OCR Text |
Show HOOVER SAYS CRISIS PAST WASHINGTON, - Aug. 26 UJ.1M President Hoover today assured banking and industrial leaders from all parts of the country gathered gath-ered in conference here tliat the major financial crisis of the depression de-pression has been overcome. The president said confidence and hope were re-appearing. He explained ex-plained that the conference of banking and industrial committees of the 12 Federal Reserve districts had been summoned here to plan the next moves in the anti-depression war. Mr. Hoover addressed more than 200 bankers and industrialists in the auditorium of Hie new commerce com-merce department building. He was the first of nine speakers. The president cited a program of immediate needs as follows: 1. Better distribution of credit. 2. Coordination of effort to provide pro-vide employment. 3. Agricultural relief. |