The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-11-18
NATIONS FOREMOST
LEADERS CALLED TO
HOOVER CONFERENCE
Chief Executive Seeks Plans for
Stabilizing and Expand
ing Business
FARM sP0KEsMEN ARE BID
President Hops to Danish All
Foolish Psssilnisrn 40 TO
Business Conditions
FARM sPokesmeH ARE BID

washington, NOV. l6.-(HJ-PreSl.
dent Hoover today cancelled prac-
tically all engagements SO he might
be uninterrupted In his work Of pre-
pairing for the opening Of the busi-
ness conferences tomorrow.
The president Is studying the whole
field with view to having formulated
speedily . program under which gov
ernment and commercial and other
agencies Of the country may be CO.
ordinated to promote continued busi-
ness progress.
Secretary Lamont, who has been
one Of Mr.. Hoover's advisers In the
situation which developed with the
disturbance in the New York stock
market, said today existing agencies
In the government and the CONNER
cial and industrial fields would be
depended upon to carry out any pro-
gram which might be determined up.
on during the conferences starting to.
morrow.
The commerce secretary added that
his own department and the United
States chamber Of commerce would be
among such agencies that would be
utilized.
Afranges Series q Meetings
Abandoning his original scheme OF
one small conference to include rep
representatives Of oil these fields, the
chief executive has arranged Z series
Of meetings to b held from day to
day. each attended by men pgogni-
nently identified with some .particu-
lar phase Of economic endeavog.
Tomorrow. Mr.. Hoover will confer
with presidents Of the great eastern
railroads: on Wednesday, Officials Of
the United States chamber Of COM
merce and leaders Of industry and
manufacturing will be called In: on
Thursday. spokesuaen for the leading
farm organizations will assemble with
the president: and later he will meet
with leaders Of American labor.
Hopes = Dissslve Pessimism
AS an important result. the chief
executive hopes to dissolve and ban
ish all foolish pessimism as to buSi-
ness conditions. which he considers
emphattcally sound. to obviate any
III effects that might arise from the
recent and extensive decline In se.
curity prices and 70 stimulate into
high activity those few fields Of bust-
ness that fell behind during the boom
and collapse Of the stock market.
The president expects to accomplish
this purpose BY working through ex-
isting and recognised agencies, and
sees no necessity for creating some
super organization" to put it, sh0ul-
der behind the project. To co0rdi-
nate the plans evolved BY the group
conferences. general meetings such rs
he planned ct first can Be held.
Te Stimulate Experts
Mr.. Hoover looks to organizations
such ~ the United States Chamber Of
Commerce. the American Federation
of Labor, the American Railway as
sociation. the American Bankers as
sociation and the various farm or
ganisations to make full use Of their
present machinery tn achieving the
results he has outlined.
Especial attention will be paid the
possibility Of stimulating exports
when the agricultural leaders gather
with the president On Thursday. The
meeting viii be attended BY Secretary
Hyde Of the agricultural department.
and Chairman Legge Of the federal
farm hoard.
Particularly. Mr.. Hoover hopes 70
stimulate American building Of both
. private and public nature ii order
to takk up any slack In employment
which might result from the stock
mayiet crash. and . possible decrease
Ia the demand Tor articles commonly
chased O. lllxuries.