Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-30
BARNES SEES WAY
TO i. S. Recovery
u. S. Chamber Head Stresses
Debt Revision, Arms and
World Court.
Ry che Associated Press.

| Ey the Associated Press
ATLANTIC CITY, N. J.. September
so.-Revision of foreign debts, adher-
ence to the World Court and effective
international disarmament topped a I2-
point answer presented last night by
julius H. Barnes to the problem Of
American economic recovery.
The chairman Of the beard of the
United States Chamber Of Commerce
ard close friend and adviser Of Presi-
dent Hoover, emphasized the need of
all international political moratorium"
through FTanco-German accord in
world program to overcome "a lack Of
general confidence"
| He addressed the annual meeting OF
the American Electric Railway Associa-
ton.
Rotation and spread of employment
and adoption OF a shorter work week
were included by Barnes in his sugges-
Ions for restoring enterprise in the
united states. Other points were:
Hits Antitrust Laws.
Revision Of antitrust laws, which. he
said, destroy the small business, be-
cause 1t is unlawful to consult regard
ing production and distribution
Framing our tax requirements ito
! spread justly and fairly where they'can
best be borne without injury"
| Giving regulated industry, like the
railroads, "a fair chance to maintain
their earnings and credit"
| economy in national expenditures"
reinsurance that we shall preserve
! the tradition Of private enterprise
mcIuoing specially termination of Farm
boaru operations in commodities trans
fer of Western barge lines to private
! interests and the end of agitation for
/ Government operation of Muscle Shoals.
Step by step" tariff adjustment to
represent only the difference in wage
scales and living standards against
cheaper labor competitors"
dependence on private resources for
| relef work and avoidance of Federal
charity doles."
Favors World Court Support.
Barnes said adherence to the World
| Court would demonstrate ''interna-
tional cooperation and good will" and
| that to follow the moratorium "a
financial program should be framed
with regard to the capacity to pay
| on our debtors. leaving a margin of
| savings to rebuild their own capital"
Despite the achievement Of a DOM
| inant financial position, he said.
France cannot wholly escape all con-
sequences of a disorganized Europe"
French aid is much needed by Ger
| many, Barnes said, and added:
| Steel Helmet parades, pocket battle
ships, agitation against the Polish cor
! ridor at this time do not tend to enlist
| friendly cooperation"
| Barnes said Germany needs "oyer-
seas money to fill the credit vacuum
at home" and that she must give evil
dence these credits will mot be dissi-
pated in social services beyond their
| means"
Sees Need in South America.
He said the world relics on Britich
financial experience and that "her re-
treat to second-line trenches does not
mean defeat"
| Besides an atmosphere Of peace and
confidence in Europe, Barnes said a
| continuity of administrative RESPONSE
bility is needed in South America.
where political instability repels tirnid
| capital"
In conclusion, he stressed the need
| of redefining proper relationships be-
tween economics and politics before
idle credits can flow freely into pro-
| ductive service in other lands"