i Eastern Pennavlvania:
: Friday.
Cloudy and Warmer
&
hs
FORTIETH YEAR
N
THE LARGEST CIRCULATION OF ANY COMMUNITY WEEKLY IN LUZERNE COUNTY
DALLAS, PA. FRIDAY, APRIL 25, 1930
If You Waat iC
Good Newsp
‘Buy From the aaa
Who Advertise In It
And Tell Them You Saw Their
Advertising In It
N
FORTIETd YEAR
Modern H otel
Proposed For
Tunkhannock
Grenoble Hotel Corporation To Send
Representative To Discuss Plans
With Business Men and Citizens
Progressive citizens of Tunkhannock
are said to be back of a movement to
secure a new $165,000 hotel for ‘that
community. Grenoble Hotel ‘Corpora-
tion, an organization which operates
many of the finest hotels throughout
the United States, is actively inter-
ested in the project and has offered to
send representatives to Tunkhannock
to go over plans and discuss the pro-
ject with interested citizens.
The Grenoble organization operates
the new Hotel Montrose at Montrose,
Susquehanna, county, one of the most {
modern community hotels in the State.
At the close of its first year this hotel
showed a profit, which is considered
excellent by experenced hotel men for
a hotel during its first year of opera-
tion. Hotel Montrose is beautiful in
all of its appointments and except for
size is unexcelled by large city hotels.
A tentative site suggested for the
hotel at Tunkhannock is the Stebbins
property on Tioga street, formerly
owned by the late William Osterhout.
Such a hotel would he a’ decided asset
to Tunkhannock, it is ‘believed, and in
all likelihood would attract many
summer visitors to the communnity.
The location is an admirable one since
it' is on the Sullivan Trail, just out of
the business section of the community
and in one of the most beautiful sec- |
tions of the town.
Start WorkOn |
Clay Products
Plant At Noxen
Engineer Completes pletes Work—Plan To
Erect Large Warehouse and Install
Machinery at Once
Within a week drillers will. be at
work on the tract of land at Noxen,
recently purchased by outside. capi-
talists for decelopment as a clay pro-
ducts plant. During the past week
engineers have gone over the ground
to determine the extent of valuable
deposits of Fuller's Earth, which have
been found there. It is believed. that
when the drilling is completed similar
deposits of other= valuable minerals
will have been found there, since blue
clay and-other types of clay have been
found in small quantities.
/ The land on which the deposits of
Fuller's Earth have been found is lo-
cated in Hettis Hollow on Schooley
mountain, about four-tenths of a mile
from the Bowman's Creek branch of
the Lehigh Valley railroad. Negotia-
tions have been made to have the
railroad run a spur track to the site
of the drilling and digging operations.
Fullers' Earth is used extensively in
the manufacture of rubber products,
cement, roofing and linoleum. It is
understood on reliable authority that
the company which owns the deposits
has a number of contracts pending
which if closed will take the entire
output of the plant.
Machinery has already been ordered
for the plant and its cost will run
in the neighborhood of fifty to sixty
thousand dollars. A steam shovel will
be moved on to the land in a few
days. Other equipment includes dry-
ing machines, grinders, pulverizers,
bagging equipment and the erection of
a warehouse 100 by 200 feet in size.
Fuller's Earth will be taken from the
ground, run nthrough dryers, then
ground and later pulverized and
packed in bags holding 100 pounds,
much the same as cement is manufac-
tured. After being prepared wand
bagged the product will be shipped
to manufacturers who use it in the
preparation of their products.
