Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-08
Extension Seen
Imperative by
Leaders.
VISIT OF LAVAL
TO FORCE ISSUE
Three More Years
Approval Seen
Hard to Get.

BY the Associated Press
The Hoover debt holiday
launched last June under the
sunny auspices of universal &C
claim, is running into thickening
weather as the President prepares
to discuss 1t late this month with
Premier Laval of France.
While no one doubts that Con-
gress will ratify the one-year holi-
day on debt and reparations pay
ments, already proclaimed by the
administration, the question of an
extension for two or three years
beyond next June is quite another
matter.
Mr.. Hoover Is under an increas-
ing pressure for such a renewal
Much of the agitation centers in
the New York banking group, on
which the President must count
for support in his new prosperity
credits program.
Renewal Seen Imperative.
A renewal also is looked upon as
imperative in some of the highest ad-
ministration quarters. For il was Ogden
Mills. the Treasury Undersecretary, who
had so much to do with making the
present agreement. who urged Tuesday
nights White House conference to keep
an open mind about the negotiations
with Laval.
On the other side plain notice has
been served on the President that he will
find difficulty ahead in Congress II he
agrees to an extension uncoupled with
definite European agreement to scale
down ornaments. That may be hard
to get.
AS regards the negotiations with Pre-
mler Laval, the text Of the President
proposed statement on that subject was
communicated to Mr.. Laval Tuesday
The President laid the entire pro-
gram, not only the legislative side. but
also the part the bankers were to I'M
dertake. and a statement in respect tc
negotiations with Mr.. Laval before the
meeting OF the congressional groups.
OF Executive Nature.
As negotiations with Laval were OF
an executive nature members attending
the Presidents Tuesday night confer
ence did not pledge themselves to sup
port them
This was made clear by a single SEN
tence in the Presidents statement, read
ing: This being a subject first of
negotiation with foreign governments
was not submitted for determination at
this evenings conference"
Otherwise no alteration was made in
the Presidents statement.
The Presidents proposal in respect to
the legislative program was altered on
some details to meet the views Of mem
berS present
The President had expected the de-
velopment of views of congressional
leaders might require time. and SO he
did not expect to give out a statement
until Wednesday. However. members
were so cordial that he was able to
formulate and issue the statement of
Tuesday night.
ingnesS to go into the question during
his visit
Chairman Borah of the Senate For
eign Relations Committee gave warn
ing to the Chief Executive at his White
House conference Tuesday night that
he would oppose q new debt holiday
unless 1t provided for a pairing down
of European ornaments. He also de-
sires that Germany shall benefi.
through curtailed PREPARATIONS payments
From the Democratic party, the
President has the word of Representa-
tive Garner of Texas that, while he
purposes opposing ratification of the
present moratorium. he would inject
more strenuous efforts against an ex-
tension proposal.
Bankers Favor Delay.
On the other side OF the picture
however, Mr.. Hoover sees pressure from
leading bankers not only for a more
lengthy moratorium, but among some
for full cancellation of war debts. Only
yesterday the American Bankers Asso-
citation recorded itself in favor of an
extension.
In France. Premier Laval gave nc
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