Show CLARK DENIES SENATE HOPES Former Ambassador Too In Interested Interested In- In in Foreign Bond Protection If It J. J Reuben Clark Jr former United States ambassador to l ie Mexico and second counselor in jn the the- first presidency cy y of th the thc L. L D D. S. S church is being groomed by Republican leaders leader as 38 a a candidate to oppose l iam am H H King next tl's all ill news to him i iMi Mi Clark told Interviewers who wh met him himat at the Union Pacific depot ye Y morning mornin on his return from the the recent Pan-American Pan con at Montevideo Uruguay that he has more re imp important thi things to gs-to to thir think about Protection of the interests of Amerlean Amer Amer- lean Ican can holders of more than in foreign b bonds bOnds' rids rids' has has' been vested by the federal government in ina a corporation temporarily headed by him lim and he will leave ve for New York early next week to take active charge of th the public work Thus Mr Clarks Clark's absence of nearly four months as a delegate of the thc secretary secretary sec see of state to the Pan American conference will be followed d by another another an an- other ther absence of perhaps six months In n the thc east in connection with the semipublic Foreign Bondholders Bondholders' Protective Pro Pro- council Any political activities his friends may have planned for tor him President Clark indicated must await the thc outcome outcome out out- come of his new duties for the thc time being at least Its all news to me he said said- referring referring referring re re- re- re ferring to his rumor rumored d candidacy for United States senator from Utah on the Republican ticket I 1 rim am not pot thinking about or discussing politics at this time The Pan Pan American AmerIcan conference in his opinion was marked by an Important Important Im Im- Im step toward world peace and did much to cement friendly relations between the thc United States and the Latin-American Latin countries The conference enabled Secretary Continued on on Par Far Two Cl Clark rk Denies Consid Considering ri g V Running for Former Ambassador Says He Is Too Busy Working on foreign Bond Protection Continued from Page One of ot State Cordell Cordeli Hull to come into personal contact with the heads of practically all the Latin Latin American governments and he got splendidly splendidly he explained He qualified as a real ambassador of good will and the friendly feeling resulting I 1 Iam Iam am certain will mean increased trade for lor the United States Secretary Hull initiated the movement move move- ment which settled the war between Paraguay and Bolivia and he was active active active ac ac- tive in arranging for tor Argentina and other Latin Latin American American nations which had not taken such action to sign the Kellogg Kellog pence peace pact This move toward world peace was strengthened when the United States signed the American peace pact proposed by Argentina Another peace move at al the con conS terence ference was the passage of a rc resolution tion lion wherein it was agreed that it would not be regarded as an unfriendly unfriendly un tin friendly act for a nation to Intervene where war threatens between a ana na nation lion tion signatory to and another which had not signed the pact Explains Bond Protection Of more timely interest however Was Mr Clarks Clark's explanation of the need for and md the alms aims of at the newly formed council to protect thousands of American investors Investor in foreign bonds Appointed a member o of the council coun coun- cil cli last winter Mr Clark arrived in Brazil on his return from Montevideo in time to prevent the execution of an agreement by the Brazilian British nn an and French governments which would have made British and French investors preferred creditors creditor at the expense of American investors in the liquidation of defaulted Brazilian Brazilian Bra Bra- bonds The agreement was held up tip he said and as a result American hold holders ers of Brazilian bonds in default will receive a far greater return than originally planned More than of the foreign bonds held by American inVestors investors in in- he explained are arc in default de de- de- de fault Heretofore these those investors have had no protection The council was formed ormed at the instance of the administration for tor this purpose It is isa isa isa a nonprofit org organization and its members members mem mem- bers receive no remuneration It will be the councils council's ls l's aim to obtain ob tam tain a fair deal for the American Investor investor investor in in- vestor in the liquidation of these bonds Raymond B. B Stevens Steven former congressman congressman congressman con con- gressman from New Hampshire was Wa appointed president of the coun council il but illness will prevent him from tram heading the organization for at least six months In the interim Mr Clark will guide guid the councils council's activities |