Show I m nURE MUST I rACE PACE WITH RM M DEVELOPMENT L t r Says H Hoover r G Greatest Construction nc on I Problem Facing cr C Country S Development of or J e O k f tho the doit do- do keep kep pace w with it r A to 10 IO nf r r Industry Is s one or of the tiro ot of nent problems fact fac fac- reconstruction tion Hoover doVie do- do Vie th roan count t I i Herbert address bethe be bc- tonight ht in an td lt here bere Society of or En Engineers lne rs i rn the thelt wort worl ers from I drawing atries arc out and Ir If wo far arms he pointed exports export or of in Indus Indus- dus td 14 d the our next five years ns as sr d during the last have base we e 11 M r b by that time be beMS t we e shall hall MS year with 1 tb the necessity of ot importing tuffs is more moro than an eco ceo P s problem n. because from Ie c one enc overseas overseas on supplies S for forS or orve on I Ie about their S will be concerned I ve ae ourselves discuss discussing find and o of the seas Our InSi In In- i on d more I Si will become u le 1 relations said and w-and and Unless s the o t I tI Mutt V t he be Its ideal we will willI willi I n I serves ourselves with moro more moron lion to n burden maintain great military and nn I ITil the develop and Imperil forces Tit Til al life lite which rests t of oC r our national of oC our farms and surIlla sur sur- I spirit 11 Illa I. I c qU sir s cm Ow our v flake e Attractive Is the Hie need for constructive tit as lS and action in regard to the Industrial relations of our knew nm Slid aid aid l the e need for similar thought stellar similar activity is still greater The agri- agri Ii b re regard ard to a agriculture ure t ral Industry he lie explained must attractive e This made ro ue economically I II I to boo accomplished he declared b by I the defects In our and Ind distribution systems advocated to ton Lures which he n this about aMut Include tl the o develop develop- t 10 of the waterways waterway's from the great reat i t es to the tho Atlantic replacement o lal ial control of oC refrigerator car cars kurds and elevators b by construe public B service government regu regu- a 11 of or the units units' of produce business s to provide pro free I tHUon co operative marketing action In Inflation which he beT bees be be- T ts es will lef leesen en the excessive c nuni- nuni of sf persons en engaged in foo food 1 dis- dis standardization of products n la In into our ourt it at t national boards of or tra trade c. c with a ato ato to 10 extending their legitimate kons ons or preventing their abuse development of ot mechanical ral equipment Lakes Lake Ir k Ion Load II i I. I r Hoover Hoo expressed the belief that I j ment elo of ot the great relt lakes trInis would auld remove c a n conSider conSider-a. l t of or the peak pak p load Joad on the tho trunk unk line railways during the tha crop movement season n when the shortage of or cars causes increased prices and find employment for the great mercantile l i fleet which We vc have ha created if the development de- de j J was carried c. carried out lie estimated estimated eStImated esti esti- mated that the sain saving In the thc transportation transportation tation of grain would bo be 5 or I T If cents a bushel When concerns en-as-d en In the manufacture manufacture manufacture manu manu- facture and sale of produce reach such dimensions that they can influence prices or dominate public affairs either cither eith- eith er with deliberation or innocence ho lie said they should b be placed under re regulations reg reg- and restraint Mr Hover declared declared de de- dc that he was opposed to government government govern govern- ment ownership and expressed the behot belief be be- hot lief that the test lest to be applied to de determine determine determine de- de termine whether regulation was necessary necessary sary should bo be not the size of or the institution In Institution In in- or the volume of capital c that It employs but the proportion of the com commodity mod It that it controls In Its op erl lions Calling attention attention to credit Inflation ho he declared that If Ir If we have hare a R. wise and stead steady reduction inflation It will be a skillful dealer deater who escapes a arc re reduction reduction re- re in the scale of profits This deflation he ho explained should hould be made progressively el and with care In order that there shall be no sudden breaks with their resulting demoralization unemployment unemployment un un- un employment and miser misery |