Since the plant will be one of the
most modern of its kind in the coun-
try and most of the work will be done
by machinery, it is not likely that
more than twenty-five or thirty men
will be employed in the work of tak-
ing out the Fuller's Earth and prepar-
ing it for shipment. At least three
dump trucks will be used on .the
ground to convey the material from
the steam shovel to the dryers. It is
expected that between three and four
carloads of th product will be shipped
daily when the plant is working at
capacity.
i pee ha
NOXEN STUDENTS TO PLANT
EVERGREENS ‘ON ARBOR DAY
Parent-Teacher Association Secures
Twenty Young Trees From State
Noxen high school will observe ‘Arbor
Day on Friday, April 25, with an out-
door program. J
Through the efforts of the Parent-
Teacher Association the school has
secured twenty evergreen trees for its
campus. These will be planted by the
students in connection with a pro-
gram of readings, songs and recita-
tions.
The interest and attendance of the
patrons and citizens of the town is
earnestly invited to help beautify the
Noxen high school campus.
C. O. Brown
AUCTIONEER
Telephone
Call W. D. Gay’s Stove
CENTERMORELAN®
¢
ABLE CANTATA DIRECTOR
Many may fail to recognize the
above young man who is none
other than our good neighbor,
Ralph Rood, who is winning much
praise this: week for the able man-
ner which he coached the Easter
cantata at Dallas M. E. Church.
The above picture was taken
when Mr. Rood was a student at
East Stroudsburg State Teachers’
College and we don’t think his
smile has aged a bit since those
student days.
Easter Cantata
Highly Praised
M. E. Choir Gives ves Splendid Program
Under the Direction of Ralph H.
Rood
given at Dallas M. E. church on Eas-
ter Sunday evening, was beautifully
| interpreted and 'much enjoyed by a
‘A cantata, “My Redeemer Lives,”
large audience.
The splendid rendition was due to
the untiring efforts of R. H. Rood, who
personally directed the entire affair.
He worked; diligently and received the
hearty cooperation of the entire
chorus. Mr. Rood is a man of rare
personal charm and splendid musical
ability, and is to be congratulated on
his latest musical achievement.
Mrs. Arline Beisel Rood was the or-
gan accompanist and deserves much
credit. Those who sang soprano
were Mrs. Shonk, Mrs. Harold Titman,
Mrs. Wardan Kunkle; alto, Mrs.
James Oliver; baritone, Harold Rood;
tenor, Samuel Griffith. In the chorus
were Mrs. Gibbs, Mrs. Brace, Miss Eo
Taven, Mrs. L. Patterson, Miss Betty
Breckenridge, Mrs. George K. Swartz,
Mrs. Niemeyer, Mrs. M. Hildebrant,
Mrs. William Wilson, R. Brickel, J.
Franklin, W. Elliston, L. I.eGrand, Ar-
thur Kiefer, D. Brace, R. H. VanNort-
wick.
—0
Lake Seniors
To Give Play
Proceeds Will Be Used Te Defray
Expenses of Class Trip To Wash-
ington, D. C.
Clever lines, attractive setting and
an able cast will be featured vriday
right, May 2, when seninrs of Lake
township high school present their
annual play, “The Man in the Moon.”
Last year the class presented
‘‘Mammy’s Little Wild Rose,” a pro-
duction which won praise and com-
ment from a large and onthusiastic
audience. This years’ | production
promises to be even better than the
play. produced last year, for the
sen’ors have been working hard on it
and have .the added experience whirh
they gained in the production last
year. :
Ac¢mission has been set at 25 cents
and 2C cents and advance’ indeations
are that the school auditorium will be
packed to capacity. Lake has a splen-
did school spirit. And all classes of
the high school, whether seniors or
not, are working hard to make the
play a big success. Whether “The
M-n in the Moon” will be prasented
at cther high schools by the class has
not yet been decided upon: by the
coaches and officers of the class.
