Evening star., 1933-08-06
PRESIDENT VIEWS
WORLD RELATIONS
Canvasses Hopes for a New
Economic Order in Confer
ence With Hull. .;
By the Associated Press.

By the Associated Press.
HYDE PARK, N. Y, August S.
Hopes for a new order in world eco
nonic relations were carefully can
vassed today by President Roosevelt in
private conference with Secretary
Hull of the State Department, who hur-
ried here on his return from the Lon
don Economic Conference.
The Secretary stopped in New York
only long enough to deny reports fore
casting his resignation.
Il imagine" he said, that comes
from opponents of the doctrines and
policies that many Of us are trying to
advance. I have no intention Of re-
signing now or hereafter, nor am in a
speculative state of mind. have no
thought of resigning."
The chairman of the American dele
CATION brought to the President de-
tailed report giving the inside" of the
recessed parley. He also submitted
recommendations for action when the
conference reconvenes.
Bee hn0tueI conference
It is the expectation of Mr.. Roose-
welt and his Secretary of State that
the meeting to speed improved condi-
tions for the people of the world will
reaSsemble in the Fall and find real
accomplishments.
AS Mr.. Hull and Representative S. D.
McReynolds, another delegate, arrived
on the steamer President Harding the
tn1
The conference, despite any con-
fused reports about its status. is still
alive and has a thoroughly virile and
comprehensive organization to direct its
affairs during the recess period"
The Secretary issued a statement
pointing out that, although the chief
problems Of the conference remained
undispoSed of, the recess 'can afford
little elation to the pessimist or the
defeatist."
Says Outside Help Needed.
after nearly four years Of isolated
and futile efforts by each nation to
extricate itself from terrific depression
conditions" he said, "enlightened peo-
pie everywhere must agree that there is
at least room for additional and outside
help. and that no such help could be
more sane or practicable or valuable
than the unchoking of international
finance and commerce, now reduced to
a skeleton.
ITO preach failure and the futility
of the World Economic Conference at
this premature stage would be to preach
the gospel of despair, both as TO eco
nomic and military disarmament. 1t Is
the verdict of history that many de-
structive wars. owing their origin TO
bitter trade and economic strife, could
have been avoided under policy OF
peaceful conference and mutual under
standing.
Had there been one week OF frank
conference in July, 1914, such as the
recent six weeks in London. the catas-
trophe of the World War probably
could have been averted."
To Come Here Tomorrow.
Secretary Hull planned to remain
overnight at Hyde Park and to go to
Washington tomorrow.
Certain it is. although no official
word was forthcoming from the seclu-
sion of the Summer White House to-
day. that the United States is going
to stand by its present monetary policy
until Mr.. Roosevelt is convinced that
the American dollar has found its true
purchasing power ana lCS real lever
with other world currencies.
Refusal Of the United States to enter
temporary stabilization agreement
which the gold countries sought to force
was one of the stumbling blocks in the
parley Mr.. Roosevelt is going dog
gedly ahead on his own policy in this
connection and will act only when he
thinks the time is right.
When that time will be depends upon
developments He will enter no sta
bilization pacts until he is sure that the
true level of all currencies has been
found and stabilization can be actual.
But nothing came to the outside