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...
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