Evening star., 1932-12-12
DEBT CONTROVERSY
BLAMED ON HOOVER
Present Trouble Due to 1881
Moratorium, Herriot
i Tells Deputies.
CONTINUED From First Page.)

!. COO Americans subscribed to the loans
9 to the allies. We must think of the
!, effect our decision will have on those
! people. If we don't pay 1t viii mean
8 the end of the Mellon -Berenger accord" >"
When he had finished speaking the
,Schamber adjourned until tomorrow
z afternoon. Outside the buildings several
:. hundred police, mounted and afoot,
! .patroled the streets ready to prevent
sSsany demonstrations. They had nothing
3 to do.
= Heerriot declared the debts mora
torium which President Hoover de-
: clared in 1881 was the cause OF all the
present troubles in which Americas
debtors are now involved.
This is my Interpretation OF the
:. Hoover mora storium." he said.
. IF the United States did not want
. to concern itself with the problem OF
:. reparations, Mr. Hoover should not have
:. become involved IN it. He should have
= allowed Germany itself to ask for the
moratorium provided in the Young
5 plan"
These statements came in the
course of an exposition of the history
of the debts issue.
: The premier criticized other depart
ments of the American foreign policy,
= beginning with the refusal of Congress
= to approve the League of Nations as
Z sponsored by President Wilson.
a Misunderstanding Traced.
: : "The United States" he said, never
! took its rightful place at the table in
: the Council of Nations"
He insisted that America became in
: volved in the reparationS problem when
it allowed Charles G. Dawes and Owen
= D. Young to frame the reparations plans
which bear their names.
, The misunderstanding which have
> arisen between France and the United
|. States since the armistice, he said, re-
V suited from the fact that the pact of
guarantee which was arranged to COM
y plete the treaty of Versailles ''and which
was to have been signed by the United
: States and Great Britain, has become
> null and void"
!. He raised his hand to still the
. applause.
: Moreover" he went on, 1--WE did not
) have the 10Y of receiving the United
States into the League of Nations. These
4 are some of the early difficulties which
have influenced succeeding events"
- Moratorium Costs Shown.
, The Hoover moratorium, said the
premier, cost France f16, 500 ,000; Eng
ldI1O, IS, tUU,UOOY 0CA6AbuAA, @@5NooJSSSs
Z and Italy, f1.800,000.
q "At this time" he said, when there
: IS talk of a link between debts and
: disarmament, have the right to bring
: these things to the attention OF all the
. American people who have lofty and
Just ideals
He recalled how the American experts
co-operated in the elaboration OF the
4 Young plan.
mo one can deny" he said, that
this plan, evolved by an American,
created a link between reparations and
international debts.
He said that many members OF the
French Chambersof Deputies regard the
: Bank for International Settlements as
a clearing house to assure constant Co
8 relation between reparations and cebts.
Then he paused for moment.
"It was the intervention Of President
= Hoover" he said slowly, which de-
: stroyed everything and reopened every
thing"
There was another burst Of applause.
"As a matter of fact" he continued.