Those who saw “Mammy’'s 1I.il
Wild Koge,” the class play last year,
will be back this year along with those
who missed seeing it. HK is selaom
that a play with thirteen chavcacters
1s found, but here's one and the talent
and ingenuity of the characters: will
speak for itself. Following is the cast:
Mr.HHenr y West, owner of iJa.vey's
Lake T.odge, James Montross; Billy
‘West, his spoiled son, Carlton
Kocher; (Corutney Radford, the real
Courtney,” John Kuchta, Clint
Young, alias Joe Brown, Coad Ihil-
bert; Fen Wilson, a secrat service
man, Clarence Montross; Jonah Dan-
1els, (Ci nt’s colored valet, 2m: Swan-
sou: Mrs. West, a would-be society
dame, Charlotte Anderson; Margaret
‘West, ber oldest daughter,
Kocher; (Minerva, West, the youngest
daug’ter, Adda Garinger; Miss Ches-
terfield, a summer boarder at the
lodge, Leona Kocher; Miss Gold, an-
other boarder, Eula Maketa; Mrs.
Clint oYung, Clinton's wife, Ruth
Honeywell; Crepe “Johnsing,” colored
woman of all work, Dorothy Kocher.
———0
The ‘record of A. J. Sordoni speaks
for itself. in his present campaign
he is running independently and is not
linked with either of the major State
political groups in the Republican
party.- 3
S
Mi.drea |
Farm Board
Grants Loan
Dairymen’s Yerzne to Get Four Mil-
lion Dollars For Expansion Work
in Merchandising
The Federal Farm Board today an-
nounced that it has approved an ap-
plication of the Dairymen’s League
Cooperative (Association, Inc., of New
York for a loan of not exceeding
$4,000,000. This line of credit will
enable the association to carry on a
three-year program of expanding its
merchandising and handling facilities
for the sale of its products. Repay-
ment of the entire amount borrowed
is required in approximately ten years.
The loan will be secured by a first
mortgage on the properties of the
league.
Before approving the application the
Farm Board investigated the business
management of the association, the
soundness of its marketing program,
its financial structure and the service
it is rendering the dairy industry of
the Northeast.
The Darymen’s League Cooperative
Association is an organization of about
forty thousand dairy farmers of the
New York milk shed, which includes
all of New York State and parts of
[Pennsylvana, New Jersey, Vermont,
Massachusetts and Connecticut. This
territory = supplies the New York
metropolitan market as well as the
smaller cities throughout the area.
Young Craftsman
Made Foreman of
Post’s Printshop
Russell Weaver, Expert Typographer,
of Bourbon, Indiana, Joins Staff of
Local Industry
Russell F. Weaver, young typog-
raplier and lay-out design expert of
Recurton, Indiana, this week joins the
staff of the Dallas Post as foreman
in cherge of the mechanical depart-
ment. Although a young man, Mr.
Weaver has had wide experience in
the field of printing, having been in
charge of high class printing estab-
lisbments in Greenville, Pennsylvania,
and Bourbon, Indiana. He leaves the
latter place to make his home-in Dal-
las.
The selection of Mr. Weaver to take
complete charge of the mechanical
activities of The Dallas Post is in
keeping with the policy of the Rost
owners to establish a first class news-
paper and high class, printing indus-
try “in Dallas. Mr. Weaver s
thoroughly experienced in the art ot
lay-out and the planning of direct
mail literature. He is also thorough-
ly experienced in color press work.
A graduate of Indiana State Teach-
ers’ ‘College and a young man of high
character, Mr. Weaver is keenly in-
terested in boys’ work and has hail
considerable experience in Scouting
and the organization of boys’ clubs.
He is married and has one son and
will make his home in Dallas when
his family joins him here about May 1.
The Post considers itself fortunate in
being able to secure the services of
so high type a craftsman and young
man interested in communty projects.
It is but another of the Posts’ policies
that its employees be local men who
make their home in Dallas and who
21e skilled craftsmen.
To assist Mr. Weaver in his work,
The Post printshop this week received
a complete series of the latest Bern-
hard Gothic type which is ‘the latest
innovation turned out by The Anmieri-
can Type Founders of Philadelphia.
This type face is designed by the fa.
trous type master, Lucian Bernhard,
and is exactly the same type race as
used in magazines such as Vanity Fair,
House and Garden, Harper's Bazaar
and many other high class periodicals.
