WE TAKE pleasure in reprinting the following letter dated August, 1932, from the Secretary of a Chamber of Commerce in the State of Washington, addressed as above. We cannot praise enough the thought, the high aim, the courage in bringing before his fellow Secretaries these most potent truths, and we would that they could be sent to the Secretary of every Chamber of Commerce in the United States as well as in other countries. The writer of this letter has a clear vision of what must be, and while there has been some improvement over the conditions manifesting when the letter was written, yet there has not been enough change in the hearts of the people—as evidenced by what has been accomplished by the N.R.A.—to make these truths less potent and less applicable today.

If enough Chambers of Commerce could be inspired to act as herein suggested, a very great change would shortly manifest in this discouraged world.—THE EDITOR.

DEAR FELLOW-SECRETARY:

This letter comes from both the heart and the mind. Take it for what it may be worth to you. It is written because of the love the writer has for all of you and the high regard in which he holds the importance and responsibilities of your work.

From January, 1929, to January, 1932, the world trade decreased sixty per cent. Dr. Warren, of Cornell, and Professor Fisher, of Yale, both estimate that the present depression has cost the American people more than $150,000,000,000. It is estimated that the total amount of taxation, Federal, State and municipal, has reached the staggering figure of $14,000,000,000. One dollar of every five of our national income goes to maintain various activities of the governments. Twenty million people in the United States are directly or indirectly dependent upon