THE NATIONAL CHAMBER OF COMMERCE
ment, and would, as a matter of fact, involve delay and disappoint-
ment and the unwarranted withholding of the needed moral support
of this country. (Resolution, Twelfth Annual Meeting, 1924.)
CoURT OF INTERNATIONAL JUSTICE
The United States is committed emphatically and always has
stood for the peaceful solution of international disputes. It has
historically advocated and agitated for the formation of an inter-
national judicial tribunal for this purpose. The Permanent Court
of International Justice is the embodiment of the aspiration and
effort of our leading statesmen and jurists. By resolution of the
last three annual meetings the Chamber has consistently and insist-
ently endorsed the adherence of the United States to the Permanent
Court on the conditions laid down by the Executive and former
Secretary of State Hughes.
The President of the United States has stated his position
unequivocally, and the Chamber expresses its disappointment at the
delay in effecting the recommendation of the Executive. It believes
that the objections which have been made to the entrance of the
United States into the present court are unimportant as compared
with the advantages which would accrue to us and the support and
impetus which our action would give to the promotion of interna-
tional justice and the furtherance of international peace. The
Chamber reiterates its position in support of the Permanent Court
of International Justice and urges the adherence of the United
States thereto at the forthcoming session of Congress. (Resolution,
Thirteenth Annual Meeting, 1925.)
INTERNATIONAL EcoNoMIc RESTORATION
The annual meeting joins with the recent action of the Interna-
tional Chamber of Commerce in declaring that the plans submitted
by the two Committees of Experts to the Reparations Commission
on April 9 provide a basis for a permanent settlement of the problem
of reparations, and furthermore offer a real prospect of providing
practical measures for the removal of obstacles which hitherto have
appeared insurmountable. We also agree with the International
Chamber of Commerce that the reports of the experts offer oppor-
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