The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1932-11-25
HOOVER SAYS
THEY MUST PAY
TRADE EXPANSION MAY BE
SUGGESTED IN PLACE
OF CASH
ROOSEVELT N~ON-cOMMITAL
ON PRESIDENTS STATED
POSITION

WASHINGTON, Nov. 23.-Presi
dent Hoover today declared HIM
self formally. opposed to suspen-
sion Of Dec. Is payments due on
war debts and recommended that
congress create "an agency to ex-
change views" with debtor nations
upon international financial obli-
cations.
In a lengthy formal statement
following his conference today with
congressional leaders of both par
ties, the president declared that
"as to the suspension of install
ments due on Dec. Is, no facts
have been presented by the debtor
governments which would justify
such postponement."
At the same time. the chief ex-
ecutive declared a commission
should be created to receive sug-
gestions on the war debt prob
lem land to report to congress such
recommendations as they deem de-
sirable."
The statement continued:
g" have stated on many occasions
my opposition to cancellation. Fur
thermore, / do not feel the Amer
lean people should be called upon
to make further sacrifices. l have
held, however, that advantages to
us could be found by other forms
of tangible compensation than by
cash, such as expansion of mar
kets for products of American ag-
riculture and labor. There are 9TH
er possible compensations in &c
onomic relations which might be
developed on study which would
contribute to recovery of prices
and trade. Such compensations
could be made mutually advantag-
eous. These things might serve to
overcome difficulties of exchange
some countries and to meet the
question of inability of some of
hem otherwise to pay"
"It is unthinkable that within the
of nations and the main
.enance of international goodwill"
Mr.. Hoover said, that our people
should refuse to consider the re-
quest of a friendly people to dis
an important question in
which they and we both have a vi
al interest, irrespective of what
onclusions might arise from such
discussion"
Roosevelt AIoof
Mr.. Roosevelt's reply to the
residents reported declarations
7as described as a disavowal of
esponsibility for debt policies IN
il he himself assumes office on
1arch 4.
Further, in his midnight round
able conference the position of
ne president-elect was outlined as
ne of not debating to the Demo
rats in the senate and the house
ntil his administration begins.
WASHINGTON, Nov. 81. Czecho
lovakia aligned itself beside Great
France and Belgium, in
debt revision today, in a
ote asking suspension of the ST.
10000 payment it has due to this
Dec. Is.
There will be no publication un-
| tomorrow of this latest COM
unication in the difficulties which
resident Hoover and President
ect Roosevelt plan to seek to
.resh out at the White House.
Ferdinand Veverka, the Czecho
ovakian minister, presented the
'cument at the state department.
amount due next month from
s country is all on account of
incipal.
The total obligation of Czecho
to the United States
at s167, O71,O23 Payments
'eady have been made which ag-
egate SIS, 304, 179. The British
vernment was the first to ask
extension of the moratorium,
d general reconsideration of in
national debt settlement.
Sir Ronald Lindsay, the British
.abassador, presented this request
Secretary Stimson, Nov. TO-
ance followed with a similar
smorandum the next day and
lgium did the same Nov. Is.
Great Britain owes s95,550,000
Dec. Is. The French payment
on that date is S1~9,261,43S and
) Belgian payment is ~$2,125,000.
Along with debt matters, Mr.
over and Mr.. Roosevelt are ex-
cted to discuss the probable date
the world monetary and econom-
conference at tomorrow's meet
:, which will be in the Lincoln
ldy.
Norman H. Davis, and the other
Derts who compose the commit
empowered to make prepare
v arrangements for the world
lference have not reached any
iclusion as to a likely date. Ann
can official opinion on the