Evening star., 1935-12-03
PEEK RESIGNATION
PRESAGES ATTACK
Final Report Expected to
Criticize New Deals
Trade Policies.
By the Associated Press.

by JIo hooOCintcu rLeoss
The question OF jus. what will be In
the valedictory report of George N.
Peek. resigned New Deal adviser on
foreign trade, intrigued the Capital
today.
Peek. whose resignation as adviser
to President Roosevelt and president
Of the two Federal export-import
banks was announced late yesterday,
would not say. Nor would he give
reasons for resigning. leaving that to
the President.
But every one knew he had dis
agreed sharply with methods whereby
Secretary of State Hull seeks to revive
world trade through reciprocal inter-
national pacts. Moreover. intimates
Of Peek said his swan song" report,
on possible effects of the new Cana
dian-American trade agreement, would
be very critical"
Report to Go to President.
Peek had been asked to submit this
to the President. The treaty was
signed after long negotiations by Sec
retary Hull.
A reminder Of the triumph of the
Hull ideas over Peek's within the ad-
ministration came yesterday when
President Roosevelt proclaimed not
only the Canadian-American pact, but
the one with Brazil. This was q for
mality, making the pacts effective
January /.
Peek, 62-year-old Illinois plow man.
ufacturer. Is the latest of half a dozen
little cabinet" men to leave the ad-
ministration, some of them to become
critical Of its policies.
Jesse Jones, head of the Reconstruc-
ton Finance Corp, will be asked to
add Peek's two bank jobs to his other
duties. The adviser post will not be
filed.
First Head Of A. A. A.
Peek entered the administration as
its first A A. A. chieftain, but he
and Secretary Wallace could not
agree. Then he went to the State
Department as adviser to Hull, but
again conflict of opinion developed.
Later he was named to the posts he
has now resigned.
Publicly and otherwise, Peek had
been shooting at the Hull policy of
negotiating a treaty with a given ma
ton to lower trade barriers, and then
extending the treatyS concessions to
practically all other nations.
Peek insisted the better way was to
drive bargains with each nation sep
arately.
Peek said he had tried to resign
last July, but the President asked
him to withhold action for the time
being" Asked about reports he had
an attractive offer Of employment, he
laughed and said:
II wish you would 60 out and ind
me one"
Announced BY Moore.
The formal announcement of Peek,s
resignation was made by r. Walton
Moore, Assistant Secretary of State
and chairman of the board Of the Ex-
port Import Banks. Both were organ
lied early in 1884 to aid in the financ-
ing of imports and exports through
loans and barter.
Peek was in New York when Moore
emerged from meeting Of the banks
board late yesterday and made public
q letter the former had addressed TO
him November rs resigning as Of that
date.
The letter further stated that "cir-
cumstances have arisen now which
today (November 26) resulted In my
writing the President advising him OF
my resignation as special adviser and
as president and trustee Of the Export
Import Banks, effective today"
Beyond stating the letter had been
placed before the board, Moore would
not comment.