Evening star., 1933-07-27
RARLEY ADJOURNS
LONDON SESSIONS
RooseveIt's Message Sounds
Encouraging Note for
Future Results.
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Continued From First Page)
which speaker after speaker had voiced
in the morning session.
The delegates, like school boys re-
leased after a severe lecture and then
word of praise from their teacher,
laughed and chatted.
All morning the delegates had swell
tered in an atmosphere similar to that
of an American political convention.
Curtains were drawn to shut the sun
from the factory-like windows of the
Geological Museum. where the confer
ence is centered, and it was very hot
inside
President Roosevelt's cheering words
to Mr.. Macdonald came after Jean
Maisky Russian Ambassador at London
and head of the U. S. S. R. delegation,
had launched the most bitter broadside
of criticism of the entire session.
From mingled remarks Of disillusion-
ment and disappointment and Of hope
for the future, with which earlier
speakers began the days proceedings
the meeting rose to torrent of criticism
for the Soviet spokesman.
Holds Results Are "Zero'
"The practical results Of the first
session of the World Economic Con-
ference have been Zero" declared the
round faced Soviet diplomat. A smile
played around his lips as If he enjoyed
his denunciatory task.
"A comparatively small shock may be
sufficient to let loose the terrible dis
aster of war" he exclaimed after out
lining his views that the conference
had failed.
After declaring that Russia today l,
"the most important factor in tnterna-
tional peace" the Soviet Ambassador
said that peace is essential also to al
other countries IN order to save them
from the horrors and ruin OF new
war. the dimensions of which will fal
surpass the terrible experience ol
Iel4-1918."
The Soviet delegation will abstain
from voting on the question OF adjourn.
ment, the Ambassador said, and will
proceed with it's established principles
to strive for the development and con-
solidation of commercial relations with
other countries.
Secretary of State Hull made the
principal speech for the American dele
CATION at the afternoon session OF the
conference. He seconded President
RooSevelts tribute to the work OF the
pdTl6y, VleWllS lIlc Sdt4iCA AA6 Va AAAcS@
national statesmen as a definite step
in the progress of world recovery. When
he concluded the loudest applause OF
the day came from the audience.
Mr.. Hull emphasized that there were
only two ways of settling international
dificulties-by negotiation and confer
ence, or by force or war.
Who can say" he asked. that this
conference, which has not killed a
single man, has been failure?"
Bonnet Cites Results.
Finance Minister Georges Bonnet OF
France also said that the parley had
not met in vain Outlining the prog
ress, he cited the definite accomplish
ment of silver agreement.
Such accomplishments as these" he
continued, "are beyond doubt definite
guarantees of the future"
When NJ Bonnet concluded Prime
Minister Macdonald began the formal
wind-up of the conference and called
for adoption of the reports Of the COM
missions, which was agreed to.
1T now becomes my duty to bring
the World Economic Conference to q
close" Mr.. Macdonald said. Il share
the regret of the delegates that the
conference was unable to finish its work
without a recess, but there must be no
mistake about it. This is recess and
not an adjournment.
The need for agreement on the
subjects on its agenda is as great as
eyer If any one believes the signs
indicate that the World Economic Con-
ference should not proceed further, he
Is mistaken"
aze prime minister referred indi-
rsct1y TO the war debts, saying:
During the war and after it great
many nations have been living and
meeting their obligations by borrow
ing. Unless creditor countries are
prepared to accept goods and services
in payment of debts they cannot be
paid. Efforts made to disregard this
elementary principle have produced the
fall in prices which is ruinous to debt
ors and creditors alike"
Mr.. Macdonald urged that during
the recess all delegations should faith
fully report to their governments what
informationS and experiences they
gathered here so that they will return
with ample powers to bring the con-
ference to a successful end.
Referred TO Americans.
Some delegates interpreted this ref
erence to ample powers as directed at
the American policy, which made 1t
necessary that the United States dele
cation confer with Washington step
by step.
Unless the nations, the prime min
lister continued, are prepared to recog-
nize the importance ''of certain hard
facts Of common international inf1u-
ence. the only way out OF our present
position may be disastrous and even
80 1fat2 vapt
vate defaults"
While Secretary Hull acknowledged
In his address the necessity for the in
definite recess, he nevertheless urged q
study of his resolution designed to i'm
plement and prolong tariff truce in
voked at the start of the parley rs q
basis on which world program might
be developed during the recess and q
course for the conference to follow
Hull failed at meeting Tuesday Of
the Steering Committee to set maxi
mum period of adjournment, but he re-
fused to be considered defeated, saying
that "the duty and responsibility OF
the conference are as well known to us
as they are to every intelligent citizen
on the planet"
I'VE cannot falter," he declared. 1--WE
will not quit. We have begun and we
will go on
He scored the malignant opposition
of those who blindly or selflshly oppose
all international economic co-opera-
ton
While urging all countries to initiate
comprehensive domestic programs to
deal with the emergency and pointing
out that the United States had made
I, SPECIAL NOTICES.
SPECIAL RETURN-LOAD RATES ON FULL
and part loads to all points within I .OO0