The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-23
U. s. CENTERS
ITS DRIVE ON
HOME REVIVAL
Internal Recovery First,
Regardless of World
Developments.
POLICY MADE CLEAR
London Farley Results Will
Be Secondary in RooSe-
welt Program.
BY RAYMOND CLAPPER
United Press stan Correspondent
Downright. 1879. hv Irnitnd prnrs1

WASHINGTON, June 23-The
Roosevelt administration has de-
cided to concentrate everything on
its domestic recovery program.
irrespective of international de-
velopments, the United Press
learned today.
While the United States will not
withdraw from the world economic
conference, the administration feels
that its chief hope is that other ma
tons can be induced to concentrate
in similar way upon internal re-
covery.
The Roosevelt administration is
determined that nothing shall
hinder its main drive at home. If
the London conference can agree
upon any measures which will
facilitate that program, so much the
better. But this government will
join in nothing that might retard
or endanger it.
Policy Definitely Stated
That is the policy behind the
sharp rejection of temporary cur
rency sterilization, and the policy
behind the Couzens resolution at
London, urging the other govern
ments to go into internal expansion
programs similar to Americas.
When Prime Minister Macdonald
and other foreign visitors came here
a few weeks ago they were told in
effect: The United States intends
to pursue domestic policy based
upon reaching a higher price level.
using imitation so far as necessary
to achieve il and unemployment
through public works and industrial
control.
This government took the attitude
that the American people were es-
sentially a debtor people-that is
they had incurred heavy obligations
at a high price level and needed
restoration of that price level to
recover.
Italy Backs u. S. Idea
Britain and France inclined to
the viewpoint of the creditor classes,
of keeping down price levels and
otherwise operating for the advan-
tage of the money-lending class.
Curiously, this government found
Italy most responsive. 1t found
Italy doing much the same things
attempted here.
Italy is spending twice as much
per capita on public works as is the
United States, American officials
say.
There was such a. lack of SYM
pathy with the American viewpoint
in some quarters that the Americans
went into the conference with grave
miSgivingS. In addition, the Amer
lean delegation is regarded here as
having bungled badly the situation.
After Assistant Secretary of State
Raymond Moley reaches London it
is expected that the United States
will present a statement of position
which will set the world straight as
to the American policy. Bernard M.
Baruch, at the request of the Pres
ident, has drafted a memorandum
which is being sent to Moley.
AAe AIneIlCan pOSlClon, Wnen 1t
finally is put forward in clear cut
terms, is expected to suggest in sub
stance the following
l. That economic difficulties are
largely domestic to each country.
2. That certain long range aids to
recovery can be worked out in time.
g. That parallel internal recov-
cry measures in each country are
more important as an immediate aid
to recovery.
4. That these internal measures
should deal with curtailment of sur
pluseS, balancing of budgets, and
reduction of expenditures, develop
ment of unemployment through
public works and other measures.