New Britain herald., 1930-05-02
Tells |. $. Chamber of Commerce Worst Period Is Over-Believes Indus try Will Recover Speed fly - Fails to Mention Farm Board.

Washington. May PN-P-es.-
 dent Hoover plans b anaul1- 4
 commission 10 study causes an
 cures or econon2o derrasslo-s IlE- -- the one preciri-ated ly -aa sock market crash las- fall which. -0c.- - dentalIy, he believes is u-ar Is ou.
 He revealed his plan last -t-E- . before the closing session o. inc [.
 $. Chamber Of Commorce here. Only q few hours before Gha rraa- : dents appearance. tl4 chamber 2 adopted d. resolution oHroz-a@ ra administration plan u5 hz. ping , farmers through government Gua1c- . cd cooperative marketing or-aulza- ions, Nr, Hoover. however. did n0c D lake cognizance Of tha e1amaers ac- D ion in his speech,
 Passed Worst Stage . While the (sranA market crash ? only took place six months ago. N~- Hoover told tho -.tlg ausIrosz representatives attending the ban . aue- T his honor | am convinced We have now passed The worst arl , With continued unity oC e@e-- w- .-snal, rapltly ~al0T=~-
 There is one certainty IT h. z.- lure Of q people O taa ?. so-r.as intelligence and character os -l
 people or rhe Lared S-4-es-.Har ts prosperItH."
 Loud applause --.ar=L 1f~. Hoo-- CT when he arose to speak. This was renewed when ha gave ass,.r-t ance that the business depression was near It's end, During the re- malnde7 ot rha pres. dsnr.S talk hi. hearers listened 4.,a1c.ea.v but st- lanuy.
 While noting a general recovery Of business, Mr. Hoover said ther- vas "One area os credit which is most loa1eg-a-eLy or-a-tz@5 ard which almost ceased 10 function La- der the present stress.
 This. he sad. .is rhe provision Of a steady 1oR. O. capital 10 -r. home builder. From a zoc.sl point Of view tnis is one Of tne most x.- taI segmer,s Of credit and S-5gi5 be placed in such q deaoltelv mo- h,llzed and organized form a- womb assure it's continued and sable flow.
 The ownership of homes. the it.- proyemarc O: residential conditions 70 our own people. ls the first srch- . or n social stability and social rro- gress. Here is the greatest field . tor expanded organization Of capital and at the sane time stimulation to . Increased standards of ltv.ne and so- cal service that lies open 10 our great loan institutions.
 Study of Conditions Needed
 The whole range Of our exDert- . fnees from this boom and slun-D should be placed under accurate ex- animation with d View to broad de- . termination of what can be done 10 achieve greater stability for the fg- ! lure both n prevention ana 5n rem edy' Mr. Hoover sad n expla.n- lng his new plan.
 II s4cA an exhaustive eXaru.rz- ton meets with general approval ne added, shall when the s+r- alton clears q little. move 70 o~gs-- l1e a Oody--epresen Of a-ss- --~--@' ~-~t--'-----t7. tI--yL anu lE-.--. rure-to undertake ir."
 The president reviewed the pro gress made by the administration ln seeking 10 promote business activity. particularly construction. to over come the effects Of the stock market slump.
 Declaring the acceyeratton o5 construction programs has been be- yond our hopes" AIr Hoover named utilities, railroads and large maau- facturing concerns as contributors to the general program Of business advancement.
 During the first four months Of 1880, he said. national state ara municipal contracts for public works to the value os s5g0.oaa. have been let. This has ptorfdaI much new employment. he added.
 For the first time n the history ot great siuu.ps ue have had r1