Evening star., 1931-06-24
u. S. STANDS FIRM
ON HOOVER PLAN
Cannot Depart From Broad
Outlines, Says Secretary
Stimson.
Continued Prom First Page.)

Continued From First Page.)
Of the United States, laws have been
enacted which must be considered in
bringing about an agreement to sus-
pend the debt payments for the next
year. - ~.
British Envoy COnfers.
No statement was forthcoming as to
whether the French reply would be
made public when it Is received here
or whether it will have to reach the
public from French official sources.
The British Ambassador, Sir Ronald
Lindsay, was in conference with Sec.
retary StimSon at the State Depart
| ment, presumably in connection with
the debt suspension plan. The British
| government already has signified it,
approval Of the proposal, although nc
formal note, it is understood, has beer
forwarded to this Government. =.
Immediately after his conference
Stimson, accompanied by Undersecre-
tary Ogden Mills, visited the White
House executive offices to talk with the
President.
Congress Leaders Approve.
President Hoover continued to receive
messages heartily approving the pro-
posed debt suspension. Representative
Will Wood of Indiana. chairman of the
House Appropriations Committee, was q
caller at the White House, and con-
graduated the President on his pro-
posal.
Mr.. Wood also commended the Demo-
Gratis for the favorable stand they have
taken regarding the debt suspension
plan. Following his talk with the
President, Mr.. Wood said he looked for
no d1scordant note in Congress when
that body meets and has before it a
bill to ratify the debt suspension plan.
He insisted there should be "a recess
Of politics" Republican leaders, among
them Mr.. Wood, are advising strongly
against any attempt by the Republican
party to capitalize the Presidents debt
suspension proposal.
They insist the proposal Is national
matter and should have the supper
OF all political parties.
Mr.. Wood, pointing out that II thf
| debt suspension plan goes through, thu
United States will fail to receive dur
ing the next year some S245, ,0O0, 900
which would be paid otherwise by ow
foreign debtors, declared Congress,
should go easy on appropriations.
Economy, he said, would be absolute,
ly necessary in governmental expendt
lures.
The Indiana Representative ex-
| pressed the opinion it would not be nee.
esSary to increase Federal taxes in the
next session Of Congress, notwithstand-
| ing the TACT there is deficit in tbs
| Treasury or that this deficit might bs
increased through the debt suspension
! plan.
| He also said he saw no reason fo'
calling special session of Congress this
Fall. In some quarters it has beer
urged that President Hoover convene
| Congress in November in order to giv
more time to put through legislation re.
quired by the debt suspension plan.
Five Governments Back Idea.
1t was indicated at the White HOUSE
that information was at hand. showing
five governments at least favorable tc
the Presidents debt suspension plan
, Great Britain Germany, Italy, Austria
and Greece.
Another caller at the White HOUSE
was Howard E. Coffin, automobile and
aircraft magnate, who has been engaged
IN work OF industrial development in
Georgia.
He spoke highly Of the Presidents
plan. After he had seen the President
Mr.. Coffin personally expressed the
| opinion the proposed moratorium shoule
| be extended for more than one year.
Secretary Stimson, who was to have
delivered an address over nationwide
radio hook-up last night on the debt
suspension plan, announced late yes
terday he would not speak at this
time.
Pat Harrison in Favor
His decision not to make the ad-
dress was generally interpreted as
meaning the Administration felt the
delicacy of the situation would be bet
ter served at this time by Withholding
official statements of this kind.
Senator Pat Harrison of Mississippi,
| ranking Democratic member Of the
| Senate Finance Committee, called at
the White House yesterday afternoon to
talk over with President Hoover the
debt Suspension plan. He expressed his
approval of it. ~"
It is his opinion the President would
do well to call Congress together next
November so as to give more time for
dealing with necessary legislation af-
| tecting the plan.
Indications were that substantially
unconditional agreement might be ex-
pected only from Germany and Great
Britain.
Reservations Are Feared.
In official quarters here the fear per-
| sisted that any reservations would delay
| completion of necessary preliminaries
| and prevent speedy conSummation of
President Hoover's avowed intention to
stimulate world business by suspending
war debt and reparations payments for
year.
The administration is anxious to COM
| plete preliminarieS in the hope that an
agreement might be reached Soon.- But
the additional hope has been expressed
| that reservations will be withheld for
consideration after the idea of the plan
| has been accepted. '-as
In his announcement Of the o1fer,
President Hoover, expressed his views
toward reparations changes with the
assertion that Preparations is necessarily
wholly European problem with which
| we have no relation"
ExtraneOus Factors Opposed.
Secretary Stimson has expressed op-
| position to the introduction of what he
considers extraneeus factors. Among
other thing officials said might come
within this restriction was the sugges-
ton by Senator Segers to Belgium that
his country would be "dupe" II she
accepted a moratorium on reparations
| exceeding debt payments to the United
| States. During the period of the proc
posed moratorium Belgium would re-
ceive from Germany $24 400 900 in rep
arations and pay $S,00o,0 900 on her war
debt to the United States. Similar con-
ditions prevail in most other countries
involved, and financial circles hold that
limitation of reparations suspensions to
actual debt installmentS would consider
ably decrease beneficial effects in Ger
many;