Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-04-23
WORLD INITIATION
ACCORD PUSHED
Plan Discussed at White
House to Check Fall of
Prices.
Continued From First Page.)

when we were of. can you blame us?
Will any Of you put your hands on
your hearts and say you blame us If
we said: Never again, If we can help
it, shall we 60 through the terrible
Gays CT that I.cek end?'
M what is the meaning Of that?
hear some people using the ugly word
'retalis ton To me the very sound Of
retaha ion Is repulsive, but what Is
the spirit back of it. Nations, the
United States, Great Britain, France,
must protect themselves. But how do
you protect yourselves? BY retaliation?
That is to drag conditions down and
down and down through a, vicious spiral.
descending spiral COURSE"
Recalls Former Visit.
He said that when he visited WASH
ington four years ago, he was trying
to persuade the world that competition
in ornaments was wrong. Today he
insisted that If nations, politically and
nationally, want to keep secure and be
protected they must come to agreement
with other nations.
And so on this currency question"
continued Mr.. Macdonald, agreement
is the only protection"
The Prime Minister insisted that 1t is
more necessary than ever that the In
ternational Economic Conference should
be held.
ITS difficulties" he said, may have
been somewhat increased. What are
we for but to meet difficulties. whether
they are increased or not. hope that
our French friends and our italian
friends and all the others will be
spurred to seek agreement rather than
to be discouraged or make no attempt
to come to agreement"
At the outset of his speech Mr..
Macdonald spoke of President Roosevelt
as your very mild, forceful and
courageous President" After describing
the terrible condition resulting from un-
employment. the prime minister issued
the following warning: Your people
are now educated. The working classes
of the world are no longer serfs. They
are capable of thinking; they are capable
Of understanding the reasons why and
wherefore Crush those people down by
economic failure to poverty and you do
not merely rear stunted population.
but you create a revolution in your
population, an impatient population. a
population that will not dare to look
upon year after year the slow moving
machinery of democracy, that will rush
to quicker and rapider methods"
If the administration is successful IN
what seems to be its object today-cur-
rency imitation on an international
scale-the arguments of the foreign
debtor nations for the cancellation OF
their debts to the United States would
be weaker. for it has been held by the
debtors that their debts to us remain
the same while the prices they receive
for their products have been ever on the
decrease
Debt Status Question.
Just how far the British and the
French will go in their conferences mere
with the President in an effort to bring
about a readjustment Of the debts Is
question. Senator Lewis of Illinois.
member of the Foreign Relations Com
mittee, predicted that the economic
conference would fail If the debtor ma
tions insist upon discussing the war
debts ahead of international commercial
cooperation. The American people, he
said, are in no temper for such pro-
ceedings. While Mr.. Macdonald mas
said the debts must be surveyed, ne
has not indicated that they must oe
made the principal part OF the economic
puzzle which Is to be solved.
Today President Roosevelt and MI.
Macdonald will sail down the pic
turesoue Potomac River on the Sequola::
a Department of Commerce boat placed
at the disposal of the President. and
discuss further the ways and means OF
bringing a return of prosperity to the
world. They will not, 1t was SAID, re-
turn until late.
While the President and Mr.. Mac
Donald are thus engaged in personal
conference, their economic ADVISERS ana
experts will be engaged in marshallng
the facts and factors in the economic
problems for their use. At trst meet
ing of the executive heads OF the two
great English-speaking nations at the
White House yesterday, ATTENDED by
their advisers, 1.-The main problems OF
the World Economic Conference were
reviewed and a decision was reached
that these should be allocated IN the
first instance to the experts who would
commence their discussion this AFTER
noon and continue them tomorrow. &C
cording to a joint statement issued by
the President and Mr.. Macdonald.
No listing was made publicly OF the
questions considered, but there was an
exchange Of views by those present as
to the problems which should be dealt
with at the economic conference which
Is slated to be held in June in London.
Trade barriers. including tariff walls,
quota restrictions and the like, interna-
tional exchange and the monetary ques-
ton. international debts and the matter
Of arms limitation are believed to be
among those subjects advanced, now
ever.
Board Sequoia This Morning.
II the weather is fair today the Presi-
dent and Mrs. Roosevelt, the prime
minister and his daughter. Miss 1shbel
Macdonald; the Presidents secretary,
Louis Howe, and the secretary to the
prime minister, James Barlow, will
board the Sequoia about 1880 or IL
am. for their voyage down the river.
They will have luncheon, tea and din
ner aboard and return to the Navy Yard
here about 9 pm. These plans are sub
iect to change, but last night 1t was ex-
pected they would be carried out. Hav-
ing turned over to the experts the de-
tails of the problems which they wish
to consider, the President and the prime
minister will, 1t is expected. discuss the
broad. general purposes they have IN
mind and the measures they would Ike
to see put into effect.
A formal state" dinner was given last
night by the President and Mrs. Roose.
welt at the White House, in honor OF
their distinguished visitors, with more
than go persons gathered about the
board. Included in the list were the
Vice President and Mrs. Garner, the
British Ambassador and Lady Lindsay,
and members of the cabinet. The only
members of the Senate and House at
tending were Senator Pittman OF Ne
vada, chairman of the Foreign Relations
Committee; Senator McNary of Ore
gon, Republican leader; Representative
Byrns, majority leader Of the House,
and Representative McReynolds, chair
man Of the Foreign Affairs Committee.
The visits of the British prime min
lister and the former PRIME minister Of
France; M. Herriot, to Washington, will
overlap. So far as has been learned, 1t
l. - H.