The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-04-26
SEVEN-PO|NT PLAN
TO help BUSINESS
GIVEN TO nations
Lifting of Prices and RE. 0rien.
tation' of Policies Held
Necessary
TARIFFS TO Be REDUCED
Better Credit, Monstization Of
Silver and Other Items
Are listed

NV eVOSV~
washington. April 26.-R The
United States and Great Britain lined
up wednesday for q seven point world
economic recovery program, en-
bracing tariff reductions and higher
silver prices.
President Roosevelt and prime min
lister Macdonald ended their CONVEX
sations with q declaration Of UNDER
standing on agreements to be sought
at the June world economic confer
ence.
AS they said goodbye, the American
and French economic experts attack
ed the problems.
Roosevelt and Macdonald declared
for the following, In q statement dis
tributed at the white house:
An increase In the general level Of
commodity prices.
REORGANIZATION Of commercial poll
cies.
Reduction Of tariffs, quotas and ex-
change restrictions.
World expansion of credit.
Capital expenditures by govern
ments to stimulate business.
Reestablishment of an international
monetary standard.
Improvement of the status Of silver.
Their conversations showed that
our two governments were looking
with q like purpose and q close simil-
arity of method" at these detectives.
Granting that between the cup and
the lip are many Slips" Macdonald
told newspapermen ~ he lett, .the
white house for London that his
conversations had been fruitful in q
way I hardly believed possible when
I came"
Americans Enthusiastic
The same enthusiasm over the re-
suits of the Anglo-American negotia-
lions was expressed by those close to
president Roosevelt.
Meanwhile he prepared to SIT down
again Wednesday afternoon with
former premier Herriot of France to
60 into the same questions reviewed
by Macdonald, and possibly others.
; War debt relief for Great Britain,
which was taken up Tuesday night by
the president and prime minister. was
not mentioned in their final state
ment. It remains for future settle
ment together with the economic pro-
gram outlined by the two statesmen.
The debt payments become due on
June Is almost simultaneously with
the meeting Of the London world eco
nomic conference on which Roose-
welt pins his hope for accomplishment
Of steps outlined Wednesday.
Macdonald emphasized upon leav-
ing that he and Roosevelt were just
as free now as before they entered
their conversations.
There are no alliances or entangle-
ments," he said.
"You are not In the maelstrom Of
Europe. But you can imagine what
would happen II America and Great
Britain can't march side by side?
Il am not only convinced Of hope
to come to an agreement, I am going
away with the determination we have
got to come to an agreement because
it is our moral duty"
Does No Side-Stepping
Far from side-stepping the debt and
disarmament questions. Roosevelt ap-
parently Is out to settle them definite
" and as quickly Is possible In order
to create . propitious atmosphere for
the economic conference.
It has been agreed between Roose-
velt, Macdonald and Edouard Herriot
Of France that the world economic
meeting shall be opened in London
June IL.
His interview was given in the
presidents executive offices, prelim-
mary to the resumption ct the white
house OF the discussions between
president Roosevelt and former pre-
mier Herriot Of France.
The surprise move In setting ahead
the meeting time was seen g IN In
dication both Of general agreement @
to the importance Of holding the con-
ference soon and Of general satisfac-
ton ct the preparatory progress being
made. The white house conversation
Ill are aimed 1T making the London
conclave Q success. W.
with the realistic action" which
he has told Macdonald he believes
the world situation calls for, the presi-
dent took up disarament With the
British prime minister and N. Her
riot after m intimate and informal
dinner ct the white house.
The move was aimed ct preparing
the way for definite accomplishment
IN the disarmament conference q
Geneva which re-convened Tuesday
altar IN Easter recess. All efforts ct
agreement on important action there
have been blocked by failure to meet
French demands for guarantees Of
security against attack.
Harriet Impressed
TO just this vital matter OF French
security" the president addressed
himself, and what be said made .
deep impression upon n. Herriot Full
details we're promptly cabled to- Paris.
The president WAS described @ In
dicating that 10 = searching sincers-
" for the means Of aseociAting the
CONTINUED O. Faes 0evenl
X