WAR DEBTS

Nelson Evening Mail, Volume LXVI, 21 August 1933, Page 4

WAR DEBTS

MINOR PLACE IN AMERICA NATIONAL RECOVERY MEASURES MR T. C. LIST’S IMPRESSIONS (By Ti.'egraph—Press Association) WELLINGTON, This Day. “There is not the same importance attached to the question of allied debts in America as is the case in England,” said Mr T. C. List, who has returned to New Zealand after attending Rotary gatherings in America. “In Great Britain the question is regarded as paramount, and as having a bearing on every other question. In America it occupies only a minor place in the minds of the people. They have so many other and more pressing things on hand that they barely give it attention.” Some rearrangement or read justment of the British debt would need to he made before iong, and this fact was generally recognised in the States, where the British attitude was quite appreciated in contradistinction to that of France, which was never more unpopular in the States than at present. In regard to national recovery measures, Mr List said that President Roosevelt had succeeded in getting all sections, including the capitalistic and republican interests, to fight behind him, and there was a general determination to fairly try out the new measures, unprecedented and socialistic as they were in so many respects. Already two million people had been returned to work, and it was confidently felt in Washington that by the end of the year another seven niilii >».< would be engaged. Each ■ dustry was be.iig csv-'d to agru; to a working code not only in respect of wages and working renditions, but also in respect of business practice in order to eliminate waste and losses .•neidental to unrestricted and insane compcLtion. Arrangements in connection With employment followed the same hues as our arbitration and ioiiaih.ui-ni agiecmcnts, and labour was given a stand.n ' it had ,e. er previously enjoy-: 1. President- Roosevelt* ha I mound him a very democratic and energetic Cabinet and a ccnncil of advisers, who were Vrsy cult ng across every principle and sliiboleth previously held inviolable by the country, and clearing quite a new track, leading whither no-ont knew, not even themselves; but the remarkable fact remained that practically the whole, country was behind them, the feeling being that whatever occurs no new conditions could he worse than that experienced during the past few years when a third of the country’s working population was without employment, and rendered destitute and desperate. The country believed President Roosevelt, like Lincoln iti the time of crisis was to lead the nation into the promised land.