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September 19, 1921. General Lahager, American Can Company, 120 3roadway, New York, X. Uensol, . !:.!4' ar Sirs Of In order, if possible, to get a. sousehat clearer view of the present situation as regards unemployment, I am anxious to secure some information as to the extent to watch workers no longer reported on the payrolls ef the industrial concerns found work in aome other lines. Several of our directors and one or two others have volunteered to institute a brief inquiry in their several concerns into just tais question anti to trace out as far as practicable just einet has beoome of the men they have had to let go, just what they are doing and what percentage of them are now definitely or nearly without mans of livelihood. There is a great difference, of course, between this and just counting up how Luny have :leen dropped from employment rolls. I daoull like, especially, an idea as to what percentage of factory employees have gene back to the farms, or to domestic service, or returned to foreign oountriez. This information is for the conference an unemploynent which is to be held in Washington next weal,. and I ehould be very grateful if you could give me sons sort of an answer Cy Friday cei. tais week. 3elieve me, Very sincerely yours, 3ENJAMIN SMUG, Governor. September 19, 1921. General kanager, American Can Company, 120 Broadway, New York, N. QV 1\1' )ear Sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, I am anxious to secure some information as to the extent to which workers no longer reported on the payrolls of the industrial concerns found work in some other lines. Several of our directors and one or two others have volunteerea to institute a brief inquiry in their several concerns into just tais question and to trace out as far as practicable just what has beeome of the men tney have had to let go, just what ,they are doing and what percentage of them are now definitely or nearly without means of livelihood. There is a great difference, of course, between this and just counting up how Lanq have oeen dropped from employment rolls. I should like, especially, au idea as to what percentage of factory enployees have gums hack to the faxms or to domestic service, or returned to foreign countries. This information is for the conference an unemployment which is to be held in 71ashington next weels: and I should be very grateful if you could give me some sort of an answer ey Iridy of this week. Believe me, Very sincerely yours, BLNJAIIIN Governor. Iiitztus tii-14-1C'le---- Lieptember 19, 1921. General Lanager, American Tube & Stamping Company, Bridgeport, 09nn. Dear Sir: In order, if possible, to get a somewhat clearer view of the present situation us regards unemployment, I am anxious to secure some information as to the extent to waidh workers no longer reported on the payr011S of the industrial corcerne found work in some other lines. Several of our directors and one or two others have volunteered to institute a brief inquiry in their several concerns into just this question and to trace out as far as practicable just what has peewee of the men they have had to let go, just what 'they are doing and waat percentage of them are now definitely or nearly without eeans of livelihood. There is a great difference, of course, between this and just counting up how many dave been dropped from onployirent rolls. I dhould like, especially, an idea as to what percentage Of factory employees have gone eack to the farims or to domestic service, or returned, to foreign countries. This information is for tae conference on unemployment which is to be neld in dashington next week and I should be very grateful if you could give me some sort of an answer by Yridey of this week. Believe me, Very sincerely yours, 3ENJALI1 STRONG, Governor. 26 BROADWAY NEW YORK n CV' C. TEAG LE 0 FilLINUcer17: bruary Fr3P- 20 h 1920. 4-" - Mr. J. Herbert Case, Acting Governor, Feddral reserve Baia, No. 120 Broadway, New York, N. Y. Dear Sir:- Referring to ele-ohone conversation of this . Reed!, Mr. Bedford's secretafternoon, I spoke to ary, regarding the let ars of nor .Strong, and. he ad. ses me that your communications .artr-rerpect thereto ere forwarded. to Mr. Bedford at the Carolina, Pine urst, North Carolina some two or three days ago. 7' Mr. Reed. t looking after matte le me that 1%ir. Bedford has been of this character at Pinehurst, and I have no doubt s.1 u will hear from him very shortIf you do not, please let me know. ly. Yours very truly, HFM-MUR September 19, 1921. Mr. A. C. Bedford, President, Standard Oil Company, 26 BrowiwAy, New York, N. Y. Dear Sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, I am anxious to secare some information as to the extent to which workers no longer reported on the payrolls of the inslustrial concerns found work iu some other lines. Several of our directors and one or two others have volunteered to institute a brief inquiry In their several concerns into just this question and to truce out as far as practicable just what has become of the men they have had to let go, just at they are doing and what percentage of them are now definitely or nearly without means of livelihood. There is a great difference, of course, between this and just counting up how many have been dropped from employuent rolls. I should like, especially, an idea as to what percentage of factory employees have gone back to the farms, or to domestic service, or returned to foreign countries. This information is for the conference an unemployment which is to be held in lashington next week. and I should as very grateful' if you could give me some sort of an answer oy Friday of this week. Believe me, Very sincerely yours, BENJAKIN STRONG, Governor., STANDARD OIL COMPANY INCORPORATED IN NEWJERSEY NEW YORK A 3EDFORD CHAIRMAN or THE BOARD OF DIRECTORS September 20th, 1921. Honorable Benjamin Strong, Governor, Federal Reserve Bank, 16 Wall Street, New York, N. Y. My dear Governor Strong: -Acknowledging your favor of the nineteenth instant, I regret very much that it is impossible from the information on hand for me to give you the data you ask for the Conference I would on Unemployment which is to be held in Washington next week. be glad to institute inquiries a lpng the line of the desired information, but time does not permit of getting data that would be of real use. As of possible information, I might say that stadics of our August employment figures which we have jut completed indicate that there has been about a 21% decrease in the employed forces in all departments of this Company (not including subsidiaries) since January, 1921, when the total employees in all departments was 22,523. As stated above, in all cases where the employees were prmanently laid off, relationship of the employee to our Company was terminated, and we have no record or even estimate showing how many of them have, as yet, been unable to obtain employment elsewhere. A further study of the August record, above referred to, shows that of the employees in good standing at the six refineries of the Standard Oil Company (New Jersey), 50.8% had less than normal full time employment, and the employees as a Whole had 79.6% normal employment. Regretting I cannot give you the exact information you desire and hoping the above data may be of some possible use, I am Very sincerely yours, FILES 1'0510 ttig flia 192.5 kt are cordially invited to participate in the Annual Dinner of the yOU American Committee of the International Chamber of Commerce to be held in the Ballroom of the Mayflower, Washington, on Tuesday evening, May nineteenth, at seven-thirty for eight o'clock. A. C. BEDFORD Chairman, cilmerican Committee Kindly make reservations on the enclosed card P 0 0 0 AMERICAN COMMITTEE 111111111111 A. C. BEDFORD, Chairman JAMES S. ALEXANDER JACKSON JOHNSON JULIUS H. BARNES HARRY A. BLACK WILLIS H. BOOTH 0. E. BRADFUTE W. IRVING BULLARD J. H. BURTON C. F. KELLEY FRED I. KENT FREDERICK P. KE PPE L Ivy L. LEE ALEXANDER LEGGE JAMES R. MACCOLL WILLIAM BUTTE RW ORTH NEWCOMB CARLTON GEORGE M CFADDEN ROY D. CHAPIN F. W. CLIFFORD E. T. MEREDITH E. G. MINER STUART W. CRAMER GEORGE S. DAVISON JOSEPH H. DE FREES ROBERT DOLLAR CRAWFORD H. ELLIS JOHN- H. FAHEY SAMUEL M. FELTON EDWARD A. FILENE E. STANLEY GLINES E. R. GRASSELLI CARL R. GRAY W. A. HARRIMAN DWIGHT W. MORROW THOMAS A. 0' DONNELL EDWIN B. PARKER REGINALD H. PARSONS LEWIS E. PIERSON JOHN J. RASKOB WILLIAM C. REDFIELD FRANKLIN REMINGTON GEORGE M. REYNOLDS HENRY M. ROBINSON L. K. SALSBURY CHARLES M. SCHWAB E. M. HERR H. A. SMITH NOBLE F. HO GGSON HERBERT C. HOOVER HERBERT S. HOUSTON EDWARD N. HURLEY S. PEMBERTON HUTCHINSON NELSON DEAN JAY ALB A B. JOHNSON CHARLES A. STONE GERARD SWOPE HARRY