Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06

The question of relations with Rus
STA, which, because of its controversial
element was expected to furnish one
Of the contentious points Of the Con-
gress Of the international Chamber Of
Commerce. appears to have been
shelved.
1t was due up yesterday afternoon
at one Of the group sessions, but lost
out when other matters occupied the
time of the delegates until after 4
o'clock, when adjournment was taken
that the visitors might attend re-
ception at the home of Secretary of
State Stimson. The understanding was
that It was to be brought up again II
time could be found, but. it was held
decidedly doubtful If such time would
be had.
The question was not entirely passed
up however, as a monograph prepared
for presentation to the congress by
Hugh L. Cooper. president of the Amer
ican-Russian Chamber Of Commerce,
stressing the importance Of the Rus
sian market was disturbed to the dele
gates when no opportunity was afford
ed to present 1t from the floor.
$4,000, 5000 Order Likely.
HTculCIlOH bIldb ftuSSld NOuIO fDuy dL
least $4,000, 100000 worth of goods
year 'if the outside world will consider
this trade opportunity on sound eco
nomic principles" was made by Cooper
He said the Russian market involved
potential purchasing power that can
provide the much-needed stimulus to
world trade"
Copper suggested a comprehensive eco
nomic study of the Soviet market by
business, industrial and financial leaders
of all countries normally dealing with
that country.
Such a study he said, could be used
as basis for a conference with Russia
for the formulation of internationa
agreements looking to a mutually ad-
vantageous world trade program" Proof
that Soviet officials would welcome such
conference was abundant, he said.
Silver Issue Discussed.
Another isSue-silver--on which there
is difference Of opinion. came up before
this same group session, and brought
from representatives of China and India
two countries most affected by its de-
cline, a plea that the chamber support
an International Conference TO consider
remedial measures.
The resolution for the conference was
introduced by the Chinese delegation
and seconded by s. r. Bomanji. an as
sociate of Mahatma Gandhi who in a
sharp attack on British policies in India
said no relief could be expected from
the mother country.
Bomanii told the assembly. which in
cluded a large British delegation. that
England had treated India unfairly by
taxing her silver and by reducing the
exchange value of the Indian rupee
The session YVES further enlivened by
a proposal from DR.. H. w. Coates, Brit
ish financial expert. to establish a gold
standard in China instead Of attempting
10 stabilize the price Of silver, which
he said was impossible.
Presents Silver Resolution.
Tsuyee Pei, manager Of the Bank Of
China, presented the resolution for the
International conference.
Saying the low price Of silver Is one
Of the important causes Of the world
depression, Pei promised full co-opera-
ton from China in an international
effort to stabilize the price of the metal,
and warned that II joint action is not
forthcoming, China will have to act
alone.
Discussing recommendations for plac-
Ing China on the gold standard and for
putting duty on irnportations of silver
into China, he said either would harm
the silver market.
II China changed from the silver to
the gold standard, he warned, 1t would
not only place an extra burden on the
worlds short supply Of gold. but would
provide problem In disposing of the
demonetized silver.
Preparations Discussed.
Preparations came in for brief stten-
ton at this group session when DR..
Edward Hamn. former German minis
Ter Of economies, said creditor nations
must be prepared to accept goods or
services in return for loans.
This applies to reparations as well
as to the commercial situation in gen.
eral," he added. The streams Of capital
and goods must be met on an equal
level. You cannot expect water to flow
upstream. Cooperation in these two
~ &C. c. Mn 4