Foreign News: Economic Pacification

The dramatic lead toward abolition of trade quotas, reduction of tariffs and relaxation of exchange controls given by Socialist French Premier Leon Blum and Fascist Italian Premier Benito Mussolini (TIME, Oct. 12) stirred statesmen of the League of Nations last week to action under a new slogan: ECONOMIC PACIFICATION.

At Geneva British Delegate Mr. William Shepherd Morrison said of Economic Pacification: "We are likely to prefer—it is our British way—a pragmatic and practical approach, slow but sure." This, however, is not the Australian way, and that Dominion's vigorous representative, Stanley Melbourne Bruce, roundly...

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