B. THAYE R S. CRISTY MEAD E. P. THOMAS HARRY A. WHEELER J. M. WHITSITT OWEN D. YOUNG 4,4 ..tt (4e 141.1-t4:4- OTIS H. CUTLER THIRTY CHURCH STREET NEW YORK Wtootober 9 1913. OCT 16 1913 PER Mr Benjamin Strong Jr Gio Bankers Trust Co 26 Wall Street New York My dear Ben: Many thanks for your kind nese in allowing me the privilege of looking over your file on the currency bill, which I am returning herewith. My own, mind is so obtuse that it is rather difficult for me to comprehend some of the features of this proposed legislation, but I think I may safely say that to-day I know more about it than I did before. Grate lly and Sincerely yours, Enclosures. ee) /917 )21 Denver, Colorado, May 17, 1917. Dear Mr. Herrington: The enclosed letter from Professor Irving Fisher and the pages from the Congressional Record which accompany it oxplain themselves. I have been a good deal concerned to observe the development by Senator Thomas and some others of his associates in Washington of a revival of the greenback idea. There could be no more serious menace to the financial stability of this country at the present time than proposals for indulgence in such financial dissipation as that of issues of fiat money, which, ;nit° contrary to the view expressed by Senator Thomas. wrecked the nation's credit and plunged it into the throes of financial disorders which lasted for more than a dozen years after the Civil war was ended. This question of sound finance in the United States is no longer a domestic question, as it was in Civil war days, but is one affecting the financial welfare of the civilized world. This market in the United States is the only one left which the ravages of war finance have not imperiled the nation's financial stability. It is our :surplus capital :And wealth which must be relied upon when the war is over for the groat work of reconstruction. j have now a banking system which is capable under skillful management of meeting the great strain which is about to develop. By good fortune, President Ilson's administration and I think the great majority in Congress appreciate that a liberal share of the costs of war must be borne by taxation and not entirely by bond issues and issues of fiat money. The one menace to the carrying To - 2r. Herrington. May 17, 1917. out of a conservative plan of finance by the government is that exposed by such proposals as the one rade by the Senator front Colorado. not something that can be Is there done by the people of this state to convince its representatives in Washington that such proposals do not represent the sentiment of the people of the state, either employers of labor or the laboring men themselves? am taking the liberty of writing this letter to you personally and confidentially, with the thought that you as the heat of the greatest business organization ia Colorado may consider that the matter is of suf- ficient importance to justify attention by that organization. you to return the enclosures? Very sincerely yours, Cass Herrington, Esq., Colorado Fuel t- Iron Co., Denver, Colorado. BS/CC - Liay I trouble Denver, Colorado, March 19, 1927. Dear Mr. Herrington; to non-resident I am just in receipt of notice of membership in the Denver Country Club believe that am indebted to you as one of oy sponsors. WoUtt you please accept my warmest thanks for yo and this further evidence of of the Club? Cass E. Herrington, Esq 680 Emerson St., Denver, Colorado. BS /CC ospitali courtesy the members 0 INTERNATIONAL CHAMBER OF COMMERCE #C) ACKNOWLEDGED JUN AMERICAN SECTION 3 1922 MILLS BUILDING -WASHINGTON, D. C. F-1 OFFICE OF THE Otteutausr June 9, 1922. My dear Mr. Strong: I am writing to you personally to urge you to become a member of the International Chamber of Commerce. Having watched it grow since its inception, I am convinced that it deserves the support of men of your standing. As Vice President and also as Chairman of the American Committee, I have given a great deal of attention to the affairs of this organization and I feel that my time has been well spent. You are aware, no doubt, that the idea upon which the International Chamber is founded is basically American. The enclosed pamphlet summarizes briefly the facts about the organization. The Chamber is a potent factor in the solution of many of the vital problems which are retarding world progress and reacting so seriously There is no other regular medupon business in the United States. ium through which the business men of this country may have a voice in international affairs. The next meeting of the Board of Directors of the International Chamber will be held early in July and .I want to make my report of membership commensurate with America's commercial importance. May I include your name among those whose support is assured? I hope to hear from you at an early date, and will welcome any request you make for such further information as you may desire. Very truly yours, )6_e_ Honorable Benjamin Strong, Junior, Governor, Federal Reserve Bank of New York, 15 Nassau Street, New York, New York. f-t-1 June 13, Dear Mr. Bedford: Thank you for your letter of June P. I .vih I might send you a ravora.bta reply, but, I am no a ',e-pber of so many ,,rganizations of one sort or another to 4 hose afire I vitt unable to give the slight- est attention, that I have just made it an invariable rule to joining new u)11S8. F top Ac yu knos I az a membr of the Chamber of Com-erce of the United States. I hope you sill understand that my liskility to p.ccept the invitation is not due to any lack ..)f interest in the sork f the organization. Very truly yours, A. C. Bedford, Ebrt., c/o Internatir.nal Chamber of Coumerce, Mills Neshington, D. C. BS.M.111 AMERICAN DIRECTORS AND ALTERNATES INTERNATIONAL CHAMBER OF COMMERCE FRANCE wrI,LIS H. BOOTH M BUTTERWORTH VICE PRESIDENTS AMERICAN SECTION A. C. BEDFORD LACEY C. ZAPF, SECRETARY ,PH H. DEFREES JOHN H. FAHEY NELSON DEAN JAY OWEN D. YOUNG MAURICE DESPRET UNITED STATES BELGIUM SIR ALBERT J. HOBSON MILLS BUILDING, WASHINGTON, D. C. ENGLAND MARCO CASSIN ICAN COMMITTEE A. C. BEDFORD, CHAIRMAN AP ITALY GENERAL SECRETARY NEW YORK EDOUARD DOLLEANS JAMES S. ALEXANDER NEW YORK HARRY A. BLACK GALVESTON GEORGE P. BLOW LASALLE WILLIS H. BOOTH NEW YORK J. H. BURTON NEW YORK WILLIAM BUTTERWORTH MOLINE NEWCOMB CARLTON NEW YORK ROY D. CHAPIN E A s CLARKE CHICAGO NEW ORLEANS JOHN H. FAHEY EDWARD A. FILENE. L. S. GILLETTE BASIL MILES PARIS December 30, 1922. Honorable Benjamin Strong, Govenor, Federal Reserve Bank of New York, 15 Nassau Street, New York, N.Y. BOSTON BOSTON MTENEAsoms THOMAS S. GRASSELLI CLEVELAND CARL R. GRAY OMAHA W. A. HARRIMAN NEW YORK EAST PITTSBURGH NOBLE F. HOGGSON NEw YORK HERBERT C. HOOVER PALO ALTO HERBERT S. HOUSTON GARDEN CITY J. R. HOWARD CHICAGO ALFRED HUGER CHARLESTON EDWARD N. HURLEY CHICAGO NELSON DEAN JAY PARIS ALBA B. JOHNSON PHILADELPHIA JACKSON JOHNSON ST. LOUIS ANACONDA Nsw YORK FREDERICK P. KEPPEL NEW YORK DARWIN P. KINGSLEY NEW YORK IVY L. LEE NEW YORE ALEXANDER LEGGE CHICAGO JAMES R. MAcCOLL PAWTUCKET ROBERT F. MADDOX ATLANTA GEORGE McFADDEN PHILADELPH/A AUSTIN McLANAHAN BALTIMORE S. CRISTY MEAD E. G. MINER COMMISSIONER DETROIT ROBERT DOLLAR SAN FRANCISCO JOHN S. DRUM SAN FRANCISCOH. ELLIS CRAWFORD C F KELLEY FRED I. KENT PARIS AMERICAN ADMINISTRATIVE NEW YORK F. W. CLIFFORD MIENEAsoLis JOSEPH H. DEFREES E. M. HERR PRESIDENT ETIENNE CLEMENTEL NEW YORK RocIlEssEit WM. FELLOWES MORGAN Nuw YORK DWIGHT W. MORROW NEW YORK J. D. A. MORROW WASHINGTON S. T. NASH CLEVELAND THOMAS A. O'DONNELL Los ANGELES EDWIN B. PARKER Dear Sir: On behalf of the Council and the American Committee of the International Chamber of Commerce, I take pleasure in inviting you to participate in the Second General Meeting of the Chamber which will be held in Rome, Italy, March 18 to 24, 1923. If you cannot attend personally, the Committee would be pleased to have you select someone to represent your interest. The topics for consideration are not only timely, they involve problems of vital importance to every business man. The enclosed provisional program indicates that opportunity will be given for a thorough exchange of thought on questions which the business men must endeavor to reach some common conclusion as to the proper method of solution. I need not attempt to impress upon you the need for America to be represented in these conferences by our most able business men and bankers. Leaders of business in practically every country of the world will participate in the deliberations at Rome. Very truly yours, HOUSTON LEWIS E PIERSON NEW YORK JOHN J. RASKOB WILMINGTON WILLIAM C. REDFIELD NEW YosE FRANKLIN REMINGTON NEW YORK GEORGE M. REYNOLDS CHICAGO HENRY M. ROBINSON Los ANGELES L. K. SALSBURY MEMPHIS CHARLES M. SCHWAB NEW YORK CHARLES