Evening Star Newspaper, April 30, 1933, Page 5

PROSPERITY DRIVE CARRIED FORWARD Davis Proposes Sweeping Tariff Truce—Parley Results Hailed. (Continued From First Page.) discernible at the White House and State Department an air of satisfaction at what has been accomplished thus far. Close on the heels of Great Britain and France, representatives of the re- mainder of Europe’s “Big Four” arrive next week. They come from Italy and Germany, strongholds of Fascism and present problems of diplomacy fully as great as those involved thus far. In his talks with Herriot, the Presi- dent gave the impression of readiness to join an agreement to consult with fellow signatories of the Paris peace pact in event of a threat of war. The French also received the impres- sion that the United States would abandon some of its traditional theories of neutrality to apply pressure upon a wjolator of the peace pledge and would vor international supervision of arma- ments to see that any pledges to re- duce them are kept. French More Conciliatory. While these indications of the ad- ministration’s foreign policy have led France to adopt a more conciliatory at- titude at the Geneva Disarmament Con- ference, they have created compensa- tory problems with regard to Germany and the other nations opposing the status quo in European national boundaries. Prance and its allies, Poland and the “Little Entente,” are the defenders of the status quo, while Germany and Italy would change the territorial pro- visions of the Versailles treaty, The type of individuals coming to represent Germany and Italy indicate, however, that political questions may be subordi- nated to financial. They are Guido Jung, Mussolini’s finance minister, who arrives at New York Tuesday with a party of eight, and Dr. Hjalmar Schacht, president of the Reichsbank, due at New York Friday with two ex- perts. . Also coming next week are repre- sentatives of Mexico and Argentina. Behind them are lined up Chinese, Japanese, Brazilian and Chilean states- men. Manchukuo Issue Faced. The coming of the Orientals is ex- pected to bring before the President another perplexing problem—that of Manchukuo and the operations of Jap- anese troops in North China. There have been indications from the Orient that the Japanese may seek American yecognition of Manchukuo, the state which they erected in Manchuria, in return for continued trade with that territory. The president’s main goal in every instance, past and future, however, is to obtain the co-operation of his guests in making the World Economic Confer- ence such a success that it will deliver & death blow to the depression. In discussing war debts, he has held 1o his purpose of treating them as only one aspect of the problem, yet he has indicated a willingness to adjust pres- ent differences of opinion about them. The debt issue is expected to come up with Italy, as it did with Great Britain and France, although the Italians en- Joy the most favorable settlement terms of any debtor nation. British Experts Still Here. As the debt issue stands at present, the United States is ready to receive the June 15 installments totaling $144,000,000 in silver under a price ar- rangement which theoretically might reduce the payments by about 30 per cent. In the French case, the question of payment of the $19,000,000 defaulted last December is expected to come up | shortly after Herriot's arrival in France. Upon its payment depends the action which the administration might take toward granting debt concessions. With the British, negotiations have already been begun looking to an ulti- mate revision of the settlement which was the most arduous of all those be- tween the United States and its debt- ors. ‘Two British experts were left be- hind by MacDonald to aid in these egotiations. 2 g‘:’l“’the economic side the visits re- Sulted in definite agrezment to hold the world conference on June 12 and the preparations for a world tariff truce 1| the meantime. Efforts also were begun to stabilize the pound and the dollar 8s a step toward a return to world manetary stability on a revised gold standard. Outstanding among the economic goals to which the nation’s repre- sented have pledged themselves under Roosevelt’s leadership are a restora- tion of commodity prices by simul- taneous international action in the| economic and monetary fields, a moder- ation of trade barriers, an expansion of credit by concerted action of central banks, rehabilitation of silver and re- establishment of an international mon- ary standard. glorl{ all these questions hard and fast agreements were avoided purposely, lest offense be given to the other nations whose co-operation is deemed essential TARIFF WALLS HELD MENACE TO PEACE Brookings Instituti; Speaker De- clares Rates Should Be Subjected to International Law. Philip G. Wright, tariff authority, speaking in the Brookings Institution’s weekly radio debate last night, con- tended that tariff barriers are a menace to international peace and should be | made subject to international law. | In a discussion on “What shall we do @bout the tariff?” with Isador Lubin of the Brookings Institution, Mr. W'l'ighti > “If the nations of the world really want peace, and to attain this end are willing so far to abate their sovereignty | as to sign pacts and covenants to this end, thus virtually making themselves | subject to international law with respect to war, they must go further and sub- ject themselves to international law With respect to such provocatives of war as unregulated tariff making. A pledge to renounce war would seem to | $mply an obligation not to provoke war.”