The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-11-30
Will Attempt
Stabiliziing Of
Exchange Rates
BY DAVID LAWRENCE.
(Coryr:ght ~ The lntelIlSsncSs.)

Washington. Nov. - America has
decided tu join hands With the "iher
poNNrs Of the world N Hn "6'r' 10 80"
hilizs International e<,hanEH.
The tinted Sta.cS So. eminent has a'-
ceplcd thu ,a,ria,' IGN - the allied Gov-
c~nmen;s T., hs rsSresealeG At CON
fercrc,, t. 30 held abroad n til" near
future a. whrcn the whole question "t
exchange vii be eAdrH!"ci
This rs ,hc most Important sep n
the df-.ct.ua ~ rnanc'a. "c'"Justmcn'
v hiur h7- IecH taken s."r" the arms
.Ico. # SLcceSSfL' the movement ma
nave rlr-reachinS effect upon the re-
,:5al - business n Nmcr!Ca and par
i.cuiariy in the restoration Of marNetS
for tne sale OF American agricultural
AMI manufactured products.
r"la long time there has been per
~,Sltni eTor; on the part "' European
countries L. elicit Americas : interests
= an international financial conference.
Tntlp has oven been suggestion that
the ,,ur-t."n Of the wHr deh;S a.; me
.,:5.r. n:rnt hs discussed 1T III" arma-
n,cmt ,rutc-Cncs 1T Washington but
;ni~ Hc. has been abandoned. The
lno>smcN. - reconstruct the w"ridS
HnanrcS Will be a slow AMI evolutionary
rre and will no, hc confined to single
conference but 10 q series Nt meetings
which may take ;he h"tter part "f
YEAR. The Whole thing Is the "utSrowth
~ yhe rScommcndatioIS made at the
last International conference at bruN-
SS.s hut I now has the moral support
81 the I nitcd States government wHirh
means that more results vii! be accom-
p!isAed.
win Be Observers
Jus, Who the american representa-
tiyes will he is not known nGt un-
douhlediy some banker or bankers vi
prominence. These men viii De IN the
nature oc observers and Will not be au-
,hor'zed 10 conclude any agreements
binding the United states but VIII cA-
rlore the whole field and bring bacN TO
ihiS country recommendations "nIch
might Gc laid before American bankers
n q series Of conferences such as
Presldent Harding held at tive White
Hous. last spring. When there is agree
ment among American bankers as TO the
prorer course 10 be pursued, there prob
ably will be a Anal conference in Wash
inEtun At which the whole fiscal Situa-
ZION Of the world will be reviewed and
deRnite plans laid for financing the
trade q, the globe.
Americas part in the deliberations
viii hardly ne passive even though hsr
delegates will not have the power 70
commit this country 10 any definite pIaH
~ action. The Harding administration
intends to throw the tu'l weight or rs
influence on ;he side "' financial recon
.,ructiuu. Th!s' has heen urged for
many months BY leading bankers as
We. as b. such innuent:ai organizations
as rhc United States Cham5er OF Com
,-Ft hoa nj Of IN
tA-ns,ional hnarce become that men Ike
Frshk NaaAerllp and james simpson ot
Marshall rieid & Company. who have
iyst -eturaed from turope are insisting
rhs, chaoS will follow IL America does
n, sac the financial situation abroad
o. g IntSrsEsed
N,Nnr this l'ne cableEramS from Paris
,od3v tell ~ the decision OF the repara-
lionS commission 70 appoint 4 commit
TOO OF hSnkcrs and etnrrts in interr3-
..onal e&change - devise means FOR
rrc,cRt,nS a shock 10 exchange rates
whenever Germany nays or fails "a pay
her rr:uiar renarat!cn payment Al
tnoic, the tu'tei states doesn't re-
,e,.a any reputation money. ncH"rthe-
iAss this country Is deeply interested in
International exchange and therefore
smN"lca Will have he observers a. the
tuNfe~e0Ce 10 De ne'u AT i"T'S neat
month which is described IN the lariS
press dispatches.
In oahe- words L may be taken for
uran:e,i tha; tho Harding adm :rStration
f7s embarked anon 4 policy Of cO-opera-
ttrr with other governments not merelT
for rne rruUction Of armamen; burdens
and rns settlement of such political
matters as disturb The peace OF the Far
l.as, b,l, nnanC.al 0uestions which have
nre, hanging in the az ever since tho
~a- ended and whr,h admittedly have
dou~ more 70 .Stu~b business conditions
e,c~. where than any other single fac
to- THO drop IN exchange has pre-
,r7ted America from selling her goods
abroad NJ sorts Of artificial measures
70 rrl.cye excl hange have been suggested
bur Irc tendency now "a 20 avoid expert
mental measures and go to the root nS
he trouble The theory upon which
the reNt conference will proceed. Il -
suggested by persons familiar wi.h tho
administration view. - beSt expressed
N the recommendation OF the Brussels
conference Itself which says:
The Accommodation
The conference recognizes that any
general inproy ement in the situation
requires a considerable period OF time
and tha, In present circumstances II -
not possible tor certain countries 10
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