The Waterbury Democrat., 1931-12-10
BY RAYMOND CHAPTER

BY RAYMOND CHAPTER
 United Press Staff Correspondent
 Washington, December 10 - (UP) = Congress was asked to- day by President Hoover to open the way for revision of the billions in war debt owing the United States.
 In a special message on foreign affairs, he asked congress to face the obvious fact" that, due to present world conditions tempor- ary relief must be granted in addi- ton to the recent one year mora torium.
 The message did not refer to debt cancellation, but 1t was gen. erally regarded as directed at scal- ing down partially the huge war debt-estimated to have present value of $9,OOO, 100000 - which the World war allies hitherto have paid largely out of separations moneys obtained from Germany.
 Cangress was asked to revive the World war foreign debts commis- sion with authority to examine and report on the debt problem.
 Congress would have the final approval, and it was asked also to approve the one-year moratorium arrangement granted last July. ,u Mir Hoover urged that no dis couragements be permitted to pre- vent reasonable arms limitation at the coming Geneva disarmament conference, emphasizing that the burden of armament is greater than before the World war.
 The senate was reminded that the world court proposal is still bending before it and that for twelve years every president has urged American. membership as a further assurance against war;
 Congressional approval of te one year moratorium is generally taken for granted.
 On the more controversial ques- tion of further scaling down war debts, MT Hoover said:
 "As we approach the New Year, it is clear that a number of the governments indebted to us will be unable to meet further payments to us in full pending recovery in their economic life. It is useless to Therefore, 1t will be necessary in SUEIlC CdoCS tO hidhC othh AaA ttN>A temporary adjustments.
 "fhe congress has shared with the executive in the past the con- sideration of questions arising from these debts. I am sure that it will commend itself to the congress, that the legislative branch of the government should continue to share this responsibility. In order that we should be in position to deal with the situation, I recom- mend the rifle-creation of the World war foreign debt commission, with authority to examine such prob- lems as may arise in connection with these debts during the present economic emergency, and to report othe congress its conclusions and reconmendations.'
 Washington. December 10 - OUP) President Hoover in his foreign affairs message to con- gress today repeated his debt mor- atorium statement of last summer in which he outlined the granting of the moratorium. Then he said:
 "All the important creditor gov ernments accepted this proposal. The necessary agreements among them have been executed, and creditor governments have fore gone the receipt of payments due them since July 1, 1881.
 "The effect of this agreement was instantaneous in reversing the drift toward general economic panic and has served to give time to the peoples of those countries to readjust their economic life. The action taken was necessary. l am confident it comments itself to the Judgment of the American people.
 Payments due to the United States government from many countries, both on account of prin- cipal and interest, fall due on De- cember 18th. It is highly desirable that a law should be enacted be- fore that date, authorizing the sec retary of the treasury. with the ap. proval of the president, to post pone all payments due us on &C., count of debts owed by foreign governments to the United tSates government during the year end ing June 30, 1892. and to pro- vide for their payment over 10- year period, beginning July 1, 1883.
 "As we approach the New Year it is clear that number of the gov, rnments indebted to us will be unable to meet further payments to us in full pending recovery in their economic life. It is useless to blind ourselves to an obvious fact. Therefore, it will be neces- sary in some cases to make still further temporary adjustments.
 "The congress has shared with the executive in the past the con sideration of questions arising from these debts. I am sure that it will commend itself to the congress, that the legislative branch of the government should continue to share this responsibility. In order that we should be in position to deal with the situation, I recom- mend the recreation of the World war foreign debt commission, with authority to examine such prob lems as may arise in connection with these debts during the present economic emergency, and to report to the congress it's conclusions and recommendations.
 DISARMAMENT"
 "The United States has accepted an invitation to take part in the