Evening star., 1931-04-29
HIGH WAGE LEVELS
URGED BY LAMONT
Tells C. of C. Delegates This
Is Necessary to Maintcin
Purchasing Power.
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upon Congress the enactment Of suit
sble legislation authorizing the Federal
Trade Commission to receive, approve
and enforce, under judicial review,
agreements on the part of business men
seeking to eliminate wasteful practices
and trade abuses arising in the course
OF their competitive relationG, provided
such agreements do not tend unreason-
ably to restrain trade ~Cr to create
monopoly"
Effect Organization.
The congress of industries effected a
permanent organization yesterday with
representatives Of 1870 industries which
have had trade practice conferences.
/ The organization is not part OF the
United States Chamber of Commerce.
but many of its members are also in the
chamber and will take part in the
chamber convention.
Rush G. Butler chairman OF the
Commerce Committee of the American
Bar Association, told the congress that
the legal profession intended TO support
legislation amending the antitrust laws.
He said there was a need in industry
for legislation to authorize the Federal
Trade Commission to Scrutinize and
pass in advance upon trade agreements
submitted to it..
The congress of industries adopted
resolution calling for the appointment
of legislative committee to consider
all pending proposals for legislation de-
signed TO strengthen the power of the
Federal Trade Commission to receive
and accept trade agreements
Trend OF Business Upward.
The trend of business at present is
definitely upward, Mr.. ButterWorth
said in an address opening the annual
meeting of the organization. He said that
the number Of industries that can look
forward confidently is growing, many
of them being industries which reflect
into the condition of other industries
and other fields of business, and i'm
proyements are appearing IN the news
of the hour"
THE inherent strength Of our eco
nomic position has been proved" he
asserted Industries which were de-
pressed have shown a record of prob
lens resolutely faced, so that for many
of them it was period in which dim
culties Of many sorts were hquldated,
thus leaving those industries in position
TO face their future without burden
Of Embellishments which, but for this
time Of liquidation might have proved
continuing handicaps."
THE activities of the national cham
ber and its constituent members reveal
that organized business is going for
ward, that the ties linking business men
in mutual effort have been more strong
" welded, that recent conditions nave
served to strengthen their collective
leadership" he said.
1T Is this sort of intelligent and un-
renting effort that confirms the faith
! Ct all these who believe in orderly eco
nomic advance in the strength and wis
dom of our present economic and social
policy.
Cites Fear Of Prosecution.
Coldthwaite II. Dorr. New York at
tolney. said today before round-tab.e
discussion that fear Of prosecution un-
der the Sherman Antitrust Law Is
deterring industry from attempting 70
restore a normal basis Of supply and
demand
CIarifcatlon Of the law by Congress
TO permit concerted action in tins OF
stress Is being urged by many, he said
but he felt it would not solve tn,
problem since an Encouragement
might differ from the industry as 20
what measures were reasonably neces-
sarv and adapted to the restoration OF
normal competitive conditions
Another suggested solution, which he
said he believed worth trying, was SUD-
mission of such plans to group III
intimate contact with the working oil
natural resource industries, such as
the Federal Oil Conservation Board or
a beard of experts in the Bureau OF
Mines.
He urged producers to act for rea-
sonaLle adjustment OF supply and de-
mand which, while II can at best
prove but a mitigation for the difflcul-
ties" viii clarity the situation and END
the impression that it is necessary to
bootleg sound economies"
ID. c. Man Nominated.
The national council yesterday nomi-
mated II men for the chambers board
Of directors
Election will take place Friday Del
egates said the nominations were con-
sidered tantamount to election.
Nine nominees representing geo.
graphical districts are:
David F.. Edwards, Biddeford, Me;
Herbert j. Tily, Philadelphia; John h
Hanna. Washington, d. c.; Mills b.
Lane. Savannah, Ga; p. w. Litchf1eld,
Akron Ohio: Lee j. Dougherty, Daven-
port, Iowa; William " Hodges Denver;
George w. Holmes, Lincoln, Nebrp and
Everett G. Griggs, Tacoma, Wash.
Eight nominees representing various
business divisions are;
Ora L. Monnette, Los Angeles. civic
development; j. S. Crutchfleld, Pitts
burgh, domestic distribution; Nathan
Adams Dallas. Tex, finance; Edward
M Hurley, Chicago, foreign commerce;
George D. Markham, st. Louis, insur-
ance: William l.. Sweet, Rumford, r.
l., manufacture; Matthew S. Sloan,
New York, natural resources produc-
ton, and John N. Shannahan, Omaha,
Rebr., transportation and communica-
ton.
Detroit was awarded first place in
public health conservation work, New
ark. N. j., second: New Haven, Conn,
third; Racine, Wis., fourth; Alhambra,
Calf, fifth, and Chestertown. Md,
siYth