Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-23
Rank and File Of American
Citizenry Included in Plea
to Aid Prosperity.
CONFIDENT IN PROSPECT
FOR BETTER CONDITIONS
Industrial Leaders Give Hoover
Assurance During Week
of Conferences.
By the Associated Press.

BY the Associated Press.
To the great rank and file Of Amer
ican citizenry as much as to the
mighty leaders of economic enterprise
is directed President Hoover's plea for
confidence in national business condi-
tions and assistance in sustaining and
increasing the country's prosperity.
He has called to his side the men
who guide the destinies of industry,
transportation and finance; but the
wage earners, the small-salaried men
In short, the Nations great consuming
mass-hold an equally vital place III
the Chief Executives plans for Amer
ica'S economic future.
These Mr.. Hoover asks to share his
own belief in the fundamental sound
ness of business conditions, and his
own confidence that neither hard times
nor unemployment are to follow the
recent stock market collapse.
-. The indications, he tells them, all
point in the opposite direction, and to
bolster this view he has marShaled an
impressive array Of statistics on impend-
ing construction activities, received the
assurances of industrial leaders that no
wage reductions will be instituted ana
set the agencies of the Government to
functicning.
Fighting Apprehension.
Mr.. Hoover fully realizes and is
anxious to allay the natural appre-
hension caused by the decline in se-
curity prices and the attendant In
clination of the workingman to re-
fOVs
and little luXurieS alike. Taken in the
aggregate, he feels that such a recess
sion would bring about a serious de-
crease in the general demand for COM
modities, thus bringing on the very Sit
uation which the consumer fears ana
the President is campaigning to avert.
This attitude on the part Of Mr..
Hoover is regarded as significant fea-
ture of his calling the leaders Of or
ganized labor into the series of confer
ences with which his week was crowded.
He brought about a truce in the eternal
warfare between capital and labor, but
at the same time sought to buttreSS the
morale Of the wage earners.
These two approacheS-the psyche
logical and the practical-are considered
to have been the outstanding character
isticS Of Mr.. Hoover'S campaign for
business stabilization and stimulation.
an optimistic business outlook with
practical steps designed to make such
an outcome a certainty.
During the week which ends today
the Chief Executive conferred with the
presidents of the great Eastern rail-
roads, influential bankers from all sec
tions Of the country, industrial leaders
whose aggregate business connections
employ millions of workers, the leaders
lnt1 nY1I 1l i've,
tors, road builders and manufacturers
of building materials. In addition, he
plans discussions with spokesmen for
the leading farm organizations and
public utility companies.
Support Is Assured.
Out of the conferences have come
assurances of the hearty support and
cooperation of the great business in
terests. programs for expanded railroad
and telegraph and telephone and high
way construction which will give en-
ployment to thousands of workers, not
only In construction work itself, but in
the manufacture of materials; the
agreement of the industrial leaders not
to reduce wages and of the labor spokeS-
men not to initiate new moves for in
creases until the present situation is
past and the prospective formulation of
SOAIOA1AdAAA6 SO4h1iASOCC duo-
piceS of the United States Chamber of
Commerce to look into the stability of
American business.
AS practical steps by the Govern
ment, Mr.. Hoover followed an an
nouncement of a prospective tax reduc-
tion with one that Congress will be
asked for a 100000 increase in
the Federal building program and the
publication Of plan for awarding
ocean mail contracts which, it was pre-
dicted, will fill the shipyards to ca
pacity with new construction within
the space of six months.
AS an important accompanying move,
Henry Ford announced after the con-
ference of industrial leaders that gen.
eral raise in wages is to be effective i'm,
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