THE PRESIDENCY: Action Counts

President Hoover last week had a chance to compare himself with Theodore Roosevelt and Woodrow Wilson. Both those great men were mentioned in an open letter to the White House from long-nosed William Randolph Hearst, who said he wanted President Hoover to make ''some reassuring utterance" at this time of "sudden and unjustifiable collapse of (stock) values." He said:

"The people expect as much from you . . . as they would have expected from Mr. Roosevelt under similar circumstances. Surely your Administration could assemble the...

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