Evening star., 1933-04-08
NATIONS LINING UP
FOR TRADE PARLEY
Roosevelt Invites Nine, and
Bids to Others Will
Go Out Soon.
(continued From First Page.)


ternational commerce should be at leas,
very much modified and that each ma
tion in enlightened self-interest should
face in the opposite tariff direction.
Specific tariff rates will be left fol
the countries themselves to deal with
Hull said, explaining that If schedules
were taken I'D now there would not be
time for the nations to sit down and
agree on broad tariff policy.
Once the agreement on policy mas
been reached, said Hull, each country
can in its own way adjust It's tarlu
rates.
He emphasized that the first object
Is the agreement upon a poilcy 70 oe
followed at the World Economic Con-
ference, a policy of lowered trade bar
riers and unrestricted exchange OF
money based on the common belief
that the present policy is narrowly ma
tionalistic and suicidal.
Hull said every nation has had vir-
tually embargo tariffs for eight years,
resulting in almost complete des.ruc-
tion of agriculture, manufacturing and
mining on an international basis and
that miners, manufacturers and farm
ers now could be expected to open their
eyes to the need for more modernized
economic scheme.
Trade Loss Estimated.
The whole purpose of the program,
he said, is to enable nations IL
mutually profitable way to exchange
their surpluses.
Americas share of the world trade
that has been lost in the last few years,
Hull said, totals about $4,000, ,00O,0 900,
q volume Of business which might have
meant the difference between depreS-
sion and comparative prosperity.
In response to question, Hull SAID
That between now and the conference
practical formulas would be worked out
that may be agreed upon as specific
WAYS of approaching the problem OF
adjusting the economic world to a new
day.
Most of Invitations Sent
In quick succession yesterday, the
bulk of the invitations were di9patcned
From foreign capitals came ge, ierai ex-
pressions of satisfaction and indlca-
tions of acceptance.
Those who have much to do with
international conferences know their
fate usually is determined in advance
and that success depends upon careful
preparations made In the preceding
months
That is why the President has chosen
to assemble the statesmen in Washlng-
ton for individual conversations Tar in
advance of the actual con3entng OF the
World Monetary and Economic Confer
ence this Summer In Lor,don.
Far-seeing statesmen OF this ana
other nations feel the world cannot
afford failure at London. But sue
xxv;1l ,of{oy,f r1raliY1inqrV
moves conducive to bringing the poll
,cies of cabinet and Parliament into
such conformity that the delegates,
when they meet at the British capital.
viii not find their hands tied.
Roosevelt to Ask Free Hand.
Almost year Of preparation among
German, French and British states
men, with the aid Of American AM
bassadors, preceded the 1925 Locarno
conference, which has been described
as the one postwar conclave to come
up to expectations.
Should all Of the nations invited to
washington send their outstanding
statesmen, the White House would be
the center during the coming weeks of
the concentrated activity of the great
est group of international figures ever
aSSSUlDi6Q IIcIc.
Many of the nations, however, espe-
cially the smaller ones, are expected
to do their negotiating through regular
diplomatic channels rather than send
tng special representatives.
Hitler Not Expected to Gene.
One of the principal points of spec
Glation in Capital circles today was
whether the Italian and German die
tators-Benito Mussolini and Adolf
Hitler-would come in person. Few
believed Hitler would accept, as his
government is cnly just consolidating
its position, and, too, it was pointed
out, DR.. Hans Luther, newly appointed
Ambassador to Washington, is one Of
the best posted men in his country on
economic matters.
1t was said authoritatively that war
debts are not on the economic pro-
gram which the United States will pre-
sent in the Washington conversations,
although the matter, of revision of
those controversial obligations may be
taken up incidentally with Macdonald,
as the President has agreed to hear the
British case.