Evening star., 1933-08-05
HULL BACK IN U.s.;
GOES TO HYDE PARK.
Tells Reporters He Has No
Intention of Resigning
"NoW or Hereafter"
Continued From First Page)

He was told that Henry Morgenthau,
ST., had said on his return from London
yesterday that "a town meeting" Of 63
nations could not hope to be success
full.
Il should pity the future of q civil
lized world II this is the limit Of our
capacity to 60 forward toward human
progress" the Secretary said. If you
want to consider the future either view
point Is accurate in q sense. Nothing
is Of more value than to have so or 10
nations represented by their Ambassa-
dors or heads Of governments reach
understanding
Discussing that part Of Morgenthau's
interview in which he had said that
Europe was on the brink Of war, Hull
asserted:
Il am not quite so pessimistic The
purpose of the conference is to meet
and constructively and resolutely deal
with both economic and military prob
lens. am trying to say there is
more optimistic view that can be taken.
though I say that with a great deal Of
respect for Mr.. Morgenthau, who Is q
more capable judge than I.
Interested in Latin Affairs.
There is no question that if We leave
of peaceful conferences and peaceful
understa nding there will be both eco
nomic and military chaos
He would not discuss possible reccg-
milton Of Russia because "it would take
me hours to go into the pros and cons
of the question"
On report that he was planning to
visit South American nations to arrange
trade treaties he commented: Il want
to get home and unpack my grip before
I N frjn hut {e fr1r~ %N.st
am deeply interested in all phases of
Latin American affairs"
Issues Statement.
The Secretary's formal statement fol-
lows
The chief problems of the monetary
and economic conference. presenting
as they do unprecedented difficulties,
remain undisposed Of. but the present
| recess to permit further preparation for
their solution can afford little elation
blind and chronic opponents of mutual
ly profitable trade between nations.
The world conference has exhibited
Sne common sense thus far by deter
mining first 10 diagnose carefully the
deep-seated economic ills of the nations
OF the world rather than to rush for
ward with hasty and haphazard reme-
dies. more apt to be superficial than
fundamental
The future work Of the conference
! is organized in detail. The conference
has created two permanent continuing
| agencies, first q bureau consisting of
| the 16 most important and most widely
! representative nations, and, secondly,
| an Executive Committee consisting Of
the officers of the conference and the
! president, vice president and secretaries
/ of the main committee.
Fullest Possible Powers.
| These bodies one or both. will meet
| in September with the fullest possible
powers to take any action necessary
within the scope Of the conference to
advance the work of the conference
whether by calling local, regional or
special meetings. by organizing studies
or by reconvening the full session.
| The studied purpose Of the GA dele
cations convened at London. as it will
be, to develop a program Of sound poll
cies and methods thus calculated to aid
every part of the world in restoring
business confidence, higher commodity
prices. employment Of idle labor and
| the fullet measure Of stable and perma-
nent business recovery.
! After nearly four years Of isolated
| and futile efforts by each nation to ex-
tricate itself from terrific depression con-
ditions. enlightened people everywhere
must agree that there Is at least room
for additional and outside help, and
that no such help could be more sane
| or practicable or valuable than the
unchoking of international finance and
commerce now reduced to a skelton."
| The various nations today ought to
! be producing and distributing among
themselves forty TO fifty billions Of dol
lars worth of commodities in excess Of
the present nominal value. and six to
ten billions Of this amount should be
the share OF the United States instead
! of its present one and quarter billion.
Talk Of Failure Hit
ITO preach failure and the futility of
the World Economic Conference at this
premature stage. would be to preach
the gospel of despair both as to eco
nomic and military disarmament. 1t IL
the verdict of histofy that many de-
structive wars, owing their origin to
bitter trade and economic strife, could
have been avoided under q policy OF
peaceful conference and mutual under
standing.
Had there been one week Of frank
conference in July. 1914, such as the
| WCChS III hOAldOA1s tAiC Noot-'-
uophe of the World War probably
could have been averted.
The 64 nations which met at Lon
don prepared the way for continuing
conference and cooperation, with the
united purpose of liberating the worlc
from the man-made economic shackles
that now disastrously oppress all human
kind.
mo one can reasonably conclude thai
this great undertaking has been or vii
be in vain"