Evening star., 1933-05-12
ARMAMENT LINKED
WITH ECONOMY At
WHITE HOUSE TALK
Schacht and Roosevelt Agree
That Success of ParIey
Demands Arms Cut.
REICHSTAG SUMMONED
TO CONSIDER DEADLOCK
Geneva Meeting Blocked by Ger
man T,..c'usal to Accept
London Proposal.

By the Associated Press.
A Joint statement issued today by
President Roosevelt and DR.. Hjalmal
Schacht, German representative, sale
both were convinced that the Worlc
Economic Conference could not be g
success unless along with economic
disarmament there is military dis,
armament"
I'VE emphasized the necessity OF
speedy elimination Of the obstacles te
international trade" the communica-
ton said, "and We feel that the creation
of stable conditions in the monetary
field is equally important.
Economic and monetary questions
ere SO interdepsndent that the adjust
ment Of both must necessarily go hand
in hand"
Parleys Concluded.
The statement, issued at the conclu-
zion Of the informal parleys with Ger
manys representative preparatory to
the World Economic Conference in
Londcn, said quick and far-reachlng
solutions are necessary to save the
economic life of the world
Until restoration of order in eco
non1ic life has relieved unemployment,
1t added, "all possible endeavors must
be made to help the unemployed by
sound internal credit expansion and
by a synchronized international pro-
gram for the mobilization of public
and private credit for productive pur-
poses"
The text said:
In our conversations We have been
guided by the hope that the World
Economic and Monetary Conference
may be successful.
Quick and far-reaching solutions
are necessary to save the economic life
of the world.
Cooperation Imperative.
I'VE are convinced that this aim can
not be achieved unless, along with
economic disarmament, there is mill
tary disarmament. We emphasize the
necessity of speedy elimination OF the
obstacles to international trade, and
we feel that the creation of stable con-
ditions in the monetary field is equally
important. Economic and monetary
questions are SO interdependent that
the adjustment of both must neces-
sarily go hand in hand.
Until the restoration OF order In
economic life has had its effect in re-
lieving unemployment, all possible en-
deavors must be made to help the
unemployed by sound internal credit
expansion and by Synchronlzed IN
telnational program for the mobiliza-
ton of public and private credit for
productive purposes. international CO.
operation is needed above all else to
restore economic life and to insure
peace. We fully agree in our firm re-
solve to help the world situation by at
tacking present problems vigorously
along these lines"
German readiness to agree to world
tariff truce with minor reservations"
had been announced earlier by DR..
Schacnt, who said it had been Ger
many'S intention to do so all along.
He remarked he did not understand
why so much confusion on the point
had been created. He said Germany S
reservations were minor compared 10
those of Great Britain and France.
Agreement Soon.
DR.. Schacht indicated his country
agreement to a truce soon would be
made known formally. He did not
state what the reservations were. Great
Britain and France have both specified
provisions designed to enable them to
raise tariffs to meet depreciation OF cur
rencies.
Strong efforts have been made here
rs we'll as abroad to dissolve German OBJ
jections to the British arms reduction
plan, and similar diplomatic suasion is
expected to be employed by the Presi-
dent in his forthcoming talks with high
Japanese officials.
Mr.. Roosevelt has taken disarmament
as well as war debts into his own hands
and is sparing no effort to bring about
acceptance Of the plan proposed at
Geneva by Prime Minister Ramsay Mac
Donald of Great Britain.
Germany has been stumbling block
In the way of progress toward adoption
but officials here feel that Japan like
wise will present objections in due time
French opposition has been dispelled
at least temporarily, by Mr.. Roosevelt S
assurances that the United States will
help guarantee international peace by
some form of consultative pact if def
mite arms limitation is achieved.
japanese Due May 2s.
The Macdonald plan, which include!
such security provision, wcult
abolish heavy mobile guns, heavy tanks
bombing from the air and poison gas.
It likewise would set definite limita
lions on the size of Continental Euro
pean armies and would require tina
they be of short-term conscrip
militia type rather than comprised of {
professional volunteer long-term service
= soldiery.
Germany. with its professional army
saeld out against this latter change ant
sought the right to increase its arma
ment. The President in his talks witt
DR.. Schacht, tactfully sought to chang
this attitude.
The disarmament problem is regarded
here as certain to enter into the talk
the President will have with the Jap
anese economic delegation due her
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