The Guardian And Evening Star, with which is incorporated the West Coast Times. SATURDAY, JUNE 24, 1933. AMERICA’S ATTITUDE.

Hokitika Guardian, 24 June 1933, Page 4

The Guardian And Evening Star, with which is incorporated the West Coast Times. SATURDAY, JUNE 24, 1933. AMERICA’S ATTITUDE.

The United States delegation to the World Conference is a very large one, and is proving somewhat unwieldy. Most of the representatives are new to office, having come to the fore when President Roosevelt took office. It is evident they are not working as a team, and judging by the London press comments there ie a good deal of orctu purpose resulting. Hopes are entertained that when Professor Moley reaches London there will he more cohesion. It is interesting to note that in all the “important steps taken by Mr Roosevelt since assumng office, he lrat; about him what has been called a “Brain Trust.” This is an association of several gentlemen outside politics, but well versed in economics. They are learned professors of marked ability, and Professor Moley is one of tnose in closest touch with the President. During the campaign, Mr Moley was in a secretarial position, and collected material for Mr Roosevelt’s speeches. His intimate connection with the President therefore will give him a special standing when he reaches London this week,end, and he may be able to co-ordinate the work of the American delegates to better advantage. The currency problem is the question on which there is the greatest cleavage. There appears to be a desire to maintain the gold standard to the fullest extent, but Britain is not ready for the change back. Mr Chamberlain has a good deal of influential backing in the stand he ie taking, and it would appear has at his service the Best financial advice obtainable from London sources. It would seem therefore that the issue rests as between the United States and Britain, and the experts on both sides may be trusted to thrash out the issue to the fullest extent. But there is the conflict of opinion in the States itself, and it is given out that America will not confirm any stabilisation proposals, unless of course they were Particularly favourable to the States. In that connection it is not without profit to recall that when Mr Woodrow Wilson, as President, took a hand in the Peace Conference, and designed tile League of Nations—all splendid work for the good of the world at large—hi,? work was not approved at home, and the States continued to take an isolated po-itLn. There is the suggestion that America will remain isolated on the stabilisation proposals now, though that disposition is not in keeping with its President’s broadcast of goodwill to the world at Irree. The Lsres rf course are very groat, blit the effect of a- sane settlement will carry in its train advantages of groat m —tent to the world at large. All cannot gain as much as they night wish from a settlement. There must be some sacrifice. Compromise invariably carries that penalty, but the net gain should ''utw-doh any prospective loss. At all events, it is evident America has a team of

advisers behind the President disposed to drive as hard a bargain as possible. Professor Moley will he able to nee how far America may go in that respect, and it is to be Imped lie will be influential enough to take some midd-e course to save the general situation.