A. STONE NEW YORK GERARD SWOPE NEW YORK GEORGE C. TAYLOR NEW YORE HARRY B. THAYER NEW YORK E. P. THOMAS NEW YORK DANIEL WARREN NEW YORK HARRY A. WHEELER CHICAGO OWEN D. YOUNG http://fraser.stlouisfed.org/ NEW YORE Federal Reserve Bank of St. Louis T. 1IT 1 January 4, 1923. My dear Mr. Bedford: I have just received a form letter from you dated. December 30, and another similar letter from Mr. Barnes, in which you are good enough to invite me to attend the second general meeting of the International Chamber of Commerce, which is to be held in Rome in March. is a very remote one indeed. in Europe to thank on other matters, I fear the possibili It would only be in case I were which is most unlikely; you most cordially Tor wishing me to be there. YLure very truly, Mr. A. C. Bedford, Pe droadway, New iork City. RS .04 but I want AMERICAN DIREC AND ALTERNATES 3UTTERWORTH SEPH H. DEFREES JOHN H. FAHEY NELSON DEAN JAY HENRY M. ROBINSON INTERNATIONAL CHAMBER OF COMMERCE WILLIS H. BOOTH ACT<NOWf EDGFC- "AM' AMERICAN SECTION PRESIDENT IDENT FONDATEUR ETIENNE CLEMENTEL LACEY C. ZAPF JUL 1 1 1924 -,EN D. YOUNG SECRETARY AMERICAN COMMITTEE MILLS BUILDING, WASHINGTON, D. C. A. C. BEDFORD. CHAIRMAN Nxw YORE JAMES S ALEXANDER NEW YORK JULIUS H. BARNES DULUTH HARRY A. BLACK GALVESTON WILLIS H BOOTH NEW YORK 0. E. BRADF1TTE CmcAoo W. IRVING BULLARD BOSTON J. H. BURTON NEW YomE WILLIAM BUTTERWORTH MOLINE NEWCOMB CARLTON NEW YORK ROY D. CHAPIN DETROIT F. W. CLIFFORD MINNEAPOLIS STUART W. CRAMER CRAMERTON GEORGE S. DAVISON PITTSBURGH JOSEPH H. DEFREES CHICAGO ROBERT DOLLAR SAN FRANCISCO CRAWFORD H. ELLIS NEW ORLEANS JOHN H. FAHEY NEW YORE SAMUEL M. FELTON EDWARD A. FILENE BOSTON THOMAS S. GRASSELLI CLEVELAND CARL R. GRAY OMAHA W. A. HARRIMAN E M HERR NEW YORK EAST PITTSBURGH NOBLE F. HOGGSON NEW YORK HERBERT C. HOOVER PALO ALTO HERBERT S. HOUSTON NEW YORK EDWARD N. HURLEY CHICAGO PEMBERTON HUTCHINSON PHILADELPHIA NELSON DEAN JAY PARIS ALBA B. JOHNSON PHILADELPH/A JACKSON JOHNSON ST. LOUIS C. F. KELLEY ANACONDA FRED I. KENT NEW 'Vow( FREDERICK P. %EPPEL NEW YORK IVY L. LEE NEW YORK ALEXANDER LEG GE CHICAGO JAMES R. MAcCOLL PA,rucilcx GEORGE McFADDEN PHILADELPHIA S. CRISTY MEAD E. G. MINER NEW YORE ROCHESTER WM. FELLOWES MORGAN NEW YORK DWIGHT W. MORROW NEW YORE S. T. NASH CLEVELAND THOMAS A. O'DONNELL Lo, ANGELES EDWIN B. PARKER HousToN REGINALD H. PARSONS SEATTLE LEWIS E. PIERSON NEW YORE JOHN J. RASKOB WILMINGTON WILLIAM C. REDFIELD YORK FRANKLIN REMINNEWGTON NEW YORK GEORGE M. REYNOLDS CHICAGO HENRY M. ROBINSON LO9 ANGELES L. K. SALSBURY MEMPHIS CHARLES M. SCHWAB NEW YORE CHARLES A. STONE NEW YORK GERARD SWOPE NEW YORE HARRY B. THAYER NEW YORK E. P. THOMAS NEw Yoax HARRY A. WHEELER J. M. WHITSITT OWEN D. YOUNG CHICAGO CHARLESTON NEW YORK R. FRANCE VICE PRESIDENT POE THE UNITED STATES A. C. BEDFORD GENERAL SECRET.. EDOUARD DOLLEANS PARIS AMERICAN ADMINISTRAT/. July 1, 1924. COMMISSIONER BASIL MILES PAAis Honorable Benjamin Strong, Governor, Federal Reserve Bank of New York, New York, N. Y. My dear Mr. Strong: The officers and directors of the American Section, International Chamber of Commerce, have noticed with great interest the statement which the Advisory Council made to the FederalReserve Board with respect to the Dawes report. Through the International Chamber, the business men of the world have been pressing for a solution of the reparations problem on a business basis. W e believe that if the Dawes plan can now be put into operation it will do much to hasten a condition of affairs that will make it possible to take up some of the other problems which must, we believe, be solved on a basis of business principles before there can be a full measure of economic restoration. As an indication of what the International Chamber is doing in an effort to assure a fair opportunity for the application of the Dawes plan, I wish to call your attention to a resolution which the Chamber of Commerce of the United States passed at its last annual meeting, upon the recommendation of the American Section of the International Chamber. A copy of the resolution is attached. Similar action has been taken by many of the most important commercial and trade organizations in this country, upon the special request of the American Section. 1 ith the thought that you might be interested in reading the set of principles that have been advanced by the International Chamber for economic restoration, I am attaching a copy of a resolution passed at a meeting of the Chamber in Rome last year. We have particular pride in this resolution because it was drafted and proposed by American delegates at the Rome meeting. We likewise have much pride in the fact that an American, Mr. Fred I. Kent, Vice-President of the Bankers Trust Company of New York, is Chairman of the Committee of the-International Chamber of Commerce that did much to crystallize public opinion, and particularly governmental opinion, in favor of a commission of business experts to suggest a plan for settling the reparations problem. It is significant of this organized effort to aid in world restoration that three directors of the IL - (MAU. /.9 WM, **.1491.1t - v .n Itotw . fvFq, ' h. ,120000=i 8d1 dAtic 10 nolIti:Alc! as 64 -11.4q.2sdr 1.x.olle olmeaA tov.f1itu/.7towo Ilml al Anio I s1q,Atwa1 vidi- to ao..: bsIlnu df lo-.AISAMOD k) 15Mftd0 044 40k4* aottuleiL 401 aI1 /IA bowleg 1=01/JsbaoimilOool odl itooku ,sak404c a o/ ao.WatoJA taw; IjA6OJ Isfoo ",,Lc .19ChrtoSi I4nCLL - v-!?1; cold id o01it.,137.;; .-01-,*.11441C, 0.d t aoLtuloeel elf/ .1_,ettoi4/.1.1 .....4,40* .1-1113.t-to,ri ?:01Ik (MU to vittligli eh; 42 KIP n:i." ,qr.; ' tritah 11 ' 00 to sk 41 liQuir 4 ?>et'b' , .4. % 7/ - 2 - International Chamber, Mr. Owen D. Young, and Mr. Henry M. Robinson, of the United States, and M. Pirelli, of should have been important members of the Committee of Experts. Italy, Very truly yours, 387/380. 2 enclosures July 11, 194. PEeS0bAL Dear Mr. Bedford: Thank you for your kind letter of July let. I cannot help but reel that we will sale better progress in developing an enittened public opinion in regard to inter-allied debts if there is less talk about cancellation ?nd more diecuesion of their adjustment alone the line of the principle stated in the circular which you sent me, i.e., that these eettlemente shall be made upon's. basis of a fair measure of the ability of the debtor to pay. Youre very truly, Mr. A. 0. bedford, International Chamber of Commerce, Mille Wilding, Washington, D. C. BS.MtM ---------- --- INTERNATIONAL CHAMBER OF COMMERCE AMERICAN DIRECTORS AND ALTERNATES WILT Nt-BUTTERWORTH PRESIDENT WILLIS H BOOTH UNITED STATES DEFREES ..,O1I4 H. FAHEY NE,LSON DEAN JAY HENRY M. ROBINSON OWEN D. YOUNG PRESIDENT FONDATEUR AMERICAN SECTION ETIENNE CLEMENTEL FRANCE LACEY C. ZAPF VICE PRESIDENT FOR THE SECRETARY UNITED STATES A. C. BEDFORD MILLS BUILDING, WASHINGTON, D. C. GENERAL EIECRETART EDOUARD DOLLEANS A. d ABEDFORD,:CA')'mCEIET:II7IMAN if NEW YORK JAMS S. ALEXANDER NEW YORK JULIUS H. BARNES HARRY A. BLACK" '..PWL7V GAL vEgi*IEL. WILLIS H BOOTH NEW YORK 0. E. EMADFUTE CHICAGO W. IRVING BULLARD BOSTON J. H. BURTON NEW YORK WILLIAM BUTTERWORTH PARIS AMERICAN ADMINISTRATIVE COMMISSIONER September 29, 1924 BASIL MILE§ PARIS He OZ:enjamin Strong, Federal Reserve Bank of New Lork, NEWCOMB CARLTONM°LINK NEW YORK ROY D. CHAPIN F. W. CLIFFORD DETROIT STUART W. CRAMETAR"' New York New York. Dear Mr. trong: GEORGE S. DAVISOVERT°R JOSEPH H. DEFREPES 'HIGH CHICAGO ROBERT DOLLAR SAN FRANCISCO CRAWFORD U. ELLIS Recent European developments and their probable effect on American economic life will be discussed by men prominent in international affairs at a luncheon to JOHN H. FAHErw 'MK"' be held by the American Section of the International Chamber SAMUEL M. FELTONNEw YORK EDWARD A. VILENE CHICAGO of Commerce at Rauscher's, Connecticut Avenue and"L" Street, THOMAS S. GRASSELIrr°R Washington, at 12:45 P. M. on October 23. CARL R. GRAY W. A. HARRIMAN E. M HERR CLEVELAND OMAHA NEW YORK avISTEDDEDD NOBLE F. NEW YORK HERBERT C. HOOVER PALO ALTO HERBERT S. HOUSLOWNYORE EDWARD N. HURLEY CHICAGO PEMBERTON HUTCHINSON PHILADELPHIA NELSON DEAN JAY PARIS ALBA B. JOHNSON PHILADELPHIA JACKSON JOHNSON ST. LOUIS C. F. KELLEY The luncheon will be held coincident with the midyear meeting of the Eastern Division of the United States Chamber of Commerce, which you undoubtedly are planning to attend. It is felt that this occasion offers the opportunity for bringing together a considerable group whose judgment will be invaluable in considering the part which American business will take in European restoration. On behalf of the Officers and Directors of the American Section, I take pleasure in inviting you to In order that provision may be made for you, NEW YORK attend