Evening star., 1933-04-23
BY WILLIAM HARD.


in Washington and from the interna-
tional reports of the utterances OF
statesmen abroad it may be imagina-
lively surmised that the first conversa-
ton next week between President
Franklin Delano Roosevelt and Prime
Minister James Ramsay Macdonald
and ex-Prime Minister Edouard Herriot
will proceed more or less as follows:
Mr.. RoOSevelt-We are here, gentle
men, as I said in my cable to my dear
friend Macdonald, to do something for
God But that is Scotch way OF look-
ing at it perhaps; and so for your bene-
fit, my dear Herriot. I'll also say that
we're here to do something for the
worlds liberty, equality and fraternity.
Mr.. Herriot-My dear Mr.. President,
your gallant quotation from the i'm
mortal memories of the glorious revo-
luton of the Rights Of Man will touch
the heart of France. Today the great
surviving democracies Of the world
France. Britain. the United States-hnd
themselves encircled by the growth OF
other forms Of government. l am glad
indeed that we are assembled here to
take counsel together for the perpetua-
lion of democratic institutions through
out the earth and particularly in Eu-
rope Now the political situation OF
Europe
Mr.. Roosevelt-JuSt a moment. Just
q moment. I don't see any reference
to the political situation of Europe ir
the annotated draft agenda Of the In
ternational Monetary and Economic
Conference which we are met to dis
cuss. Our purpose here, my dear Her
riot, is strictly economic.
Mr.. MacDonald-But, my dear ROose-
welt, what could be more economic-or
economicalHthan a reduction of debts?
/ suggest that we begin our economic
deliberations with an exchange Of
views regarding debts, inter-govern-
mental debts. On that point
Mr.. Roosevelt-Debts. I should say,
my dear Macdonald. are not so much
economic or even monetary as fiscal.
Yes. Fiscal. They have to do with
the revenues and disbursements of gov
ernmental treasures. They are not in
cluded. beg of you to note. in the In
ternational Economic and Monetary
Conference program.
Mr.. MacDonald-I move then that
We refer the subject to committee Of
experts AS my representative on that
committee I name Sir Frederick Leith-
Ross.
Mr.. Herriot-I name, as the repre-
sentative Of the highest and noblest
traditions of French finance, Mr..
Charles Rist.
Mr.. Roosevelt suppose I'll name
Ray Moley. But, remember, we aren't
discussing debts.
Mr.. Macdonald we'll Now let's
get on to the main point.
Mr.. Herriot-Certainly The organ
ization of international and military Sc
curity.
of disarmament.
Mr. Roosevelt-Ro. No. The revival
of international economic intercourse
Mr. Herriot-How can we trade with
one another when we are in fear of
one another?
Mr.. MacDonald-How can we cease
to be in fear of one another when we
are all of us armed to the teeth against
one another?
Mr.. Roosevelt-How can We arrive at
the good will which will produce dis
armament and security unless We trade
with one another?
Mr.. Macdonald suggest that those
questions be referred to a committee of
experts with orders to arrange them in
vicious circle and then break it.
Mr.. Herriot-I name Charles Rist
Mr.. Macdonald name Sir Fred
erick Leith-Ross.
Mr.. Roosevelt-Ray Moley.
Mr. Herriot-Now. The future of
democracy on the earth and the con-
certed protection Of it against
s X X
Mr.. Macdonald dear Herriot, ]
regret to see you so fixed upon one
principle. Myself, Socialist, repre-
sent King. I wish I could bring you
my dear Herriot, to see the beauties OF
the British Constitution, beauties
monarchial. aristocratic, democratic,
authoritarian, libertarian, Socialistic
and capitalistic. How can you ask .
representative of Britain to enter into
an agreement for the concerted pro-
tection of one principle?
Mr.. Herriot-There must be q princi.
pie Or why France?
Mr.. Roosevelt-The principle is te
reduce tariff duties.
Mr.. acDonald-Within the frame
work, of course, Of the agreements at
Ottawa.
Mr.. Herriot-And within the frame
work of restored and stabilized
British pound and q restored and
stabilized American dollar.
Mr.. Roosevelt-If we reduce tariff,
and begin to exchange goods with one
another. we can get back to stabilized
international monetary standard.
Mr.. Herriot-Until I know the stabil-
lied value of the pound and of the dol
lar in terms of francs in French customs
houses. shall not agree to the stabiliz-
ing of French tariff duties against
British and American imports.
Mr.. MacDonald-Until I know that
cur goods are going to get through your
customs houses, I shall not agree to
the stabiliIing of the pound.
Mr.. Roosevelt name Ray Moley.
Mr.. cDonald-Leith-R Ross.
Mr.. Herriot-Charles Rist.
Mr.. Roosevelt-We are making prog
ress. What remains now is to advance
the prtce-leyel Al over the world -