iV6f lN~r IF
Western support for the Republican
party.
Reviewing the dramatic development
of America, Mr.. Barnes declared that
the savage injustice" and unfair ex-
ploitation'' which at times marked
American industry in the past. with a
ruthless disregard for the rights of
others" has given place to high stand
ards for business conduct and far
visioned leadership.
TIE widespread ownership of Ameri-
can industry" he said, lis of itself
guarantee of social and political sta
bility. The man who has hostage thus
to fortune will rightfifiiy be slow to lend
ear to radical theories that base them
selves largely on erroneous. preconceived
social concepts of society of only very
rich or very poor"
From Debtor 10 big Creator.
Within the short life OF the chamber,
Mr.. Barnes pointed out, America has
changed its relative position from that
of a great debtor Nation to that of the
great creditor Nation. possessed of two
thirds of the banking capital of the
world.
Inevitably this means that the organ
ization and development of business en-
terprise in every section of the world
must come increasingly to America for
capital and management" he said. I'm
creasingly. 1t means that our young peo-
pie Of ability and promise will Se drawn
into the management personnel of in
dustry in every corner of the world"
The problem of business leadership
in the future will be altered by the
progress of the past. The field is
limitless
THE responsibility of business leader
ship will necessitate that our youth
shall be taught that the stamp OF
leadership is no longer the dollar mark
alone. but rather the methods by which
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