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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





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102