Word: pierson
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Dates: during 1920-1929
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...word relative to the much heralded results of the United States Chamber of Commerce poll on the Federal Tax Reduction bill. Particularly the statement of Banker Pierson: "The constituency of the Chamber is a cross section of the country." [TIME, Dec. 12] This statement is true but unfortunately the results of any Chamber of Commerce poll are not indicative of the opinions held by its members individually, for this reason: The local Chamber of Commerce has a membership of over thirteen hundred. Without first obtaining an expression from the individual members, six ballots were cast on the question. The reported...
...thwacking," "rebuking," "assailing" letter (as headlines called it) to President Lewis Eugene Pierson of the U. S. Chamber of Commerce. He told Mr. Pierson, who is a banker, that he was surprised by the Chamber's "misconception of facts"; by its "generalizations" about the surplus, which it had no accurate means of estimating; by downright errors in its figures. "Such carelessness," said Secretary Mellon, "is perhaps excusable in a general discussion . . . Certainly it is hard to defend in a report which furnishes the basis for an at- tack on official estimates. . . . This is hardly worthy of a businessmen...
...this & that as eagerly as anyone else, President Coolidge experienced a genuine burst of temper and indignation when, last week, President Pierson and the Chamber again called for a $400,000,000 tax cut. President Pierson said that a referendum of all the Chambers of Commerce had backed their rational executives' program 90% strong. The Chamber was anxious for its tax cut, said President Pierson, even if, combined with big appropriations, it resulted in a deficit. President Coolidge's voice rose and rang bitterly as he called this talk "absurd," especially coming from Business men who apparently were unaware that...
...White House office came Herbert C. Hoover on a trip from the flood district. From the White House came a letter to Lewis E. Pierson, president of the U. S. Chamber of Commerce, requesting further aid from that organization in raising some millions of dollars for flood relief work...
...Reconstruction Committee organized a special Louisiana credit corporation. Federal Intermediate Credit Banks will re-discount farm loans made by this corporation at a ratio of four to one-which means that the corporation will be able to borrow four times as much money as it raises. Meanwhile, Lewis E. Pierson, president of the U. S. Chamber of Commerce, and Eugene Meyer, chairman of the Farm Loan Board, began a campaign among Northern businessmen and bankers, asking them to match, dollar for dollar, the money being raised in Louisiana. Through these two movements Mr. Hoover estimated that $5,000,000 would...