HARDWOOD RECORD 



35 



exchange, were requested to attend in behalf of the exchange. After 

 routine business was transacted Charles M. Chesnut, chairman of the 

 committee appointed to represent the exchange at the annual meeting of 

 the National Kivers and Harbors Congress, held in Washington, D. C, 

 December 9, 10 and 11, read an elaborate report on the work accomplished 

 and in contemplation by this body. Interesting and emphatic speeches 

 were made by numerous senators and merchants on the subject in question 

 and various points of interest were discussed. 



Great Importance of National Chamber of Commerce Shown in 

 Program of Meeting 



At this crucial time, when business is facing a situation unique in the 

 world's history, commercial leaders are looking forward to the meeting 

 of the Chamber of Commerce of the United States, in Washington, D. C, 

 beginning February 3, as the greatest and most significant gathering of 

 business men during the year. There are already indications of a 

 record-breaking attendance. 



What President Wilson will have to say when be addresses the con- 

 vention will bo awaited with particular expectancy, as it is anticipated 

 his speech will definitely outline the general attitude of the present 

 administration toward business after the passage of the tariff and busi- 

 ness regulatory legislatiou. His speech will mark one of the few occa- 

 sions when the President has taken an opportunity to go direct to the 

 business men of the country, and it is generally supposed he will take 

 this opportunity for a vigorous discussion of the commercial crisis which 

 the United States is now facing. Undoubtedly, there will be a strong 

 exposition of the legislation enacted during his administration, with 

 possibly a definite outline of what the President has in mind for the 

 future. 



The foreign trade situation will be dealt with at length by both the 

 Secretary of State and the Secretary of Commerce. With the present 

 agitation and encouragement at zenith, for American business men to 

 seek new fields, Mr. Bryan and Mr. Redfield will have messages of 

 unusual Import. There will be brought out the vital question of the atti- 

 tude of the administration in backing up American investors in foreign 

 countries in case of difBculties. Secretary Redfield will deal with the 

 general development of the foreign trade and his presentation will be 

 ably supported by Dr. Edward E. Pratt, Chief o£ the Bureau of Foreign 

 and Domestic Commerce, and other prominent speakers on different phases 

 of the subject, such as Latin-American and Oriental commerce. 



Discussion of the relation of the federal reserve act to trade expansion - 

 will be lead by Samuel McRoberts, vice-president of the National City 

 Bank of New York. Following this will come a report of the foreign 

 trade committee of the Chamber of Commerce of the United States, In 

 favor of permitting a greater degree of combination for development of 

 foreign trade. 



The biggest question affecting business before the present session of 

 Congress — an American merchant marine — will be dealt with by Secre- 

 tary Mc.idoo. He will voice the administration sentiment and another 

 speaker will be heard on the other side. Supplementary to the discus- 

 sion will be the report of the Chamber of Commerce committee on mer- 

 chant marine. 



Interest will center on new business legislation. Charles H. Hamlin, 

 governor of the Federal Reserve Board, will give additional interpreta- 

 tion to the new reserve system and its relation to commercial develop- 

 ment. Joseph E. Davies, Commissioner of Corporations, who has an excel- 

 lent idea of the scope and possibilities of the Federal Trade Commission, 

 will explain the act which will soon become so- vital a part of the nation's 

 business. 



■ Inasmuch as the Chamber of Commerce of the United States stands in 

 somewhat the same relation to the chambers of commerce throughout the 

 land that the federal government does to the states, the message of Presi- 

 dent Fahey representing the organization will have decidedly more than 

 passing interest, in these war times, for the assembled officials and 

 delegates who will come from all parts of the country to learn his views. 

 In announcing the program Elliot H. Goodwin, the general secretary, 

 said there would be reports of important committees, dealing with the 

 maintenance of resale prices and with uniform food and drug regulations. 

 According to Mr. Goodwin, there will be special consideration of meth- 

 ods of upbuilding commercial organizations. 



The meeting will begin on the morning of Wednesday, February :!, and 

 will last tlirough Thursday and Friday. All sessions will be held at the 

 )«ew Willard hotel. President Wilson will speak at the dinner Thursday 

 evening. 



Memphis Club Installs Officers 



One 01' Ihi: St enjoyablo meetings in the history of the Lumlicrmen's 



Club of Memphis was that held at the Hotel Gayoso, Friday evening. 

 January !.">. Jlost of the members of the club were present and, in 

 addftion thereto, there were a nnmber of guests, including Edgar Watkings. 

 special examiner of the Interstate Commerce rommission, J. R. Walker 

 and Luther Walter, attorneys for the Southern Hardwood Traffic Asso- 

 ciation, a number of railroad men and a great many of the delegates to 

 the annual of the (Jum Lumber Manufacturers' Association held here 

 January IG. A splendid dinner was sen-ed. The regular routine business 

 of the club was transacted and the newly elected officers and directors 

 were installed. The president and secretary-treasurer submitted their 



annual reports. Immediately after President-elect Kadel was inducted 

 into office he read the appointment of standing committees for the current 

 year. 



