Page:Stabilizing the dollar, Fisher, 1920.djvu/330

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276
STABILIZING THE DOLLAR
[App. IV
feasible. The details of the plan, the time of its introduction, and the question whether international agreement is indispensable, should receive the immediate attention of statesmen and economists."


The Bridgeport Chamber of Commerce appointed a committee, the report of which was adopted, and from which report I quote:


"Resolved: That the Bridgeport Chamber of Commerce, recognizing the many evils that flow from the ever-changing value of the dollar, hereby calls upon Congress to enact such legislation, if it be feasible, as shall tend to make the dollar stable at all times in its purchasing power ; and to that end it respectfully recommends the adoption, in substantial form, of the plan put forward by Professor Irving Fisher for stabilizing the dollar by adding weight thereto or subtracting therefrom in accordance with the fluctuations of prices as represented by the index numbers."


The Waterbury Chamber of Commerce adopted a similar report, of which the chief paragraph reads:


"Therefore, Be It Resolved, that The Waterbury Chamber of Commerce records itself as in favor of the enactment by Congress of such legislation as is necessary to put Professor Fisher's plan into operation."


The Society of Polish Engineers and Merchants in America passed the following resolution:


"After a thorough discussion of the lecture by Professor Irving Fisher, the members of the Society of Polish Engineers and Merchants and their guests present at this meeting, agree with him unanimously in the soundness of his theory and propose that the Board of Directors of the Society of Polish Engineers and Merchants take the necessary steps to foster this idea in Poland."


The New England Association of Purchasing Agents resolved:


"that we, the New England Association of Purchasing Agents, record our earnest belief that, in the interests of sound business, and justice between contracting parties, the purchasing power of the dollar should be stabilized, either, as we believe has been shown to be feasible, by varying the weight of gold in the dollar, or by such other means as may be found by Congress most expedient."