OCR Text |
Show ' - Full Steam Ahead sident Hoover's recent action tiling conferences of national fs in finance, Industry, agri-Ve agri-Ve and business, as well as rep-Natives rep-Natives of labor, to lay plans ihe stabilization of economic jtions seems destined to be ictive of most beneficial re- ; Ice the spectacular crash of i lock market a few weeks ago, j j apprehension has been felt ! ,;a recession of industrial ana ess activities would follow, ! consequent unemployment Widespread distress, iirances given by executives Spry branch of business and in- as well as by government fstate officials, have convinc-I convinc-I indicated that no such de-on de-on will be permitted to oc- Iressions from all groups con-1 con-1 are to the effect that their , ams for new construction and il expansion will be carried prd with vigor. The rail-' rail-' alone will spend a billion dol-or dol-or betterments' next year, the one and telegraph compan-'.11 compan-'.11 spend more than a half bil-Jollars, bil-Jollars, the electrical industry ther utilities will spend enor-I enor-I sums, while new construction ;deral and state governments : "e speeded up. The same note lOgress is sounded by other industries and business en-?es, en-?es, and the cooperation cf ized labor in maintaining f in industry has been pledg-t pledg-t -;ead of the depression that .t first feared, it now appears j many millions heretofore de- to speculation may now be - sed to legitimate enterprises enterpris-es making for a greater pros-I pros-I than ever. |