the luncheon. ALEXANDER LEGGE please sign and return the enclosed card at your earliest conCHICAGO JAMES R. MAcCOLL Details of the program will be sent to you in advance GEORGE McFADDIarReKKT venience. The price of the luncheon will be $1.50 per person. S. CRISTY MEArij'ELRRii of the meeting. ANACONDA FRED I. KENT NEW YORK FREDERICK P. KEPPEL NEW YORK IVY L. LEE E. T. MEREDITH E. G. MINER NEW YORK DES MOINES ROCHESTER WM. FELLOWES MORGAN NEW Yoloc DWIGHT W. MORROW NEW YORK THOMAS A. O'DONNELL Los ANGEL. Emnbr B. PARKER Very truly yours, HOUSTON REGINALD H. PARSONS LEWIS E PMRMW JOHN J. rumaa SEATTLE NEW YORK Chairman WILMINGTON WMMANI C. REDFIELD NEW YORK FRANKLIN REMINGTON NEW To. GEORGE M. REYNOLDS CHICAGO HENRY M. ROBINSON Los ANGELES L. K. SALSBURY MEMPHIS CHARLES M. SCHWAB NEW YORE H. A. SMITH HARTFORD CHARLES A. STONE NEW YORK GERAWD SWOPE NEW YORE HARRY B. THAMER E. P. nicmus NEW YORK NEW Yoga HARRY A. WHEELER J. M. wriumrr CHICAGO om..wm OWEN D. YOUNG NEW Yoga THIRD GENERAL MEETING, BRUSSELS BELGIUM. JUNF 21-9R 109C AMERICAN DIRECTORS AND ALTERNATEB INTERNATIONAL CHAMBER OF COMMERCE WILLLA M BUTTERWORTH UNITED STATES H H. DEFREES OilN H. FAHEY NELSON DEAN JAY HENRY M. ROBINSON OWEN D. YOUNG UNITED STATES A. C. BEDFORD WASHINGTON, D. C. GENERAL SECRETARY EDOUARD DOLLEANS MOLINE PARIS October 8, 1924. AMERICAN ADMINISTRATIVE COMMISSIONER AC( NEW YORK NEWCOMB CARLTOTT,,, ROY D. CHAPIN F. W. CLIFFORD FRANCE VICE PRESIDENT FOR TUE SECBETAB Y A. C. BEDFORD, CHAIRMAN NEW YORE CHICAGO ETIENNE CLEMENTEL LACEY C. ZAPF JAMES S. ALEXANDER NEW YORE JULIUS H. BARNES DULUTH HARRY A. BLACK GALVESTON WILLIS H. BOOTH W. IRVING BULLARD BosToz J. H. BURTON WILLIAM BUTTERWRITIRE PRESIDENT FONDATEUR AMERICAN SECTION AMEMCANCOMMMME 0. E. BRADFUTE PRESIDENT WILLIS H. BOOTH Honorable Benjamin Strong, Governor, Federal Reserve Bank of New York, 15 Nassau Street, New York, N. Y. BASIL MILES ED OCT 2 9 1q24 DETROIT MINNEAPOLIS STUART W. CRANR Dear Governor Strong: CRAMERTON GEORGE S. DAVISON PITTSBURGH JOSEPH H. DEFREES DOLLAR CHICAGOROBERT SAN FRANCISCO The Third General Meeting of the International Chamber of Commerce will be held in Brussels, Belgium, June 21-28, 1925. CRAWFORD H. ELLIS NEW OaLzAzz JOHN H. FAHEY NEW YORK In preparation for that meeting, the American Program SAMUEL M. FELTON CHICAGO EDWARD A. FILENE Committee is desirous of obtaining from members of the Chamer BOSTON THOMAS S. GRASSRELLAND suggestions of appropriate topics for discussion. Attached, you CARL R. GRAY OMAHA Will find a list of some of the topics that are now on the Chamber's W. A. HARRIMAN NEW YORE E. M. HERR EAST PITTSBURGH NOBLE F. HOGGS0A, HERBERT C. 1100V412. HERBERT S. HOUSTON NEW YORE EDWARD N. HURLEY CHICAGO PEMBERTON HUTCHINSON PHILADELPHIA NELSON DEAN JAY PARIS ALBA B. JOHNSON PHILADELPHIA JACKSON JOHNSON ST. Lou/s C. F. KELLEY ANACONDA FRED I. KENT NEW YORK FREDERICK P. KEisygLy... IVY L. LEE calendar. Some of these subjects will necessarily be given further consideration at the meeting next year because committees in the different countries have been carrying on investigations since the meeting in Rome last year. One of the American Directors of the International Chamber, who was also a member of the Dawes Committee, has expressed the opinion that if the Dawes Plan is to be productive of the desired results business men must exert their influence to make possible a profitable exchange of the products of the world. NEW YORK ALEXANDER LEGGE CHICAGO JAMES R. MAcCOLL PAWTUCKET GEORGE McFADDEN PHILADELPHIA S. CRISTY MEAD NEW YORK E. T. MEREDITH Since the big problem in the world's restoration seems clearly to be the condition in Europe, the key note of the Brussels Meeting will perhaps necessarily be a continuation of the efforts of the Chamber to bring about a solution of the European situation. DES MOINES The E. G. MINER Wm. nmmycirEs D, M3Tgie Dawes Plan is the first step contemplated by the set of principles DWIGHT WMOR.IMV YORE enunciated in the Chamber's resolution on "World Restoration". The THOMAS A. upoAFIPRK 1,0 ANGELES Program Committee would like to have the benefit of your judgment as EDWIN B. PARKER REGINALD H. PARSeITT'N to whether the Chamber should discuss at its Brussels Meeting plans SEATTLE LEWIS E. PIERSON for further developing the principles set forth in its Rome resolution, NEW YORE JOHN J. RASKOBWIL,,,,N copy of which is enclosed. The Committee will appreciate any suggestions WILLIAM C. REDFIELD NEW YORK you may have for making the Brussels Meeting an economic conference of the FRANKLIN REMIN Tag GEORGE CHICAGO HENRY M. ROBINSON U. ANGELES L. K. SALSBURY MEMPHIS CHARLES M. SCHWAB NEW YORE H. A. SMITH HARTFORD CHARLES A. STONE NEW YORK GERARD SWOPE NEW YORK HARRY B. THAYER NEW YORE E. P. THOMAS NEW Yozz HARRY A. WHEELER J. M. WHITSITT OWEN D. YOUNG first order. Trusting you will give this matter your very earnest thought and let us have your contribution at an early date, I beg to remain Very sincerely yours, CHICAGO CHARLESTON NEW YORK Chairman B 1 2.4 tqoalevoU ilof ..41.1,3vo0 ledos40 Sanatahledal edt to aaiteeli fp-4. .1tQl t8S-IS caul. ,cniltleff 1ateeeh-/f1 exxemac asollemA edt aniteom adt /01 110iI41P-, ahinittdo to qemsd0 edt tOsledpim 'etlgot etsi' uox ,bedosttA ^Admen ed* ac rOff VIA *Era salqct cat to ft lerF.1.0 aevir ed V/Issaeoea ir.tattlet&J-1 eh* n1 nmett/mmoo,eensoed 1z91 txen *At eoale enoltsrttaliviat rc al .eadtia:41. . anOltte-nLL .aoleeuoefbqc1 ifli- 4.-54-31 7edmsd0 imaoltsms$tal edt lc alotoola.asoiltwA ea: to ea0 beias/q%e anJ oettiom00 eews0 edt to,,ledivem s oeIs esw ode: nal'? eer.et! edt tsd* nolaicto gi/d/soci els.= o 00neultni Tied* *maze tana, nem asenlaud sitlusel 10:8*Oubcsq edt /o qansdore eldstilonq telizeb eAt lo evdoubo-ig ed ot AjA ame,oz aoktsloteel edt,a1 meldol0 aid s.711 asala slezaula ed4-10 etca T;e4 ed* .egolo5t.al nottliA)0-:? edt ed 0* %Pfile.10 10 atlalle edt lo doitsualtado z ed.,11.1seeepea.ociadio4 ahiteeM err' onoltautia a45554o1u3 odd to.aaitufoz s toodzAlaild ot.ledxsd0 ad* lo e"68 tqfa' edT ."aelts1DteeN d etzlgoveitaaa ge.:4n olit at as14 ce*sa vo aoltmloeel -piledeps60 ed: al b.atziclae as taemabut luox to Wetted edt evasi at eill Fluor eettImmoD amaoll saslq 3n/teehi alesalliff esti ts tatmelb bluoda.aeikasd0 edt led.ladv at taattolcaen: emoR t.tt n1 dtiot :tee aetgloallo edt nceetItil '01 øtieui aalgoleyob MT; 100, KC, sat. ir VO Mr. .beeoiche el do2,45v to ygoo iltr4C, edt o.ewieletao0 almoadoe az ani*eeM Altman-1U odd aaiY.sm lo, OVe TOM uox .115bl:a tall/ u,otsleenqqz./11w eettimmoD eAT 14Waft titen/Se 106V lUOT 10141M Aidt evia filw pox aaltmn:T nisteet a+ aed I teli.sti 111Ese as .ta aolti.cdiltao0 Istox +wad au 1: 1ms itulat Telvleaala poV t asursistio CII.Crf 531 October 8, 1924 Mr. A. C. Bedford, Chairman, internetional Chamber of Commerce, Washington, D. C. Dear Sir: an In the absence of Governor Str.,rig, I rant to acknowledge thank you for your letter of October 6, enviainti.: that the Third General Meeting of the International Chamber of Commerce will in :Brussels, 3e1gium, in June next year, end enclosing a tentative program of topics for discussion. On hie return, to the bank the latter part of this month, your letter and the iA.ogrrim will be brought to Mr. Strongie attention. Very truly yours, Secretery to the Governor. ( 44-ii,k44" October Lora Mx. Boofordl I have to thank you for your favor of the 6th instant, to which I have Lot sooner ropiiod because of ay absence from the city. Much of the progrtx is rather outside of thu line of our ctivitie,Lna I truly fuel oapable of conGLenting upon them, or indeed ehouid I do so when I unAble to attend the. meeting to be held next year in Brussels. I confess to be somewhat surprised that the proeram under the heaLing "Pinuncen is 60 limited in its ecoe, but probably suggestions receivea.. from othr members kali result in somewhat enlu.rging it. Very truly yours, BENJ. 