Evening star., 1933-07-04
The Economic Conference
Many Proposals to Aid Restoration of World Pros
ter;ty at London Are Made, But
Little Is Done.
SIR OSWALD 1lOSLEY I'M

June 15-Mexico urges silver rehabl-
tation; United States receives stabil-
ization idea cody; Finance Minister
Bonnet Of France said conference Is
embarking on q sound money policy;
stabilization issue causes impasse.
June 16-German delegate asks for
colonies for Germany; Chinese delegate
says China will cooperate in raising
prices stabilization agreement seen
near at hand; Americans propose 10
per cent. tariff cut, but the suggestion
is disavowed: United States rejects cur
rency stabilization.
June 1sIDelegates rest over week
end
June l9-Gold bloc urges six weeks
adjournment, Senator Couzens presents
a silver stabilization program: United
States reported as seeking 1925 prices
before stabilization: Assistant Secretary
Of State Moley to be sent by President
Roosevelt to conference; Roosevelt ig-
nores French threat to adjourn.
June 20-French to ask showdown on
stabilization: Hull said to be disap-
pointed at rise of nationalism; adjourn
ment sentiment grows.
Agree Not to Quit.
June 2l-Russia outlines non -aggres-
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bloc; gold bloc and United States stand
pat; dollar depreciates further: wheat
parley taxes recess: Cuban delegation
asks action on sugar prices.
June 22-United States says stabiliza-
ton untimely; Hull resolution seen as
striking at French quota system;
French Americans agree not to ad-
journ; Britain supports American sta
bilization policy; shelving Of monetary
talk considered.
June 23-Irish delegates propose
world credit pool plan; various nations
present monetary proposals; British
start controversy over ship subsidies; ;
currency issue temporarily buried.
June 24-Week end finds more opti-
mistic atmosphere: gold bloc reaches
for depreciation.
June 26-Four-power wheat restric-
ton parley seems brighter; French
want British to peg pound Senator
Couzens says debt structure must be
adjusted.
June 2T British reject gold bloc
plea for immediate sterilization; James
M. Cox speeds action on gold resolu-
ton: wheat conferees decide to defer
action: gold nations to take concerted
action to defend standard; gold bloc
to unite to get England to stabilize.
June 2O Steering Committee reso-
lutions calls for stabilixation as key
to parley's success: gold bloc seeks aid
Of Bank Of England to protect cur
rencies; Pittman's gold plan approved
by subcommittee; French experts de-
clare devaluation imminent to combat
dollar OF gold: Esthonia decides to leave
gold standard; gold bloc considers ask
ing Assistant Secretary Moley to help
save gold standard.
(June 29) Japan wants others to peg
money first; France offers plans for At
lantic shipping combine; gold bloc pre-
sents ultimatum to Premier MacDon-
aid; French delegate urges wine drink
ing to end depression.
June 30) President Roosevelt re-
CARDS stabilization as banking, rather
than governmental problem deadlock
on stabilization; efforts to adjust stab
ilization fail: Roosevelt rejects cur
rency proposal submitted by Mr. Moley
(July 81 Roosevelt sends message re-
fusing to return to gold or protect old
fashioned gold standard.