Evening star., 1933-04-22

Of the gold standard. the question O:
tariffs has become Of q minor impor-
tance. as far as Europe is concerned.
Moreover, the French believe the
political question Is the burning ques-
tion Of the hour. while the British
maintain that debts are at least equally
important.
Naturally both guests Of the Presi-
dent are prepared to talk on any topic
their host wishes, but their role. il
was stated. will be confined mainly to
that OF good listeners when the question
Of tariffs comes up.
On the question Of an eventual re-
turn to the gold standard of all nations
there IS likelihood of some sort Of an
understanding. especially If the conver-
sation turns to the organization Of an
international bank to control or regu-
late the gold covering Of the paper
money throughout the world.
Both Macdonald and Herriot are
keenly interested to find out what will
happen to the war debts. They both
June is will not have to be paid and
that President Roosevelt will induce the
Senate to grant the creditor nations q
Economic Conference, at least.
Points Of View Differ.
But since for their own reasons. the
European statemen consider it would
be better to discuss the economic prob
lens at the coming international con-
ference without reaching even tenta-
tive agreement of principle. in Wash.
ington. they hope to facilitate that
conference by discussing the world po.
litical situation in Washington. Ir
France as well as in Great Britain it 1.
felt that If some understanding in prin.
ciple on this matter were possible. II
would help materially the atmosphere
at the economic conference.
On this point there Is q strong di.
vergence between the American point
Of view as expressed repeatedly by Sec.
retary Cordell Hull and the point o.
view Of the European diplomats.
The American Government believe!
firmly the present strained situation II
the world is due principally to the
clogging Of all the trade channels. Mr.
Hull has admitted frankly that Amer.
lea has led the world in high tariff!
and is willing to atone for this mistake
by inaugurating a liberal policy o.
tariff reduction. But he also believes
and since he is the Secretary of Stats
Of President Roosevelt, there is M
reason to think he is not expressing
the views Of the President as well a:
his own. that all the other matters art
subordinate to the economic problem.
French Stress Political Problem.
The French, and the British to 9
Yninnr daoroo ora convinced fha chovt
est road to recovery Is the solution o1
the political problem in Europe ane
will ask President Roosevelt to give
serious attention to this point of view
Their hope that the President might
consider saying something in connec-
ton with this matter Is based on the
fact that In the electoral platforms oi
the Democratic and Republican parties
the question Of the implimentation oi
the Kellogg BRAND pact was included
Europe, say the French leaders.
today In q bad shape because the ma
tionS defeated in the World War, sup.
ported by the nations dissatisfied with
the Versailles treaty, have adopted the
aggressive attitude mainly because they
realize America will never get entangleC
In Europe again.
II President Roosevelt, in o state.
ment In which he might combine thu
elements Of economic recovery with
those Of the security of the world or
the basis of the existing peace pacts
could indicate that America is inter.
ested in world peace and would MOI
like to see II disturbed, such state.
ment would have a dampening effect
on restless Europe. Disarmament woulC
then be made possible. and with dis.
armament and security restored, 1t vii
be only matter OF comparatively
short time before business picks up
again.
Naturally this Is purely a French
point of view and how far Ramsay Mac.
Donald has been authorized by hi.
government to support the representa-.
tive of the French government will bt
seen In the course of the next three
days.