Salt Lake Telegram | 1935-05-21 | Page 1 | Tydings Seeks World Parley

Urges Conclave r. r t S S SS SS S S v 5 Senator Tydings TYDINGS SEEKS WORLD PARLEY Moves l for New Policy Policy Policy Pol Pol- icy Conference WASHINGTON May 21 UP UP- UP Senator D D. Md today proposed proposed pro pro- posed an international conference In Washington to deal with the whole r range of postwar problems including war var debts armaments currency stabilization and nd trade r revival He urged scaling down of the debts and a year five holiday on arms anns building Tydings introduced a 1 senate senate sen sen- ate resolution which would request President Roos Roosevelt velt to invite world powers powers' to the conference at the earliest earliest earli earli- est practicable time He told the senate it was time timeto to propose a new world policy a policy a alive live and let live Jive policy policy and and dedicate it to the plain people of both hemi hemi- spheres The consequences consequence of at our inertia should l lash h us into action he said aid as we gaze on a world disorganized preparing for another bloody conflict con con- filet while the bent backs of at all humanity humanity hu hu- manity support the staggering burden burden bur bur- den of ot taxation I propose action not inaction In such an emergency Tydings proposed four lour main objectives objectives tives ves 1 l A reasonable cash settlement of ot the war debts owing to the government government gov gov- of the United States by bythe bythe the European allied governments o and by Germany 2 general reduction of armaments 3 as nearly pro rata as possible Including an Immediate universal year five holiday or moratorium in arms construction 3 Stabilization of f currencies by international agreement 4 4 Revival of ot world trade Tydings said ell efforts to collect on the war debts due this government nt have come to a recognized recognized recognized and sterile standstill On June 15 is due from 12 countries coun coun- tries Avith all except Finland certain to default As a working basis toward oward an agreement he offered the plan recently recently recently re re- re- re brought forward by the business business busi busi- ness mens men's committee of at Chicago for liquidating world depression Under Under Un Un- der its terms the U. U S. S would receive bonds or notes or-notes notes secured e so as to guarantee guarantee guarantee guar guar- antee payments to this country on a alair fair lair percentage o of the debts The settlement settlement set set- would be made only as a part apart part of ot a 0 complete world program for fordis dis disarmament armament and trade revival