Show INES BACKS FACE GE PLAN GRAM BE A ident of United tea tes Body Indorses fusions Reached at ateS eS in In R Rome orne I March 24 Con Con Con- Os Europe's eco- eco pj reached b by the Congress congress of ot the International e of commerce was vas fully Jl day oday by rc Julius fues or the C ar of ot Com Com- he I States m iTt rom Rome to r the h American chamber here e a Rome congress congress cong his his- mesa raes- raes a Td d that solution con mic problems would directly through re- re into opportunity and therefore into dU u l prosperity and happiness v 1 phe e earnest note nota that perd per- per d aU ll discussions before the thess thess ss and its committees C adopted while emphasis on the reparations on expresses the conviction a business leaders s that the re- re pr problems of the allied allied- debts al l bu InternationalS international S d exchanges must be 1 1 ne comprehensive e whole LI chamber e ex- ex view tc cw that a financial en ence nc i for lor a complete settles settle- settle s ne liable r MEAN r IneVitable MEAN SECURITY I eN ee erEs a definite code of reLina ren re- re Lina n essential to each phase J mill ments to be made The Thes s must rep r I sent the determination of the aggreSsor aggressor aggressor ag ag- ag- ag nation in the great war to devote all aU of it its resources to the utmost of Its abil ability y of ot fulfilling its obligation while any plan of ot settlement settlement set set- must also assure asure hereafter the security of national nation 1 frontiers eliminating recurring alarms of ot otWELl WELl wax war war- debts must be maintained at a a. a high standard among a international obligations which prohibits the general application application cation of any principle of ot cancellation cancella tion but each debt should b be surveyed surveyed sur- sur with due regard for the tho ability ability abil- abil ity it of the debtor nation to pay National National Na Na- budgets must insure governmental governmental g govern govern- mental economy FORMULA SOUND In In TI view lew of ot Europe's Europe s problems thus expressed it is held th that I with within in reasonable limits the tOn tion of ot the exact amounts for I j reparations rep payments and of th the exact I terms for retiring debts incurred during the war Avar ar are n not t n nearly arly as Important as the cr creation I of conditions under which aiming power can be made effective r Tie The e resolution n adopted by the Rome I congress provides a form formula la so complete complete com corn so sound and so 0 o convincing that public opinion everywhere e will vill certainly crystallize behind it and insist on some machinery which will put these principles of settlement into play play play-at at an early early- date At the same time the American m rIcan chamber made public a a resolution tion adopted at Rome on the suggestion of ot the American delegates setting forth a a. declaration of at principles for forthe forthe forthe the Increase of industrial and commercial commercial com corn mercial production It stresses the advantages of ot private ownership and operation as compared to state statue ownership and Is similar to one adopted by the annual meeting of ot I the chamber in 1921 |