Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-07-11
GOLD BLOC CLAIMS
VICTORY AT LONDON
Agenda Limited to Undis-
puted Topics Over Protest of
U. S. and British Colonies.
Continued From First Page.)

and talked jokingly with French news
paper men.
The Drafting Committee met in an
attempt to reconcile differences In view
point as to what should be retained IN
the conference agenda. The gold bloc
insisted on tt:e exclusion Of nearly all
monetary questions.
One high quarter said: THE seS-
sion was very spirited, but there was
not much actual quarreling-not much
more than Is always the case when
those men get together"
He added that agreement on pro-
cedure was finally reached"
1T was a compromise between the
two sides" he went on. Some OF us
have bsen raped on the head for re-
vealing too much. so I cannot say any
thing more"
Unanimity Is Sought.
A high authority said 1.-The agreement
reached by the Drafting Committee OF
the Monetary Commission leaves 1t up
to each of two subcommittee and their
subcommittee to determine just what
subjects cannot be discussed with view
to reaching unanimity-it being agreed
that unanimity is necessary for accord
in such a conference as this
While the Monetary Drafting Com
mittee was meeting Secretary OF State
Cordell Hull was busy conversing with
various confc ice leaders.
Later Mr.. Hull, chief Of the American
delegation. said that I'VE are making
real progress today" He expressed the
opinion that the atmosphere was
changed completely since last week,
when gold bloc representatives de-
manded adjc 'rnment on the GROUNDS
that progress without currency staplll-
zation was impossible.
Soviet Russia in proposal submitted
to the Monetary Commission remlnoeo
the barley that one of its main objects
Is to increase imports, and asked the
nations to come forward with offers to
buy goods rather than tariffs to smut
out goods.
The Russian proposal stated that
there was possibility OF increasing
sales in Russia under certain conol-
ton. 1t also asked for consideration
of the Soviet's suggested pact Tor eco
nomic non-aggression before ADJOURN
ment should take place.
Pittman Presses Silver.
Senator Pittman of Nevada pressed
forward Will uie WIN Va ~ -,
committee on controlling the world
market for silver.
An agreement with India on restrict
ing sales of silver. 1t was said in an
authoritative quarter. is near compile
ton. although details are still to be
worked out,
with success in sight on this plan
for stabilizing the price OF the white
metal. the Nevada Senator was hope
full Of reaching an agreement also !or
maintaining the fineness OF silver com
age and for preventing the dumping
of silver on the world market through
debasement of coinage. This would
clear the way for action on part OF the
Pittman resolution calling for the
optional use by central banks OF one
fifth of silver in monetary reserves.
1t was understood an agreement TO
adjourn the major phases OF the parley,
perhaps on July IS. was reached yes
terday. with the British suggesting that
committees and experts continue their
work until Fall.
Informed circles said this plan was
tentatively approved by the Steering
Committee. which decided also to elm
mate subsidies and tariffs, as well as
quotas. from further discussions. The
Monetary Commission voted % to Is to
keep the original program intact.
This latter decision was called blow
to France.
Britain Backs America.
Another late development having a
bearing on today's meetings was the
speech in the House of Commons by
Neville Chamberlain, British chancellor
Of the exchequer. who announced a
virtual unity of purpose Of American
and British governments.
1T is the declared intention Of the
Government to pursue by all means
in their power any measures which they
think will tend toward raising price
levels. which We believe to be the first
essential" Chamberlain said in explain
ing Great Britain's policies regarding
the conference.
A bitter fight was believed to lie be-
fore the conference. before it adjourns.
in an attempt to obtain prolongation
OF a tariff truce
High conference sources said one of
the motives of the battle waged last
week to bring about immediate ad-
journment was to end a tariff truce, to
which 40-some nations now adhere tn
order to make possible new barriers
against goods from countries with de-
preciated currencies.
The American delegates consider the