The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-14
HULL IGNORES DEBT
issue IN ADDRESS
AT LONDON FARLEY
Head of American Group Calls
For Stand Against Econ
omic NationaIism
STRESSES THREE POINTS,
Plays Cards Close to Chest and
Gives No Hint Of Definite
Proposals
STRESSES THREE POINTS

London, June l4.-(P,-Ignoring
critics who have bitterly assailed the
American currency and war debt poll
cies. Secretary Of State Cordell Hull
, called upon the world economic con-
ference Wednesday to stand against
economic nationalism by ALIENATION
participation in the American propos-
ed tariff truce.
Presenting the eagerly-awaited Am
erican views Of the conference Hull
T, did not so much as mention the war
| debts. which have constituted the
main target of attack against Amer
lea. 1t had been thought In some
conference quarters he could not ig-
more them because they had been
given such great emphasis by the
spokesman for other nations.
Three points were stressed by the
chief of the American delegation.
He called for removal of "all ex-
cesses In the structure of trade bar
riers."
He urged the conference to face
the "vexed problem Of a permanent
international monetary standard and
lay down the proper function of the
metals, gold and silver, In the opera
lions OF such standard in the future"
He emphasized the necessity of
taking measures for the removal ,of
restrictions upon foreign exchange
dealings saying that this might "in-
volve balance sheet reorganization of
certain countries"
Address Well Received
His address was received with
many marks of approval among for
elgn delegates. Members of the Brit
ish delegation indicated that they
were pleased.
The thing which, perhaps. drew the
most general comment, was the fact
that the reserved American secretary
OF state played his cards close to his
chest all the time and gave no con-
crete indication of the American pro-
posals which will be forthcoming to
carry out the general program.
Hull was the last of the big five"
to address the conference. France.
Italy. Britain and Japan having pre-
coded him because of delay in the
preparation of his address, which was
TO have been delivered before any of
them. He faced an assemblaee of
delegates of whom some had bitterly
aSsailed the American war debt and
monetary policies.
The entire American delepation
was present to hear its chief speak.
Hull was given tribute of appliance
by the crowded house as he took the
rostrum after an introduction bv
Prime Minister Ramsay Macdonald.
The world cannot longer go on as
IT IS going on at present." he de-
clared. THE first and greatest task
at the present juncture is the develop
ment mere, In this hall, of will and
determination on the part of the ma
lions vigorously to advocate this
course. Thereafter plans and meth |
DDS will readily take form"
Hull called first of all for a renewal
81 the tariff truce promulgated sew
eral weeks ago under the leadership of |
President Roosevelt.
Must Break Barriers
Removal of trade barriers, elimina- !
ION OF excessive tariffs, sterilization |
u exchanges and abandonment Of ma
;ionalistic economic policies, he said.
must follow. +
The world can not longer 20 on as ,
t Is going at present." Hull said. "A
successful meeting of this conference |
n my Judgment is the key to wide
pread business recovery.
while 1t Is true tina. at the present
lime there does not exist sufficiently
informed public opinion in support of
necessary program Of international
economic cooperation, it is my firm
that the losses and suffer-
ngs OF people in every country have
'een 50 great that they can soon be
'roused into aggressive support of
UGH a program"
Listeners waited In vain for any ref
renee to the explosive war-debt ques-
ion. Despite the fact of it's non-in-
fusion upon the conference agenda,
had been raised by leading states
nen with a demand for prompt reduce
ion as a contribution to the success
1 the parley.
Hull's speech was scheduled for de.
VERY Tuesday It was postponed and
n the interim 1t was extensively re-
ised.
A belief spread here that that fact
ad q connection with the reply Presi
ent Roosevelt is preparing to Great
|ritains' offer of a partial war debt
ayment.
Need Cooperative Spirit
my firm prayer is for spirit OF CO.
peration necessary to create a uni
led leadership and program in this IS
difference that will carry hope to the t
millions in distress t
the world" Hull said.
"A preliminary step indicative OF {
ncere purpose would be the immediate q
eneral adherence by all the partici-
ating governments to the tariff truce
lready agreed to by at least a dozen
ountries to continue to the end o:
,is conference" c
Ths truce was initiated by President !
Continued on Page 6evens Is