THE IMPENDING CONFERENCE.
Within the next few months there will be held the World Economic Conference and if, as I imagine, that • Conference may not be held until the turn of the year, there will in the meantime have been a development of two factors the nature of which must greatly affect the situation of that Conference. With the turn of the year we shall know whether the Hoover moratorium in the matter of international debts has been extended, and we shall perhaps have some clearer view after the Presi- dential election as to the attitude of America towards that and other problems. Within the next few months also there will have been an opportunity of examining more closely the nature of the organized credit expansi% in America and its effect, not merely upon Wall Street,
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