Show BUSINESS LEADERS LEADERS nv E ENDORSE DORSE e HOOVE HOOVERS HOOVER'S PLAN N p 1 I INDU INDUSTRY PlAN TO 10 CHOOSE EXECUTIVE BODY HOOY President Offers Work as Simple Remedy for National Ills t WASHINGTON Deo Dee 5 Au Associated ed Press Thc Press Tho represent representatives t vu vuo o of business u and industry atten attending ing the th national business survey l confere conference conference con con- fere ference ce today unanimously passed a resolution indorsing tho the proposal of President Hoover to name nome an ex executive exec exec- c- c committee to represent sent organ organ- organ organ- ired business when necessary anc and empowered tho the chairman Julius Juliu Barnes to appoint such such Q it committee The Tho resolution was approved c after the o conference had listened to td ad addresses dresses l' l b by President Hoover Secretary Secre- Secre tar tary L mont of or the commerce d de- de nt Jull Julius s Barnes chairman n nor of or tho the board of oC thc thic Chamber or Commerce r o of ot U the e Uni United cd States and many other prominent governmental andi and h Industrial leaders T 1 jJ president it ha had f J d l such uch h his ii his address John lt y of t. t Boston Borton 9 presented the t p n o th 19 o.- o. 1 r Mr cs J had been e 1 cU lc t tea cli hm n b of the con conference c enc said MId the committee would d later hater He lie also sal said the coner conference w would uld be adjourned lat late lato t today ny but th that t a Continued on on page S 8 r Y STR OKEH i P PAN Al TO CHOOSE OSE I i 11 r EXECUTIVE BODY DY a p from page pagel 1 ier of at Tcp business busnes j would confer r with i him tonight or Jj Of Offers Offer 8 Work Wark e ASHINGTON Dee Dec 6 5 w- w I good gob old fashioned bid d I. I I. I ki kt was as c by President cs dent 1 i vert vel today as a the best best- tn Iti for the co country's economic ills ll J. J imagined t tat at a 3 bu business c confere confer confer- er e o at hf request by tw the d. d States Chamber of ot CIn- CIn l i predicted 4 nic tu ier construction 0 than Ju n Int in t 1 ar Ho no r reviewed i start ae t through l fUgh t tile the e of of White i e o. o le ces nn and dc declared r I these Jad removed fear of ot uri uri- tin un- 1 t from irom the American bt 1 o f employers not tok to toof k iwa ea n of not 1 tart t ago n nets nets' not t only JY re c p of the Uio tr ut r fear from front mU mu- J Cf li es S 14 ho o d d. d st J to pr ch hea he lie A 52 m may h however howe mention C at w rd wo rk r am glad f tan sport that su such h m has met with universal it r val oval of or all aU those in responsible 31 Jo si Our ya railways and t a aid d t arly of our furg larger r manu manur f 1 f i r c shown a n. most diet die t R spirit pr t in 11 undertaking to maintain In and even cn to expand their and betterment proms pro- pro ms- ms I d wo o t pI presidents president's Ident's address ress feIt 8 H his body r represents the he Indus Indus- s. s the he U United t States You have b n. n 1 d to cre cret create t a a. temporary for tor the he purpose o of syi ay t spreading spreading- into Indus Indus- It 3 a 1 OI mn m measures which 1 11 b taken aken by by- some of or our 1 ig industries to counteract the tho theet et Ct t. t oP q tb recent p nl h in the 11 ni rAt Hiot There has n ar j s mo st start start- rt I 1 oC capital from im u nels o int into spec- spec lon Ion and and after the Ute break brcak b by Ra e reduction tin In i the dem demand nd 1 fo for and aid from tl tle 1 who who- 1 t met with losses losse But t laig t k eff it t w was wa S to create un un un- Und d 1 j f r fear r. r uncertainty a hesitation in hl These c ol emotions if Jt U thI y h 11 ed allowed to torun run Id d. d by feeding on themselves 1 te difficulties The Thoe American to revert crt to l previous C tons when we ws were much less ess 5 o organize r an z to to meet fleet t such sit sit- J n I b WORDS h hese a J potential m difficulties tri 1 en cannot not T b b cured with words Word re e e could d do jab 8 s tho tn merest dc dc- tl lit li bf t. t the 1 f t. our our our- vast kt of oL t. t t a d touch touched d with Ith t the f future of bf the U lt- lt would ad cure curc it instant instant- Th euro curo i for r uch to ns is isIt isil It mv il th the cure ura for unemployment i Jobs e havo to fort fortunately l nat iy sf since i r vl u c crashes crashes' s1 she cs established t a fed fed- ea ral system Th Tho first 8 step step- CP in reco recovering confidence Wi was made nIaO b by th the p effectiveness bf ot f that that- system t and time the strong strong- po position of ot the thC L banks bank 1 the r result of or which lf h steadily diminishing interest inter Inter- est st rat la rates s with yUh th and rapid r return turn Into tim tho channels ot of business of ot Of the money HolY Y previously absorbed b In In Inthe th the speculative market market t. t This This- is isa a reversal rc c 5 1 0 of historic c perI euce euc and is isa Lia- a a- magnificent to the s system stem Capital Is Jug ing moio moro more abundant l In all al al' al alp p parts of ot the thc lC rho ho bond market Is gr growIng growIng- n Ing strong t t. t each day and andal nl al- al iJ s held back for Ol 11 0 have haye e begun begun- to fo appear pear a The second secund action 1 necessary t to I mt n n progress progress' was the the- standards stand tand I ards set b by leading employers that so ab far ar as W wro lO c concerned JJ r d there would be no o to reduce wags wages v and a 3 corr assurance assur assur- an ance nce from the ot lab labor r that on only onU O would they use se Utmost ut utmost ut- ut most ost influence ce to allay labor con con con- filet