Evening star., 1932-11-23
President Talks
WithLeaders of
Both Houses.
GOV. ROOSEVELT
REMAINS ALOOF
Holds to Policy of
Glands Off" Till
March 4.
BY G.. GOULD LINCOLN.

President Hoover, in detailed
statement of his views on the for
eign debts, this afternoon told the
country he does not believe there
should be suspension of the pay
ments due the United States on
December Is.
He asserted again that he was
opposed to cancellation or fur
ther reduction of the debts.
He added, however, that other
forms of tangible compensation
than cash, such as expansion OF
markets for products Of American
agriculture and labor" might be
found to wipe out the debts in
part.
Other Compensations Seen.
~There are other possible COM
pensations in economic relations
which might be developed on
study which would contribute to
recovery of prices and trade" he
said.
Despite the opposition manifested in
congressional headquarters. the Presi-
dent declared his belief that Congress
should authorize the creation Of an
agency to discuss the debts with the
foreign debtors.
TT is unthinkable," he said, that
within the economy Of nations and the
maintenance Of international good VIII
our people should refuse TO con-
sider the request of q friendly people
to discuss an important question IN
which they and we beth have vital
interest. irrespective of what conclu-
sions might arise from such discus
sion"
The Presidents statement was issued
at the White House an hour and a nall
after he had concluded his conference
with congressional leaders on the dept
question. At that conference the Presl-
dent found himself in general accord
with the congressional leaders that there
should be no suspension OF the debt
payments soon to be due, no cancella-
ton of the debts and no wholesale re-
vision.
At Odds With Leaders.
He found himself at odds, however
with a number of the Senator'S and
Representatives, particularly on the
Democratic ride, over his proposal that
an agency b. created by Congress to
discuss the debts with the debtor ma
tions. as requested by Great Britain
France, Belgium, CzechosloVakia and
Po'and.
Secretary of State Stimson immediate
ly began putting in final form notes tc
the debtor nations which have requested
a postponement of the December debt
payment ending review OF the entire
debt situation.
The President suggested in connection
with his recommendation that ar
agency or commission be created tc
discuss the debts with the debtor
nations:
81 believe that Congress, in view Of
the request made by these governments
should authorize the creation Of ar
agency to exchange views with thos:
governments, enlarging the field OF dis
cussion Of the above indicated (referrins
to other forms of compensation anc
cash and possibly DISARMAMENT ane
report to Congress such recommends
tions as they deemed advisable.
Furthermore, such agency should be Sc
constituted through complete or partia
identity Of membership with the dele
cations to the world economic confer
ence and to the general Disarmament
Conference, that under the direction O
the President and with final decision
in the Congress, we may take thi
strongest possible co-ordinative step
toward the solution of the many under
lying causes of the present calamity
Discusses Suspension Plea.
The President had this to say re
garding the request for suspension o
debt installments due on December 10
LAS to the suspension Of the install
ments due on December is, no fact
have been presented by the debtor gov
ernments which would justify sucl
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