Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-07
DEBTS SOLUTION
IS FACING DELAY
Banking Situation and Tariff
Also May Be Economic
Farley Hitch.


Two factors combined today 10 make
problematical the prospects Of an early
solution by the Roosevelt adminis&ra-
ton Of the war debt and allied world
economic problem.
One was the pressing domestic bank
ing situation; the other, the lack Of any
visible enthusiasm on the part Of for
eign nations for the proposal Of Sec
rotary Hull that any country seeking
debt revision must hrst state its posi-
ton on matters Of broad tariff policy.
Hull would establish IS prerequisites
to negotiations for Q change in debt
settlement agreements the requirements
that debtor nation make known its
attitude toward reducing high tariffs,
abandoning restrictions on exchange and
otherwise facilitating the free move
ment Of goods. This has been the Hull
doctrine for years and 1t was in i'm
portant consideration in his selection
met.
Views Studied Abroad.
Just now Hulls views, presented by
the new Secretary to the Ambassadors
Of Great Britain and France, are under
going study at London and Paris 1t is
too early to tell the eventual reaction.
But growing Is the eagerness with
which Great Britain, before the Hull
proposals were made known. prepared
to send a delegation to Washington to
lay its case before the Roosevelt ad-
ministration almost Immediately upon
his assumption Of ONCE.
The question will become more i'm
; S,~ ~ ~ th
next debt installment-June 15-ap-
proaches. France ALREADY has de
ferred" its December IS payment Of
come SIS, 000. 900. and Great Britain, in
meeting the last $90, 900 900 installment,
made clear she regarded 1t as the last
under the present settlement. Failure
to solve the problem by June IS would
confront the new administration with
the necessity Of demanding payment
under the present agreement or grant,
ing another moratorium"
Domestic Conditions First.
In his first press conference as Sec
rotary of State, Hull said all thoughts
upon the domestic situation
The frequent consultations in which
the advice of the canny Tennessean has
been sought by the Chief Executive
along with that of his other counselors
did not prevent Secretary Hull from
going ahead, however, with organizing
his department for business.
His two principal lieutenants were
confirmed by the Senate during the day
and at once moved into their of11ces be-
side his in the rear corridor OF the
great stone State and War Depart
ment Building next to the White House.
They were William Phillips Of Boston
a Harvard man and experienced dip
lomat, who will be Undersecretary OF
State, and Raymond Moley, the As
year-old college professor, who has
ranked as one OF Mrs. Roosevelt's most
intimate advisers on war debts and
other vital problems. He will be an
assistant secretary.
Two Assistants Hold Over.
Two Of the assistant secretaries I'M
der Henry L. Stimson will hold over
Wilbur j. Carr, also confirmed yester-
day-who has charge Of passport and
foreign service matters. and Francis
White Of Baltimore, in charge OF Latin
American affairs.
One assistant secretaryship remains
to be filled, the vacancy left by the de-
parture of Harvey H. Bundy, who Will
return to Boston to practice law.
The passing Of the Stimson regime
and the beginning Of the new admin
istration was marked by a reception in
which the departments 800 employees
greeted the incoming and outgoing sec
retaries and undersecretaries in the
diplomatic ante-room opposite the Sec
retary's ofice. Mr.. Stimson was pre-
sented with a silk nag bearing the en-
sigma Of the Secretary Of State and a
great spread eagle coat Of arms. His
voice shook q bit as he expressed his
appreciation Of the gift.
Secretary Hull devoted much Of yes
terday to initiating himself to the de-
partment's routine.
On such matters as recognition OF
Russia and war debt negotiations he
said there had been no developments,
explaining that such matters had been
overshadowed by the banking difficul-
ties and a problem Of finding a remedy.
AS to the possibility Of the British
sending q delegation to talk debt re-
vision this month he said he had had
no word. This was taken as an in
dication that a formal discussion Of
debts with a group specially sent from
Europe is at least a month away and
that probably the prospects Of such q
meeting are indefinite at present.