'STRONG Governor. A. C. Bedford, Esq.., Chairmn, International Chamber of GolJerce, Washington, D. C. EVLS AMERICAN DIRECTO, AND ALTERNATES IUTTERWORTH H. DEFREES H. FAHEY NELSON DEAN JAY HENRY M. ROBINSON OWEN D. YOUNG tICAN COMMITTEE INTERNATIONAL CHAMBER OF COMMERCE PRESIDENT WILLIS H. BOOTH UNITED STATES PRESIDENT FONDATEUR AMERICAN SECTION ETIENNE CLEMENTE', FRANCE LACEY C. ZAPF VICE PRESIDENT FOR THE SECRETARY UNITED STATES A. C. BEDFORD WASHINGTON, D. C. GENERAL SECRETARY EDOUARD DOLLEANS A. C. BEDFORD, CHAIRMAN NEW YORK JAMES S. ALEXANDER NEW YORK JULIUS H. BARNES DULUTH HARRY A. BLACK GALVESTON WILLIS H. BOOTH NEW YORK 0. E. BRADFUTE ClueEao W. IRVING BULLARD BOSTON J. H. BURTON NEW YORK WILLIAM BUTTERWORTH Mous'. NEWCOMB CARLTON NEW YORE ROY D. CHAPIN DETROIT F. W. CLIFFORD MINNEAPOLIS STUART W. CRAMER CRAMERTON GEORGE S. DAVISON Pnyrssusan JOSEPH H. DEFREES CHICAGO ROBERT DOLLAR Sex FEsEcisco CRAWFORD H. ELLIS NEW ORLEANS JOHN H. FAHEY NEw YORK SAMUEL M. FELTON CHICAGO EDWARD A. FILENE BOSTON THOMAS S. GRASSELLI CLEVELAND CARL R. GRAY OMAHA W. A. HARRIMAN E. M. HERR NEW YORK EEET PITTSBURGH NOBLE F. HOGGSON NEW YORK HERBERT C. HOOVER PALO ALTO HERBERT S. HOUSTON NEW YORK EDWARD N. HURLEY CHICAGO PEMBERTON HUTCHINSON PH/LADELPHIA NELSON DEAN JAY PARIS ALBA B. JOHNSON PHILADELPHIA JACKSON JOHNSON ST. Louis PARIS AMERICAN ADMINISTRATIVE COMMISSIONER BASIL MILES November 3, 1924. Mr. Benjamin Strong, Governor, Federal Reserve Bank of New York, New York, New York. ALEXANDER LEGGE CHICAGO JAMES R. MEcCOLL PAWTUCKET GEORGE McFADDEN PHILADELPHIA S. CRISTY MEAD NEW YORK E. T. MEREDITH DES MOINES E. G. MINER ROCHESTER WM. FELLOWES MORGAN NEW YORK DWIGHT W. MORROW NEW YORK THOMAS A. O'DONNELL Los ANGELES EDWIN B. PARKER HOUSTON REGINALD H. PARSONS SEATTLE LEWIS E. PIERSON NEW YORE JOHN J. RASKOB WILMINGTON WILLIAM C. REDFIELD NEW YORK FRANKLIN REMINGTON NEW YORK GEORGE M. REYNOLDS CHICAGO HENRY M. ROBINSON Los ANGELES L. K. SALSBURY MEMPHIS CHARLES M. SCHWAB NEW YORK H. A. SMITH HARTFORD CHARLES A. STONE NEW YORK GERAR.D SWOPE NEw YORK HARRY B. THAYER NEW YORK E. P. THOMAS NE W YORK HARRY A. WHEELER J. M. WHITSITT OWEN D. YOUNG CHICAGO CHARLESTON NEW YORE /(14: My dear Mr. Strong: Thank you for your letter orrOct6b42i9th, regarding the Program for the meeting of the International Chamber in Brussels next year. I do not doubt that by the time the agenda is in its final form the Finance Section will be considerably enlarged, particularly as we plan a thorough consideration of the problems which will have to be met if the Dawes plan is to be fully effective, and world production and consumption is to be completely restored. Very truly yours, C. F. KELLEY ANACONDA FRED I. KENT NEW Yona FREDERICK P. KEPPEL NEW YORK IVY L. LEE NEw YORE PARIS A CHAIRMAN. INTERNATIONAI, CHAMBER OF COMMERCE AMERICAN SECTION WASHINGTON December 1, 1924. OFFICE OF THE CHAIRMAN My dear Mr. Strong: I think you will agree with me that the members of the International Chamber of Commerce have a right to be proud of its record of accomplishment during the past year. It is not an unwarranted statement that the foundation of the Dawes Plan for the solution of the reparations problem was laid by the Rome Congress of the international Chamber. If the Chamber had done no more than make possible this conference of business men, and if it had done no =re than this help create a public opinion which made possible the summoning of the Committee of Experts and the effectuation of their work, the Chamber, in my opinion, would have amply justified its existence. I shall not enumerate all tne an hi evement s of the Chamber, the outstanding saccess of its commercial arbitration mach- inery, its work in the protection of industrial property which is of vital interest to Lmerican business, the unification of trade terms, the elimination of customs difficulties and the long list of other practical improvements in international trade relations which it has made possible. It is only by nutual cooperation of the business men of the world that the difficult problems of international commercial relat ions can be solved. The International Chamber of Commerce is, in my opinion, the most effective orgqiization which has yet been devised to carry on this work. I sincerely hope you will indicate your endorsemelt of the efforts we have made and lend your encouragement to the continuation of the work we have undertaken by renewing your membership for the coming year. Very truly yours, 73, Chairman Honorable Benjamin 3trong, Governor, Federal Reserve Bank of New York, 15 Nassau Street, New York, N. Y. (7%f7q-lA Ntie."4.) Flm-LD INTERNATIONAL CHAMBER OF COMMERCE ARR 20 1925 t Am E RI CAN SECTION WASHINGTON April 18, 1925. OFFICE or Tlie GRA iltItAN My dear Ir. strong: I believe the international Chamber's quick rise to influence in world economic affairs is one of the striking signs of the times. Our chief duty is to keep its American membership in step with its growing international significance. This authority and prestige of the American 'Section both in this country and abroad depends on our ability to enlist the support of a large ,:merican representation. Thus from both a national and an international point of view increased membership is the emphatic need of the moment. We are particularly anxious to go to the Brussels Congress in June with a mandate of doubled membership. Will you not make an effort to bring in at least one new member and will you not, in addition, send us a list of other business men who should be approached regarding membership in the Chamber? As of possible aid to you I am asking our Washington office to send you a list of the present membership, segregated geographically, as well as application blanks and literature which may aid you in getting new members. The moral and financial support you have given us through your participation in the International Chamber has been a source of great satisfaction to me and to my associates in the American Committee and an inspiration in our efforts to make the accomplishments of the Chamber a realisation of its potentialities. Will you not please let me know, at your early convenience, if we may count on your further cooperation in this important task of increasing our membership? Very sincerely yours, Honorable Benjamin Strong, Governor, Federal Reserve Bark of New York, New York, N. Y. 30VERNOR'S OFFICE RECEIVED --c) 1925 0 mAtz EDE_ April 40, 1925. My dear Mr. Bedford: Your favor of the 18th instant has jut reached ma. If I c6n aecure a memdar tor the Internadonal Chamber of Coloe, I certainly &hall be glad to do so. tLe moilient, no one occurs to AO, and I ex?ect I am a poor one to aak, a I a4 so iaoiated from tho general duolneoa comaunity. 3iacerd1y your, C. ledfor, 4o,., Chairman, Internt,tional Chamber of Cone roe, laz.hington, D. C. T.. E COLORADO FUEL AND IRON COMPANY DENVER , COLORADO :ASS E.HEFtRINGTON, FRED HERRINGTON, GENERAL COUNSEL RICHARD H.FIART, ATTORNEY May 25, 1917. My dear Mr. Strong: I have yours of the 17th inst. You already know that I did not return to Denver until Tuesday afternoon, which is my excuse for not replying at an earlier date. I will bring the matter to the attention of the Board of Directors of our Association at its meeting next week. In the meantime, I have written Senator Thomas. I return the enclosures which you were kind enough to send me. I may not see you again before you return to New York. It has been a pleasure to know you even slightly. I hope your health is so completely restored that you will not be obliged to visit Denver again, but do hope that you will come and see us sometime for pleasure. Sincerely yours, Yr. Benj. Strong, #4100 Montview Blvd., Denver, Colorado. CEH'S September 19, 1921. General Lanagsr Endicott Johnson Shoe Conpany, Endicott, N. Y. Dear Sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, I am anxious to secure sote inforaation as to the extent to which ,verkers La longer reported on the payrolls of tae Lui'ustrial cencerna found -Tork in so4:e other lines. Several of our directors and one or two others have volunteered to institute a brief inquiry In their several conoerns into just this question and to trace, out as far as practioable just mlat has become of the men they have had to let go, just what' they are doing and what pereentaze of them aro now definitely or nearly 'without means of livelihood. There is a great difference, of course, bet4een this and just counting up how many have been dropped from emoloyment rolls. I should like, especially, an idea as to what percentage of factory employees have gone back to the farms, or to domestic service, or returned to foreign countries. This information is for the conference on unemp/eyment which is to be held in qashingtun next week and I Should ee very grateful if you could give me some sort of an answer by 1riday of this week.. Believe me, Very sincerely yours, BENJANUN RRONG, Governor. ENDICOTT JOHNSON CORPORATION MAKERS OF LEATHER AND LEATHER SHOES JOHNSON CITY, N.Y. September 22, 1921. Mr. George W. Johnson, Endicott, N. Y. Dear Sir: Enclosed is statement regarding the number laid off from January 1, until June 30, when the period of reduction practically ceased. All of the workers who were laid off, and desired to come back have been taken care of. It is impossible to say what became of the very few who did not return. The total number would not exceed 75. Te can give you the reason for any one person leaving our employ of their own free will, as the enclosed Labor Report shows. Among these voluntary quits are 55 to Europe, 58 to Farm, and 67 women to Stay Home. Te had no occasion to lay off female help as there has been shortage since the first of the year. Very truly yours, ENDICOTT JOHNSON CORPORATION TJR:SL INCL. ENDICOTT JOHNSON CORPORATION MAKERS OF LEATHER AND LEATHER SHOES ENDICOTT, N. Y. FILE Sept. 23 1921 G`,11J MS W TANNERY DEPT. Federal Re serve Bank of New York Attention: Mr. *tong ; Dear Sir; Dictated by Ge o tV Johnson: Answering your letter of the 19th please find enclosed information in reference to the movement of our Labor from the first of the year ar to date. If the re is any other assistance we can give, please advise. Very trul yours ENDICOTT JOHNSON 421//1/1 I 'It' \41-1 $iS . ' EMPLOYMENT AND LABOR REPORT FOR Orr / I / 1 ' / IN ROOMS 1 TOTAL MONTH EXP. II 110444-11"eni /f i*...2.1 REINSTATED TRANSFERED HIRED FACTORY-4 701 6- TOTAL YEAR i..ac 2ka,v_alt. THIS MONTH THIS INEX. THIS YEAR YEAR 19 02 DISIVIdED QUIT THIS MONTH OUT THIS YEAR THIS MONTH THIS YEAR 4, ay 1,... GOING AWAY QUIT THIS YEAR DISSATISFIED GOING AWAY /4. an DISSAT!SPIED / s s--473 667; a 97 70.3? 