BIG BUSINESSMEN
AMERICANS MEET TO HELP HOOVER STIMULATION OF BUSINESS WASHINGTON, Friday. More tliau 400 leading representatives of industry, finance, trade and commerce held a meeting to devise means for carrying out the effort suggested by President Hoover to stimulate and stabilise business. They concluded their labours by appointing 72 outstanding members of the business world to begin the task of organising an executive committee, which will be the nucleus of a continuing Economic Council, designed to keep a watchful eye on economic conditions and to prevent a depression such as was coincident with and followed in the wake of the recent stock market crash. The names of those who will comprise the council, and the scope and character of their work, will not be announced for several days. The body of men who composed the conference, who represented many thousand of millions of pounds in their corporate and individual wealth, was described by one speaker as “the greatest crosssection of American industry ever gathered together.”
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Bibliographic details
Sun (Auckland), Volume III, Issue 840, 7 December 1929, Page 11
Word Count
166BIG BUSINESSMEN Sun (Auckland), Volume III, Issue 840, 7 December 1929, Page 11
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