Red Room Results

The British Government has asked for a discussion of the debts. The incoming administration will be glad to receive their representative early in March for this purpose. It is, of course, necessary to discuss at the same time the world economic problems in which the U. S. and Great Britain are mutually interested, and therefore that representatives should also be sent to discuss ways and means for improving the world situation. It was settled that these arrangements will be taken up by the Secretary of State with the British Government.

Thus last week did President Hoover and President-elect Roosevelt summarize the results of their second White House conference on War Debts. Their November meeting had ended in deadlock which their December exchange of public telegrams had not broken. Secretary of State Stimson's diplomacy was credited with bringing them together on an agreement which seemed to mean more on paper than in practice. The outgoing President had won his point: a start would be made at once toward debt settlement, even if it were nothing more than an invitation to Britain to confer after March 4. The incoming President had won his point: there would be no debt conference binding on his administration until after he got into the White House.

The Roosevelt party entered the White House at 11 a. m. with almost embarrassing promptness. It just missed colliding in the hallway with President Hoover and his aides as they hustled to the Red Room to receive their callers. Beneath a fine Federalist cut-glass chandelier President Hoover sat down on a plum-colored velvet couch. Mr. Roosevelt was nodded into a seat beside him. Secretaries Stimson and Mills, Democrat Norman Hezekiah Davis and Professor Raymond Moley distributed themselves nearby. Mr. Hoover, as usual, took a cigar. Mr. Roosevelt, as usual, took a cigaret.

The meeting disbanded at 12:35. Off went Professor Moley of the Roosevelt "brain trust" to assemble preliminary data in the State and Treasury Departments for his chief. Secretary Stimson vanished to summon Sir Ronald Lindsay, the British Ambassador, tell him what had happened. On the train taking him South, the President-elect reflected with satisfaction on the Red Room conference. It was not up to him and his incoming Congress to see that, in the event the British burden of $4,398,000,000 indebtedness is eased, the U. S. would receive some compensating advantages. Possible bargains which he may drive in return for downward debt revision: lower tariff on U. S. exports to the British Empire; stipulation that Britain return to the gold standard.

In London the news was hailed as "best of the week.'' There was talk of Prime Minister Ramsay MacDonald heading the British mission, which was calculated to arrive "March 5," in ample time to do any settling that might be agreed upon before June 15, next payment date.

"A matter of very great and heartening significance," declared Senator Borah, Foreign Relations Committee chairman. P: Last week Chairman Everett Sanders of the Republican National Committee, onetime Coolidge secretary, called on the President to spike reports that he was going to resign.

P: Tireman Harvey Firestone arrived to announce that trade would be improved "by putting the Golden Rule into effect in business dealings." P: The President appointed Henry Frank Holthusen-, onetime Latvian and Estonian consul in the U. S., an accomplished amateur magician, to be U. S. Minister to Czechoslovakia. The nomination was purely honorary, because the Senate is confirming no Hoover appointments. P: Mayor Munroe Stiner of Larchmont, N. Y. (pop. 5,282) called to philosophize: "This is a bad year for Mayors, Mr. President."

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