Evening star., 1933-04-30
PROSPERITY DRIVE
CARRIED FORWARD
ON WIDE FRONT
Davis Proposes Sweeping
Tariff Truce to Agents of
EIGHT Nations.
RESULTS OF PARLEYS
WITH ROOSEVELT HAILED
Way Held Open for Debt Solution.
More Statesmen en- Way Here
for Economic Talks.
By the Associated Press.

BY the Associated Press.
Plans for marshaling a united front
among nations for a drive against de-
preston moved forward yesterday In
various parts of the world as President
Roosevelt concluded his first series of
great international conversations and
prepared to resume others.
Dropping down in London by air
plane, Norman H. Davis, Americas
Ambassador at Large, proposed to rep
resentatives of eight organizing nations
for the World Economic Conference a
sweeping tariff truce proposal.
Authoritative reports said Davis pro-
posed a moratorium on tariff increases
for the period of the truce
Secretary Hull, speaking in Washing
ton, declared history pointed to Am--
rica for leadership in the existing
grave crisis" and called for an end TO
''bootstrap methods" on the part of in
dividual nations in combating the de-
preston.
Bennett Sees New Will"
Prime Minister Bennett of Canada,
as he turned homeward after historic
conversations with President Roosevelt,
called for greater effort than ever be-
fore to stabilize the currencies of the
world and said that from the Presl-
dents conversations there was arising
"a new will for coordination in the
world"
Former Premier Edouard Herriot of
France, as he sailed from New York,
told newspaper men that as result of
his conferences with Mr.. Roosevelt
both sides are now in an excellent
position" Amity between the United
States and France. he said, is one Of
the great essentials" for world peace.
Statesmen on Way Here.
Prime Minister Macdonald was on
the high seas en- route back to England,
while high representatives of both Italy
and Germany hurried toward the White
House to take up talks along lines
similar to those held by him.
At Washington, Democratic leaders
announced they would seek tomorrow to
gain a quick approval of the huge farm
relief bill, with its rider allowing the
President far-reaching power to initiate
the currency, and fix the gold backing
of the dollar at different level than at
present.
An imitation BOOM swept over the
markets on the strength of the news
from Washington, and stocks. wheat
and cotton prices were pushed up by
a wave of buying.
Way to Debt Solution Seen.
The end of the first great series Of
international conversations at the White
House found the United States and its
fellow nations well launched for the
first time toward solution Of the vital
postwar problems of debts, heavy ar
maments and economic nationallSm
Whatever the eventual verdict Of his
tory NAV be, the talks with Macdonald
and Bennett marked direct and frank
application by President Roosevelt OF
his policy Of the good neighbor" in
world affairs.
cials and a between-the- line reading
of the necessarily vague communiques
issued there emerged certain definite
conclusions, outstanding among which
were these:
That the President had met frankly
the thornieSt of all the problems
that Of the S11 ,000, 100000 owed to the
United States as result Of the war
by various European nations-and had
opened the way for friendly settle
ment of these obligations.
Suspicious Disarned.
That the President had successfully
enlisted the support of all three ma
tions, in principle at least, on pro-
gram of cutting away the tangle OF
tariffs exchange restrictions and other
barriers with which the several coun-
tries have surrounded themselves in
selfishly nationalistic attempts to live
for themselves alone.
That the President had disarmed the
British and French suspicion, which re-
suited from Americas sudden departure
from the gold standard, by explaining
to them the domestic considerations
which prompted the action.
That the United States is ready to
assume new responsibilities in lending
its influence to the preservation of
peace in order to bring an atmosphere
of national security which will allow
definite reductions of ornaments.
That the President has persuaded his
visitors to help assure the success of
the world monetary and economic con-
ference by agreeing not to boost tariff
walls to gain bargaining power at that
conclave set for June II in London.
The President more than any one else
realizes the amount of work which has
yet to be done. But there has been
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