THE LEAGUE OF NATIONS: Russian Victory

The International Economic Conference sponsored by the League of Nations at Geneva (TIME, May 16) moved rapidly last week toward completing the reports of its three committees (Industry, Commerce, Agriculture), and prepared for a final plenary session at which the reports will be presented, read.

Most notable last week was a persistent struggle by the Soviet Russian delegation to get into the preamble to the reports a statement that there are two economic systems: Capitalism and Communism.

Most delegates of other nations shied at this...

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