} Mr. Lubin asserted that the rank nnd[ file of the American people are still} protectionist minded. ‘They 'Wn‘Jld op- pose any limitation on our right tg fix our own tarifis. “It is doubtful, stated, “whether they would even sympathetic_to a radical lowering existing tariff schedules.” EX-CASHIER 'SENTENCED Kansan, Charged With $85,000( Shortage, Caught in Texas. HUTCHINSON, Kans, April 29 (). —T. J. Tucker, 35, whose embezzle- ments while cashier of the now closed State Bank of Nickerson, were said by suthorities to have exceeded $85,000, pleaded guilty to three counts in Dis- trict Court yesterda He was sen- tenced to from three to 50 years' im- priscnment on each count. Tucker, a former State bank exam- iner, disappeared two days before the benk was closed last March 1. He was arrested March 27 at San An- tonio, Tex. | president of the DR. HJALMAR SCHACHT, President of the German Reichsbank, who will arrive here this week to con-' fer with President Roosevelt on lhel gomlnx Economic conference in Lon- on. CLASH AT GENEVA ON ARMS STRENGTH France Insicts German State Police Are Potential Mili- tary Unit. By the Associated Press. GENEVA, April 29.—The conflict be- tween France and Germany over the troublesome problem of disarmament was intensified today by a difference over the proper method of computing armed strength. ‘The French, supported by Poland and Czechoslovakia, insisted that the Ger- man state police, estimated at about 100,000 men, were in fact a potential military unit, and therefore should be considered as part of the German Army. At a meeting of the World Disarm- ament Conference Committee on Effec- tives, the nations upholding this view argued that the German state police could become an important adjunct to the Reich in the event of war. Joker Seen in Amendments. The German answer to this contention was seen by spokesmen for the heavily armed countries of Europe in what they called a joker inserted in German amendments to the disarmament plan which has been presented by the British. Under this “joker” clause every re- servist would be given a “seven days’ value” as a real soldier—which would mean that the 5,000,000 French reserves would be counted as 100,000 effectives, or half of the homeland army which the British draft allocates to France. By this interpretatioh, it was said that instead of the 130,000 men usually given as the total strength of the Amer- ican Army, the proper figure would be 500,000. This would entail computing State militia and State constabularies as part of the armed strength. ‘Want Brown Shirts Included. France and her supporters indicated they would do their utmost to support a system which would include Chan- cellor Hitler's brown shirts as units of military value in computing the size of the army of the Reich. ‘The Germans, it was learned, plan to introduce additional amendments to the British disarmament proposal when the conference reaches the sub- jects of war material and air forces. If the conference, as is expected, fails to abolish military aviation, the Ger- mans will demand the right to possess military aircraft, now forbidden them by the treaty of Versailles. They may also insist on a bigger navy. In their fight to have the Hitler storm troops exempt from computation in the German army, the Berlin dele- gates have suggested an amendment to the British plan with.these provisions: That in order to be condsidered mili- tary, organizations must possess mili- tary arms, must be organized in a mili- tary manner with a general staff, and must be available for military purposes without the necessity of mobilization. German Position Unchanged. Under the British plan any organiza- tion would be military, so far as com- puting effectives is concerned, if it pos- sessed only one of these characteristics. The German amendments to the British plan were discussed without progress tonight by Arthur Henderson, conference; Capt. Anthony Eden of Great Britain, and Count Rudolf Nadolny of Germany. There was no modification of the Ge: man position. Count Nadolny said that on Monday he might have fresh in- structions from his government. Some members of the Hitler govern- ment, it was learned, have privately favored adjournment of the conference for a month or more until Germany's internal situstion calms down. PERUVIANS REPTJLSED Attack on Fort Calderon in Upper Amazon Region Fails. PARA, Brazil, April 29 (#)—Dis- patches from the Brazilian frontier to- night said that Peruvian forces had at- tacked Fort Calderon, Colombian posi- tion in the upper Amazon region near Leticia, over which the two countries have been engaged in an undeclared war for several months, but had been repulsed. The Colombians were said to have pursued the Peruvians, forcing them to give up positions they had occupied ' across the Putumayo River from the fort. | —_— | HEV-6 De Soto, Dodge, Pontiac, Essex and small 6-cylinder OVERHAULED THE SUNDAY Sees Little Hope of Gaining Economic Peace With Other Nations. (Continued Prom First Page.) not only millions, but billions, for armaments and so manipulating the currency as to close the markets to American taxpayers. It is time there should be some reciprocity, not only in promises, but in actual deeds, in this matter of adjusting the economic af- fairs of the world. I am unable to find the slightest willingness upon the part of Europe to make any conces- slons whatever or really to exhibit any sympathy with the adjustment of these economic problems. Urges Adjustments. The problem of debts and disarma- ment and currency stabilization should be adjusted, said Senator Borah, to| LD permit “the natural laws of trade and commerce and business to operate. In other words, the whole proposition con- sists of removing the obstacles to the cpening up of the world markets and to the rebuilding of trade and com- merce. As I see it, certain things stand in the way now with the nations of the earth dealing with one another, trading with one another. I would remove those, too. But I must admit that after long observation and in view of the present condition of armaments in Europe and of European nations’ actions with reference to currency, I can_discern little evidence of their readiness to do that which is neces- sary to be done by them.” In connection with the proposal for reciprocal tariffs treaties, Senator ‘Borah said that he had “long been an advocate of adjusting these economic problems through an economic confer- ence. I am still