Evening star., 1933-06-21
Bonnet Yields
! in Effort to
End Session.
STERILIZATION
STILL HELD AIM
Scores u. S. Policy
to Allow Money
to Fluctuate.
Nv the Associated Press.

BY the Associated Press.
LONDON, June 21.-Prime Min
lister Ramsay Macdonald and 9TH
er leaders of the World Economic
Conference were understood this
, afternoon to be considering the
radical step of suspending discus
sion of all monetary matters and
dealing only with economic prob
lens in order to prevent the pos
sible wrecking Of the conference
over the currency stabilization
imbroglio.
Gold standard countries were
still talking about forcing ad-
journment of the conference
pending stabilization of the Amer
ican dollar and other major cur
rencies.
Conference leaders late in the
day were canvassing the posi-
bility of a satisfactory compro-
mise being effected by a tenn
porary abandonment of monetary
affairs.
Central European Bloc.
There was another startling develop
ment today. The conference awoke to
the fact that the recently disclosed
scheme for the creation OF central
European economic bloc, which would
have far-reaching effect on interna-
tional affairs, had taken on amazing
vigor and was growing apace at the
portals of the conference.
This block, which would comprise the
Little Entente -Czechoslovakia, Yugo-
slavia and Rumania-and Austria and
Hungary, is dependent on rapproche-
ment between Italy and France. Con-
ference circles began to buzz with re-
port that Premier Mussolini was push
ing hard to force successful con-
clusion to the negotiations.
1t was learned that the foreign min
listers of the little entente-Edouard
Benes of Czechoslovakia, Nicholas IT'LL
lesou of Rumania and Bosko Jeftitch OF
Yugoslavia-met privately yesterday to
discuss Franco-Italian rapprochement.
After the meeting, Jeftitch rushed to
Paris for conference with Premier
r. 0dldO&CI
Joseph Paul-Boncour The Czechoslo-
vakian minister, it is understood, is go
ing TO Paris tomorrow for the same
purpose, and it is further reported that
q meeting between Premiers Mussolini
and Daladier is quite probable.
Bonnet Weakens.
What was taken by many delegates
to be an indication Of weakening in the
gold bloc drive for adjournment pending
Sterilization of the American dollar
came dramatically In an impassioned
speech by Finance Minister Georges
Bonnet of France just before this morn
ing's session was adjourned.
The forceful French minister took the
floor in the Subcommittee on Temporary
Monetary Affairs and while again de-
manding stabilization, pledged Frances
full aid toward the success Of the con-
ference"
M. Bonnet's speech, in which he paint
ed a picture of the dangers OF infia-
ton and currency depreciation with
broad brush, was one of his most elo-
ouent efforts in the conference. He
put his whole driving force into the
address and held the closest attention
of the other members of the committee.
Wants Concrete Action.
1--WE demand concrete decisions and
not simple signatures at the bottom OF
papers. which the wind will immedl-
ately carry away" he declared. TO
arrive at this end We bring you our
entire aid"
Later he emphasized this with: Il
repeat that the French delegation
brings here Frances full aid to the
success of the conference"
The French finance minister assert
ed that the conference would be total
failure unless it marked progress toward
political economic and financial secu-
rity. He asked:
How are you going to conceive
lasting upturn in business without, first,
political security; second, economic Sc
curity and reorganization Of production,
ard. third financial security, which as
sures the stability Of money as the COM
mon measure of exchange?
We believe these are fundamental
points, and if the World Economic Con-
ference does not mark progress in these
subjects the conferences failure will be
total"
At another point he said: Large
currency fluctuations not only imperil
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