Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-11
FARLEY ON SILVER
|. VOTED BY LAT|NS
Senator King Joins Appeal
for Conference in Radio
Forum.
Continued From First Page)

= Continued From First Page)
necessary to guarantee the normalcy OF
commercial operations.
AT previous group discussions dele
gates had approved two resolutions, one
recommending the silver conference
and the other urging Latin-Amerlcan
countries which already had not done
SC to adopt the gold standard. The
second. with the words gold standard"
supplanted was passed along With the
silver conference PROPOSE.
The conference also adopted reSo-
luton suggesting that the American
Republics grant the greatest tariff
privileges" possible to one another
Measure Substituted.
This resolution was substituted for
one that had been introduced by the
Cuban delegation asking a two-year
tariff truce The approved measure as
serted that excessive customs tariffs and
discriminatory internal taxes constitute
one of the principal causes OF the eco
nomic crisis.
The tariff privileges" which were not
elaborated upon, would be granted oy
the American Aepubics ''as Oar as the
conditions of their internal economy
may permit
Reduction of internal taxes on the
manufactured products Of other West
sern Hemisphere countries also was SUs-
Rested.
The original silver proposal was ad-
vanced by the delegation of Ell Salvador
and called for a conference on remon-
'etization of the metal. The Mexicans.
however. under the leadership of j..
Silva Herzog and Daniel Cosio Vii
legaS: modified this to urge study OF
Rehabilitation" of silver. In this form
1t was passed by the group which con-
sidered the general topic of Currency
Sterilization" In this group the United
States was voted as favoring both the
silver conference and gold standard
resolutions.
King Takes Part.
The gold standard resolution, however,
was passed in an afternoon session after
some of the silver proponents had left.
Among these was Senator King. Demo-
crat, of Utah Although not a dele
gate. Senator King took prominent
part in steering the silver resolution
through the conference.
feeling OH the part of some OF the
delegates and conference observers the
following day that the resolutions con-
fiicted in spirit. if not~ technically,
brought assertions from both sides that
there was no conflict. The two recon-
mendatious were sent to a committee
to be drafted in conformity with each
other and emerged today with the gold
standard" phrase removed from the
wording.
Proponents of the gold standard part
of the resolution said they were salts
fed that the phraseology of the reso-
luton would carry the gold standard
idea. without such being specifically
mentioned. Silver proponents, on the
other hand, were cheerful at their sue
cess in wedding out the obnoxious
section.
The United States abstained from
voting.
Fear interpretations. u
While White would not amplify his
comment on the conference floor, it
was understood that American dele
gates feared the vague wording of the
currency resolution. if accepted by the
United States. might embarrass this
Governn1er1t through the variety of
possible interpretations.
An American observer present said:
eff the United States had voted affirm
atively on that resolution almost any
theoriSt could have returned from the
conference to claim American support
for his ideas on currency"
The conference also recommended
TIE Il american governments grant
such tariff privileges as their internal
economies permit
The .generaliZed tariff recommended
ton was a substitute for Cuban pro-
poSaI for tWo-year tariff holiday
among these governments to permit
time for study looking to rearrange-
ments in duties.
Tariffs Held Slump Cause.
The conference expressed the convic-
ton that excessive customs tariffs and
discriminatory internal taxes OF certain
natural products, manufactured or not
constitute one of the principal causes
OF the economic crises which the Amer
lean republics are passing through and
which 1t IS urgent to remedy"
The tariff resolution provided that
THE conference submit to the imme-
clate consideration of the American
governments the hope of the delegates
that the American republics would
grant. as far as the conditions of their
internal economy may permit the great
est tariff privileges and the reduction
OF internal taxes to the natural prod
ucts manufactured or not, produced
by the soil or the industry of. the ma
tlonal territory Of the other countries
through agreements which are in con-
tormity with the Pan American spirit"
KING URGES CONFERENCE.