Evening star., 1933-08-07
SEEK TRADE PACTS
IN LATIN AMERICA
President Turns to New
World After Breakdown
of London ParIey.
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matter of mapping out the course to be
followed preliminary to the Pan-Ameri-
can Conference, to be held in Monte
video, Uruguay, next December. Presi-
dent Roosevelt is represented as realiz-
ing fully the importance of this forth
coming conference, especially as 1t
bears upon the future trade relations Of
the United States.
Indirect Answer on Tour.
It Is not known definitely whether OF
not Secretary Hull will attend the
Montevideo conference or whether he
will make q so-called goodwill tour Of
Latin America to promote the interests
Of this country in Central and South
America. When Secretary Hull was
asked this question before leaving Hyde
Park yesterday afternoon to motor back
to Washington, he evaded the issue.
Mr.. Hull, however. did give the i'm
preston to those who talked with him
that when the time came he would go
to the American Conference and
that he would be found at the head Of
the American delegation attending that
important conclave.
Under the watchful eye Of President
Roosevelt. informal preliminary discus
sions looking toward reciprocal trade
agreements have been constantly going
on during the past month or so. These
have been conducted by Acting Secre-
tary of State Phillips, who has had fre-
uuent conferences in Washington with
the diplomatic representatives OF South
and Central American countries.
Have Accepted Invitation.
Already three of the major South
American countries have accepted the
invitation of the United States to ex.
plore possibilities Of trade alliances, ana
representatives of these countries nave
already begun discussions at the State
Department.
These countries are Argentina, Co
lombia and Brazil. Besides these Latin
American countries preliminary trade
agreement talks have been started with
Portugal and Sweden. These talks. as
it has been explained here, have been
conducted with the view to exploring
the possibilities of effecting agreements
which would be of benefit to all par
ticipants equally.
President Roosevelt looks upon these
agreements and the Montevldeo CONFER
ence as being of great Importance.
President Roosevelt Is counting SO
heavily on the successful outcome OF
negotiations with Pan-American coun-
tries that he has directed Secretary
Hull to take over the personal direction
of the negotiations when he gets back
to the State Department.
Forced on America
This concentration on Latin America
for trade development is understood to
have been forced upon the President by
the failure of the major powers at the
London Conference to show any desire
to cooperate with the United States
and their insistent attempt to inject
trade barriers that would work to the
detriment of the United States. Because
of this lack Of cooperation the Presi-
dent has made it very plain that this
country has been obliged to seek other
markets and therefore has turned to
the countries Of the New World.
There is every indication that as a
result of their talks at Krum Elbow
over the week end President Roosevelt
and Secretary Hull are in entire accord.
Besides talking Pan-American trade
agreements and relations they reviewed
at length the World Economic Confer
ence and the readjustment of American
foreign policy necesSitated by the fall
ure of that conference to reach concrete
results.
Hears From Morgenthau.
Mr.. Roosevelt last night received q
first-hand report on the World Wheat
Conference from Henry Morgenthau, sr.,
chairman of the American delegation to
that conference Their conference was
held on the wide porch of the home of
Henry Morgenthau, jr., governor of the
Farm Credit Administration, overlook
ing the Hudson, about 20 miles south OF
the home of the President Mr.. Roose-
welt had gone to the Morgenthau home
for dinner and to spend the evening
and at the same time to hear Mr.. Nor
genthau seniors report. 1t was about
midnight when the President returned
to Krum Elbow.
Arrangements are being made for a
conference at the Summer White House
tomorrow between the President and
George Warren and James Rogers, the
two professors recently appointed by
the President to make study OF fiscal
operations of the Government.
James W. Warburg, financial adviser
to the American delegation to the Lon
don Conference, is expected to attend
this conference tomorrow at Hyde Park.