Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-12

Optimism as to improvement achieved
in business conditions following the big
panic in stocks, revealed by President
Hoover at the meeting of the United
States Chamber Of Commerce, is dis
cussed by the country in friendly
spirit. The importance Of his proposal
to create q commission for future study
Of such developments Is debated.
Arbor Daily News as to the way in
which the financial crisis was met, and
In agreement with the President, II
notes "a steady upward swing" The
Daily News believes that something
approaching q cure for economic de-
pressions has been found" and pays
tribute to Cooperation by Government
agencies, business, railways, public utili-
ties, agriculture. the press, financial in
situations and public authorities" That
paper concludes: Industry, big busi-
ness, labor and various governmental
agencies deserve great credit for the
the President Is entitled to a large
measure Of commendation for stepping
into the breach and Harvesting the con-
structive forces"
u y X
In its agreement with the speech, the
Oakland Tribune declares: when the
President says he does not accept the
fatalistic view that the discovery of the
means to restrain speculation is beyond
the genius Of the American people, he
hints at the possible scope of the inquiry
to come. His address, coming when the
stabil1zing program Is definitely over
the top and on its way to victory, car
rieS with 1t that sound optimism which
is based on the incontrovertible fact"
While voicing Its protest against
'ballyhoo," and contending that telling
the whole truth, painful as 1t may be
for program of business sterilization"
the Baltimore Sun makes the favorable
comment: There is very important
place for cooperative efforts toward
business Sterilization such as those
President Hoover launched last Fall, and
he Is entitled to great credit for taking
definite steps to cope with Q serious
economic crisis instead of letting IL
drift along its dangerous course. Like
wise he does well to stress the desira-
bility of continuing efforts in the same
foul, and he is peculiarly qualified by
training to take the leadership In such
O program"
1--WE feel bound to say" remarks the
Syracuse Herald, that the pending
survey, no matter how broad q range
1t may take, will not begin to reveal all
Of the diverse causes, some of them
psychological, which reached their con-
vergent elimination In the stock slump
Of last Fall. But the major provoca-
lions can and doubtless will be laid bare
by the commission. The resulting dis
closure will be, as the President expects,
very useful as warning: but how far
and how long 1t will serve as a specu-
lative deterrent is another question"
Some of the signs of improvement
to which the President points are I'M
deniable," comedies the New York Times,
but that paper adds: 1.-THE question will
occur to many whether President who
feels 1t his duty to cheer US up when
bad times have come should not also
have felt 1t his duty to warn us solemn
ly In advance when he saw the bad times
coming and understood perfectly the
causes which were bringing them on"
inquiries of the proposed commission
fought to be broader than the mere
emergency phase of business and en-
ployment." The Asheville Times offers
the comment on organized effort for
the future: 1.-THE whole project Is still
In the nebulous stage. Meanwhile. the
plain duty of everybody, the call of
intelligent self-interest. is continued
cooperative action everywhere TO carry
every day a little farther the process
Of economic recovery"
X
The New York Sun finds it "charac-
teristic Of the Presidents attitude
toward such problems that he should
propose the creation Of q commission