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;U.S. PRESIDENT'S
©MEAT OPTIMISM
Promise oS
prosperity
(DM. World Cables)
; HEW YORK, Tues.— President
Eisenhower yesterday pledged an
even '..more prosperous- year for the
'United States in . 1954 than in -the
record-breciking I ¥53.
i His statement, which wm made
In' a national broadcast, came as a
rehuf to gloomy critics who
recdntly'fpnecdst. an economic
depression originating in the V.®.
PIEBTHC MANGES'
The President, who was
making a broadcast report
before his State ..of- the
Union address on Thurs
day, said that the admin
istration would not toler
ate "a boom and bust" in
the States.
British United Press saia
! that in repeating this
promise of measures for
domestic prosperity, . Eisen-
h'ower appeared to be con
tradicting forecasts of a
U.S. economic recession.
President. Eisenhower
said, "The United States
can meet changing : cir
cumstances without
bringing about the eco
nomic chaos for which
the Communists hope." .
> He listed among the ac
complishments of the gov
ernment during his first
year of office.
© Halting oi inflation.
© The ending of fighting
in Korea.
O The strengthening of
western defences.
A U.S. Commerce De
partment survey forecast
a week ago, that there was
"real possibility of a reces
sion in 1954."
The report, which was
prepared by 19 economists,
stated however that they
believed expanding indus
try could cope with the
threat of the business
slump when defence ex
penditure begins to decline.
The President empha
sised in his broadcast
yesterday that U.S. pros
perity did .not depend on
war or the preparation
for war.
Soviet talks
Eisenhower's speech, with
its emphaSis on peace and
prosperity, was followed by
a State Department an
nouncement that Russia
had agreed to join in pri
vate conversations as a
preliminary to negotiations
on Eisenhower's atomic
pool proposals.
The department said
the U.S. Ambassador to
Moscow (Mr. Bohleri)
had conferred with the
Russian Foreign Minis
ter (Mr. Molotov) on tbe
most feasible way of
starting the negotiations.
Mr. Molotov said he
would consider the matter
and inform Mr. Bohlen.
A State Department
spokesman said he was
confident the issue would
be raised at the Berlin
talks on January 25.
$