Washington, Mar. 7.
President Hoover issued a statsment to-day designed to" refute those who would make the american juhemployment situation a stumbling-block for' the "Administration.
He declared that unemployment is jonly one-half or one-third as serious fas it was at the times of the jof 1907 and 1922. Accordingly, the shortage of jobs should be overcome fin. from 30 to 60 days.
The President said that reports rom the Departments of Commerce fand of Labour indicate that the chief distress is confined to 12 States, while in the remaining states the unemployment is seasonal.
He believed that the Presidential appeal for construction work! throughout the country, as a means. jof giving employment to those out lof work, has been beneficial because there has been a nation-wide res~ mse.
Meanwhile money is available for investment at lower rates of interest {for construction of all varieties of buildings, including homes.
All evidence indicates that the ]worst effects of unemployment will ]soon be over, Mr. Hoover asserted. been There evidence of continued cooperation of many agencies with the Government for the relief of distress.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.