Evening star., 1944-07-02
Monetary
Continued From First Page)

riers created through senseless eco
nomic rivalries.
Two Elementary Axioms.
Mr.. Morgenthau, in his address
accepting the presidency, voiced the
hope the delegates would focus
what he termed two elementary
economic axioms."
He said the first is that prosperity
has no fixed limits-the more of it
the other nations enjoy, the more
each nation will have for itself"
The second cited was that pow
erty like peace, is indivisible, we
cannot afford to have it scattered
here or there among the fortunate
or to enjoy it at the expense OF
others. Prosperity, where it exists,
is menacing to us all and under
mines the well-being Of each OF
us"
He told the delegates. men and
women everywhere will look to this
meeting for sign that unity welded
among us by war will endure in
peace"
Representatives of two nations
that were early victims of Axis
economic and military aggression
responded to Mr.. Roosevelt's mes
sage-Dr. H. H. Kung, Chinese
finance minister, and Ladislav
Feierabend, Czechoslovak finance
minister.
Indorse World Cooperation.
Standing on q platform banked
by the flags of each of the A par
ticipating nations, the two Endorsed
international cooperation, DR.. Kung
asserting that the outcome of the
conference will affect the shape of
the peace and the welfare OF gen.
erations to come"
Mr.. Feierabend, detailing the
plunder of his country's assets by
the Germans. assured the delegates
that in spite of our present de-
plorable economic status, We come
to this conference not to receive a
'hand out. or to attempt to make
the mere fortuna teaAesuntyies the
Santa Claus for the rest of us. We
come rather as industrious neigh
bors whose houses have been burned
down. by--ipcendiaries TO seek ways
Of rehhildipg witf1pd t-sencros ching
upon the rights Of those more for
tunate whose structures remain to
mark the familiar landscape"
Mr. Morgenthau'S name as con-
ference president was placed in
nomination by Eduardo SuareE,
head of the Mexican delegation.
M. S. Stepanov Of the Soviet group
spoke in Russian. only first day
speaker to use foreign tongue.
Text Of Message.
Members of the conference:
Il welcome you to this quiet meet
ing place with confidence and with
hope. I am grateful to you for
making the long journey here,
grateful to your governments for
their ready acceptance of my invi-
tation to this meeting. 1t is fitting
that even while the war for liberia
ton Is at its peak, the representa-
tiveS Of free men should gather to
take counsel with one another re-
specting the shape of the future
which we are to win.
The war has prOdded us into
the healthy habit Of coming to-
gether in conference when we have
common problems to discuss and
solve. We have done this success
fully with respect to various mill
tary and production phases Of the
war and also with respect to meas
ures which must be taken immedi-
ately after the war is won-such
as relief and rehabilita ton and dis
tribution of the worlds food sup
plies. These have been essentially
emergency matters. At Breton
Woods. you who come from many
lands are meeting for the first time
to talk over proposals for an en-
during program of future economic
cooperation and peaceful progress.
The program you are to discuss
of course, only one phase
OF the arrangements which must
be made between nations to insure
an orderly. harmonious world. But
1t is a vital phase, affecting ordinary
men and women everywhere. For
1t concerns the basis upon which
they will be able to exchange with
one another the natural riches of
the earth and the products of their
own industry and ingenuity. Com