The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-21
CHIEFS At FARLEY
CONSIDER MOVE TO
HALT. MONEY talk
Would Deal Only With Economic
Problems to Prevent Con-
ference Collapse
COMPROMISE BEING SOUGHT
French Appear To Be Weaken
ing in Demand For Quick
Financial Action
COMPROMISE BEING SOUGHT

London, June 21.-(R)-Prime Min
ister Ramsay Macdonald and other
leaders of the world economic confer
ence are understood to be considering
the radical step of suspending discus
sion Of all monetary matters and deal
ing only with economic problems In
order to prevent the possible wrecking
|of the conference over the currency
sterilization imbroglio.
Gold standard countries were still
talking about forcing adjournment Of
the conference pending sterilization
Of the American dollar and other ma
jor currencies.
Conference leaders late in the day
were discussing the possibility OF a
satisfactory compromise being effected
by temporary abandonment of none
tary affairs.
At the same time, speech by
Georges Bonnet, French finance min
lister, was taken to indicate that
France is weakening in its demand for
immediate consideration of stabiliza-
ton moves.
The forceful French minister took
the floor in the subcommittee on
temporary monetary affairs and,
while again demanding sterilization,
pledged Frances full aid toward the
success of the conference"
M. Bonnet's speech, in which he
painted his picture Of the dangers Of
initiation and currency depreciation
with broad brush. was one of his
most eloquent efforts In the confer
ence.
I'VE demand concrete decisions and
not simple signatures at the bottom
Of papers which the wind will i'm
mediately carry away" he declared.
ITO arrive at this end we bring you
our entire aid"
Later he emphasized this with: Il
repeat that the French delegation
brings here Frances full aid to the
success of the conference
Sees Security As Need
The French finance minister as
serted the conference would be total
failure unless it marked progress to-
ward political, economic and financial
security. He asked:
How are you going to conceive a
lasting upturn in business without,
first, political security; second, finan-
cial security which assures the stabil-
| ity of money as the common measure
of exchange?
I'VE believe these are fundamental
points, and If the world economic
conference does not mark progress in
these subjects the conferences failure
will be total"
At another point he said. Large
currency fluctuations not only imperil
national moneys and economic struc-
lures but also threaten modern So
ciety, which is founded entirely on
credit"
Despite official denial, it was re-
ported in the conference lobby that
at the private steering committee
meeting earlier in the morning M.
Bonnet raised the question of the
conferences future If sterilization is
not achieved Immediately.
James M. Cox represented the Am
orleans at this session.
Persistent pressure had been applied
by the gold-standard bloc Of contin-
entail countries, headed by France,
for adjournment of the conference
pending sterilization of the American
dollar. ~
In the lobbies, a campaign was free
ly conducted for adjournment for a
few weeks. The French contend it
would be better to recess the parley
for a month or six weeks than to
continue with an unpegged American
currency unit.
! Officials Are Silent
| Seekers after information were in
formed that officially there was moth
ing to say, but unofficially numerous
continental delegations made no ef-
fort to conceal what was on foot
Quarters close to the American dele
cation expressed the opinion the gold
bloc move is poker bluff" to try to
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