6t/0 ,4s-ll I` &519 / ..44....L.Lie, ,(Am.A,(Arv-VO II // I ply .2(Lz, < i MI. . , / 4 II / .3o ro . W_. . THIS YEAR TURN- LAID OVER -44 It beptetber 19, 1921. Ur. C. K. Lassiter, Vice-President, Ameriean Locomotive Company, 30 Church Street, New York, V. Y. Dear sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, 1 am anxious to secure some iniomation as to the extent to whioh workers no longer reported on the -payrolls of the industrial concerns found work in some other lines. 8everal of our directors and one or two others have volunteered to institute a brief inquiry In their several concerns into just this question and to trace out 4s far us praotioaele just what has become of the men they have had to let go, just at they are doing and What pereentage of them are now definitely or nearly without reans of liveliheod. There i.e a great differenee, of course, between this and just counting up how many have been dropped from employment rolls. I ihould like, especially, au Lies an to what percentage of factory empleyees have gone aack to the farms, or to dorestic service, or returned to foreign countries. This inforuation is for the conference on unemoloyment which is to be held in Washington next week and I should be very grateful if you could give nn some sort of an answer by Friday of this week. 3elieve me, Very sincerely yours, thiVJAMEN STRONG, Governor. American Locomotive Company 30 Church Street Columbus K. Lassiter Vice President NewYork September 20, 1921. Mr. Benj. Strong, Governor, Federal Reserve Bank of New York, 15 Nassau Street, New York City. Dear Sir: Replying to your inquiry of September 19th; We estimate that not over 5% of our employes have gone back to the farm or to domestic service, and as far as we know, practically none of our employes has returned to foreign countries. We believe that about 45% of our men are temporarily employed, which employment consists of gardening, repairing fences, looking after shrubbery, painting houses, cleaning and repairing automobiles and day work of this nature wherever it can be picked up. 50% of our men are doing nothing, simply waiting for re-employment in the shop and working one or two days a week as the shop may need their services for such little work as we have to do. I might say that the condition of the 45% of our men who are temporarily employed is becoming more serious as the weather grows colder, and the number of outside jobs which they can pick up are fewer. The 50% of our older employes who are working only as we need them are not in such bad circumstances due to the long period of time they have been employed by the Company and the money they have been able to save. The majority of these men own their own homes and can get along for a time with comparatively small earnings. If there is any other information we can give you, we will be very glad to do so upon reques . Yours very truly, V ce 'I; F.-410111(00.1 11133i19,111F, 190Ly8 ..)1.16(welot " O rixturD iritivels.1:11 msdiutyl, 1,4at,:: a 6 1 , September 19, 1921. Colonel George W. Mixter, ?resident, Pierce-Arrow Company, Buffalo, N.Y. Dear Sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, I am anxious to secure some information as to the extent to which workers no longer reported on -Lie )ayrolls of the industrial =acmes found work in some other lines. Several of our directors and one or two others have volunteered just this question to institute a brief inquiry in their several concerns into and to trace out as for as oracticable just what has became of the men they have had to let go, just what they are doing and that percentage of them are now definitely or nearly without means of livelihood. There is a great difference, of course," between this and ing up how many have just count- been dropped from amploylent rolls. I should like, especially, an idea as to what percentage of factory oloyees have gone back to the farms, or to domestic service, or returned to foreign countries. This information is for the conference on unemployment which is to be held in Washington next week and I should be very grateful if you could give me some sort of an answer by Friday of this week. Believe me, Very sincerely yours, BENJAilIN STRONG, Governor. THE PIERCE-ARROW MOTOR CAR COMPANY 1695 ELMWOOD AVENUE BU FFALO. N. Y. September 26, 1921. OFFICE OF THE PRESIDENT Mr. Benjamin Strong, Governor, Federal Reserve Bank of New York, New York City. Dear Sir: This is a tardy acknowledgment of your letter of the 19th asking for certain facts concerning to what degree men laid off at one point have been employed elsewhere. Absence from Buffalo has prevented a prompt anI am enclosing a memorandum On the subject from our industrial man, Mr.Coleman,, which is all we can offer. swer. Accept my apologies for delay in answer, and perhaps lack of detailed figures which you would like. VITAL PLACE OF THE MOTOR CAR "The motor car has become an indispensable instrument in our POLITICAL. SOCIAL and INDUSTRIAL life." http://fraser.stlouisfed.org/ From President Harding's Message to Congress, April 12, 1921. Federal Reserve Bank of St. Louis Yours truly, GEORGE W. MIXTER, President. Per Secy. to the Pr sident. / PIERCE-ARROW MOTOR CAR COMPANY BUFFALO, N. Y. ADMINISTRATION OFFICES MEMORANDUM TO MR. FROM Mixter, President. Robt..F. Coleman. September 22nd, 1921. Referring to the attached letter from the Federal Reserve Bank. I do not know of any possible way that this information can be given without making a personal investigation of one hundred typical cases and assume that the reuult would represent a fair proportion of the total. Such an investigation wouldi necessitate several days I have no one available for the job outside work. and there would be no certainty that the ratio would hold. Our observation is that there is no great amount of unemployment in Buffalo. It seems to be difficult rst class mecha to get econd, because of the are working o other Jo s. fact that we have had a number of lay-offs and old employees who really prefer to work here will not leave other jobs unless we are in a position to guarrantee them steady employment. Laborers and poorer class of mechanics have been employed on country road and street improvements during the summer and at present a good many of them are employed in the country as fruit pickers. This class of men will return to the city wihtout employment during the next three or four weeks. From our observation here at the plant, and from' definate knowledge of one farming section in the center, of the State, and one about thirty miles from this city I am greatly surprised that no larger number of men have returned to the farm. Those who have gone back have to a very large extent left their families in the city apparentlt beleiving that shop work will pick up and the high wages of the past few years will be restored., 6-1 September 19, 1921. General tanager, General Electric Comoany, 120 Broadway, h.Y. City. Dear Sir: In order, if possible, to get a somewhat clearer view of the present situation as regards unemployment, I am anxious to secure some information as to the extent to which workers no longer reported on the payrolls of the industrial concerns found work in some other lines. Several of our directors and one or two others have volunteered to institute a brief inquiry in their several concerns into just this question and to trace out as far as practicable just what has become of ttle men they have had to let go, just what they are doing and what percentage of them are now definitely or nearly without means of livelihood. There is a great difference, of course, between this and ing up how many have been dropped from employment rolls. just count- I should like, especially, an