Evening star., 1931-06-22
ST|MSON URGES
QUICK DEBT ACTION
Declares World Conference
on Problem Is Not Be-
ing Considered.
Continued From First Page.)

Continued From First Page.)
He suggested the course that has now
been adopted. At that conference he
asked Secretary Mellon, who was about
to sail for Europe, to investigate the
situation abroad. The President also
called upon the various departments of
the Government for fullest information
regarding the situation in European
countries.
The results of these investigations
confirmed the view of the President as
to the necessity OF the adviSability of
the United States Government taking
tn action proposed.
Has Held Daily Conferences.
Ever since June 5 the President has
held daily conferences with officials of
the Government and members of Con-
greSs and others regarding the proposed
morator IN. These conferences con-
tinued lie he was on his recent West
ern trirE
President Hoover determined from
the first that any action by the United
States must be taken On non-political
and non-partisan basis. Therefore, as
soon as he obtained information from
governmental sources corroboratfng his
own view of the situation, he began
conferences with Democratic leaders,
every one Of whom, it was said at the
White House, patrioticaily supported the
movement.
Administration Gratifled.
The administration was greatly graft
fed today by the response made TO the
Presidents proposal and by the immedi-
ate effect it has had on commodity
markets abroad as well as in this
country.
While the President was making his
investigation Of conditions abroad, he
made a request for information from
the German government itself. He has
receive response in the form of let
ter to him from President Won Hinden-
burg, the contents of this letter the
President considers as confidential to
himself. It was announced today,
however, that the information obtained
from the President of Germany corre-
spends to that obtained from other
official and private reports as to/the
situation in Germany and the need for
prompt and effective aid.
It was stated today, however, that
President Won Hindenburg's letter to
the President was not received until
after President Hoover had announced
ldLC odtuAA0S AAAS RASROoSAA Ava S~NS
moratorium.
Messages Of congratulation and ap-
proval for the Presidents plan are
pouring into the White House.
Congratulated by Hurley.
Among the messages received was
one from Edward A. Hurley of Chicago,
a member of the Debt Commission and
formerly chairman Of the United States
Shipping Board, q Democrat. Mr
Hurley said:
Hearty congratulations on your con-
structive recommendation. am con-
vinced that your action will have stim-
ulating effect on world business. AS
president Of the American Manufac-
turefs Export Association, consisting Of
1000 members, leading industrial cor
porations of America, which ship so
per cent of all our exports, I know they
will profit materially by the confidence
your plan will create with foreign Gus
toners throughout the world"
Representative Davenport Of New
York cabled from Paris, where he Is
now after a visit to Russia:
Independent inquiry indicates your
proposal is thoroughly sound and in
line with a reality"
Hitchcock Praises Plan.
Former Senator Gilbert N. Hitch
cock of Nebraska, Democrat, from Paris
cabled the President:
Permit me to congratulate you on
debt proposal. If carried out it should
go far toward perfecting international
cooperation and restoring normal con-
ditions"
A cable from London from S. M. B.
Fisher, former member Of the Canadian
cabinet, read:
May I, as q one time Dominion
cabinet member, now a private citizen,
pay tribute to your. stroke OF genius
whereby you have delivered the nations
of the world from burdens that were
only breeding discomfort and revolu-
ton. Forgive a suggestion that you in
Sist that any nation benefltting shall
undertake not to increase war expendi-
lures during moratorium. Countless
millions, especially in Europe, will thank
God for you"
H. H. johnson, manager Of the Tren-
ton, N. j.. clearing house, telegraphed:
'Your move for economic relief of
Europe was a master stroke from every
angle"
French Reply Awaited.
The reply Of the French Government
as to whether 1t would agree to forego
for a year the collection of German
reparations in accordance with the
Presidents proposal is awaited with the
greatest interest. It was variously esti-
mated here today that the actual net
cash which France would receive If the
Presidents plan were not adopted would
be from $38 1000, 900 to $110,000,000.
The net cash Is what France would
retain after paying her debts to the
United States and Great Britain during
the year. Part of the reparations
agreement provides that a percentage
of the money which came from Ger
many shall be used for rebuilding the
devastated. areas in France and Bel
GUM. The rest of the reparations is