This type will be used only in the
Pcst’s job printing department and
will not be used -in the mnewspaper.
Two newspaper type faces purchased
for the Post's newspaper advertising
are the new Cooper black series and
tlie Goudy series. $
There was a time when the job
printing turned out by the Post print-
shop did not reach the ideals set bv
the Post owners. This time is now
past . and the Post printshop has
1cached the point where its work and
craftsmanship is equalled by nos
surilar sized shop in Luzerne county.
Ar. evidence of the increasing popu-
larty of the Dallas Post printshop is
seen in the character of printing or-
ders received this month whizh in
clude work from many of the highest
tyre stores in Wilkes-Barre ‘orders
for twenty-five and thirty thousand
runs of mailing literatura for a mail
order house and many other smaller
crders for poster work, school pro -
grams and periodicals: No wonder
we're enthusiastic.
a ol SRE
WINNER AT PENN STATE
Sheldon W. Mosier of Dallas town-
ship was among the winners in the
sheep show at Penn State College. He
won first prize in Shropshire breed
and won reserve champion over all
breeds of sheep. This show is spon-
sored by the Block and Bridle Club
and made mpof students of animal
husbandry of Penn State College.
yp
RETURNS HOME
Mrs. Claude H. Cooke, Charles, Jr.,
Claudia and Betty, of Fernbreok, have
just returned home after spending
a week with her sister, Mrs. William
Lee, of Trenton, N. J
EE —
“Business Outlook
Good,” Says Laux
Local Industry Receives Large Orders
From Pittsburgh Typewriter Com-
pany and International Moje Car
Company
The, outlook for spring and summer
business is gqod, says Jacob Laux,
owner of the Ibaux machine shop of
Shavertown. Recently the organzation
headed by Mr. Laux has closed con-
tracts for the manufacture of thou-
sands of duplicators for the Pitts-
burgh Typewriter Company. Other
orders include the manufacture of
steel display stands used in the dis-
play of package candy, nuts and other
confections. The company has like-
wise contracts for manufactured pro-
ducts for the International Motor Co.
The Laux Machine shop is one of
the finest plants of its kind to be
found in the State, although the ex-
tent of its buildings and equipment
are little known .to local residents.
The plant employs ten skilled work-
men and working at full capacity em-
ploys several additional men.
It is an interesting experience for
local citizens to vist ths plant and
become better acquanted with one of
this section’s best local industries.
Not long ago this plant turned out
2,000 toy wagons which were sold to
newspapers for subscription campaign
work throughout the United States.
16 Young Women
Received Into
Order of Mercy
All Took Their Preparatory Studies
At Misericordia Collegs Located
Here
—_——
Many friends attended the reception
of the novices-elect into the Amal-
gamated Order of the Sisters of Mercy
of the Scranton diocese: The mother
house and novitiate are located in
Dallas. Sixteen young ~women were
received into the order.
At 4 o’clock the ‘procession of altar
boys, monsignori, priests and other
dignitaries “followed by his lordship,
Rt. eRv. Bishop O'Reilly entered the
chapel and were followed by the pro-
cession of postulants dressed in bridal
robes and carrying large bouquets of
orchids, roses and Easter lilies. In
harmony with these the main altar
was a profusion of Easter lilies. The
side oltars were tastefully decorated
with baskets of colored flowers, ferns,
palms and lighted ¢andles. There were
seated in the sanctuary at least fifty
monsignori and priests from all over
the diocese.
The convent choir sang the recep-
tion music, arranged and adapted by
Nicola Montani, to this was added
Faster hymns appropriate to the sea-
son. !
The sermon, which was delivered by
‘Rev. Peter F. Cusick, S. J., the former
president of Canisius College at Buf-
falo, N. Y. was well delivered. “Fe
very aptly traced th history of “Our
Blessed Lady's religious life.” Rev.
Cusick just closed a ten days’ retreat
al Ccllege Misericordia.
