Evening star., 1933-06-13
DEBTORS TO BRING
| PRESSURE ON u. S.
kH Remains Away From
Farley as War Obligations
Are Stressed.
hContinued From First Page.)

Committee, but determined European
opposition interyened.
A battle which may do much to de-
terrnine the extent of American par
ticipation in the conference proceeded
behind the closed doors of the Steering
Committees room.
The French insisted that the chair
manship of the Monetary COMMITTEE
should 90 to a gold standard country
presumably to their own finance minis
ter, Georges Bonnet-and Mr.. Hull was
lust as insistent that the original in
tention of naming James M. COX
American delegate, be carried out.
The French asked Mr.. Hull to take
the leadership of the Economic Com
mittee. but he refused, saying he would
not be in London long enough. They
then suggested that he might leave
the leadership to Mr. Cox when he de-
parted but the Secretary of State de-
INJURED.
The Steering Committee adjourned
without selecting the committee heads.
The battle will be carried over until
tomorrow.
Foreign Minister Paul Hymans of
Belgium, was named vice president OF
the assembly to act in the absence OF
Prime Minister Macdonald
It was denied that the debt crisis had
anything to do with the delay in Sec
retary Hull's speech. although it was
understood that the Americans did dis
cuSs the debt imbroglio.
Finance Minister Jung OF Italy and
Gen Smuts in substance reiterated
MacDonald's controversy producing re-
marks of yesterday,
jung, like the British prime minister
oHiota uoff1crnent 0f the
debt question.
Gen. Smuts, in his straight -from-the
shoulder manner, declared that the debt
issue was settled at the Lausanne con-
ference and that that should be the
end OF 1t. ..
; Bsames United States.
: South Africas veteran fighting
statesman went even further in his at
tack than any up to that time. He de-
clared that from the Lausanne settle
ment financial problems were arising.
The United States, Gen. Smuts
maintained, "failed to fall in line" after
the Lausanne Preparations Conference.
Thus although it had been previously
agreed that war debts had no place on
the conference agenda, three Of the first
four speakers. including Chairman Mac
Donald himself, brought up the for
hidden subject.
Gen. Smuts asserted: "The Lausanne
conference a year ago placed the grav-
est responsibility where it belonged
on the shoulders of the United States.
The United States delayed to fall into
line
Viscount Ishii, representing Japan,
pledged his governments whole-hearteo
cooperation during the conference.
Japan, through the veteran statesman,
declared for restoration OF the goio
standard, with the reservation such as
Great Britain and other nations make
that favorable conditions for its oper-
alton must first be created.
Ishii Discusses Silver.
viscount Ishii touched on the silver
problem, declaring that, in view OF her
trade connections with silver using
countries. Japan will give due consid-
Grafton to proposals for appropriate
solution of the silver problems"
Macdonald adjourned the session at
i2:40 pm. until 3 o'clock stating that
the first business of the afternoon would
be to receive a resolution Of the Inter-
national Labor Conference at Geneva.
(This resolution concerned labor and
economic problems)
After the resolution had been intro
duced it was announced that 1t would
be referred to the proper committee as
soon as the committee had been named.
The first speaker of the afternoon
session was Baron KonStantin Won
Neurath, the German foreign minister.
Baron Won Neurath declared that
ultimately international debts can only
be paid in goods and services. In Ger
many's present economic situation this
principle must be our starting point"
He emphasized that a satisfactory
agreement on fundamental principles of
credit and financial problems must pre-
cede solution of economic problems, and
in particular problems connected with
commercial policy,
Political Problems.
The German representative also as
serted that unless the great pending
political questions are solved, the de-
IberationS of this conference can
achieve no satisfactory results"
He did not specify the political prob
lens, but at another point in his ad-
dress, he said:
When discussions of individual r.
nancial and economic problems begin
in few days, we must not forget that
over and above these problems of detail
there are the great political tasks, and
that upon their solution the success of
this conference is very largely depend
ent. The German delegation will ap-
proach the solution of these financial
and economic problems in the same
spirit as that which has inspired Ger
many's political action.
I'VE believe that gathering like this
OF the governments of all the nations
of the world in which each country can
frankly explain its own difficulties, has
the great advantage of promoting bet
ter understanding of these difficulties
by other countries.
This will enable us to create the
necessary conditions for rebuilding re-
lations with all other countries of the
world on the solid foundation of re-
constructed national economic systems.
I'VE for our part must at any rate
adopt the viewpoint that only clear
understanding of the situation of a ma
ton which is struggling hard to put its
own house in order can create the right
spirit for selection of those remedies
which have to be applied to master our
situation"
Says Talk Won't Help.
Adam Roc of Poland, followed Baron
Won Neurath. He asserted that the
stabilzation of currencies was OF
fundamental Importance and should
start with the Stabilization of the lead
ing currencies with a view to the re-
turn to the gold standard. This view
has already been expressed by the
French spokesman.
Mr.. Roc also urged "rearrangement
of the debts" and establishment OF
world trade
Orestes Ferrara, leader of the Cuban
delegation, recommended the reduction
of customs barriers, explaining how his
own country has been hit by operation
of the tariff systems. Not only Cuba
but the whole world, has been damaged
by obstacles to commerce, he said
Restoration Of the free circulation
OF gold is an important matter, tn,
Cuban said, but he regarded it as use
less without the re-establishment o
world trade through elimination o