The Hoover Week

Last week 86 eminent persons including Edsel Ford, John Hays Hammond, William Green, Howard Earle Coffin, August Heckscher, Clark Howell, Henry Stevens, Edward F. Hutton, William Vincent Griffin, Jesse Isidor Straus and Elon Huntington Hooker petitioned President Hoover to revive the Council of National Defense. They argued that a dictatorship was the way out of Depression. President Hoover promptly rejected their request. He felt that the C. 0. N. D. was only an advisory war body and that the Cabinet, Federal Reserve Board, Farm Board and Reconstruction Finance Corp. were now "the most effective economic council that could be devised." Declared the President: "It is my impression that but few of the gentlemen [signing the petition] are familiar with the law bearing on this subject."

P: To a night conference at the White House President Hoover summoned three Republican Senators and one Republican Representative now engaged in trying to devise a compromise economy bill. He told them the budget was still unbalanced by about $200,000,000. He insisted Congress stay in session until its fiscal job was done. Dolefully remarked Indiana's Representative Wood: "I think we'll be celebrating our Fourth of July right here in Washington."

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