Evening star., 1933-04-28
CONSULTATIVE PACT
BELIEVED ASSURED
Herriot and Roosevelt Issue
Joint Statement as
Talks End.
Continued From First Page.)

looking with like purpose at the main
problems of the world and the objec-
tives Of the World Economic Confer
ence
THE Government of the United
States and the French government have
been able already to announce their
1uu agreement in regard to the neces-
sity OF prompt meeting Of this con-
ference, the object of which must be
to bring about a rapid revival of world
activity and the raising of world prices
by diminishing ell sorts Of impediments
to international commerce such as tar
lf1s. quotas and exchange restrictions,
and by the re-establishment of a nor
NAL financial and monetary situation.
Problems Bound Together.
I'VE have examined in particular the
manner in which commercial policies
should develop for the purpose of pro-
noting rather than restricting inter-
national trade.
I'VE have studied monetary problems
and the different methods possible for
a coordination of central bank policy,
the remedies which may be brought
forward to attack the menacing prob
lem OF unemployment and the stagna-
tion of business by the execution Of
programs Of public works to be carried
out by the different governments by
such methods as are within their means,
the effects of the depression on silver
and the different methods proposed
to improve its status.
1.-THE questions which are before the
world today are. for the most part, in
our opinion, intimately bound up with
one another.
They constitute the separate ele-
ments of single problem. the sound
and permanent solution of which should
be sought in an international collabora-
ton supplementing the indispensable
domestic effort of each country.
''The worldwide suffering of millions
Of unemployed demands, without delay,
that this collaboration, which has been
so happily begun here, should be con-
tinued. In conclusion. our free and
cordial exchange of views has led us
together to record the will Of our two
countries to continue this collaboration
and to seek to extend it to all other
of the world the opportunity to labor
under conditions of real peace"
First Joint Statement.
The earleir joint statement of the
President and NJ. Herriot relating to
the war debts follows:
The President has discussed with M.
Herriot the problem of intergovern-
mental debts The President has set
forth the entire situation from the
American point Of view and NJ Herriot
has explained how the problem ap-
pears to the French government and
Parliament This long exchange Of
views, which was of the most frank
and friendly character. was for the pur-
pose of reaching clear understanding
Of the realities OF the. situation and
will undoubtedly help in determining
1T is the hope of the President and
Of NJ Herriot that these conversations.
which have proved to be of value may
be continued in Paris and il Washing
ton after NJ. Herriot has had an op-
portunity to report to the French gov
ernment"
Notwithstanding the rumors of pos
sible postponement Of the June debt
payments owed this country, pending
conclusion of the London Economic
Conference. it was reiterated today that
ments to be made in June and that no
deal regarding such a postponement
has been entered into.
Increase Silver Clause.
The administration has given its ap-
proval to an amendment to the infla-
ton rider on the farm bill increasing
from sl00, 100000 to s2O0,0o0,000 the
amount which the President may ac-
cept in silver from foreign nations on
the war debt payments. In some quar-
tiers the hope has been expressed that
this arrangement will make certain
the June war debt payments to this
country Under the terms Of the amend
ment, the President may receive silver
sad value it up to so cents an ounce.
This might mean an actual reduction
to the foreign debtors of 80 per cent
or more.
France and a number Of the other
countries did not pay the debt install
ment due last December. The French
installment due at that time was sl9,-
100000. The hope Is expressed that
France and the other nations, by the
use Of silver, will be able not only to
make the June payments but also those
due in December.
Speculation regarding the makeup OF
the American delegation to the world
conference on monetary and economic
problems. which is to start June II in
London. today placed Secretary of State
Hull at the head of the delegation.
Others mentioned for places in the
delegation were Senator Key Pittman OF
Nevada, chairman of the Senate Foreign
Relations Committee, and Assistant Sec
retarv of State Raymond Moley. Among
others who are being considered Tor
places on the delegation are Repre-
sentative Daughton of North Carolina,
chairman OF the House Ways and Means
Committee, and Representative NC
REYNOLDS of Tennessee, chairman OF the
House Foreign Affairs Committee.
Others Here Next Week.
M. Herriot and his advisers held their
last conference with President Roosevelt
at the White House this morning. II
ended at lis o'clock. The President
and Mrs. Roosevelt said good-by to the
distinguished French visitor on Ine
front portico CT the White House. Be-
fore M Herriot entered his automobile
the President handed him an auto
praphed picture of himself. Both the
President and the former prime minister
of France appeared to be in the best OF
spirits.
M. Herriot later took train fer New
York. He sails for France tomorrow.
The White House conferences on
world affairs and the approaching
economic conference will be continued
next week with representatives Ct Italy,
Germany, Mexico and Argentina: GUIDO
Jung, minister Of finance OF Italy, Is
expected to arrive in New York on
Tuesday. He will dine at the White
House Tuesday night and he and Am
bassador Rosso of Italy will meet with
the President and the Secretary OF
state, Mr.. Hull, during the following
day.
Suwanee River on Rampage.
VALDCSTA, Ga. April % N).-The
ic