The Bismarck tribune., 1931-12-10
REVIVAL
OF Commission TO
CONSIDER MATTER
Says Some Nations Clearly
Cannot Pay Pending
Economic Recovery
ASKS FOR ADJUSTMENTS
American Relations With Rest
Of World Are Reviewed
in Message
ASKS FOR ADJUSTMENTS
Washington Dec. 10.-(F)-Declar.

Washington Dec. 10.-R)-Declar.
ing the debtor nations cannot pay,
President Hoover asked congress
Thursday to provide for temporary
adjustments" in the war debts OF
Europe to the United States.
In a message submitting the June
moratorium for ratification, he pro-
posed revival of the commission which
funded these debts, and said;
"AS we approach the new year It is
clear number of governments in
debted to us will be unable to meet
further payments to us in full, pend
ing recovery In their economic life."
Therefore, it will be necessary in
some cases to make still further tenn
porary adjustments" he emphasized.
The foreign debt commission would
go into the debts question In the light
Of "the present economic emergency"
and make recommendation to con-
gress.
Leading off with these recommend
ations, the message touched upon
American relations with much of the
rest of the world.
Covers Wide Scope
Hoover ranged from Manchuria to
Mexico. and from the st. Lawrence
waterway to Paraguay. He again
urged adherence to the world court.
and vigorous action by the world at
large to curb ornaments.
mo discouragementS should be
permitted to turn the world from
sane and reasonable limitations Of
arms" he said.
The president asked legislative
sanction for the moratorium within
the next few days, for 1t Is on Decem-
ber Is that the next payments from
abroad fall due.
He suggested provision Tor pay
ment Of the installmeuts withheld
over 9 1o-year period. beginning July
/, 1898. s.A~...~'
His statement Of last' 'S..s.7r xsss
II do not approve In any remote sense
Of the cancellation OF the debts to
U.s." was repeated.
"The effect Of this (moratorium)
agreement" the president wrote, was
instantaneous In reversing tho drift
toward general economic panic and
served to give time to the peoples Of
those countries to readjust their eco
noinic life.
This action taken was necessary.
I am confident 1t commends itself
to the judgment of the American peo-
pie"
Tells Of Visits
The president briefly cited the re-
cent visits to him by Premier Laval of
France and Foreign Minister Grandi
Of Italy, saying their conferences
brought out valuable understand
ings" Of the nature Of current prob
lens.
Other than to reiterate Americas
responsibility in maintaining the
integrity Of China" he confined his
discussion Of the Manchurian situa.
ton to review OF steps taken. He
withheld other statement pending the
decision Of the League Of Nations
council in Paris.
As to the world court, the presi-
dent said safeguards against Euro
pean entanglements stipulated by the
senate have been obtained "and the
interests Of the United States pro-
tected." He recalled that for IL years
every president and secretary Of state
has sought adherence.
There was an expression Of hope
that negotiations with Canada over
the st. Lawrence waterway weuld
result in work upon the project
within q reasonable time
Much Of the body Of the message
dealt with Latin-American affairs.
He reiterated the decision to with
draw American troops from Nicaragua
after 1882; declared again for the
popular government Of Haiti with
continued United States financial
control; and expressed hope for q
settlement of the boundary dispute
between Bolivia and Paraguay and
Guatemala and Honduras.