STABILISING U.S.A. TRADE
BUSINESS MEN ORGANISING
REMARKABLE MEETING HELD
ECONOMIC COUNCIL PLAN
By Telegraph—Press Assn.—Copyright. Rec. 7.40 p.m. Washington, Dec. 5. Over 400 leading representatives of industry, finance, trade and commerce have met to devise means for carrying out President Hoover’s effort to stimulate and stabilise business. They have 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 a continuing economic council designed to keep a watchful eye on economic conditions and to prevent 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 composing the conference, which represented billions of dollars in corporate and individual wealth, was described as “the greatest cross-section of American industry ever gathered together.”
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Taranaki Daily News, 7 December 1929, Page 9
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162STABILISING U.S.A. TRADE Taranaki Daily News, 7 December 1929, Page 9
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