THE NATIONAL CHAMBER OF COMMERCE 
That position has been accurately and authoritatively stated by our 
president, Julius H. Barnes, in a letter addressed to the President 
of the United States. (Resolution, Twelfth Annual Meeting, 1924.) 
FEDERAL TRADE COMMISSION* 
CREATION OF FEDERAL TRADE COMMISSION 
There should be created an interstate trade commission of at 
least five members appointed by the President and confirmed by 
the Senate, not more than a mere majority of whom shall be of 
the same political party. 
Jurisdiction of the commission in conducting finvestigations 
should extend to all corporations engaged in interstate or foreign 
commerce, except such as are amenable to the Interstate Commerce 
Commission. 
Annual reports of corporations, if required, should at the outset 
be confined to those of the larger corporations (say, to those having 
capital resources of $5,000,000 or more or to those having an annual 
income of $2,500,000), and to such other classes of corporations as 
the commission may officially determine. 
In the annual reports made to the commission, corporations 
ought not to be required to disclose trade-processes, shop-costs, 
classification of sales and profits among particular articles, names 
of customers, or other like private information. ; 
The publication of facts obtained by the commission should be 
confined to such as are of public concern. 
Congress should direct the commission to investigate and report 
to Congress at the earliest practicable date on the advisability of 
amending the Sherman Act to allow a greater degree of cooperation 
in the conduct, and for the protection, of foreign trade. (Referen- 
dum No. 7, submitted April 14, 1914.) 
COOPERATION BETWEEN FEDERAL TRADE CoMMISSION 
AND BUSINESS 
Whereas, The Chamber of Commerce of the United States is a 
federation of commercial associations including trade associations; 
and 
* See also: Trade Associations. 
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