THE PRESIDENCY: Looking Up

THE PRESIDENCY

In the early days of the Depression President Hoover used to tell the country in direct discourse how and when he expected a turn in the economic tide. When his forecasts failed, he lapsed into worried silence. Last week for the first time in months he again spoke encouragingly to the nation on economic improvement—but only in indirect discourse. The Press trooped into his office, jotted down his "background" facts and figures and departed to notify their readers that President Hoover believes business is now...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!