idea as to what percentage of factory employees have gone back to the farms, or to domestic service, or returned to foreign countries. This information is for the conference on unemployment which is to Washington next week and I should be very grateful if you could give sort of an answer by Friday of this week. be held in me some Believe me, Very sincerely yours, , BENJAMIN STRONG, Governor. ./ GENERAL ELECTRIC COMPANY 120 BROADWAY, NEW YORK Septeaber 22, 1921. CE _ PATTERSON VICE PRESIDENT Mr. W. Randolph Burgess, Statistics Department, Federal Reserve Dank of New York, New York, N. Y. Dear Mr. Alrge8s:7., I was out of town when your letter of the 19th was received but it has finally reached me. Of course we are most anXiMIS to co-operate with Governor Strong in every possi... ble way but I fear it would be impossible to give him any concrete information as to the present whereabouts and activities of the former employees of our 50 factories and nearly 100 large offices. They are scattered all over the United States; employ all grades of labor and salary help and the conditions at the different factories and offices vary a great deal in the matter of volume of work, etc. The labor turnover in our many places of employment also varies a good deal. In other words, certain classes are always coming and going. to While I cannot give you any definite information as off in our business has how much real unemployment the falling the Washingoccasioned, there is one suggestion which I think and that is the ton conference would do well to emphasize, during-and since relativity of the whole matter of employuent, the war period. For instance, suppose a company had 5000 2-- employees in December 1916. December 1920. Suppose its peak number was 9000 in Suppose again that in September 1921 the number on its payrolls has deceased to 6000. That company will be vociferously charged with having created unemployment to the extent of 3000 pecple, without, however, being given credit for the creation of employment to the extent of 4000 during this period of prosperity. In all the articles on uneaployment and the tirade against "the existing social order" I have seen there has been practically no emphasis of the foregoing point. Yours very truly, g Vice President. 012P:MH I 902,0 0 /9O ,rf«4-4(fic442*) 26 BROADWAY, 1,11\yi _rt Februarr AffA %RAI Mr. J. H. Case, Acting Governor, Federal Reserve Bank, atildalre c ANis wD VE Afkihe 3'. E. C. Nassau St., New York City. My dear Mr. Case: My let'Ler to speaks for Ben Strong, which I should be glad to have you read, itself, and it is really an acknowledgement of yours to Mr. Bed- ford of February 16th. v7 Very truly yours, 1920 - /e/c442- /Z 26 BROADWAY, February 28th, 1920 Governor Benjamin Strong, Federal Reserve Bank, Nassau St., New York. Dear Ben: Here are the letters of introduction to some of our people in the Far East, the requests for which came around through your associate, Mr. J. H. Case. Mr. Case I guess thoughCthere was only one Standard Oil Company and that the Standard Oil Company (New Jersey),f for he dropped his line to Mr. A. C. Bedford; but you just take it from me there are at least two Standard Oil Companies, and this one of mine is one of them; and don't you forget, when you get the the Far East, that it is the Standard Oil Co. of New York that is the real company and that it is the one doing business "out-that-a-way". I am glad you are going to take the trip, for I know how much you need a change of scene after all the strenuous times you have been through the last few years. Of course I expect to see you before you sail, but if there should be any slip-up whereby I shouldn't, have a good time and personally remember me to all of our representatives with whom you come in contact. With very best wishes, Sincerely yours, Enclosures. Al>6/0-61.4 ,V4,(46/6)4,-,047 26' *,ocirdepee, .40 6To& cAze f/yOr Februar7 26, 1920.. SUBJECT ROOM 1306 2. H. L. Pratt, Building. Dear Mr. Pratt: Complying rrith your request, I take pleasure in enclosing letters of introduction for Governor Benjamin Strong and his party, to the following gentlemen: Mr. H. A. Ensworth, General Manager, with headquarters at Yokohama, in charge of our business in Japan and Korea. In case of Er. Ensworth's absence, the letter may be presented to Mr. A. E. McGlewsat Yokohama, Assistant General Manager. 2. W. 0. Sprague, General Manager, Standard Oil Compmy Of New York, Shan-hai, for North China Division which incip(les Hankow, Tientsin, Peking and all of Manchuria. In the absence of Mr. Sprague, the letter should be presented to either Mr. C. W. Atkinson or La'. V. G. Lyman. Mr. W. B. Walker, with headquarters at Hong Kong, General Manager of South China Division, which includes the Philippines, Indo China and Siam. In Mr. Walker's absence, the letter should be presented to either Mr. D. C. Cameron or Mr. P. W. Parker. Mr. E. H. Rankin, Manager at Singapore, who is under the jurisdiction,of our Batavia office. Mr. C. D. Campbell, General Manager at Batavia, Java, who is in charge of our business in all of Netherlands Indies,' Straits Settlements and Singapore. In Mr. Campbell's absence, the letter should be prebented to Mr. P. D. Tracey, Assistant Manager. Mr. E. R. Rich, General Manager for India, including Rangoon and Ceylon with headquarters at Calcutta. In the absence of Mr. Rich from Calcutta, the letter should be Presented to Mr. W. F. Guthrie. Yours v /7 truly, Herbert L. ?ratt, Esq., Vice-President, Standard Oil Couvany of New York, 28 Broadway, New York, N. Y. dear Mr. Pratt: Thank you for your letter of February 28, enclosing co2y of your letter to Governor Strong, together with letters of introduction for him and his party to your Manages in the Fr East. I at sure the Governor will greatly a?reciate your courtesy fn this matter. Very truly yours, Case, Actin governor. Phoenix, Arizona, March 29, 1920. Mr. Merbert L. Pratt, c/o Standard Oil Co. of New York, 26 Broadway, New York City. Dear Bert: You letter of February 28th hoz juit_reached me, accompanied by letters of introduction which you are good enough to send, and which I assure you will be a great help in.givigg uc an interesting trip, and are much appreciated. You will, I hope, overlook the slip in sending the request to the wrong Standard Oil Company. It is a sure thing that ours ie the only bank in Now York City where ouch a mistake would be likely to happen. Had I been in New York myself, I w7!u1dihave telephonediyou and gotten my- self str ight. As we shall sail from'San Franciseo, I can*.t hope to see you before going, bUt when I get back I-will promise to give you an account of our doings and tell you iust how the Standard Oil Company of New York is behaving 'out-that.-a- way *. My best regards to all the boys at the club and to yournelf. Sincerely yours, 4. 0 DANIEL G. RE ID BANKER TRUST COMPANY BUILDING FOURTEEN WALL STREET NEW YORK Mr. Benjamin Strong, 4100 Montview Boulevaed, Denver, Ooloradolo,_ January 15, 1917. aI.fr JAN 1 9 Dear Mr. Strong: I have intended dropping you a line for several I saw Mr. Mudge here about two weeks asp. were in Denver and looked fine. He told weeks. me that you He spoke about being present at a dinner given in your honor and said that you seemed to enjoy the evening very much. This is just a line to say that I am glad to hear that you are coming along and that the mountain air is doing you great good. With my kindest regards and beet wishes, 'Tours s ely, Denver, Colorado, January 19, 1917. Dear Mr. Reid: This is no place for clams. i never knew sc a town for dragging people out to make speeches and I the news of my a having been victimized in that regard has drifted Eas Mudge referred to was supposed t e dinner Mr. is informal af ir of six or eight men and it was When lub that I was told there were thirty-six guests and I to make an address. However, I have been able to duck /v- since then. It was mighty would be glad to sway news with you if th interest that I could send from here. My time is d tie work and a lot of loafing and reading, mo and 1 am really benefitting a great d by the rest and climate. Some day I hope to be back in bar- ness. many thanks f your letter and warmest regards, I am, Sincerely yours, Daniel G. Reid, 14 Wall St., New York City. BS/CC DANIEL G. R1-13 BANKERS TRUST COMPANY BUILDING FOURTEEN WALL STREET NEW YORK January 24, 1917. Mr. Benjamin Strong, 4100 Mountview Boulevard, Denver, Colorado. JAN271917 Dear Mr. Strong: I am just in receipt of your favor of January the 19th. Very glad indeed to hear from you and also to know that you are feeling so well. You are in a mighty good climAte, and I hope that you will keep out of doors as much as possible. out of doors life is the real thing. I wish I could