Imperial Valley press., 1929-11-18
TO MEET
INDUSTRY
LEADERS
Entire Week Will Be De.
voted To Stabilizing
Economic Situation.
PLANS INDEFINITE
Notable Figures In Var
iOus Fields To Be Pre-
sent At Conference.
BY ROBERT G. ALBRIGHT
Omitted Press Staff Correspondent)

Omitted Press Staff Correspondent)
WASHINGTON, Nov. 1S. W.P)-
Machinery set up by President Hoo.
yer to assure the continued orderly
march of business will be put mtg
motion tomorrow.
Modelled on the principle which
made Mr.. Hoover's food administra-
ton during the war notable for its
success without government COM
pulsion, the Presidents plan of deal
ing with the currert economic situ-
alton is that of voluntary eoopera.
tion with the government.
The President has cancelled all
appointments for the week to de-
vote all his time to the conferences.
Railway executives representing
most of the large eastern lines will
meet with the President tomorrow,
chamber of commerce officials and
leaders in the manufacturing and
distribution trades will confer at
the White House Wednesday, and
Thursday round table conferences
of the nations farming interests is
scheduled.
From these conferences will de-
velop the measures to be taken by
each branch of trade cooperating
with government agencies to re-
store public confidence shaken by
the stock market decline.
Further conferences of the more
specialized groups will be called
later it was intimated at the White
House today. n
One of these will deal exclusively
with the labor phase of the situa-
ton, Secretary of Labor Davis and
President Hoover sitting jointly
with the nations labor leaders.
Figuring prominently in the
White House parley will be repre-
sentatives of strongly organized
trade. labor and agricultural organi-
zations, embracing the chamber of
commerce, state and local chambers,
and railway, trade and manufactar-
ing groups.
No Commission Planned
The President has intimated he
will work largely through these
units in accomplishing his end.
At the present time there is no
thought of establishing govera.
ncnt Commission" to take the Stu-
ati(A in hand, it was intimatcd au-
thoritativcly today.
Although some manner of "c'ear-
:. =. Lrnnnbt tnt hA.
ing by the business organizations
themselves, it is understood the
President believes uShing in the
way of a super-organization is re-
quircd.
Each Of the organizations, accord
ing TO the plan now in mind, viii
take the necessary action within its
own field, Meanwhile, federal
agencies will move to eoordipate
their activities with private efforts.
Recent calls at the White House.
and intimations from other sources,
have led to reports that many not
ablcs will be among the business
chieftains who will confer with tho
President this week.
Further assurances that the gaN-
cral business position of the United
States is "strong" despite tho mar
kct crash, wNs given last night in
radio address by President Butter
worth of the chamber of commerce.
Representative Thkham, Republic
can, Massachusetts, announced last
right he would introduce in tbs
house today bin empowering tis
federal trade commission TO approve
industrial and banking mergrs
which it finds are in the public In.
terest.
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