Show i v 5 U s 5 Ready To Join bin j M f ii World orld Silver Parley I State tate Department i Favors Meet ButWill ButWill But ButWill Will Not Call One Undersecretary Issues First Statement for Administration Administration Administration Admin Admin- TALK OF DEBTS FEARED Session at Centrally Located City Favored WASHINGTON May 15 Associated Associated aled Press Under PreM-Under Under Secretary of State Slate Castle In the first public statement on the silver question comIn corning corn corn- In Ins ing directly from administration quarters quarter said today the United States was prepared to participate In an International conference to discuss the silver problem The under secretary explained that in hi view of the fact tact that the In Interests of or the United States in the question were l less direct than th those thase of or some other nations It was considered better L better bet bet- t- t ter that a nation other than the United United United Unit Unit- ed States should issue th the call for a conference AMERICA READY The American government Is Ls now now- ready to cooperate with an any nation which Issues the call he said Despite a senate resolution urging the United States call a conference the administration has not been In Inclined Inclined In- In dined to take active steps because extraneous matters such as war debts and reparations might be in In- In Great Britain was sounded out by bythe bythe bythe the United States with a n. view to that governments government's calling a conference but the British were found to be reluctant because of their interest Inthe in inthe inthe the sliver silver problem so far lar as India was concerned EAST HOLDS ATTENTION Tho Those interested in hi the summoning of a a conference then turned their at attention attention at- at to ro the far east from which a a. call for lor a parley was b believed today to be Imminent Japan of ot CHina was looked upon aa as a asa asa a logical government to call a con con- ference Should either of those gor governments gov gos' r me t ti call a. a conference and de decide decide dedde de- de cide it should be held at ata a more central central central cen cen- point for lOr all of the concerned nations it was said aut authoritatively th the readily at attend attend attend at- at tend a meeting In Geneva or the Swiss capital Berne headquarters of the bank for International settle settle- ments Over O several months state staf treasury treas treas- ury u-ry and commerce department department- of officers officers fi- fi cers have been studying the question and have amassed ed extensive data on oil the problem ROGERS MAY BE NAMED In the absence of ot otan any an definite statement regarding an American delegation Grafton Rogers of Colorado Colorado Colo Cob rado assistant so secretary who has bas been handling the question for th the state department was Voas considered a a. logical m member of pf the commission It would be appointed by President Hoover should a call caU for lor a conference be Issued It was also considered Uke likely the president would enlist some members of ot congress many of whom have haye been active In the question to participate Superba k in Canada Urged OTTAWA Ont Ma May 15 For P C For W-For- For Formation mation matlon of a of ot Empire to ratio raU f C value between gold and slIver silver was proposed to the Continued on PlACe Pare Two U Ii 5 S. S READY FOR PARLEY ON SILVER Continued from Page Pace One banking committee of the house of commons today by J J. J F. F Darting president resident of the Midland bank The bank or some similar agency is necessary necessary sary he said to rehabilitate rehabilitate- silver now only about one-eighteenth one of the value of gold bold Mr Darting suggested d that ownership ownership ownership owner owner- ship of oC the bank be vested ested in the various governments of the British empire in such a away way that no single part of the empire would control Once it had been established he said the bank could set up an arbitrary unit of value alue to be known as the red reeL The value of oC the red tired would be grains of oC gold cold old and the value of ot gold 20 times that of oC silver |