The Washington times., 1933-04-28
ROOSEVELT AND
HERR|OT VOTE
To COOPERATE
Conference Is Brought to Close
With Promises to Work
Together on Issues
BY GEORGE r. HOLMES


his ministry upon the issue Of
Frances paying her debt to the
United States last December,
brought their conference to a
close here today with mutual as
surances that their two govern
ments would continue to collabo-
rate" in steps for worldwide eco
nomic restoration.
They examined the controver-
Sial issue of Frances defaulted |
debt to the United States with
out agreement-and also, they
said, without disagreement-and |
exploded a wide range of sub
jectS' to be taken up at the World |
Economic Conference.
Declare for Cooperation
They Joined in a declaration
there never has been time when
Franco American cooperation was
more necessary "for the main
tenance of peace, for progressive
and simultaneous economic dis
armament, and the restoration of
stable monetary conditions in an
atmosphere of general security"
The net result of their discus
sionS seems to be little more than
greater mutual recognition Of
each others problems. No agree
ments, definite or implied, were
reached.
The controversial problem pre-
Sented by the French debt re-
mains as it was, except that M.
Herriot is returning to France
pretty we'll convinced that his
government cannot expect much
from the United States in the
way of concessions. and nothing
at all until the default is cured"
Joint Statement Issued
In joint statement issued
from the White House just before
the French envoy boarded a train
for New York, they reviewed the
field of their discussions Of the
past week. 1t follows:
"Our conversations had as
their object and as their result
as complete an understanding
as possible between our two
countries in regard to our COM
mon problems, the conclusion Of
definite agreements being re-
served for the world economic
conference.
"At no moment has under
standing been more necessary
between France and the United
States for the maintenance of
peace, for progressive and stimuli
taneOuS economic disarmament
and the restoration of stable
monetary conditions in an at
mOSphere of general security.
We have noted with deep salts
faction that our two govern
mentS are looking with like pur-
pose at the main problems of
the world and the ObjectiveS of
the world economic conference.
AGREE ON CONFERENCE
"The Government of the
United States and the French
government has been able al
ready to announce their full
agreement in regard to the
necessity of a prompt meeting
of this conference, the object
of which must be to bring about
a rapid revival of world ac-
tivity and the raising of world
prices by diminishing all sorts
of impediments to international
commerce such as tariffs. quo
taS and extreme restrictions,
and by the reeStabliShment of a
normal financial and monetary
situation.
1--WE have examined in par
ticular the manner in which
commercial policies should de-
velOp for the purpose of promo
ting rather than restricting in
ternatiOnaI trade.
1--WE have studied monetary
problems and the different
methods possible for a cOOrdi-
nation of central bank policies;
the remedies which may be
brought forward to attack the
menacing problem of unemplOy-
ment and the StagnatiOn of
business by the execution of
programs of public works to
be carried out by the differ
ent governments by such meth
OdS as are within their means;
the effect of the depression ON
silver and the different meth
DDS proposed to improve its
status.
QUESTIONS INTERLOCK
'The questions which are be-
fore the world today are for
the most part, in our opinion,
intimately bound up with one
another. They constitute the
separate elements of a single
problem, the sound and perma-
nent solution of which should
be sought in an international
collaboration SuppIementing the
indispensable domestic efforts
of each country.
"The worldwide suffering Of
millions of unemployed demands
without delay that this cOllab-
grafton which has been SO hap
PLY begun here, should be con-
tinued. In conclusion, our free
and cordial exchange of views
has led us together to record
the will of our two countries
to continue this collaboration
and to seek to extend it to all
other nations in order to assure
to the peoples of the world the
opportunity to labor under con-