OCR Text |
Show NEW CROP MOVING PLAN SUGGESTED Secretary McAdoo Would Form an International Clearing Clear-ing House Association. Washington, Aug 4 Today's cabl-J net meeting was devoied almost entirely en-tirely to discussions of the European j crisis and the relief of Americans abroad Secretary McAdoo brought up the i subject of an international clearing1 house association, in which the Unit ed States and European nations should hold membership as one method meth-od by which this countrj might insure in-sure the disposition of its wheat and j cotton crops in foreign markets With the banks of the eountr fortified I with millions of additional currency,; officials feel that the Immediate; problem Is how to take care of the crops. The establishment of an Interna tional association and the resumption of trade, it was pointed out. would not only result in the sale of Amer lean crops but would tend to bring back to the United States much of the gold recently exported. oo |