Among the sisters received was one |
who is the fourth of her iamily to
become a Sister of Mercy at Dallas.
She is Sister Jane de Chantal, and
was previously Miss Jane Burke of
Towanda. Her sisters are Sister Mary
Fose, Mary Norberta and Sister Mary
Tene. The others are as follows:
Miss Esther Hughes, Cresson, Pa.
Sister Mary Dimitrius; Miss Mary
Cole, Hazleton, Sister Mary Ieocarda;
Miss Mary Campanell, Hazleton, Sis-
ter Mary Leoncadia; Miss Mary Mc-
GiGnley, Hazleton, Sister Mary Camil-
lus; Miss Marion Walsh, Wilkes-
Barve, Sister Marion Joseph; Miss
Mary Mary Cassesse, Scranton, Sister
Mirjam Joseph; Miss Helen Jordan,
Scranton, Sister Helen Joseph; Miss
Rita Killgallon, Wilkes-Barre, Sister
Rita Joseph; Miss Louise Laekey, To-~
wanda, Sister Mary Philomena; Miss
Nellie Ryan, Pittston, Sister Clare
Joseph! Miss Josephine Wilkins,
Wilkes-Barre, Sister; Mary Demise;
Miss Mary Graham, Wilkes-Barre,
Sister Mary Irmalita; Miss Anna
Young, Plymouth, Sister Mary Fran-
cella; Miss Therese Sammons, To-
wanda, Sister Terese Joseph, and Miss
Esther Kelly, Plymouth, Sister Cath-
erine de Riicei.
wh eat
FOUR HUNDRED CHICKS DIE
WHEN BROODER HOUSE BURNS
C. W. Kunkle and William Brace Lose
Flock of Barred Rocks In Mid-
night Blaze
C. W. Kunkle and William Brace
of Kunkle suffered wa severe loss
Wednesday night when their brooder
house conntaining nearly 400 six-
weeks ‘old chicks was burned to the
ground.
The fire was discovered: by Archie
Austin of Beaumont, who was return-
ing to his home from Wilkes-Barre
and saw the blaze from the Dallas
road and drove over and aroused the
family. ;
Fortunately no wind was blowing
or the barn and other-buildings might
have been ignited. It is a great loss
and disappointment to Mr. Kunkle
and Mr. Brace as the chicks were a
fine flock of barred Plymouth Rocks
and many weighed more than a pound
each. With brooder house and equip-
ment destroyed it will be late in the
was in Mt. Greenwood ‘cemetery.
BIG POPULATION' GAIN
Population figures as revealed
by the United States Census
, Bureau show that Dallas Borough
* has had an increase of 104 per
cent in the number of its inhabi-
tants during the past ten years.
The 1930 count shows a popula-
tion of 1,185 as compared with
581 for 1920. It is expected that
Dallas township, Kingston town-
ship, Lake and Lehman townships
will show a population increase in
the 1930 census. Population
figures for Dallas township and
Kingston township figures are ex-
pected to show percentage of in-
crease equal to that of Dallas.
Local Scouts
Plan Exhibits
All Local Girl Scout Troops To Take
Part in Big Review At Kingston
109th Armory
Girl Scouts from this vicinity are
keenly interested in the Wyoming
Valley Council Girl Scouts’ exhibition
at 109th F. A. Armory, Kingston, Sat-
urday afternoon and evening, May 24.
Many phases of girl scouting will be
depicted by means of attractive.
boeth displays, folk dances and
drematic productions.
Dallas troop ,captained by Mrs. A. D.
Huil, is preparing for the dressmaker
proficiencv badge and practically all
the members who are qualifi>1 will
receive the badge at the exhih =iul.
The girls hav: been preparing tiirough
the assistancc of Miss Anna burke of
the Singer Sewing Machine Com-
piry, who has given a series of les-
sons to troog m émbers.
Trecr. No. 30, ‘Lehman,
F. Tl. Zimerman, captain,
“Dancer PRadge” as its project and
hos dilisently worked for weaks tine
der the ¢:.cction of Mrs. William F.
