PRESIDENT HARDING GETS ADVICE FROM PROMINENT FIGURES IN FINANCE & INDUSTRY
Washington, D.C. (JFK+50) In the evening of May 26, 1921, "the foundations for a series of discussions...on specific problems affecting the financial world" was laid out at a dinner held at the Executive Mansion here in the Nation's Capital.
The New York Tribune reports that President Warren G. Harding was advised by "some of the most prominent figures in American finance and industry...on ways and means to stabilize conditions and hasten 'the return to normalcy*.'"
The prominent advisers included J.P. Morgan, Paul Warburg, James A. Alexander, Charles A. Sabin, Governor Benjamin Strong, C.E. Mitchell, William Kent and F.C. McEldowney.
*'Return to normalcy' was Harding's campaign slogan in the presidential election of 1920. It evoked a return to life before World War I, the Red Scare and the Spanish Flu epidemic. President Harding said...
"America's present need is not nostrums, but normalcy."
SOURCE
"Harding Calls Bankers to Loan Parley," The New York Tribune, May 27, 1921, Chronicling America, Library of Congress, www.loc.gov/
