Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-24

: make for continuance of prosperity
Evidence Of this has already manifested
| itself"
John M. PrentiSs, Of H0rnblOwer q
Weeks: II think that the meetings that
Mr.. Hoover has been holding have done
great deal of good. They are rapid
/ " restoring public confidence, which 1s
badly needed at this time. They will
undoubtedly do much TO stabilize the
economic situation In the country"
John r. Zimmerman, president United
Gas Improvement Co.: THE outstAnd-
ing feature, to my mind, of the confer
! ences held by President Hoover during
the last week was the determination
on the part of the leaders of the great
business interests of this country not
to rely upon the expenditure Of public
funds by the Federal and State govern
ments to restore confidence, but to as
sumo that responsibility for themselves
While the expenditure of public funds
for works of public Improvement will
furnish temporary relief, any perna-
nent improvement in the situation must
come from industry itself, as every dol
lar expended in extensions of plant
capacity in the United States will add
to the wealth of the Nation and will
provide permanent rather than tenn
electric and gas sales during the last
IL months of the companies in which
the United Gas Improvement Co. is in
terested has been Is per cent for elec-
trio and Is per cent for gas. The
only effect Of the present situation that
anticipate Is possibly some reduction
in the rate OF increase"
william b. Anderson Of Block, Ma
lOney 4 Co.: The announcement In
Saturdays New York Herald-Tribune
that the result of President, Hoover's
meeting with ali the chief executives Of
all industries in the United States Is
that $4,000, 000, 900 will be spent for ex-
pansion, ETC., is most gratifying. There
is no doubt that real prosperity emanates
from man power, and with $4,500, 0OO,-
900 pledged 1t means about $4,000, 900
day figuring 500 working days in the
year. This will undoubtedly do much
10 continue our prosperity"
Shannon CrandaIl, president Los
Angeles Chamber Of Commerce: I'VE
believe the conference of all business
interests called by President Hoover can
restoring the consciousness of the
American people to the fact that
American industry and business Is
sound"
ID. ID. Tenney, president Minneapolis
Civic and Commerce Association:
Business leaders throughout the
Northwest are watching with great in
teleSt the conferences called by Presi-
dent Hoover. We are hopeful and be-
lieve that these conferences will de-
velop a program which will stabilize
conditions in the manufacturing centers
of this country. We realize that the
manufacturing centers are the best
markets for our Northwestern crops. In
the Northwest there is growing feel
ing of confidence and an awakening of
a feeling of prosperity among our farm
ers. To confirm this a financial insti.
tuition here, one Of the largest holders
of farm mortgages in the Northwest,
reports more partial payments on farm
mortgages this year than in any year
since 1921. The improved conditions
on our farms have been brought about
by the program of diversified farming
The farm schools efforts have been
seconded by the commercial Organiza-
tions. Newspapers, civic, leaders and
thoughtful farmers throughout this sec
ton believe this united effort Is build
ing q sound base for continued farm
ing prosperity in our section"
Charles C.. West Of F. b. Keech e.
Co.: 1T is our opinion that Mr.. Hoover's
actions have been most constructive,
and that the various business interests
will be pleased to cooperate with him.
BY the various business interests !
mean the railroads, the public utility
companies and the various counties and
municipalities. They will be glad to
cooperate with Mr.. Hoover, and 1t will
result in the continued prosperity OF
the country"
E. A. Cudahy. r., president Cildahy
Packing Co.: II think President Hoover's
business conferences are reflected
through out the country in establishing
confidence in both the administration
and business men to satisfactorily see
this country through this or any other
crisis The country feels safe under
President Hoover's leadership. Business
will recede some the early part OF 1880.
But general business conditions are
sound" u
Samuel ]. insult, chairman. Middle
West Utilities co., THE Middle West
normal business, and In the territory
served by the system We consider busi-
ness to be normal only when there Is
evidence of steady progress. Construc-
ton expenditures in 1929 are approxi-
mately sos, 000, 900 and will be between
SIS, O0O, 900 and $85 100000 in 1880"
c. w. Kellogg, president, Engineers'
Public Service Co.: President Hoover's
conferences represent a supreme tri-
umph of national cooperation on q
scale never before witnessed In peace
times. The strengthened feeling OF
confidence resulting from them arises
not only from the impressive showing
of huge purchasing power by the men
who will direct the spending, but also
from the feeling that we have at the
helm q man. with the knowledge, ex-
perience and ability to mobilize eff
fectively the economic forces Of the
country. 1t is probable that at no crisis
in its history has the Nation had q
President more conspicuously fitted to
cope with the emergency"
Roy D.. Chaplin, chairman, Hudson
Motor Car Co.: 1T is too early to judge
the success of the Hoover business con-
ference. However, the President is so
well equipped fundamentally to cooper
ate with business in this country, and as
he doubtless has anticipated just such q
situation as this, I have great confidence
in favorable and tangible developments
because of the conference"
L. A. Downs, president, Illinois Gem
trail Railroad: 1T is my view that
fundamental business conditions are
sound and that the physical situation
stands In no particular need of improve
ment. What the country most needs at
this time is confidence In the future and
willingness to work to achieve prosper
ity. The Hoover conferences made q
Significant contribution tn the economic