Farrell, lccal dancing teacher, one
of the exeminers for this proficiency
Ladge.
At the cclorful evening performence
tiie ‘troop will present “An Indian
Corn Planting Ceremony.” The fol-
lewing will take part: Graee Tdn,
Ruth Ide, Jean Zimmerman, Christine
Rnugeles, Muriel Zimmerman, Dorothy
Major, Decrothy Goodwin, “1 Lowise
Brown. Delphine Searfoss, Maran
Wents and Edla Mekeel.
“Child Nurse” will be the nc: th
d’eplay presented by Troop No. 19,
Trucksville, captained-by Miss TFron-
ces Teller, This troop recently -com-
vletrd a comprehensive course ia
Home Hygiene and Care of the Siclk
vnder the direction of Miss Lou Mon-
anve, who will assist in arranging the
broth’
Trocp No 39. of St. Paul's Luth-
eran Church, Shavertown. canta‘ned
Lv Catherine Phillips and Dorothy
Fek. will tresent a playlet, “Spice
wita Mys.
has taken
| Cakes and Tea,” hy Oledaa Schottky.
of National Scout organimition. An
attractive little storv and will prove
one of the main attractions of the
afternoon.
Citizenship will be depicted bv
Troop 9, Shavertown Methodist
Church, captained by Mrs. Harry
Henry. This troop will demonstrate
voting machines and have posters and
other rmaterial showing good citizen-
ship. :
The exhibition will be open from
nocen until late in the evening during
‘which time Girl Scouts in uniform
or middies and skirts will be present
to conduct the guests to the places
of attraction and explainn in detail
various phases of Girl Scouting.
DEATH OF MRS, ALICE E. MAY
Mrs. Alice E. May, aged’ 69, former-
ly of Wilkes-Barre, died Tuesday at
the family home, Shaver avenue, Fern-
brook, following a lingering illness of
complications. Deceased was well
known here and in Wilkes-Barre and
was highly esteemed. The family
‘moved to Fernbrook about nine years
ago.
Surviving are her husband, Fred-
erick May, two sons, George Allegar,
Lindhurst, N. J.,, and William Allegar,
city ,also the following brothers and
sisters, James Rohme, Richmond, Va.
Frank oRhme, Fredericksburg, Va.;
Mrs. Joseph Palmer and Mattie Bar-
rett, Fernbrook.
INFANT BURIED
Private funeral services were con-
ducted for Harry Rinus, Jr., at 9:80
o'clock Thursday at the ome of
his parents at Mt. Greenwood. The
youngster died in Nesbitt Memorial
hospital on Tuesday night following
an illness of lobular pneumonia. He
was 23% years old. Surviving him are
his parents. Mr. and Mrs. Harry
Rinus, Sr. and a sister. Interment
INTERESTING POOL MATCH
The Wilkes-Barre Record carries an
account of a pool match at the Ideal
pool’ rooms at Wilkes-Barre, between
Frank Harter of -Fernbrook rand as
opponent called ‘“Whitie,” no other
than Ira Morris of Dallas. Morris de-
feated Harter by a score of 100 to 75.
He made a high run of 45 balls, which
is considered good for amateur play-
ers. . However, Harter claims it was
his day off, and says that he -will
prove that he is the master of any
player back of the mountain.
a RE RE
TO REPEAT CANTATA
By request the Easter cantata pre-
sented last Sunday at St. Paul's, Lath-
eran Church, Shavertown, will be re-
peated at the. 11 o'clock services at the
season before another flock can be
started.
church this Sunday morning.
Few Know How
Close Nation
Was To Crisis
President Hoover Tells ‘Stockbridge
How Panic Was Averted in Exclu-
sive Interview Held At White House
Washington, D. C., Apr. 25—(Auto-
caster) I have written in these im-
pressions, gathered during conver-
sations with President Hoover, of the
President’s engineering mind, the mind
which demands facts and all the facts
as the basis for Governmental action.
