STATE OF BUSINESS: Confidence at Hot Springs

The nation's leading businessmen got a chance last week at Hot Springs, Va. to sound a clarion call for what the Government should do about the recession—but they never got the horn to their lips. Instead, the more than 100 members of the Business Advisory Council, a blueblood business group that advises the Secretary of Commerce on top policy matters, spent their semiannual meeting without reaching any clear-cut conclusions about the economy, particularly the matter of a tax cut.

The time is not ripe for a tax cut, said the council's antirecession...

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