The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-19
ARE URGING
MARKET CONTROL AT
WORLD CONFERENCE
Asserts Tariffs, Quotas, Prohi-
billions Are Only Symp-
toms of Disease

London, June 19.-(P)-F1at oppo-
sition to President Roosevelt's price.
raising program was laid by the
French before the world economic
conference Monday.
They urged the world to adopt gov.
ernmental agreements regulating the
production and expectation of basic
raw material.
This policy was set forth in a
memorandum presented by Robee
Coulondre, assistant director of 30.
litical and commercial affairs of the
foreign office. Albert Sarraut, min
lister of colonies, carried the attack
against initiation further by declar
ing before the economic commission
OF the conference that something
tangible along the lines the French
had suggested must be accomplished
or France would be forced to retire
behind tariff walls erected about her
great empire.
Production and expectation agree
ments, the Coulondre memorandum
said, should begin with such kew
products as wheat. wood, wine. cop
per, silver, coal, cotton and wool,
M. Sarraut said France considered
trade restrictions. such as quotas and
tariffs, to be the superficial evil
dence of disease" and once produc-
ton and consumption had been
equalized by governmental contracts
prices would rise and debtors would
be relieved of their burdens.
Ruling Favors Americans
The colonial minister tried to
jockey discussion of the French prof.
ect ahead of consideration of reduc-
ton in tariffs, quotas and other re-
strictions. The Americans sought to
have the tariff discussion first and
Hendryk Collin, head of the commits
sion, ruled in their favor.
Holding that anarchy OF produc-
ton is the real source of the distress
es of the world" in advocating this
change in the agenda program, Sar-
raut went contrary to American wish
es to deal first with tariffs and allied
subjects.
49 Agree to Truce
Another outstanding DEVELOPMENT
Monday was the announcement of DR.
Collin that 40 nations, representing
IS per cent of the worlds trade, al
ready have subscribed to Presiden!
Roosevelt,s truce on tariff changes.
U. S. Delegation Pleased
The American delegation was de-
lighted with this response to the pres
ident's plan and considered it already
crowned with success.
A further interesting development
was that 1t became known that George
l.. Harrison, governor of the federal
reserve bank of New York, who is en-
route to the United States. expects to
have an immediate conference with
President Roosevelt.
Much had been made OF a statement
from Washington during the stabil-
ization negotiations that Harrison had
no official connection with the Ameri-
can delegation and there was consid-
cradle speculation among delegates to
the world parley as to the reason for
his sudden return to America. It was
understood that he will give Roose-
welt full report of all the monetary
discussions here.
The monetary commission, under
the Craftsmanship of James NJ Cox,
former governor of Ohio, got into
action.
Its first business was to agree that
the commission be divided into two
committees, one Of which would con-
slider temporary monetary measures
and the other permanent measures.