Evening star., 1932-11-22
HOOVER AWAITING
ROOSEVELT TODAY
Governor Due to Arrive at
$50 Pm. and Go Promptly
to White House.
Continued From First Page.)

can and Democratic leaders in Congress
is against postponement and against
further review of the debts which might
be interpreted as a step toward debt re-
duction.
There remains, therefore, a decision
between absolute refusal, though po-
lite, to be drawn into debt conferences
and to postpone payment, and counter
proposals. If counter proposals are to
be made. 1t appears reasonable to sup
pose that they will deal with increases
in the foreign trade OF the United
States. Restrictions have been raised
in some of the debtor nations against
American imports. The development Of
greater markets abroad for American
products seems to be the one potential
argument which might be made to
Congress for further review Of the
debts.
Commission Opposed.
There was no intimation from the
White House whether the President
would revive his recommendation to the
Congress that it re-establish the World
War Debt Commission. Members of
Congress now in Washington have de-
clared themselves strongly opposed to
such a proceeding. on the theory that
it would be construed by the debtor
nations as a willingness to revise and
reduce the debts owed this country.
Secretary Mills asserted that such
commission would be very helpful, but
declined to say whether the President
intended to propose it.
Subjects allied to the debt question
which the President is expected to talk
over with Gov. Roosevelt include the
proposal to slash the armaments OF the
world by one-third, which has been ad-
vanced by the President, and the Eco
nomic Conference, for which plans are
now being discussed in Geneva by the
Committee on Arrangements. Norman
Davis and the Ambassador to Germany,
Mr.. Sackett, are the representatives OF
the United States on the committee.
Cabinet Hears Proposals.
The subject of the debts was dis
cussed further by the President with
the members of his cabinet at the
White House this morning. It is un-
derstood the President laid before the
cabinet the proposals which he intend
ed to submit to Gov. Roosevelt for dis
cussion later today.
Tomorrow at noon at the White
House the President will meet with the
Republican and Democratic leaders in
Congress and ranking members Of the
Finance Committee Of the Senate and
the Ways and Means Committee Of the
House to talk over the foreign debt
situation.
Czechoslovakia has ranged itself
alongside of Great Britain, France and
Belgium in the request for reccnsidera-
ton of the debt problem and further
suspension of payments during this con-
sideration. A memorandum received by
this Government from Czechoslovakia
on the subject was made public today.
The memorandum directly concerned
the December IS payment due from that
country of $500, 900, all on account OF
principal.
The total Czechoslovakian obligation
Is $l67. 7.0Tl ,023, after payments already
made of S18,3G4,178. It's note, deliv-
cred to the State Department by Min
lister Ferdinand Veverka, spoke Of
sharing the views and concerns of the
British and French governments"
Difficulties Stressed.
"The Czechoslovak government" 1t
said, fully subscribing to all reasons
and conclusions concerning the OBJ
structive function and effect of this
problem in the general economic situa-
ton, and in the worlds recovery, cannot
omit to stress some specific causes which
aggravate the financial situation of
CzechoSlovakia, already suffering under
the general repercussions of the uni
versal worlds economic crisis"
The note said the country was suf-
fering from a collapse of agricultural
prices and monetary and credit diff
ficultieS. 1t added:
"The best evidence of this situation
Is the enormous decline of the Czecho-
slovakia foreign trade, so vital to Czecho-
slovakia as an exporting nation, a de-
cline which paralyzes beyond belief
every effort to constantly meet larger
obligations in foreign currency.
"All these difficulties and evils neces-
karily reflect themselves in the budget
ary situation, resulting, in spite Of the
most honest determination to the con-
trary, in an inevitable deficit"
Poland, too, has joined the nations
serving notice they want reconsidera-
tion Of the debt question.
The Polish Ambassador called on
Secretary Stimson today and informed
him that his country would send note
later asking for extension of the mora
torium and reconsideration of the prob
lem. Poland Is due to pay S3.302, $50
on December Is. The interest totals
5000, $50; the rest is principal.
Poland had paid 22,646,297 of the
$206, 1000 owed the United States
under debt agreement between the
two