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To start the wheels of the Geneva Disarmament Conference grinding again President Roosevelt's quiet little Ambassador-at-Large Norman H. Davis busied himself in London and in Paris last week with clearing up the "misunderstandings" created when the President, as Europeans think, "wrecked the World Economic Conference" by refusing to stabilize the dollar (TIME, July 10 et seq.). In London Mr. Davis called on Prime Minister James Ramsay MacDonald who was still snorting over what he considered the President's omission to act in currency matters along the line privately agreed upon when Scot...
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