Show e U U. S S. TRADE TRAD E. E LEADERS NOT TO CUT W WAGES AGES f RD RAI S AT HIS PLANTS General Increase s Necessary Necessary sary Automobile Magnate Mag g- g nate Says CONFERENCE HE HELD L D 5 Billion to o Be Spent on Building Press The Press The biggest industrial r captains cap cap- tam of f America who marshal bil billions lions of dollars dollar and thousands tho sandl of workmen with President Hoover to today not notto to reduce wages during the present financial re readjustment ro re- adjustment Til The conference of ot business leaders lead lead- leaders ers followed similar me meetings t with heads of oC the nations nation's greatest railroads railroads rail rail- roads and alid with Hh the thc federal reserve board af after ler which it was announced the tho railroads go ahead billion doll dollar l. l improvement program program and tho the board predicted l lower r money rates soon would be bo in force torce lIel Henry ry 1 Ford ord billionaire automobile automobile automo automo- bile manufacturer went even even- further further fur fur- ther thee In a personal l statement issued r following the iho billionaire con conference re n his cabinet cabinet cabi cabi- bl- bl net room Kas not hot oven even ev n th stay stay- on on th 1 vel They nun must go up tip Ford said Ia Ford has decided upon p n ag a general wage wage S Increase ft in his gigantic pla plants ts TO GIVE DETAILS He made this made this known to the Unit Unit- cd Press Ford expects to announce in detail shortly th the exact amount of or the the- increases In a a. statement Issued after ater the presidents president's conference conference- the automobile automo I bile bUe manufacturer Ur d th that should generally to expand buying po power er of ot the American h hOrn me e. e Employers with huge pa payrolls r such as U Henry nry Ford lord Owen X D YOWl Young head of General General- Electric heads of ot gr steel great companies panics m mall lI or order houses department st stores res and other u vast t industries Industries' pledged d d. the president to k keep beep p. p wages at least as LS hl high h as at J present This initiative D was expected e. at the White House l to encourage all business s men to maintain the bu buying busIng power of ot tho the Continued on page e 7 n. n FORD PLANS TO TOR R RASE ISE SE SALARIES AT HIS PLANTS Continued from Crom page 1 nation b by insuring full pay envelopes enve enve- lopes Jopes CALAMITY FEARED The greatest calamity that could happen at nt this time man many felt would be be- beto to force torce down and cut off art the normal purchases o of the average American tamU family famil Pr President Hoover is said to have I been eSI especially pleased at reports that tho the automobile Industry supposed sup sup- posed to bo be suffering from rom a lack lackor of or orders was in fn good A s sea seasonal seasonal sea sea- a- a in orders has taken pla place e but it Is no larger than usual It was understood 1 Reports Report of ot steel men It was learned were extremely optimistic Conditions at mills were wera |