National Affairs: Couch & Coach

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to the Press: "We now understand each other, as it were, elbow to elbow. We have got above and beyond mere market haggling and foggling. 'I will give you sixpence in silver if you will give me six coppers.' Bah! That is not the way of going to work together. We've got above that."

Certain facts, however, bulked through the misty idealism generated by the White House conversations:

1 ) President Roosevelt promised no War Debt moratorium June 15; he expects full payments on that date, pending a separate settlement of the debt issue outside the London Conference.

2) President Roosevelt is ready to consider France's demand for a consultative treaty to determine and punish an aggressor nation, such a treaty being a step toward guaranteeing France's political security; but France and Europe must first agree to real disarmament at Geneva and show an honest desire to keep the peace (see p. 16).

3) President Roosevelt favors an all-round tariff truce until the World Conference; such a truce would prevent any power from jacking up its duties before June 12 to gain a bargaining advantage at London (see p. 16). In the White House Woodrow Wilson was a college professor who surrounded himself with practical politicians to help him work his executive will. Representative Oscar Underwood wrote his tariff bill.