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F.D. 12A.3 0/3.3 No Federal Reserve Bank STISC AJ District No. 2 P PER, Correspondence Files Division SUBJECT CoRte.ES. iTH SEcry -Rek-5 0. 7: /72091-1-ER-) etioxt/CS C.o.77eN,7r&-e- CoitiLJC1. / Id 0.1.) ui16-#1-) December Ib, 1921. Mr. Otto T. Mallery, Se cretary of Public Works Committee, The President's Conference on Unemployment, .Washingtun,.D. C. Dear Sir: Mr. Pierre Jay has asked me to acknowledsv with his thanks your letter of December_8, enclosing a copy of your letter of December 6 to Mr. Ayres og_thegOveIand Trust ComPanY, a copy of the Kenyon Bill, and a list of the members of the Senate Committee on 1ducation and Labor. Very truly yours, Shepard Morgan, Assistant Federal Reserve Agent. Ji/I)j/ff BAK) December 15, 1921. Mr. Otto T. Mallery, Secretary of Public Works Committee, The President's Conference on Unemployment, Washington, D. C. Dear Sir: I acknowledge and thank you for your letter of December 8, enclosing a COW of your letter of December 6 to Mr. Ayres of the Cleveland Trust Company, a copy of the Kenyon Bill, and a list of the members of the Senate Committee on Education and Labor. Very truly yours, Jhepmrd ;Niurgan, Assistant Federal Reserve Agent. JvDdsv, THE PRESIDENT'S CONFERENCE ON UNEMPLOYMENT DEPARTMENT OF COMMERCE WASHINGTON EHAL DEC' . , December 8, 1921 My dear Mr. Jay: Enclosed is a copy of my letter to Mr. Ayres regarding the cooperation of the Conference on Financial Statistics in the passage of the bill introduced by Senator Kenyon in the last session of Congress to prepare for future cyclical periods of depression and uneni. A copy of the bilIis also by systems of public works. enclosed and a list of the members of the Senate Committee on Education and Labor, before whom there will be a hearing soon after December 12th. LOOSE IN FILL This bill has the commendation of the President's Conference on Unemployment, and your active interest would be much appreciated. Very truly yours, Otto T. Mallery:V Secretary of Public Works CommitteeLii01.16 \11 SENATE COMMITTEE ON EDUCATION AND LABOR William S. Kenyon William E. Borah Thomas Sterling Lawrence C. Phipps Francis E. Warren David I. Walsh Frank B. Kellogg Samuel M. Shortridge Andrus A. Jones Kenneth McKellar Josiah O. Wolcott COPY THE PRESIDENT'S COMMENCE ON UITMPLOYIKENT DEPARTMENT OF COMMERCE VAEHIECTON December 6, 1921 Mr. Leonard P. Ayreo Cleveland Trust Company Cleveland, Ohio My dear Sir: Mr. William M. btetuart, Director of the Census, has shown me your interesting letter of November 30th concerning financial statistics. In the last paragraph of your letter yeu say: Our entire group is in hearty sympathy and accord with the efforts that you and your co-workers in the Department of Commerce are putting forth in behalf of improved statistical data in the fields of business If we can be of asoietance in any way either in connection with the Kenyon Bill or In other matters relating to similar problems, we shall gladly do our best to help." and finance. Conseeuently I Am bringing to your attention the fact that the Kenyon Bill will have a hearing before the Senate Committee on Educetionand Labor on December 12th, and attach the names of that comeittee. It is believed that a favorable opportunity for the passage of this bill exists if the committee is informed of the interest in it of such busi- ness men and organizations as are represented by your Conference on Financial t'Aatietics. fe are informed that a number of local Chambers of Commerce will pass resolutions approving the bill, but are not informed that it has yet been considered by the Cleveland Chamber. 'Iloilo an emergency is on, the attention of Congress can be obtained for long range plannine of this sort, but not after the emergency is over. The sugeestion of your committee as to the Character of data to be collected under the Kenyon Bill is Very valuable. It is thought, nowevnr, th.t it mould be better not to specify these data in the bill, not only because additional ones might later prove to be desirable, but also becauee it may confuse the issue in the minds of some of the Senators by making it too detailed. I am informed, however, that the Department of Commerce is likely to lean heavily upon the advice of your committee as to data when, after the passage of the bill, it is at liberty to collect and unify such data. As the time is $43 short, I am sending copies of this letter to the members of your :.:onference and calling attention to the dete of the hearing in the expectation that they will desire to take action along the lines suggested in your letter. Very truly yours, Otto T. Mallory Secretary Public Works Committee