The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-16
debt HOLIDAY
FIGHT Starts
IN CONGRESS
Mills and StimSon Speak in
Support of Hoover Plan
for Moratorium.
M'FADDEN is ASSAILED
Pennsylvania Made Target
of Bitter Onslaught for
Attack on Hoover.
Continued from Page One)

to look at McFadden. He sat, poker
faced, in the seat on the Demo-
cratic side. He made no move and
shortly afterward left the house
chamber.
congress met nj McFadden's office
during the morning and voted to
support the moratorium, McFadden
alone dissenting. 1t was known
that McFadden's speech was dis
cussed in the meeting, but none Of
those who attended would reveal
what was said. McFadden remained
silent also.
Treadway moved that McFadden
be refused permission to appear at
subsequent committee meetings, but
withdrew the motion after inter-
cession by Representative Crisp
Dem, Ga.) though warning against
any repetition of McFadden's
charges.
McFadden is scheduled to testify
before the committee later.
McFadden Is AssaiIed
yesterday Mr.. McFadden made
speech in which he impugned the
motive of the President of the
United States, accuser him of bad
faith, and charged him with violat-
ing his oath of Office" Treadway
said. "I protest this committee be-
ing made a means for publicity for
man who impugnS the motive of
the President"
Crisp, opposing the Treadway mo-
ton. said:
'This committee is supposed to
be willing to hear all evidence on
this subject. Whatever Mr.. Nc
Fadden said, I am sure members
of this committee are capable of
giving it whatever weight is due"
Treadway, speaking more calmly
then said he probably had spoken
hastily and with more feeling than
he intended to show.
StimsOn Supports Bill
StimSon reviewed the develop
mentS which led up to the mora
forum an dSaid that the debt holi-
day represented "only what wise
creditor would have done"
He presented to the committee
the letter President Won Hinden-
burg of Germany wrote to Mr.. Hoo
yer June TO- appealing for American
aid in Germany'S crisis.
"All possibilities of improving the
situation by domestic measures
without relief from abroad are ex-
hausted," Won Hindenburg had told
Mr.. Hoover.
you Mr.. President, as repre-
sentative of the great American
people, are in position to take
the steps by which an immediate
change in the situation threatening
Germany and the rest of the world
could be brought about"
Calls run" Nonsense
GAS early as June IL, men like
Owen D. Young, S. Parker Gilbert,
and Governor Harrison of the New
York Federal Reserve bank had be-
come convinced that something
should be DONE" he said. 1T was
not until June 20 that the President
made up his mind"
Mills described talk of "a run on
tn edollar" as sheer nonsense"
Stimson took occasion to, deny
two charges that he said had been
brought against the moratorium.
Many people say that we were
the only nation which made any
sacrifice in this moratorium" Slim
son asid.
He cited figures of population and
per capita debt liability of the
United States, France, Great Bri-
tain, Belgium and Italy, to refute
this.
1.-THE other statement" he said,
''is that the purpose Of this whole
arrangement is to withdraw from
Germany improvident loans"
Purpose Is Explained
The purpose OF the moratorium
and the subsequent conference in
London in July, he explained, was
to stop withdrawal of funds from
Germany.
''The purpose was just the oppo-
site of that with which the govern
ment has been accused" Stimson
said.
The senate finance committee ex-
pected today to organize for the
international banking investigation
asked for by Senator Johnson (Rep..
CALI
The committee decided to begin
the Johnson investigation at 10 a. m
Friday. Witnesses to be subpenaed
will be announced later.
The senate foreign relations COM
mittee decided today to report to
the senate for action the world
court proposal when the condition
of domestic legislation provides op-
portunity.
The committee also voted unani-
cously to report favorably to the
senate the Johnson resolution re-
questing Secretary of State Stimson
to transmit to the senate notes and
other papers relating to American
efforts to avert war in Manchuria
SALARY. COST.