The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-11-19
To Determine After Conference
What Companies Can Do
to Stimulate Trade
70 STUDY CREDIT CONDITION
Congress Will 6e Asked 70 ex.
pand Federal Building Pro-
gram This Year

President Hoover were unanimous In
their determination to cooperate In
the maintenance OF employment aud
business progress.
A white house statement issued att
er the conference said the railroad
presidents had stated that the rail-
ways which they represented would
proceed with full programs Of con-
struction and bcttermentS without
any reference to recent stock ex-
change fluctuations: that they would
canvass the situation as to further
possibilities of expansion. and that
amongst these particular railways It
appeared that the total volume Of
such construction work already indi-
Gated an increase during the next six
months over the similar period Of last
year.
The conference lasted for little
more than an hour during which In
dividual reports were made by the
railroad presidents.
Besides the president, Secretaries
Mellon and Lamont and Chairman
Lewis Of the Interstate commerce
commission attended the meeting.
Seek Trade Stimulation
First arrivals included Hale Holden.
chairman Of the executive committee
Of the Southern Pacific: J. J. Bernet.
president Of the Chesapeake & Ohio
Railroad company. and I. r. Loree.
president OF the Delaware and Hud-
son Railroad company.
They called on Richard H. Ashton,
president Of the railway association.
but none OF them had any statement
to make In advance Of the convenlng
Of the conference. They desired first
to hear the president outline hts own
ideas and then to determine what
their companies individually and COLI
lectively might be able to do In the
general program for continued busi-
ness progress.
AS one Of the first Of the definite
steps" promised In the chief execu.
tive's original announcement Of his
plans. the presidents Of nine great
eastern railroads were summoned for
an intimate discussion Of what the
carriers can do to stimulate trade and
stabilize business conditions In the
wake Of the recent stock market rol-
lapse.
Later In the day. . similar confer
| the advisory council Of the federal
reserve board regarding credit and
banking conditions the nation over.
Defers Dualmees Cenlesence
Meanwhile. there vas q close study
Of the treasury departments IN.
nouncement Of plans for expanding
the federal building program. Con-
gress will be asked next month. Sec.
retary Mellon said. to approve an In
creased appropriation Of SITS 900 900
for governmental building, bringing
the total OF authorization for this
purpose to $4,000 900.
The funeral Of the late James w.
| Good, secretary Of war. viii take place
ct the white house tomorrow. and out
Of respect for the memory Of his
cabinet officer, president Hoover has
deferred until Thursday the sched-
uled conference with representatives
OF the United States chamber Of
commerce and business and industrial
leaders. The meeting Of agricultural
spokesmen originally planned for
Thursday has been indefinitely post
/ poned.
II was suggested that . joint an
nouncement Of railroad construction
plans and prospective equipment or
ders would be m extremely helpful
factor In Mr.. Hoover's stahilixation
| program. Coming together and pre-.
senting an impressive total, II Was
considered that such action would
have o highly BENEFICIAL effect upon
general tlisine-s morale.