Evening star., 1933-06-25
HULL RAPS FOES
OF u. S. PROGRAM
Charges Critics With Aim to
Defeat Objective of Eco
nomic ParIey.
Continued From First Page.)


the international economic cooperation
so indispensable to permanent recovery
Taking cognizance of intimations ap-
pearing in the press and elsewhere
Secretary Hull declared that sugges-
tions that the American domestic pro-
gram and the ideal of international
cooperation do not harmonize may
originate in quarters which desire con-
fusion in the conference and are seek
ing to prevent realization of hopes that
are the purpose and objective" of the
London meetings.
The entire Conference is looking for
ward with great interest to the arrival
next week of Raymond Moley, Assistant
Secretary of State and President Roose-
velt'S special envoy.
Mr.. Moley will bring latest reports
to the American delegation as to how
the home program is going.
It was made clear in authoritative
sources, however, that the Assistant
Secretary is not bringing radically new
directions for the American group. He
will stay at the American embassy, and
this Is regarded as an indication that
he will follow his well known policy of
keeping in the background.
The American delegates are spend
ing quiet week end, most of them in
the London hotel headquarters where
Mr.. Hull and James M. Cox are pre-
pairing for next weeks new develop
ments.
Several European representatives had
time to get home, some to consider
their domestic political situations
Georges Bonnet, the French finance
minister and chief of delegation, went
home to face demand in Parliament
that the conference adjourn owing to
lack Of stabilization pact.
The currency stabilization controversy
mas been the most serious problem OF
the week, involving the clash between
the American price-ra:sing plan and
fears Of initiation if Continental coun-
tries which had disastrous experiences
In postwar currency panics.
Faced Political Pitfalls.
Delegates here pointed out that the
French representatives faced political
pitfalls In trying to discuss price-rais-
Ing devices Of an inf1ationary char
acter. problem more difficult to the
French than to the American Govern
ment, which has congressional man.
date to pursue monetary program of
The first tangible results from the
conference next week are expected in
well-informed circles to be action on a
project for restricting wheat acreage
and exports, and on the monetary use
of silver.
With the representatives of the
United States, Canada, Russia and
Argentina in substantial agreement
upon the principle of restriction, only
Australia of the big producers of wheat
remained to be heard from.
1t was understood that the Australian
delegate, Stanley NJ Bruce, had re-
ceived new instructions from Canberra,
but 1t was indicated that the wheat
discussion had beeen adjourned until
Monday.
Senator Key Pittmans resolution
proposing reduction of monetary cover
age for currency from 40 to Is per
cent, Of which one-f1fth may option
ally be of silver, has been debated the
last few days in two subcommittee.
The silver aspect of the monetary
problem, particularly measures for pre-
venting debasement of coinage and
dumping of the metal on the market,
have received special attention from
the subcommittee.