STABILISING TRADE
EFFORTS IN AMERICA
HOOVER'S BUSINESS BODY
WASHINGTON, sth December.
Over 400 leading representatives of industry, finance, trade, and commerce, who have been meeting to devise means for carrying out President Hoover's effort to stimulate and stabilise business, concluded their labours by appointing 72 outstanding members in the business world to begin the task of organising an executive committee which will be the nucleus of an economic council designed to keep a watchful eye on economic conditions and prevent depression such as was coincident with and followed iv the wake of the recent stock market crash.
The names of those who will comprise such council and the scope and character of their work, will not be announced for several days.
The body of men composing the conference, who represented billions of dollars in corporate and individual wealth, was described as "the greatest cross-section of American industry over gathered together."
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Bibliographic details
Evening Post, Volume CVIII, Issue 138, 7 December 1929, Page 9
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150STABILISING TRADE Evening Post, Volume CVIII, Issue 138, 7 December 1929, Page 9
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