The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-06-12

WarQS answering measures TAKEN DY
foreign governments and exceptional
and unforeseen circumstances Of a.
nature gravely hampering French
production and commerce, the gov
eminent is authorized . etc. The
aggressive nature of the bill and its
part in a definite trade war of the
nations, is clearly shown by this
quotation.
U. s. To Maintain Deprecated
Dollar
LONDON. June 11.-That the fall
ing value of the dollar will be used
as a club at the London Conference
was made clear by statement by
Ralph Morrison of Texas, member Of
the United States delegation here
yesterday. unless the tariff situa-
ton is improved Che means until
the European countries modify their
tariffs against the United States any
sterilization of the dollar will be
purely temporary" Asked whether
the administration had been depreSs-
ing the dollar, Morrison replied: II
think that the administration has felt
that some move in that direction
would be beneficial to our internal
situation In other words, the adj
ministration feels that the internal
situation is helped along by infia-
tionary wage cutting But by thus
cheapening costs, American foreign
trade also reaps an advantage over
its economic rivals by dollar deprecia-
ton, and it is this aspect of Roose-
velt's initiation policy that England,
and especially France, objects to. In
reply to these people, Morrison says
that there is mot the slightest be-
lief" in Washington that the dollar
will be allowed to g back to its Old
Narity,
French Default Certain.
PARIS, June 11-Finance Minister
Bonnet, one of the leaders of tia
French delegation to the Economic
Conference, in an interview with the
Paris Soir, said: ut is no longer
| possible to maintain massive pay
ments from one nation to another"
| The reference was TO the war debt
payments which France owes the
United States, and which falls due
On the 18th of June. He added,
| "yhe Lausanne Conference solemn
| ly condemned such payments and we
/ remain true to its decisions" This
/ is the clearest indication that the
French government has yet given
that they intend to default on the
payment.
English Reported Planning Part
Payment,
LONDON, June lit is reported
that a majority OF the cabinet is
agreed on policy Of part payment
of the war debt due the United
States. The plan is to submit de-
! finite proposal to the White House,
and await the American reaction to
this partial offer which the English
will probably suggest should be
made in silver rather than gold.
The Sunday Times, which usually
follows rather closely the mind of
the Foreign Office, corroborates this
today, saying that Great Britain has
requested the United States to sus-
pend the war debt payments due
on June is until a final settlement
was negotiated. II negotiations
would be made more easy by a token
payment this would not be ruled
out, though England takes the po-
sition that since it nov receives
nothing from its debtors or from re-
paratious payments, it should be
relieved of wer debt payments to
its creditors The Sunday Times
concludes by writing that I'm the
event token payment is rejected
there will be no payment by Great
Britain in respect Of the instalmens
now 4aA"