Herbert Hoover photo

White House Statement About Conferences on Railroad Reconstruction.

March 18, 1932

THE PRESIDENT has had conferences with the Directors of the Reconstruction Finance Corporation, the members of the Interstate Commerce Commission and the Department of Commerce, interested in reconstruction matters, together with the executive committee of the Railway Presidents' Association and the chairman of the Railway Credit Corporation upon coordination of reconstruction activities. The conferences are still continuing.

Note: At the President's request, W. W. Atterbury, president of the Pennsylvania Railroad, had extended an invitation to other members of the Advisory Committee of Railway Executives, who were meeting in Washington, D.C., to visit the President at the White House.

The chief question before the conference was the extent to which the Reconstruction Finance Corporation would extend loans for other than emergency purposes.

Herbert Hoover, White House Statement About Conferences on Railroad Reconstruction. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/208556

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