The morning journal-courier., 1908-09-17
HAGUE CONFERENCE {. ON FISCAL AFFAIRS Importance of International Meeting Planned for 1909 Recognized at Wash
 ington. DIFFICULTIES PERPLEXING Germany ana Italy. Authors of Pro. posal to Consider Exchange,
 Have Made Up No Draft
 of Law.
DIFFICULTIES PERPLExING

{, The Hague, Sep..s 16..--At the re- quest of Germany and Italy, Holland Is to invite the powers represented at the second Hague peace conference to participate In a further conference at The Hagua. probably In 1909. for the elaboration os n draft of universal treaty.
 It Is suggested by the Netherlands that the royal commission of' lntcrna- tional law, ns affecting private per sons, make the necessary arrange ments.
 Berlin, Sept l6..-The foreign office this afternoon gave olt the following official statement regarding the pro- posed conference al the Hague for the regulation of exchange:
 The Netherlands rovernment has invited he powers 10 an International conference to consider the law govern ing exchange. but 1t is not yet certain when the conference will meet. No draft of future agreement has up to the present been circulated"
 Washington Sept l6-The import ance of an International conference he wing in view the adoption of laws for the regulation of exchange. as propos- ed by the German and Italian govern ments, Is at once recognized by off, cials having ,o do with tho fiscal af- 1 fairs of the government The Hague dispatch was of great interest 70 them as well as to others, who are students of international affairs. However, the difficulties In the way of reaching a common basis of agreement and under standing on this important question are. it was pointed omt numerous and perplex!ng. This is especially 20 be- ! cause of the variations in the premium on gold in the different countries of the world. The proposition has not yet reached the United states government { but 1t is presumed there will be nc hesitation on its part to be represented at the conference because of the i'm portance of the questions involved.
 Germany md 1taly's proposition re- calls the discussion several years ago at the Pan-American conference at Rio da Janeiro when there vas talk of esta blshins m American nternation- almonetary' unit to facilitate the trans action of business operations and to simplify the exchange of money. Moth ing conclusive came of the delibera- fstions, however, there being such d. vergence of opinion among the dele gafes as 10 make 1t impracticabe to come 10 d common agreement
 It is pointed out that should an in- .ternatlonal conference result from the proposition made by the two European governments, 1t will not be a Hague conference, in the sense that the tive previous gatherings of the powers oi the world in that city were. when ques. tions Of international law were dis. cussed. It will be a conference similar to others that have been held iron time to time at the invitation Of vari ous powers of the world for the dis cussion of important questions affect ing the interests of the people at large Many such conferences have been heit at the invitation of the United State! government. France and Italy simpl, propose to make use of the machiner, of the Hague for calling conference there to discuss matters of Information al private law or practice affecting worldwide interests About forty pow CTS participated In the last Hague con ference, so that if there is any genera response to the invitation of German, and Italy the gathering will becaus of It's size, command attention and it deliberations will be watched witt uvnht Int