an advocate of that plan. It is difficult to see an end to our trouble, both domestic and through: out the world, unless the London con- ference vastly succeeds. But in these days nothing is to be lost by direct and candid discussion upon the part of all parties. For a decade we have been seeking to make progress in dis- armament, and the world disarmament has become almost a synonym for de- ception and hypocrisy. For a decade we have been building peace plans, and within the past year they have been discredited, if not” destroyed. We are now approaching another supreme effort, an effort in which only acts and deeds will count. This is the sit- uation at the very moment our debtors | are asking for postponement of debt‘ ayments. First, expenditures for armaments are increasing. Secondly, Chanéellor of the British Exchequer Chamberlain has advised us through the public prints that the British will do nothing on the currency question— and recent acts of his government con- firm his position. Thirdly, the Ottawa conference has _established preferen- tial tariffs for the British empire. Favors Firm Stand. “Under such cimcumstances, what reason has the American taxpayer to assume that if he gives up that which is justly his, he is to receive anything in "the way of trade benefits or the opening of markets for his farm prod- ucts or the restoration of trade. As the record stands, there is no justifi- cation for discussion of the debt ques- tion.” Discussing the question of inflation, | Senator Borah said: “The soundest. surest and fairest inflation possible would be for the Government to pay depositors of closed banks at least 60 cents on the dollar, take an assignment of their claims, and if the Government realized more than 60 cents, pay it to the depositors. “The second proposition looking to inflation and confidence would be to guarantee bank deposits. This would bring money out of hiding. These two propositions would put the money in the hands of the people, spread it out among the people in the different com- munities. The great problem in all moves for inflation is to get the money out among those who should have it. And by paying the depositors and gua: anteeing bank deposits, we would make certain of that. It would help to re- store the purchasing power of the peo- ple, the foundation upon which all pros- perity must be built, and it would help to raise the price of commodities. “That’s my kind of inflation just now. As to the inflation provided for in the bill just passed, if it is executed, in my opinion, it will be helpful.” (Copyright. 1933.) Er i S e R STUDENT OF ST. JOHN’S ENTERS ORATORY FINALS William Tobin Is One of Four Reaching Last Round in Catholic University Contest. William Tobin, a student at St. John’s College, Vermont avenue, is one of the four orators to reach the finals in the contest being sponsored by the Catholic University ~ Conference: of Clerics and Religious of the Catholic Students’ Mission Crusade, in which 21 high schools participated, it was an- nounced yesterda The contestants are competing for the Archbishop Curley Trophy. The grand finals are to be held at Catholic University May 9. 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Cites Need for World Action Before Starting Home From Parleys. By the Associated Press. Prime Minister Richard B. Bennett of Canada again emphasized the neces- sity for stabilization of the currencies of the world in an address yesterday just before he turned back toward Canada, after three days of discussion of world economic and monetary prob- lems with President Roosevel “Until recently the ordinary man regarded the quotations of foreign ex- changes as a matter of no personal interest to himself,” Benpett said. “They were merely a dull row of scarce: ly intelligible figures on a financial page of his newspaper. “It is now being impressed on the consciousness of mankind that these figures may have a profound bearing on the welfare of everyone. ‘The Sas- itchewan wheat farmer, the Florida orange grower, the Lancashire weaver, the Chinese coolie, the Chilean copper miner—they all are finding that their lives are affected by the fluctuations from day to day in the relative values of currencies.” Hopes for Co-operation. After reviewing his White House dis- | cussions with Prime Minister Ramsay | MacDonald, Former Premier Edouard | Herriot and President Roosevelt dur- | ng the last week, the Canadian prime minister said there “has arisen a new | will for co-operation in the world.” “We have come definitely and uni- versally to the view that each of us must contribute to & new scheme of inter- national action,” he continued. “The World Conference manifests our com- mon consciousness of the need to get together. The action of your great President in asking us to meet him here not only supports the common view but transiates our hopes into immediate action. I, for one, am satisfied that through these conversations has been advanced in an immeasurable degree the prospect of achieving that con-: certed front before which adversity must give way.” In an interview with newspaper men just before his departure, the Canadian | statesman declined to discuss details of | his conversations with American of- ficials about possible trade agreements and refused to name any special sched- tiles which were considered. ‘Wants Widest Exchange. “Canaca is interested in the widest possible commodity exchange,” he said, | and an unselfish approach is necessary | for Canada and all other nations in | overcoming present conditions.” | The prime minister said Canada will send an expert to Geneva to participate | in the wheat conference to be held there in the middle of May to prepare for | wheat discussions at London, but that the expert will not be named until after his return to Ottat | : e | THETA SIGMA PHIS MEET | | Sorority Holding Annual Conven- | tion at Mayflower Hotel. | The fourth annual convention of Theta Sigma Phi Sorority opens today at the Mayflower Hotel. 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