Show Stabilized Money Urged Upon World By Nevada Solon Time Not Ripe for Managed Currency Pittman Tells Commission Tribune Service LONDON July 21 The 21 The world must choose between a stable or a managed currency Senator Key Pittman of the United States delegation told the commission on permanent monetary recovery measures which adopted toda today today to to- da day In public meeting its report for tor this his stage of ot the world economic con con- ference ferenee He left no doubt that the chairman of the United States senates senate's foreign affairs affair committee stood for stabilization Personally he said I r do not think hink we have reached the stage stace where we can have managed curren curren- de ties cies It comes down to the question of whether we have reached the point where we are willing to trust each other to manage currencies I dont don't believe we have SILVER RESOLUTION PASSES Senator Pittman spoke extemporaneously extemporaneously for half an hour In submitting submitting submit submit- ting the resolution of the silver subcommittee sub committee over which he presides The commission Ion unanimously approved approved ap ap- proved the resolution He succeeded In n his speech in n removing the resentment resentment resent ment that American pressure for acion action ac ac- tion ion on the silver question had aroused among other delegations but judging not merely merel- from the way some of the delegates on the other side of the fence tence ence parted with him when the meeting meet meet- big ing ng dispersed the senator is well liked ked personally and has improved the atmosphere at at- for tor silver negotiations continuation con con- of which the r resolution as su res The official summary of his speech paraphrases Senator Pittman as assaying saying Since this was the first time he had attended an international conference he ic wished to emphasize that in his view the rules laid down by the league eague appeared to him to be the proper roper ones The objections objection of those who vho had not thought it possible to have lave in the present circumstances a ad d decision islon of af certain monetary ques were easily understandable Earlier Senator Pittman referring to the general situation said It is totally impossible for us to have any measure of success if weare we weare we weare are going to continue this proc process of depreciation tion Later he made reference to the resolution resolution resolution res res- favoring the eventual reestablishment of the gold standard which had been unanimously adopted before President Roosevelt's message on July 3 created doubt which persists in regard to American policy in this re re- sped HEARS REARS LITTLE OBJECTION Senator Pittman r recalling this resolution resolution res which he had the honor to present on behalf of the United States said he had heard little objection objection ob ob- ob to it it This resolution he continued expressed my personal views and 1 l believe it also expresses the views of my government as far as I am in a position to know President ROO Roosevelt had mentioned men fetishes in his mes message ge which had caused cawed much misunderstanding Senator Pittman went on He added I wish to repeat that I believe in ina ina ina a fixed metallic standard of measure measurer |