The labor world., 1921-12-24

- NNAAASAAA AVA 04A- AAVNA 4A0L4NAAUA
e conference now. concluding; its
nd start industry' is the, slogan.
Endorsed by Publicists.
The plan: was decided on at a
meeting of the general committee
held at Washington early this week.
Mr.. Gompers presided. :, Resolutions
were una min. ously adopted urging
as an Immediate pressing necessity
the calling OF an International eco
nomic conference. -
Favorable expressions endorsing
the resolutions were given by Presi-
dent Lowell of Harvard. Henry W.
Farman Of Yale, William Fellowes
Morgan, president of the Merchants.
Association of New York, Theodore
Marburg of Baltimore. George W.
Douglas, canon, cathedral of St.,
John the Divine, New York, and
A.. b. Farquhar, vice president OF
the United States Chamber of Com
merce.. :
.,:, Not On Finance.
The resolutions distinguished
sharply between q, purely financial
conference and an economic con-
ference. They set forth that the
work of the present conference ia.
evitably leads back to basic econom--
ic conditions which can be altered
little, il any by political arrange
ments. It':is onl, the beginning in
the solution Of world problems which
are finally economic in character
The United States Is urged to;
Impress upon. other nations the
':in1mediate. and pressing 8. :. necessity
for: an, international economic con-
ference to- meet and deal with those
problems which can he dealt with
in no other way: Thee fol1owin<
reasons are given for sueh . com
Eference: s:. =Z,,}z< :. s s u, i =
Cannot Create wealth.. =,
"Government and political ar
rangements between; governments
may transfer wealth but they can
not create wealth., hence to deal
solely with political issues cannot
produce of itself either the funda-
mental constructive thought or the
basic economic, readjustment ne
cessary to- world stability. The
radical and progressive proposal for
the reduction; of naval expenditures
for destructive equipment can be
viewed only As a magnificent initial
step: which is likely to prove futile
If not followed as it logically should
be by n fearless dealing with the
economic aspect of world relations.
1T Is vital that the credit OF
European communities be restored
and made stable, and this cannot be
done until economic order lis, re-
stored.
- 1T has been stated semi officially
that arrangements for an 2interna-
tional financial conference have
been considered ands partly per.
fected. The insuffictency of a con-
ference, representing financial in-
terests only. must. be obvious to
those who have given. thought, to
the subject. as such conference
would not be competent and: would
not have the authority to- deal with
those questions which: are. Of most
vital moment. :: s.,
Start Up Industry.
""The paramount need. is to start
the wheels of fndustry:.,and9to restore
the world OF agriculture to its full
productiveness: Commodities which
maintain accepted standards OF life
must be produced in normal manner
and quantity as the basis for stable
credit and stable rates of exchange.
1t is vital that there be made: such
international adjustments as will
not only promote but will stimulate
economic growth and stability. Every
factor in the worlds economic Me
must be adequately represented"
= Speaking OF the resolution, Presi-
Lowell of Harvard said: '.Theories
and catchwords amount to :naught.
The pressing need ise to reach q
e o m m on understanding between
peoples through nations associated
together" 49,. - &: So 49,
), Remove War Causes ~
Professor Farnum OF Yale :de-
clared that further cohferenoess0n on
4 this and other; subjects: among ma
tons will remove the causes ofytar.
Mr.; Morgan of the Merchants
association: believed. in; annual 1drk'
conferences to discuss. measure1 II.
Epromote. the: tranquility and amt.
of the world =. Others spoke in &.
similar vein. E s =. ..t:...,. -
i More than 1900 speakersS>haye
! volunteered to, speak for thxSsen-
efa1 committee, many OF thea be
Ing members and offioershof tuHs
unions: Itsis proposed tl1aas spe41
ers be- sent TO any city In 5hxcdNat
4 try for the purpose of md aizfn
public -opinion ON this question.
Every meeting will be, urged to
adopt resolutions to. sbe forwarded
a to Washington giving endorsement o
!, Americas participation In further
world agreements. :, - 4 -. !;
8 Complete world disarmament can
not be hoped for until and unlese q
Z, considerable measure of equality ot
economic opportunity il assured Il
all nations. The proposed economic
conference is 70 agree upon sueh Z
lproeram. r s. =5...s -.