Long ago President Hoover and his Cabinet ceased optimistic predictions of an early return of prosperity. The President, after setting May for the end of the business slump, saw his forecasts go all awry. Even Secretary of Labor James John Davis, the most irrepressibly cheery prophet, has grown silent on the economic future. Democratic delay on the tariff bill was recurrently cited by Republicans as the reason for unsettled business. They prophesied a quick upturn as soon as that measure was out of the way. The new tariff became law June 17. But...
To continue reading:
or
Log-In
