Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1936-12-11
"B. A."-ON THE WAY TO EUROPE

President Roosevelt Buenos Aires last week what
Washington leaders privately believe the iSt move IN an az
There even persistent that the President will go
Europe the invitation of who in him and the pro-
gram sponsoring the Americas chance to AVOID war;
There is no doubt believes the most serious problems
in Europe could leaders of the opposing would
Conference method he expected to use all
at his disposal to keep the peace
IF the Americas agree only regarding threat
ened troubles this hemisphere but on state OF war ABROAD
a common front might be built
If then strict and more uniform neutrality
could by each of the Fl federal the rest OF
the world would be cut off from one OF the rcnest raw @
and credit not Immediately involved in the conflicts brew
ing in Europe and Asia.
has mild neutrality law It is bound
to give more teeth by including group Of essential
erias in the embargo list but is doubtful If they will succeed
which the aggressive neutrality prtgonists want to
include OIL cotton, wheat meat corn copper tn ana manga
1t another problem to build uniform neutrality en-
barge, and enforce it.
The United States has of these but m 9Sd
mechanical fighting equipment pretty well
frozen by Act which refuses loans to
includes all Of the important potential begerens Europe
Shipments and munitions to wamakers are banned by
the present limited neutrality Law.
In extending program Aaires Europe the
President has three trump cards which he is preparing to play
shrewdly.
CD He will aggressvey to extend the monetary
cord signed first with Britain and France and to %nch
2) He will cooperate in bringing about settlement of
debts prerequisite to resumption of foreign lending for
trade expansion.
81 He will push the tariff reduction of
providing markets especially for the have not nations
stace to the full of his reciprocal trade
Roosevelt leadership gained considerable prestige Septe
Der when the acGFd with Britain ramce was
valung the franc overnight Since hen has
three other nations into e the t is an anchor to
other nations cling when they need similar sabzng support
debts hang like dark cloud European cap
as Nearly great nation in default to the United
States is debt Only little finland has kept it's interest
pom nanas IN forcing nearing tor o4er paris
to the American loan market
Since last summer that the deb
wanted discussions of settlement scheme
with resumption of interest payments The move inspired
from Washington. y
Not since the Washington has the time been
Just started second term Of office with an
majority His trade and his monetary agreement have
foreign trade steadily pulling the depression low
to pay their Obligations by selling in this market The reciprocal
trade treaties indicate the Presidents intention of continuing this
pushing the Presidents plans They need his continued
budget April deliberately by huge expend
would welcome the opportunity of borrowing in this
market if the need arises
Also British have all proportion the
exports and plan which the United States
bard complaining bitterly handles only little
than half the volume of world financing that it did five
years
French business responding well the devaluaon stmu
lus but critical internal political situation could shrve the
boomlet like early frost But another united with Brit
ain and the United States and fresh to the American
market would add measurably to French prestige
fostering causing most of Europes distress
Germany Not until the Reich with its 66OooOO people be
brought back into her place in the world trade picture will
international business Soundy And until provs
ion is made for this will Germany give her bge
ent determination to win it by force if necessary
This where the Rooseveul loosening
of world trade into the picture Wasngton recpro
cal agreements the biggest effort lower
trade barriers They than 3 of this counts
NAL foreign trade If pact be negotiated spring with
Britain largest customer will bring half of foreign
trade under the iberazng possibly the
of