New Britain herald., 1929-11-30
HOOVER BECOMES
 BUSINESS LEADER
Lives Up to Expectations, Seeks
 to Maintain Prosperity

Washington, Nov. 30.-President Hoover was able to enjoy his Thanksgiving turkey, after all.
 It looks very much as if he were going 10 succeed in giving a masterly demonstration of the art of turning defeat into victory, upsetting odds that might have wrecked any other president.
 A month ago, with his special session of congress a failure, with the regular republicans of the sen ate prostrate before coalition which took delight in foutins him and with the ominouS echoes of the stock market crash ringing in his ears, Mr. Hoover seemed a very sad failure indeed. Certainly he couldn't have saved the stock market, but it was that most of all which worried him and threatened his prestige. For it was thought reasonably certain that some kind Of a business slump would follow.
 lltAi HuNitI''liiN M IloON tl grabbed this charging bull by the horns and began to promise beef steak dinners for all.
 He lcaped into national leader- ship in a manner so spectacular and undcniable that he appears right now to be in a stronger posi- ton than ever before.
 Prosperity, in the famous words of somebody else. absorbs all criti- cism. Most of the more important industries and most of the voters are not interested in the fate of the tariff bill If Hoover can retain the support of big business and little | business and the confidence of the 1 people his lack of a senate majority | need be no more than q minor ir- | litant.
 The big news has been. not that 1 the Hoover special session Topped, but that the president has been summing 10 conference the leaders of industry. agriculture and labor to l charge them with q program for the spurring oC business which will 1 overcome the prospects of the slump toward which so many were looking with apprehension.
 A $16O,ooo,ooo tax cut is in inn mediate prospect. The federal re- serve board is undertaking 10 ease credit Governors and mayors have | promised to push public works. Rail , way executive promise a huge inn ! proNement program. Public utilities assure promotion of q vast develop ment program. Steel interests have promised $500, 100000 worth of new construction. The federal govern- ment is adding $175,O00,0 ,000 to it's public buildings program. Repre- ! SantajlYeS of capital and labor have agreed on program of no wage reductions or demands for in creases. Industrial leaders of al varieties are cooperating with vari. ous branches ot government tc Whoop up business.
 Nothing like this vast effort has ever been tried before. Assuming the fundamental soundncss of the national bUsineaS structure. no one imasines that it can rail 10 make q large difference in the immediate future of industry and in the em- ploymcnt situation of this winter. Perhaps the most important factor of all will be the preservation of a prepondcrant attitude Of optimism rather than one of general pessimism.
 Even if some minor depression develops, Nr. Hoover seems bound 10 get credit for saving the situa- ton. He has been doing everything that could be done and the unan- nous support he has had from the country ana it's principal business elements make it virtually impossi- ble for him to gain anything but in- creased prestige and popular Strcngth.
 Now that he is living mp to his title of q business president" all else will DC forgiven.