The Washington times., 1933-07-14
HOME POLITICS
TO FIX FATE !
Of CONFAB II
Delegates Now Seem Agreed
Only Minor Questions
Can Be Discussed T.

0@4N~N<4NS OAAJ N@'4NseSsSs .
The world economic conference
will adjourn-or to put it more
optimistically-recess about July
~. The steering committee Of the
conference today asked subcom-
mittees to submit their final re.
ports by July 26.
The following day plenary
session Of the conference will be
held. committees of experts prob
ably will be appointed, and the
chief delegates will leave, possibly
never to return.
Future Plans in Doubt
Whether an attempt will be
made to revive the conference
during the autumn months de-
pends upon political develop.
ments within the respective coun-
tries.
It was evident at today'S meet
Ing Of the steering committee
that practically all the delegates
were agreed that the conference
has reached a hopeless stage
where only minor questions can
be discussed with any thought
OF agreement.
Senator James CouZenS Of Mich.
Agan threw another scare into the
conference today when he sudden
~ proposed the subcommittee deal
ing with international indebted
ness adjouried sine die.
The Senator's motion came
perilously near breaking down dis
cussion of one of the last live
quo 'tions the parley has decided
1t can debate without too great
danger.
Motion Follows Dispute
The adjournment motion fol-
lowed a lively discussion between
Delegate Madgearu of Rumania
and Sir Frederick Leith- Ross,
British treasury expert, over the
wording of draft resolution.
The Senator's motion was pro-
voked by a statement from the
Rumanian, who jumped to his
feet and declared:
eve might as well adjourn
discussion of Indebtedness il we
can't reach an agreement on
the resolution which has led to
this discussion between Sir
Frederick and myself ON phrase
Ology.
eve might as well adjourn
anyway, since it seems there il
nothing left to the conference
except silver, regarding which
we hear even day that an
agreement has been reached,
when in reality there is no
agreement.
This outburst, which the dele
gates attached to the Subcom-
m1ittee heard alphabetically. was
immediately followed by Couzens'
proposals. which had q startling
affect.
Called Off BY Gov. Cox
The Senator said he submitted
the motion mot only for the rea-
sons M. Madgearu gives, but be-
cause of a reference in the draft
resolution regarding removal of
trade obstacles. which reference
the United States cannot dis
cllss."
AS soon as Couzens finished and
before action on the motion was
possible, James M. Cox, former
governor At Ohio, called Couzens
from the room. When they re-
turned, Couzens let the matter
drop.
It was reported Cox told Couz-
ems the American delegation was
getting into an uncomfortable
position owing to Senator Pitt
mans intervention Wednesday
against discussion of central
banks and Couzens' motion to-
day.
Three Resolutions Adopted
The monetary subcommittee on
permanent measures adopted
what Leon Fraser, American
president of the Bank for Inter-
national Settlements, called three
modest resolutions" for presenta-
tion to the final plenary session
Of the world conference.
The first favored establishment
Of central banking systems in
those countries now without
them. the second reaffirmed
previous declarations for close CO.
operation between central banks,
and the third advised agricul-
4ural countries like Rumania to
Seek financial advice from COM
Detent international bodies.
Neither Senator Key Pittman
nor any other American delegate
participated in discussion of the
central bank resolution, the vote
being taken by general assent.
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