Evening star., 1932-09-06

Leaders IN banking and industry,
meeting President Hoover at the White
House Conference on Business Improve
ment Measures. impress the country
with their ability to make their influ-
ence felt. One measure especially in
which the Government takes the lead
is the 60-day moratorium on foreclo-
sures, which IS expected to relieve much
financial stress among the people of
the country. The spread of employ
ment by sharing methods is placed
among those things that are dependent
upon private initiative.
THAT splendid attempt to procure for
home owners and others further oppor-
tunities to save their property should
do much to revive the courage of the
public" according to the Chicago Daily
News, which concludes as to the method
of augmenting the number of employed
workers that it involves many difficult
ties and perplexities, but there is not
likely ever to be better time than the
present for inaugurating the change"
The Daily News feels that 1t "offers the
one promising solution of the grave
problem produced by the millions who
are out Of work"
Referring to the provision for "a 60
day moratorium on mortgage FORE
closures by national banks in receiver
Ship" the Cleveland News remarks that
similar leniency, amply covered by the
prospect Of Government loans, is ex-
pected of other financial institutions
not under Federal control"
4 4 y
"It is estimated" according to the
Buffalo Evening News, that this coun-
try has labor surplus of about 3,000,-
900 because Of occupational obsoles-
cence. Obviously this surplus can be
absorbed only through the discovery of
new jobs by shortening hours. This
condition of a changing world must be
corrected" The Salt Lake Deseret
News holds that "the underlying OBJ
jective of the conference is employ
ment";; that it is "the acute problem of
the country today" The News con-
cludes that cit IS certainly better for
100 to have work three days week
than for so to work six days week"
Taking a general view of the pro-
poSals, the San Antonio Evening News
states: Make available credit afhrma-
lively useful to business; stimulate rail-
road and home repairs and improve
ments; expand capital expenditures in
the way of replacements; increase en-
ployment through sharing of work; as
sist home owners with maturing mort
cages. That is the program adopted by
the Presidents Conference on Business
and Employment, and to its effectuation
the country'S foremost industrial. finan-
cial and transportation executives have
pledged their every effort through a
sturdy organization"
1.-The Presidents speech" declares the
Oakland Tribune. rs a summoning Of
the informed minds to, the task of aid
ing in the operation of reconstruction
measures now in effect. 1t Is call
upon these men and the Nation to
carry on in the interest of the unem-
ployed and the farmer. The storm sub
sides, but on the deck all hands have
work to do" The Philadelphia Evening
Bulletin AYERS that ''the Government
has done, Is doing, its part, and 1t calls
to business to take up its task and do
its share" The Scranton Times re-
marks that "the situation does look
better, particularly in the field of
finance; that 'if this recovery can
now be extended to industry and get
idle men back to work we viii have
something really to be happy about"
"Mr. Hoover's speech" in the opin-
ion of the Newark Evening News. "is
the kind of stimulation the country
needs. It has new spirit of hone and
confidence which should be given every
cautious encouragement. Action alone
VIII eazzz y forward and i must Be