No better illustration of the effec-
tiveness of this method can be found
than the checking of the business
crisis, which was precipitated last Fall
by the speculative crash on the Broek
Exchange.
Everything was set for a business
depression which, in the usual course
of such things, would carry the hard-
ship of unemployment of millions for ¢
two years or more, &s it did in 1920~
21. As T write this the crisis is passed
busness is definitely on the upswng,
both public and private accounts are
under way, bank credits are easier,
money is beginning to pass freely
again from hand to hand, men are
going back to their jobs in six months
the 'major part of the panic is over.
It is over because President Hoover
caalled the business and industrial
called the business and industrial
and demanded that they tell the facts
about the situation in their respective
‘industries.
Nothng of the sort had even been
done before. In previous times of
economic disturbance the public has
been left to guess at the facts, and it
has always guessed them as worse
than they were. That's why it has
taken so long, in the past, for re-
covery to set in. The patient wouldn’t
believe that he was getting well.
This time the facts were actually
worse than the public imagined they
were. But brnging the facts ti light
and assembling them, including with
the facts of what had already hap-
pened, the facts about what was going Pe.
to happen in the near future, had
precisely the effect which President
Hoover had, anticipated and hoped for,
the resoration of public confidence
and the dispelling of “panic” talk.
If I were called upon to lise the
outstanding achievements of Mr.
Hoover's first year in office, I think
I would put this first, although I
gathered the impressiion that the
President himself regards the success
of his efforts at better international
relations, including the Naval Arma-
ment eduction Conference, as of
even greater importance. In the long
run that is probably true but the
business situation at home touched us
more immediately and directly than
the foreign situation appeared to.
In passing} let me interject here the
fact that Mr. Hoover never had the
slightest doubt about the outcome of
the London naval conference. He ex-
pected a three-power agreement, be-
tween Great Britain, Japan and the
United States, and anticipated that
the difference between Italy and
France might prevent those nations
from joining at this time to make it
a five-power pact. He is not at all
concerned over the failure of France
and Italy to come in, but is very well
satisfied with the agreement arrived
at. It is a long step toward permanent
‘peace, as he sees it.
But to get back to the business
crisis. !
It is revealing no secret now. to
say that the situation as it existed
in the beginning of November, 1929,
was far more serious than the public
dreamed of Employment had been
decreasing for several months, in-
dustry was slowing down, production
was falling off. The crash in the
stock market threw nearly 4,000,000
men out of jobs, and had a definite
reaction on the prices of farm com-
modities. Worst of all bank runs had
started in no less than twenty-four
citiex and with all of the confidence
wpussiible in the soundness of the
Federal Reserve Bank system, a
money situation was developing whicn
might easily have got out of hand
and which the Federal Reserve banks
would have been unable to cope with.
The response when the President
called the business and industrial
leaders into conference was complete. "\
These men had done business with .
Mr. Hoover before .In his long ser-
vice as- Secrétary of Commerce he
had demonstrated the truth of his
belief that any controversy can be set-
tled, if all of the persons interested
are got together in one room and kept
there until all the facts have been
brought out and idiscussed. Confer-
ences with busines sleaders were no
avvelty to him. He knew them and
| they knew him and believed in him.
That made his task in this instance
easier, though none the less important.
He knew who the “key men” were,
and they were the ones he called
together in Washington. He asked
them to undertake new programs of
construction work and they promised
them to him. ‘When they had all been
assembled they totalled the largest.
amount of money to be spent for
labor, . materials and supplies that
American business had ever spent in ;
the course of a year.
It did not make. much "difference
then what had happened in the past
The assurance that these things were
going to ‘happen in the future, that
these promises had been made to the
President, was sufficient to stem the
tide of panic ‘and restore Public cons
fidence. Yi
The electric light and power, ‘gas
and street railways promised to spend
$1,400,000,000 for new - constuction
(Continued on Page 5)