Evening star., 1932-11-13
DEBT DELAY FUTILE,
BORAH SAYS, UNDER
PRESENT POLICIES
Nations Owing u. S. Should
Remove Cause of Economic
Ills, Senator Asserts.
HOOVER AND CONGRESS
MUST DECIDE QUICKLY
Issue, With Prohibition and Reve-
nue. Need, Takes Major Rank
in Coming Session.
BY G. GOULD LINCOLN.

Three major problems promise to face
Congress when that body ccnvenes three
weeks from tomorrow. They are the
foreign debts owed this Government, the
LIQUOR issue and revenue finding.
The governments of Great Britain
and France have sent notes to this Gov
ernment which, it is understood, seek
further negotiation Of the debts Other
foreign debtors are expected to JOIN with
them.
The Hoover one-year moratorium Is
at an end, and Congress, when 1t agreed
to that moratorium went on record as
onposing further curtailment OF the
debts and further delay. There is due
this country Z rscember Is about $123,-
ooo 600. President Hoover is speeding
East to washington now to tackle TINS
debt question.
Borah States Position.
Senator William E. Borah, chairman
of the Foreign Relations Commlttee,
last night issued a statement en- the
debt situation in which he made II Gear
that he has no sympathy with 1urtner
T1ostponement of the foreign deots
owed this country nor their revision,
I,1less something can be done to alleVl-
ata the conditions which threaten 10
rnake 1t impossible for the nations ana
their peoples to meet their oongationS'
He said: ...o, +ools
unable to pay at this time is OF nttle
moment compared with the questloh VI
whv Great Britain feels unable TO pay.
SS1bat is II that has brought about this
condition? Fourteen years have passed
since the war closed and such has been
the effect of the policies pursued that
nroud Great Britain feels she cannon
nav her obligations in the small sum
of SOS 600 600 without importing the
worlds economic structure. Ii TINS y
true-and I am not new questioning
fI,e truth of tit seems 60 me that
nronosal to postpone payment without
some assurance of a program Wnlch
win change the policies heretofore CD
tanning is an incomplete proposal II
the policies which have been pursued
since the war are to continue, then
postponement is another name Tor can
collation.. e..
should be accompanied by program
which will give some assurance that
things will be different from TINS
time on.
Basic Changes Favored.
eff Great Britain cannot pay at this
time without imperiling the economic
fabric of the world she will be lar less
able to nav without even greater con-
seouences in the future unless the
whole international program is changed
'The question of postponement Is the
least item in this situation. postpone
ment will not either ruin us or help
Great Britain but very little. But the
policies which have made postponemeni
necessary will destroy clvlnzatloh y
they are continued. 1t was not merely
an incident that on the same DAY that
the press dispatches notified us London
was coming to Washington to be re-
lieved of her debts for time that 5OC
farmers were coming to Washington tc
be relieved of their debts. Fundamen-
tally, the two propositions are econom-
icaily akin. The policies which have
forced the nations close to bankruptcy
are the policies which have forced tnt
people of those nations clC5e TO panK'
ruptcy." -,
Senator BOrahS poSltlon mas peer
that there must be real limitation o.
armaments and a revision Of the Yer
sailles treaty if the world is to hope fol
better times.
Three Courses Open.
The situation which will face Presi
dent Hoover now and the Congress latel
is a condition, not theory. This Gov
ernment will have to determine whethe
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