Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-18
HOOVER TO DISCUSS
BUSINESS "REL|EF"
WITH RAIL LEADERS
Eastern Executives to Confer
With President at White
House Tomorrow.
FINANCIAL OFFICIALS
TO BE SEEN WEDNESDAY
Farm Organization Representatives,
Legge and Hyde, to Assemble
With Him on Thursday.
BY G. GOULD LINCOLN.

On the eve of the first of his confer
ences with leaders in industry, agri-
culture and labor, designed to aid
business and to prevent any lessening
IN morale that might be due to the
recent stock market crash, President
Hoover today was working further on
the general plan and the details OF
these conferences.
The first group with which the Presi-
dent will confer is composed of the
executives of the Eastern trunk lire
railroads. The conference has been
set tentatively for IL am. tomorrow in
the cabinet room in the executive of1ceS
of the White House.
While the list of railroad executives
who will be present has not been an
nounced formally, it is understood that
among those who have been invited are
p. T.. Crowley, president OF the New
York Central lines; John J. Pelley, preSl-
dent of the New York, New Haven d
Hartford Railroad; John j. Bernet,
president of the Chesapeake 81 Ohio
Railroad; Daniel Willard, president OF
the Baltimore 81 Ohio, and w. w. At
terbury, president of the Pennsylvania.
Fairfax Harrison, president of the
Southern Railway; George B. Elliott,
president of the Atlantic Coast Line.
and l.. P. Powell, jr., president OF the
Seaboard Airline.
Hoover Clears Deck.
The President, it was said at the
White House today, has Cancelled prac-
tically all of his engagements this week
so as to give his entire time to the
business conferences. Instead OF nav
ing a single preliminary conference, he
has determined to hold three or four
conferences with representatives OF
different groups. At the second OF the
conferences on Wednesday. the Presi-
dent and Secretary Lamont will confer
with offlcials of the United states
Chamber of Commerce, bankers, MEM
hers of the Federal Reserve system
and representatives of manufacturers,
public utility companies and various
trades and distribution agencies.
The third conference Is set for
Thursday. The President, with Secre-
tary Hyde and Alexander Legge, chair
man of the Federal Farm Board, Will
confer with representatives of tarm or-
ganizationS. i
A later conference, the date for which
is undecided, will include the PTesi-
dent, Secretary Davis and leading men
of organized labor. Later there prcb-
ably will be conferences with other Spe-
cialized groups. The intention is to
conflne the meetings, so far as possible,
to representatives OF national organl-
zations which combine other organized
units in the same lines Of business as
we'll as individual corporations ana
firms.
Diversion Of Capital Sought.
AS already indicated in the Presi-
dents announcement of his plan Tor
holding conference with representatives
of industry, agriculture and labor, II
is expected that effort will be made to
plan for large amount of construction
work and to have great deal OF
American capital diverted to such work.
Construction work has been consid-
cred O balance wheel which may be
used to great advantage In times OF
depression.
BY undertaking large amount OF
construction at psychological mo-
ment, the Federal Government, State
and municipal governments, the rail-
roads, public utilities, etc., readily can
have a great influence upon business
and economic conditions in this coun-
try, The President is bent on mobLiz-
ing at this time the resources at hand
to prevent a spread of pessimism due
10 the stock market debacle. Business
has been good and so has employment
There are many favorable factors, 1t Is
asid, which will aid in the present
situation.
The railroads of the United States
have been making more money and
doing a greater business during the
present year than ever before in their
history. 1t is expected that they will
go forward with a vast amount OF con-
;truction work and other development
A concerted plan to be put into effect
in an orderly manner will be of great
aid, it is believed. On the other hand
should the railroads withhold such con-
struction, thinking that business wa:
due to fall of, it might be contribut.
ing factor to reduction of business.
The railroad conference is to be tht
first one of the series held by President
Hoover because the American Railway
Association is to meet in Chicago or
Friday and it is desired that the execu'
tives who confer with President Hoover
shall attend the Chicago meeting anc
discuss with other executives a plan o.
action designed to expedite construc
tion already determined on and carr!
out projects for the purchase of equip
ment which will provide employment
and otherwise stimulate activities IL
the railway field.
VIII Utilize Agencies.
Existing agencies in the Government
will be utilized to aid in this co-opera
tive movement in the interest of bust
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