The Washington times., 1932-11-24
Thinks POWERS
! NEED ONLY
DIPLOMACY
Regular Channels Adequate to
, Present Case, His View;
! Reaches Warm Springs

WARM SPRINGS, Ca, Nov. "a
QN.SO. - President-elect Roose-
velt arrived at his "other home"
here at 9:55 a. m. today for
two-week vacation which will be
featured by conferences with con-
greSSional leaders.
All the way from Atlanta good
sized crowds greeted the Cover
nor at every station.
Having clarified his position on
war debts, President-elect RooSe-
velt was determined today to pur-
sue hands off" policy until he
is inaugurated President March 4.
In statement issued aboard
his train after he left Washing
ton, following conferences with
President Hoover and Congress
sional leaders, the President-elect
declared that foreign nations
must deal individually instead of
collectively with the United
States in seeking debt revision.
Presidents Responsibility
Opposing creation of any kind
of debt funding commission,
Mr.. Roosevelt insisted that the
debtor nations negotiate with
America through the regular
diplomatic channels. He said:
'My view is that the most
convenient and effective con-
facts can be made through
the existing agencies and con-
stituted channels Of diplomatic
intercourse. No action by
Congress has limited or can
limit the constitutional power
Of the President to carry on
diplomatic contacts or con-
versatiOns with foreign govern
Inents.
"The advantage of this
method Of maintaining contacts
with foreign governments is
that any Of the debtor nations
may at any time bring to the
attention of the government
of the United States new cOndi-
tiOns and facts affecting any
phase of its indebtedness"
The PreSident-elect expects to
have nothing more to do with
the debt problem until he takes
over the reins of the Federal
Government next March.
Roosevelt Avoids "Swap"
He has 4ao more engagements
with President Hoover and he
will scrupulouslyg refrain. from
advising congressional leaders re-
garding the pending petition OF
the European nations for an eX-
tention of the moratorium.
Governor Roosevelt's refusal to
approve a general debt confer
ence with the debtor nations was
regarded as an indication that ne
has no desire to swap" debt re-
duction for world disarmament.
It was generally believed, how
ever. that when he enters the
White House, Governor Roosevelt
will be glad to talk debt revision
in exchange for trade concessions
to the United States. This is in
line with his campaign utter
anceS.
Up to Congress
In explaining his foreign debt
policy, the President-elect said:
''With regard to general poll
cies respecting these debts, /
firmly believe in the principle
that an individual debtor should
at all times have access to the
creditor, that he should have
opportunity to lay facts and
representations before the cred
itor, and that the creditor al
ways should give courteous,
sympathetic, and thoughtful
consideration to such facts and
representations"
Governor Roosevelt said he was
In complete accord" with four
principles which he discussed
with President Hoover, one of
which declares that the debts
"were actual loans made under
the distinct understanding and
with the intention that they
would be repaid"
This means, his adviser said,
that regardless of what the Chief
Executive does, the responsibility
in the final analysis rests with
Congress.
The President-elect spent nearly
four hours in preparing his state
ment on debts. With him were
Bernard M. Baruch, New York
financier; Prof. Raymond Moley,
his sole adviser at the White
House conference; Col. Louis M.
Howe, his confidential adviser,
and Charles Nicholson, publicity
director of the Democratic Ma
tional Committee.