The midland journal. (Rising Sun, Md.) 1885-1947, 1933-05-26

Ss$S# ference in London.
n - 49,. This he accomplished,
according to an an
Donald in the house of commons, al
though Great Britain made important
reservations providing that the trade
pacts now being negotiated by Britain
should not be affected. The text of
the agreement between Davis and Mac
Donald was cabled to Washington for
the final approval of the American
government, which was promptly
given.
France. Italy and Belgium have ac-
cepted the tariff truce. the two former
stipulating that 1t be based on the
present dollar valuation and that a
superduty can be imposed if the dollar
depreciates further. Favorable re-
sponses were expected in Washington
from Japan, Germany, Holland and
China.
DRIAIE MINISTER MAC DONALD in
1 his speech to parliament also took
up the subjects oflwar debts and world
disarmament, throwing considerable
light on the negotiati lions between his
government and President Roosevelt.
He declared that the world economic
conference cannot be fully successful
unless the war debt difficulties have
been removed before it comes to an
end. He said that on this there is
complete union of opinion" The pre-
mier asked parliament to hush up dis
cussion of this question and not ask
embarrassing questions concerning his
negotiations with the United States.
He said that if the world disarma-
ment conference was to come to any
thing like a satisfactory conclusion.
the United States would have to take
part in consultative pact. "the eff
feet of which would be to increase the
security Of European nations and the
safety of threatened nations against
war;" The United States, he said,
had so agreed and an announcement
would soon be made in Washington to
that effect.
President Roosevelt presumably
agrees with Macdonald concerning
the necessity of settling the war debts.
He sent to congress message asking
that he be given authority to deal with
the other nations in settling the debt
issue. at least temporarily. Secretary
of State Hull admitted that the debt
matter would be taken up concurrent
ly with the issues before the economic
conference, but both he and MacDon-
aid insisted it would not form part of
the conference discussion. Macdonald
said the June Is due date on debts
was ian awkward hurdle" and asked
parliament not to make it harder to
surmount by premature debate.
France hopes for a moratorium or
its equivalent on the payment it owes
June Is, and the cabinet confirmed
its decision not to pay the nineteen
million odd defaulted in December I'M
less 1t is granted, rejecting Herriot's
proposal that the debt interest due be
paid Immediately. In Washington 1t
was said the administration felt
strongly that no consideration should
be given France on the June 10 pay
ment unless she first paid up the sum
Tint was due in December.
In his message to congress President
Roosevelt also asked for a grant of
blanket power to negotiate tariff re-
visions so he can carry out his pro-
gram for stimulating world trade by
breaking down high tariff barriers.
TURNING back to the matter of
L world disarmament, we again find
Norman Davis active. He had long
talk in London with DIR. Alfred Rosen-
berg, who is Chancellor Hitler's chief
adviser in foreign affairs, and is said
to have told him fatty that the United
States is utterly opposed to any in
crease in ornaments by anyone, and
that America regards Germany's pres
ent policy of demanding larger army
as an obstacle to the success of the
QlSuItudLHeIiI COuleEeuCe. ne let the
German know that the United States
government thinks Germany is tend
ing to become disturber of European
peace.
Rosenberg in return, it is said, dis
claimed any intention on Germany's
part to disturb peace. but reiterated
Germany's claim to equality of arma-
ments. preferably to be obtained by
disarmament of other nations to the
present German level than by Ger
many's rearming to their level.
TIME Wheeler resolution, urging
i American delegates to the world
economic conference to work for an
agreement to remonetize silver at 16
to with gold. was approved by the
senate. The resolution merely calls
ON the delegates Ia work increasingly