Evening star., 1929-11-23
PUBLIC IS INCLUDED
IN BUSINESS PLAN
President Calls Upon Citizens
for Confidence in Prospect
for Prosperity.
Continued From First pasel

Continued From First Page)
mediately throughout the entire Ford
organization. He advised that similar
steps be taken by employers the Nation
over.
From their conference with the Pres
tdent the Eastern railroad men went
the American Railway Association
There they laid the results of their
White House discussion before the great
railroad executives of the entire coun-
try. and late yesterday Mr.. Hoover re-
ceived a telegram assuring him of the
support of the transportation men, and
that 1880 will see an increased demand
for railroad equipment and steel rails.
New Work in Prospect.
The President also conferred late in
the day with representatives of the
building industry. They told him that
q 10 per cent increase in highway con-
struction is in prospect for the next
year and estimated that the total ex-
penditure for this purpose would be ap-
proximately $1.100.000, 900.
The construction group is to form
a committee which will cooperate
with the committees of other industries
In co-ordinating and advancing the
Presidents plans. Representatives OF
the electric power, light and gas in
dustries are to meet in New York on
Tuesday to see what can be done III
their field in conformity with MIR.
Hoover'S program.
The United States Chamber of Com
merce has called a meeting for Ds-
cember 5. at which its general COM
mittee will be established
Text or Report.
The full text of the report Of the
railroad men to President Hoover Is
as follows:
chicago, H.. November ~.
The President,
Washington, D. C.:
The railway executives who were
called into conference by you at
Washington last Tuesday have. as you
requested, communicated to their as
sociate executives at the meeting held
today In Chicago, the views you ex-
pressed to them in respect to main
tanning stability and promoting pros
perity in business, and am authorized
to give you the assurance OF their very
sincere and earnest spirit Of co-opers-
ton in the work you have undertaken
These executives, in their assoc1-
ations, represent approximately 81 per
cent of the total operating revenues
and approximately 81 per cent OF the
total railway mileage in the United
States. They realize the national inn
portance to the social and economic
well-being of the country of business
stability and prosperity and their duty
so to discharge their transportation re-
sponSibilities as to make their service
harmonize with the wisest and most
intelligent Judgment and plans for the
public welfare.
The program of capital expenditures
already arranged for is impressive,
a. -
to 81 ,247, ,792 900 for class railways, OF
which 1878 3,972,o0 remained on that
date to be expended. This figure of
$1,247, ,T92. 900 compares with q capital
program of S902, ,307, 900 for the same
period of 1928, an increase of over SO
per cent.
The number Of freight cars on order
on October was 2s,481. greater hg-
ure than on the corresponding date in
any year since 1925, and this number
has been increased as of November to
33.642, which is an increase OF 2T,65l
compared with the same date q year
ago. On October l there were S54 lo-
conotives on order, as compared with
113 on the same date in 1928 and 134
in 1927.
Steel Rails Ordered.
There are also now on order ap-
proximately 100000 tons Of steel rails
for delivery beginning early in 1880. 1t
is estimated that this will be increased
by orders for approximately 100000
additional tons, which would make the
rail deliveries In 1880 approximately o.
100000 tons and substantially in excess
Of last year.
Not believing that there is anything
In existing conditions to require it, the
executives have no purpose whatever to
reduce or abandon any part of this pro-
gram. They are proceeding with con-
fidence In the future business prosperity
Of the country and in reliance upon the
full cooperation of industry In all its
branches, equally interested under these
circumstances. 1t Is their hope and
expectation to proceed on at least a
normal basis in their future capital and
maintenance expenditures.
A movement to increase them, how
ever has been started and is being ac-
lively and intelligently pressed forward.
In respect to your desire to organize a
committee of contact for the various
Industries and with a view Of harmon
lzing and stimulating constructive work,
resolutions were adopted at this meet
ing designating me as chairman Of the
executive committee Of the Associa-
ton of Railway Executives, to act for
the railways as a means Of keeping
them in touch with other industrial
groups and with developments as they
occur; and I was requested to assure
you of the willingness of the executives
to assemble and make serviceable,
through competent agencies, current
figures with respect to capital expendi-
lures and other available information
that may be desired. r. H. ASHTON,
President the American Railway Asso-
ciation.
The following comment on the re-
port came from the White House:
This program will assure larger en-
ployment In the railway equipment in
dustry next year than in 1929 and
very substantial addition to the rail-
way demands for steel"