Evening star., 1933-06-13
London Conference Credited
With Aim to Help All Nations

willing to cooperate toward economic
recovery" thinks the Asbury Park Eve
ming Press, with the further conviction
that this country carries the hope OF
uniting the world ON sound basis y
Noting thai stability recently has been
achieved by the leading powers of Eu-
rope, the Louisville Courier Journal
holds that "th's Is factor for fast ac-
tiun. which President Roosevelt has
, IRE Fort Worth Star. Telegram says
that "for three years the world has been
In q condition OF stalematc In respect
TO trade" and interprets the problem
as one ito knock down the costly Struc-
ture Of individualism and replace it
with one OF mutual exchange. That pa
per. however, quotes Epictetus' advice
that nothing great is produced sud-
denly. since not even the grape or the
fig is" The Star Telegram feels that
"the world would be happy to see the
assembly yield the floor Of Epictetus for
a motion to lay down q sound philoso-
phy upon which to erect 1888 struc-
ture OF international prosperity" That
paper svers that "the foreign debts
are the most inconsequential items now
confronting u.s." and points out that
1T isn't SO much that We stand to lose
the amounts of the debts as how much
we are certain to lose II we do not be-
come cooperative In other international
1T is likely" according to the Cleve-
land News, that the debts. will consti-
tute an ace In the hole for America,
and that concessions may be made in
return for genuine trade advantages"
Boston Transcript and the San Fran
cisco Chronicle. The Atlanta Journal
feels that "the problem is exceedingly
complex and formidable" and as to
the conference In all It's aspects. the
Journal advises that 1.-The future of the
cotton farmer, OF the wheat grower, of
the manufacturer. of the merchant and
OF the millions Of wage earnefs depends
upon the outcome Of the sessions" The
Philadelphia Evening Bulletin. recalling
that "in 1923 Congress finally accepted
debt arrangement with Great Britain
which, In q number Of important re-
laid down for the settlement" offers the
opinion: 1T may again accept as an
accomplished fact terms negotiated by
the Executive, which 1t would repudiate
II asked to sanction in advance" The
Springfield tMaSs) Union comments:
That Congress may intrude itself into
the proposals In relation to money
standards and tariffs is altogether prob
able and 1t Is not likely to have
soothing influence on negotiations" The
American delegates, in the opinion of
the Baltimore Sun, IF out of reach of
political pressure could unouestionably
work out q scheme Of tariff revision
from which the whole world would gain
enormously"
The Kansas City Star concludes that
"the nations have learned by hard ex-
perience that the go-italone policy in
vites disaster" and that lowering OF
tariffs and stabiliza ton of currencies
can come much mere readily by con-
certed action by groups of nations than
by individual initiative" The Birming-
ham Age Herald feels that there is
precious little difference between eco
nomic nationalism and political nation
alism." and holds that IF the powers
could cooperate to save themselves eco
nomically. 1t might be that they would
not find 1t SO hard later to cut down
their military establishments
The Sioux Falls Daily Argus Leader
contends that by and large, the Amer
ican home market is all important"
and that I'VE have something to gain
at London, but much more to lose"
The Lincoln State Journal sees "Eu-
rope prepared to take some more candy
from U.S."