Magazine content is available exclusively for TIME subscribers.THE PRESIDENCY: The Hoover Week: Jun. 20, 1932
Last week 86 eminent persons including Edsel Ford, John Hays Hammond, William Green, Howard Earle Coffin, August Heckscher, Clark Howell, Henry Stevens, Edward F. Hutton, William Vincent Griffin, Jesse Isidor Straus and Elon Huntington Hooker petitioned President Hoover to revive the Council of National Defense. They argued that a dictatorship was the way out of Depression. President Hoover promptly rejected their request. He felt that the C. 0. N. D. was only an advisory war body and that the Cabinet, Federal Reserve Board, Farm Board and Reconstruction Finance Corp. were now "the...
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