294 ESSAYS IN PERSUASION part in

a trade recovery in the United States . Peaceand confidence and a harmonious economicequilibrium for all the closely interrelatedcountries of the globe is the only goal worthaiming at.

I believe that the great events of the last weekmay open a new chapter in the world’s mone-tary history. I have a hope that they may breakdown barriers which have seemed impassable.We need now to take intimate and candid con-ference together as to the better ordering of ouraffairs for the future. The President of theUnited States turned in his sleep last June.Great issues deserve his attention. Yet themagic spell of immobility which has been castover the White House seems still unbroken.Are the solutions offered us always to be toolate? Shall we in Great Britain invite three-quarters of the world, including the whole ofour Empire, to join with us in evolving a newcurrency system which shall be stable in termsof commodities? Or would the gold standardcountries be interested to learn the terms, whichmust needs be strict, on which we should beprepared to re-enter the system of a drasticallyreformed gold standard?