but would also cooperate with the empI employers els in In- Inthe the present atlon These assurances s have hays ho been n gl given gln n and thereby y wo we not only IY assure as assure is as sure the tho consuming p power of oC th the but we r remove move fear fr eal from ficini millions of homes n t LI LINE E OF ACTION I rho third line line of r has action has been tp to undertake tak through voluntary r- r lon of ol industry tho Hus' c ity and d expansion of ot the th co construction tion Uon and and i maintenance iI nce work o of tIle the 1 co country countr so so as asto to t take k up any slack in It h ml which arIs arises s Jn In iri other directions The extension and ol-g ol organization of of ot work are the purposes of this meeting The Tt eg greatest tb l which our eco co- co non lc system affords for tor the est establishment establishment of oj ot stability is la e eon con on- on ti and nd d maintenance e work th the In Improvement p Ve 1 betterment ter nent and g general leral cleanup p of oJ plan plants plants' sIn In cheaper production preparation for tor i md of the fu future ture turc 7 It Ii has long b been cn agreed by both boUt business men and economists that this Sl gr field of f. f expenditure n could by Its acceleration in i pf o nc need d be bc m Into a n great b balance lan lanc G. G wheel of stability It Jt is that tha its temporary speeding up to ab ab otherwise idle labor br bC Jl gre great t s subsequent benefits mid arid lla- lla A. A Y very ry considerable ns part of ot o oui olur ur ago wage carriers are are employed mp o cd tl arid azid indirectly Jn n uc don tion and th I nd of Its materials In In ii the inevitable Ine periods when the tho de demand do de m mand for toJ consumable goods goods- 1 1 creases and l is fully employed th tile and 1 mi ce CaRT can n- n and W twe we adU actually ly again ag ln gain gaul in th stability No 10 one cue would oc nd advocate l Ute the production oIl of able goods beyond th the th- dally demand de de- mand si that t in It itsel lt only sIs up uP future difficulty The tOt p c. c l and mun municipal tp t.- t. p pal pl governments arc t the most most- gratifying way to to the requests re- re qu quests u to to With cooperate coop cooperate i.-at i. with te federal fed fed- rat eral in in- c every every- ry 1 prudent expansion I 1 ri Q of QC p public bUc v works Much t h Construction work has been postponed post post- jore during tl tile c. c past few Dast t few w mon months bs the c Bh tasel tf mort mart b by rc reason oi of fr t gago p money dU duo to Ito the diversion of t capital to to speculative which v h should soon oon b be released WANTS SYSTEM It Is t. to make this movement 10 nt systematic In all u branches o of ot thc the Industrial wor world that we are her thai is the taskS task I bellevo that with tho t great back logs are arc already assured by bp the public service ice fee institutions and the governmental govern govern- mental li works wor you will be able t to build buildup up the tho construction and main maln activities for activities for tor 93 1930 to toi to toa a a. 19 9 and Higher level level than 1929 that is hat We require Another of at the great cat balance balan e wheels t stability I is our foreign i trade t dc But in In stimulating our exports exports ex- ex ports we WO should be mainly Interested Inter Inter- ested d. d In development work ork abroad su such h as as' roads and n utilities which Increase 3 o UI tho Uio standards standard of ot living ln of peoples peoples' and alid thu 1 Increase ose demand n for tor goods from every nation for tor torD forWe wo We Wet Dj D t j gain ln h In prosperity by y a rous prosperous werM by displacing others All Mi Q bf these theBo haV on one c end d. d to to o MUle assure e m t. t and nd to tc re remove re- re mii move ve th the t fear al' al Of t f unemployment The cr very p tact fact act that you O gentl 1 inon n corno together tor 11 broad Abroad purposes represents an an in inthe n the thu whole conception i tion ot of the tho of ot t ss to P. P er ruo alo You Yot rc represent the tile business df Sf the tho States un undertaking your yoth own own- ol to jQ contribute very very- d den den- l- l to the thc hc an ad advancement of t y and ana progress in our economic lI life J tJ Is Is' a far fat cry from the tho arbitrary and d attitude lt tude of t the e eb b ees world o of om thirty o or forty years ago And this t is c or r Interference by nce b the got gov- cr unc t with bU It is b. a from the government gO that f you o oc c cooperate o in pl prudent measures to solve solve- 1 0 a national problem A A. great responsibility and a a. a great J rc rest t. t upon x the tho business b and OI ons co nf try r Tho Thio tasH 5 oh Is-oh fitted lt d ft to its its' it its i th fine c Initiative ll tH e- e i Beyond this a 3 great t bUll for tor stability arid and prosperity p r resti the whole pe c tto no t to pr preach a h. h I 1 I m may mav v how how- ever cyer mc ld word w W WASHINGTON i Dec ce 5 Ap AP- AP I. I James A A A. A irr lJ pr president Ident ot of the d lj t St Steel t chairman chairman- ot ot j l i foreign I t trade dc c council t today t told told- business r t L' L l t leaders cad era of ot oti i the e nat nation on at fit ail an open Iriri I conference that tho country's for for- Ign trade showed satisfactory re He lie e. e said ld there there sho ho should lq b be no d decline I In and ud and that hat ther was every reason to io h b 00 e- e ft it will continue to increase In tir 1930 There has been a gain In tn both ex cx exports exports ex- ex ports ports' and nd Imports in the first firt ten I of the y year year- he said |