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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