THE NATIONAL CHAMBER OF COMMERCE
extension of other forms of activity, and all other branches of
American industry and commerce, however remote from agriculture,
have vital interest in the welfare of agriculture.
Misfortune has come to some forms of agriculture by reason in
part of conditions to which all business activity is subject, and in
part to the hazards to which agriculture is peculiarly exposed. This
situation has demanded the cooperation of business interests, and
we are gratified that material aid has thus been extended. We pledge
the Chamber of Commerce of the United States to support other
measures which are calculated to enable branches of agriculture
which are distressed to improve their opportunity for the success
which each field of American economic activity wishes for all others.
To that end means should be found to improve the efficiency of the
methods of marketing at the disposal of agriculture, and every other
measure founded on the principles which will tend to stability
should be provided. Any proposal for buying, selling, manufac-
turing or other handling of agricultural products by government
agencies, however, whether under the pretense of the exertion of
price influences or otherwise, we oppose as contrary to the principles
for which the Chamber has stood with respect to other fields of
activity and as sure to result disastrously for agriculture itself and
thus bring great detriment to all branches of industry and commerce.
(Resolution, Twelfth Annual Meeting, 1924.)
SpeEcULATION IN Foop STUFFS
The harmful effect of incessant wide speculative fluctuations in
the price of grain, upon all interests connected with the production,
conversion, distribution and export of our vast cereal crops and
upon our foreign commerce generally, is so self-evident as to seem to
demand prompt remedial measures by the principal grain exchanges.
We commend the efforts of the Department of Agriculture to bring
about such voluntary constructive action. (Resolution, Thirteenth
Annual Meeting, 1925.)
AGRICULTURE
The welfare of American agriculture is of primary concern to
our nation. On the prosperity of the farmer largely rests the suc-
41