President Kadel, in assuming the chair, said that he was not going 

 to make a long speech. He declared that he and the other officers of 

 the club would hold themselves in readiness to do the bidding of the 

 organization. 



II. B. Ander.son, secretary of the Anderson-Tully Company and W. R. 

 Brown of the Eddy B. Brown Lumber Company, were elected to active 



membership. 



Announcement was made that an invitation has been received for every 

 member of the dub to attend the annual of the Hardwood Manufacturers' 

 .\ssociation of the United States to be held at Cincinnati January 28 

 and 29. ' 



It was decided at this meeting to extend an invitation to the National 

 Hardwood Lumber Association to hold its next annual In Memphis. Max 

 Sondheimer said he thought It alright to extend the Invitation but that 

 there was no chance of getting it as long as Memphis was dry. 



Secretary-treasurer Kadel, in his report, showed that the club had paid 

 every obligation during the past year out of the funds in the bands of 

 that organization, that it did not owe a dollar, and that it had a small 

 cash balance on hand. 



President Allen said in his annual report that he was overcome by 

 the responsibilities of this position when he assumed the presidency of 

 the club but assured every member that no one need have such fears 

 because of the ready manner in which everyone belonging to that body 

 aided the president and all of the other officers in the discharge of their 

 duties. President Allen was particularly emphatic in his appreciation of 

 the splendid services rendered by Secretary Kadel during the past year 

 and expressed pleasure that the club had recognized his ability by elevating 

 him to the highest office in its gift. He detailed the splendid manner 

 in which all of the standing committees had handled the work intrusted 

 to them during the year and congratulated the club upon having such 

 excellent material from which to select its standing committeemen. He 

 showed that there has been a net gain of five members during the year, 

 twenty-one having been elected, one having been removed by death and 

 fifteen by resignation or suspension. He further showed that the total 

 membership was ICO, there being 143 active, 14 associate and 3 honorary. 

 As to the accomplishments of the year, be referred to the completion 

 and furnishing of the rooms in the Business Men's Club occupied by the 

 Lumbermen's Club of Memphis as permanent headquarters. lie said that 

 this bad involved an expenditure of more than $1,000 but that it had, 

 like all other obligations, been paid from the treasury without the necessity 

 of any assistance whatever during the year. He also said that it was 

 his personal ambition, on becoming president, to see the establishment of a 

 surplus fund for entertaining conventions and other bodies and he hoped 

 that it would be possible to witness the accomplishment of this in the 

 future. 



President Allen recommended that there be a change in the constitution, 

 exempting the president of the club from the payment of dues during 

 his term of office, and providing for the payment of a small compensation 

 to the secretary. He also recommended that Robert's Rules of Order be 

 adopted as the official guide of the organization in its parliamentary 

 procedure. He said that he had been requested to make recommendations 

 covering changes in connection with the election of the president of the 

 club but that he was not in position to handle the matter intelligently 

 and preferred that it should be taken up later after it had been given 

 more mature consideration. 



President Allen referred to the very serious depression which had 

 overtaken the lumber industry during the past few months. He said that 

 the members had fought a good fight and he expressed the hope that the 

 members would soon recover from the ill effects they bad suffered. 



President .Mien was profuse in his thanks to the officers and directors 

 who had so ably cooperated with him during the past year and he also 

 expressed his warm gratitude to the members of the organization for their 

 uniform and unfailing courtesy as well as their assistance on every 

 possible occasion. 



On the conclusidn' of President Allen's address and the surrendering 

 of the chair to bis successor, President Kadel appointed a committee of 

 five consisting of J. W. Dickson, J. D. Allen, C. R. Tustin, C. C. Lattaner 

 and L. W. Ford to go over these recommendations and make report to 

 the club. 



Edgar Watkins made a brief talk which was very much enjoyed. lie 

 exploded the idea that the man who had a position with the United States 

 government had an easy thing. He declared that his employer demanded 

 longer hours and paid less for the work than any other in existence. lie 

 said that he was anxious to get away from rate matters because they 

 occupied the biggest part of his time. He discovered the fact that there 

 were a number of railroad men and lumbermen present who had given 

 him a great deal of trouble in the past fCsv days and said that it he had 

 any malice in his heart he would get even with them by talking for two 

 and a half hours. He referred to J. R. Walker as exhibit number one 

 and Luther Walter, who he said had a tap line from his home in Chicago 

 to one of the big breweries there, as exhibit number two. lie said he 

 occasionally asked questions during hearings in rate cases and it occurred 

 to him to "ask several questions Just now. One which seemed to trouble 

 him a great deal at first was why the Lumbermen's Club o( Memphis 