get more of it. Matters are going along here about as usual. business is very good. General Most of the high class industrial companies have more business than they can handle. night and day. After all the Some of them are working The steel business never has been so good. The output of the Corporation has been sold, as I understand it, up full for the year 1917 and they are now selling goods into next year, particularly rails. Inasmuch as the price is W. a ton as against $28. - the old price - this is good business. Bars or, in other words, plates which used to @ell for $15., and during the past few years for about $18., are now quoted at about t65. per ton. Tin plate which last year was purchasable at $3.40 per hundred pounds, this being the open price, is for the first half of 1917, $5.75 per hundred pounds, and $7, per hundred pounds for the last 0 -2- half. A pretty good advance, don't you think? And the stock is all sold out and, in my opinion, there will be a big shortage of tin plate for this year. Locomotives which sold eighteen months ago at about $26,000. are now $52,000. Cars which two years ago could be bought at $950. each, they are now getting $2100. for. are freight cars, of course. a year ago. These Steel cars are double what they were Everything else in the steel line in proportion. However, I am just in receipt of a letter from Paris, France, in which the writer says they are paying i80 francs a ton for coal. Railroads have reduced their train service 25 per cent, and they are using coal oil lamps in the banks over there; cannot get electricity on account of the cost and scarcity of coal. I see some of our old-time friends every day. They are all on the job here now with the exception of Mr. Davison, who is south quail shooting, and Mr. Wiggin, who is away on a vacation. The ones in town all seem to be well and in good spirits. There is, of course, as you know, quite a little doing in the way of politics. The New York papers are filled with new and sensational stuff every morning and evening. You get all of this, of course. If it keeps up it will be hard for some of aur union fellows to keep to the hours and get full pay. I hope that you may continue to improve and feel better day by day. Why don't you run down to Phoenix, Arizona, for a month or so during the winter months. I know you would like the climate. I have been there, and it is fine. With my very best wishes ad kindest reg4rds, Yours Jef Denver, Colorado, January 27, 1917. Dear Lr. Reid: As my friend Keine of San Francisco says was like "dew on Gideon's fleece" to get your letter of the f4t ing the advice contained in yorr lEtter j1.iost of every day out of doors and sleep outdoors every night, evel, t-o temperatures as low as 10 below I am really follow- we have had ttle later When z improves 1-,am exepcting to pla he weather friends from the East have been visiting me lately and a couple of chaps On Sunday and we had all expected t, in Irizona, but linfortunately the hotels there are out in enix as we malted to get the country, et we may decide to go after all. rho change in is phenomenal. A little Company thc South Taon and which was regarded at one time as lately dead is do with and I judge a allied 'ustries. ' rls I understand is also true in Russia. room a friend said that food was very scarce and expensive, a pint of wine cost 2O and an overcoat transportation as anythin a omplote revolution has taken place in all i Wha. 41141.00000,usayab A recent letter so mush mone7q they don't know what to 1000. This is due as much to else. reading- the accounts of the lea. .c. investigation with keen interest; it has somewhat the appearance of drawing a red herring_across the trail. 2. ToMr. Reid. January 27, 1917. The real question is whether an Etheopian was really cm- cooled in that woodpile and whether the present effort is honestly to discover him and make known his identity, or lead the hunt in some other direction. Personally, I think the - e thing is a lot of sensational nonsense. I susnect most of the old crowd are overworkin d getting too rich. Is there any chance of yo I may go over in June, if ha od this summon but this is for your own information only. With best rega when you see him. Daniel G. id, Esq., t Company Bldg., 14 Wall t.. New York Ci . 1.71kers BS/CC nvey to Judge Moore 6-44",1 ff,ete / JOHN D. RYAN 42 BROADWAY NEW YORK September 3rd, 1914. Benjamin Strong, Jr., Esq., 16 Wall Street, New York. Dear Sir:- I beg to hand you herew th Mr. Ryan's check for $50.22, in accordance with your lett r of September 1st, prorating expense of trip to Washingt Very t CRM/JB. ly yours, ) ! ell tttirtfri CHARLES M. SCHWAB 25 BROADWAY NEW YORK fO December 17, 1923. CkINIO Mr. Benjamin Strong, Governor, iederal . teserve Bank, Jew York City. WIED%D DEC 2 8 -1923 c-4 My dear Mr. Strong:-I have been appointed Chairman of the Special Gifts Committee of the ftarding Aemorial Association in Jew York City. At a meeting of this Committee last week, we distributed the burden of our e250,000. allotment among the various important interest of the city. These, with the exception of the banking interests, have already been asked to contribute collectively The iron and steel industry aloae and have all responded generously. headed by Judge Gary, gave us 45,000. The oil, tobacco, textile, moving picture and other interest have also give their full quota. May I appeal to you individually to he one of the banking fraternity to make a contribution to this fund'? We have allotted to the whole of the News York banking interests the sum of 20,000. which I hope we shall have no difficulty in securing, and I respectfully ask that you share in this President Coolidge and Secretary Mellon, who subscription. are heading this fund, are most anxious for its complete success and I am sure you will feel, as I do, that it is a worthy and patriotic cause. Checks may be drawn to the order of the Harding Of course, Memorial Association and sent to me at this office. you know that contributions to this fund are an allowable deduction on income tax returns. May I have the pleasure of hearing promptly from you, as we should like to close up the whole matter this year. Sincerely yours, - r"7-T-77 tEAW A+, r_A W r? 54. TOT "0,-,41/: .6as ledmeveC: volk_WP 1. 0,03(1 'ZSAt v, cilz,7130.ta .lormevo cilkti tvVIeb01:, ifsT9b, ! ).i107 .TM 1281) VI --*410T$ .01;h0 izI&q eo n12.' 1031- weWLIi holtsleok,t i at4ed everi I !, adJ itc4J!:J114Lill ew tnellogml emo1l2w 511.1 $ lo e.i0/imme0 ill.teem e J,i, ,:,-fi-47 T., , -BAJ to nol#4,0x#46: laevItoelloo a/I:refnm AD4 Lotiavoi #=0u ::2: Tuo IC J-18tTud 9i pA/ to 12eletni %. beqls ev2h ,O. e"letni vilAned .10012 willf,01m1 1(11048 Lhelooll ,A.I: / %lemoqqme14 i..eohocleel,flo eA2d bri4 am evo ivl-f4; 7a11111, tuf bebhed,:,,z)2doit ,00 f,,,li 40Ci *Ilea: 8.v. oe,12 el:wi Iefrienid lerito bna elmtoig rViivom .elltet .edomp Ilml ! orb, 10 9:10 9.cf q4 tii$1,741-17lbal 1., '0: izeqqa lAct.0 _af71III.C114.00 m il.Ler flit :4Altileital:t %.c14,jn,ed_ ..,-..iJ e4eeleln1 11a4fled 74.T1:Y wei, enI ao .5i01.4 ,fo. (:;. Le4011.s eved hl Vlifainlb c,11 evisd Ilhha es eqch 1 .it?lhw :;00,0St le 41.rt aiii3 n1 TIsrf Joy. Jz.pit /taz if,llutoecizet I hne-,wtiTzteL ohw thollel: tvzolt) bn2 enbIleot) 4neO1eet$: .1101$(11%de.dire eeeme eJelqmo) Ell lol eMOIXAB 380 els tbilkI b144 Salbse 9Te tufo th4low 2 el 11 :aril ,oti 7 8B .1(0, illw zoci, Wars me I .6his . .8=2o citoild'eq . , wilbusH efid lc 1010 ,A,I ot ilwelb ed ;Bm e)b&h:.. ,eelmoo 10 .solII(J alAt IB am a/ InsEi Juis nol3slooeLA leilomeM -e.b eidnwolis 112 ple tarn in ot ano.amd,ft/noD lent wonm liwz oF-411m4e1 xeJ elt-D*ill nO nOlJoisii tmox moll zlIgmw.rq 3nllseh lo etmeselq erit evon e;i/ fm ewao o;:i will bILJC'r e1h4 *xellanl taTu0;4 - W c;8 , D(,nember 28, 1923. My dear Mr. Schwab: tith this I am enclosing my check for $100.00, in response to your letter of December 17, as a contribution toward the Farding Memoris1 Fund. I wish I could send you a larger amount, but I shall make a subscription also in Washington through the committee there. I am very sure that there will be no difficulty in raising an Edequate 'amount to carry out the committee's plans. Rith kindest regards, believe me, s Sincerely yours, Mr. Chrles V. Schwab, 25 Broadway, New York, N. Y. BS.W enc. HAR LES M. SC HINIA.B 25 B ROAD WAYSTEW YORK December 31, 1923 14. dear Er. Strong:- Your favor of the twenty-eighth received, enclosing check for 100. toward the Harding Memorial Fund. it is good of you to give me a share of your contribution to this wcTthy cause, and i appreciate it very much. With regards and best wishes for the New Year, Sincerely yours, Er. Benjamin Strong, 15 Nassau Street, New York City. 0 C6F1A_vd 7 13..) ;.?. M 1".0,- ,T'r". -