The Bismarck tribune., 1933-04-28
ROOSEVELT
AGREE ON PROGRAM
TO HELP BUSINESS
Announcement Made As Con-
ference Closes and French
Start HomeWard
MONEY PROBLEM STUDIED
Ground Covered in Discussion
10 Outlined in White House
Declaration

Warrington. April 2s.-tR-An un-
derstanding between France and the
United States on the problems Of
world economic recovery was an
nounced Friday by president Roose-
welt and M. Herriot, the French en-
voy.
Their final joint statement referred
almost completely to the economic
phase Of their discussions.
I'VE have noted with deep salts
faction said the two statesmen,
that our two governments are look
ing with like purpose at the main
problems Of the world and the OBJ
jectives of the world economic con-
ference" .....
M. Herriot departed for New York
In the early afternoon, enroute to
France:
The statement said In part:
I'VE have examined In particular
the manner in which commercial
policies should develop for the pur-
pose Of promoting rather than re-
stricting international trade.
I'VE have studied monetary prob
lens and the different methods pos
sible for a coordination of central
bank policies; the remedies which
may be brought forward to attack
the menacing problem Of unemploy-
ment and the stagnation of business
by the execution Of programs Of pub
lie works to be carried out by the diff
ferent governments by such meth
DDS as are within their means; the
effects of the depression on silver
and the different methods proposed
to improve its status.
Questions Interrelated
''The questions which are before
the world today are for the most
part. in our opinion. intimately
bound up with one another.
They constitute the separate ele-
ments of a single problem, the sound
and permanent solution of which
should be sought in an international
collaboration supplementing the In
dispensable domestic efforts Of each
country"
AS the final meeting began a joint
statement said:
Debts Are Discussed
"The president has discussed with
M. Herriot the problem Of intergov-
ernmental debts.
1.-THE president has set forth the
entire situation from the American
point Of view and M. Herriot has ex-
planned how the problem appears to
the French government and parlia-
ment.
This long exchange of views. which
was of the most frank and friendly
character. was for the purpose of
reaching clearer understanding Of
the realities Of the situation and will
undoubtedly help in determining the
steps to be taken hereafter.
1T Is the hope Of the president and
M. Herriot that these conversations,
which have proved to be of value. may
be continued in Paris and in WASH
ington after M. Herrtot has had an
opportunity to report to the French
government.
The presidents conversations with
Prime Minister Richard B. Bennett
Of Canada were drawing to q close
also. There was every reason to be-
lieve that as q result Of these dis
cussions Canada and the United
States had come to conclusions that
will put these neighboring nations
side by side in the economic confer
ence. Reciprocal tariff arrangements
are the basis Of the American-Ca Cana
dian understanding but how far they
viii 60 remains to be seen.
Leaving the white house Thursday.
N. Herriot said:
I'VE are making enormous prog
ress. Within the framework Of Presi-
dent Roosevelt's cordiality think we
are accomplishing great things In
preparation for the world confer
ence."