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CHAMBER

OF

COMMERCE
WASH

ALBERT

W.

OF

THE

UNITED

STATES

INGTON

HAWKES

PRESIDENT

November 1 5 ,

1941.

Honorable Marriner S. I c c l e s , Chairman,
Board of Governors of the
f e d e r a l Reserve System,
Washington, D. 0.
Dear Mr. I c c l e s :
The referendum r e l a t i n g to controls of p r i c e s and wages,
about which you wrote under date of October 25, closed l a s t
night» I am at once sending you a copy of a b u l l e t i n in which
the votes are shown»
The number of organizations p a r t i c i p a t i n g and the number
of votes cast are the largest we have had in almost ten years»
being l a r g e r even than in a referendum taken back in the days
of H.B.A., regarding questions about H.R.A. The widespread
i n t e r e s t in controls over prices and wages was shown not only
by the large number of votes that were cast* but also in the
expressions of opinion f i l e d by organizations. These expressions of opinion w i l l be c a r e f u l l y summarized and printed in
the pamphlet in which we shall set out the vote of each organi z a t i o n p a r t i c i p a t i n g in the referendum.
Assuring you of my appreciation of the deep i n t e r e s t yot
have taken, both in the questions which are involved and in,
our referendum, I am,
Sincere

^y

-

President.

Business

Organizations

enclosure




A Nationwide

Federation

of American

CHAMBER O F COMMERCE
OF

NOVEMBER 15, 1941

UNITED

THE

STATES O F

AMERICA

SPECIAL BULLETIN

WASHINGTON, D. C,

PRELIMINARY CANVASS
Ballots Cast in Referendum No. 75
Price-Control Legislation
The balloting in this referendum closed at midnight on November 14, 1941.
A preliminary canvass of the votes was immediately made, showing the results
set out below. A detailed statement of the votes which were cast will later be
issued.
1.

Emergency price-control legislation of a different character should be
substituted for H. R. 5479-S. 1810, now under consideration by Congress.

2140
33

Votes "Yes"
Votes "No"

2.

The substitute measure should provide that in the emergency, when
government diminishes supplies needed for civilian purposes, there should
be control of prices for the articles affected during the emergency.

2052 Votes "Yes"
102 Votes "No"

3.

In such substitute measure Congress should provide for a standard of
price such as could reasonably be expected to prevail under conditions
of production existing at the time if the intervention of the government
had not occurred.

1946J Votes "Yes"
\11\ Votes "No"

4.

Administration of price-control legislation should be placed by Congress
in a body of five members appointed by the President and confirmed by
the Senate according to the manner prescribed for all important officials.

2066J Votes "Yes"
100§ Votes "No"

5.

The federal agency administering prices should be required always to
enter into consultation with a representative committee of the industry
concerned and selected by the industry.

2120 Votes "Yes"
53 Votes "No"

6.

The substitute measure should subject the necessary elements in the
cost of living to the same controls, and under the same conditions, as
industrial materials and products.

2130| Votes "Yes"
35^ Votes "No"

7.

The substitute measure should subject wage levels to the same principles
of control as are recommended for prices.

2152
31

8.

In any legislation for control of prices and wages, Congress should place
definite time limitations, reserving to itself decision as to any extension.

2151 Votes "Yes"
23 Votes "No"

Votes "Yes"
Votes "No"

The preliminary canvass indicates that the Chamber is committed in the
affirmative upon all eight propositions.
RALPH BRADFORD
Secretary







November 17, 1941.

Mr. Albert ïv. Hawkes, President*,
Chamber of Commerce of the United S t a t e s ,
Washington, D. C.
Dear Mr. Hawkes:
This i s t o thank you f o r your l e t t e r of November 15 enclosing the r e s u l t s of the
preliminary convass on price control l e g i s l a t i o n .
as I imagined i t would be, i t i s overwhelmingly
against the measure t h a t I advocated, and in
e f f e c t r a t i f i e s the adverse conclusions of the
committee ?»hich drew the so-called questionnaire.
I appreciate your courtesy in sending
t h i s m a t e r i a l t o me.
Sincerely yours,

M. S. Eccles,
Chairman.

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