Evening star., 1933-06-25
HULL SCORES FOES
OF j. PROGRAM TO
RAISE PRICE LEVEL
Charges Critics With Aim to
Defeat 0bjectives of Eco
nomic ParIey.
INTERNATIONAL ACCORD
SOUGHT BY AMERICANS
World Wide Campaign for Credit
Expansion and Public Works
Will Be Pressed.
BY the Associated Press.

By the Associated Press.
LONDON, June PA drive for an
international accord to raise prices in
harmony with the American recovery
program was under way in the World
Economic Conference tonight as Secre-
tary Of State Cordel Hull assailed the
sources Of suggestions that internal and
tntergovernmental schemes of action
were In conflict.
The parley finished its first fortnight
with several leading delegates express
ing determination to bring it down to
brass tacks in order to discover which
way 1t Is going or can go.
As a result of this weeks serious rift
over monetary stabilization and French
charges that the United States is block
ing agreement here In order to help its
own domestic campaign against the de-
preston, Secretary Hull again defended
his Governments position In declara-
tion to the press.
There is mo basis and no logic" In
the thought that Americas domestic
plans are incompatible with interna-
tional efforts to halt the crisis, Secre-
tary Hull declared.
From the American viewpoint, he
said, there Is only one way the confer
ence can go now, and that is in the
direction of worldwide cooperation to
restore price levels.
Early talk Of de facto sterilization Of
the dollar convinced the American dele
gates that such q move would under
mine American markets at this time
and defeat the recovery efforts originat-
Ing at Washington.
World Drive Impends.
Therefore a program to initiate
worldwide campaign for credit ex-
pansion and the launching of public
works will be pressed by the American
group n the hope that Stabilization may
usefully be set as an objective some
time in the, future.
Difficulties in the way of agreement
on such problems as trade barriers
while the leading world currencies. the
American and the British, are OF the
gold standard, thus leaving internation-
al commerce with an uncertain meas
uring stick, are recognized by Mr.. Hull
and his colleagues, but the American
view is that these problems must be
solved simultaneously.
AS the levels Of prices rise throughout
the world, the need for high tariffs and
import quotas, according to the. Amer
lean position, will diminish and the task
of removing these restrictions will then
be easier.
The spokesmen for the United States
See no reason why the basis for removal
of trade obstacles cannot be laid while
the price lifting processes are going on.
1T is, think, obvious that In times
of emergency such as this" Mr.. Hull
told newspaper men, leach country must
resort to whatever reasonable methods
are requisite to bring about an increase
In commodity prices, with accompanying
projects safeguarding that country In
the face of the general chaos Of inter-
national trade.
There is no reason that can con-
ceive why these restrictive programs,
having for their purpose business re-
covery with full employment, suitable
wages and satisfactory price levels
should not have the united support OF
all those who are sincerely striving for
(Continued on Page 3, Column g.